Egypt Legal Update
The Reorganization of Export Councils
"Egypt Legal Update"
The Ministry of Trade and Industry issued last week two decisions pertaining to Export Councils. The first decision organizes the legal and administrative structure of Export Councils in general while the second decision recomposes the board of directors of a number of key Councils. This
Jun-2022
Supreme Constitutional Court F
On 11 February 2019, the Official Gazette published a decision by the Supreme Constitutional Court (“SCC”) on a case brought against the Minis
Income Tax Law Amendment Conce
On 20 February 2019, Law No. 10 of 2019[1] was issued amending the Income Tax Law No. 91 of 2005 (“ITL”).
Companies with 25% Public Cont
The general rule according to the Companies Law[1] is that joint stock companies appoint one or more audi
FRA Decision on Board Member C
The Financial Regulatory Authority (“FRA”) recently issued decision No. 10 of 2019 (the “Decision”), amending board member criteria in non-ban
CBE Issues Comprehensive Instr
On 19 February 2019, the Central Bank of Egypt (“CBE”) issued new regulatory instructions to banks titled “Instructions for the Protection of
Amendment to Prime Minister’s
On 28 February 2019, a decision[1] was issued amending Prime Minister’s Decision No. 926 of 2018 on the r
FRA Amends Regulations for Mic
The Board of Directors of the Financial Regulatory Authority (“FRA”) recently issued two decisions – Decision No. 15 of 2019 and Decision No.
CBE Issues Regulations for Mor
Following the extension of the 2014 Mortgage Finance Initiative (“Initiative”) but only to low-income individuals last January due to the exha
CBE Issues Detailed Rules for
On 26 February 2019, the Central Bank of Egypt (“CBE”) issued new banking supervision instructions titled “regulation for (IFRS9) implementati
FRA Regulates Microfinance Ele
A cluster of decisions by the board of directors of the Financial Regulatory Authority (“FRA”) were recently published, detailing the prerequi
A New Amendment to the Listing
In another amendment to the Rules for Listing and Delisting of Securities on the Egyptian Stock Exchange (the “Listing Rules”), the Financial
FRA Decision Regulating Short
The Board of Directors of the Financial Regulatory Authority ("FRA") recently published on the FRA website decision No. 268 of 2019 (the “Deci