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
Amendment to the Fine for Fail
The Ministry of Finance recently issued two consecutive decisions (No. 305 of 2019, and 312 of 2019) that have bearing on a previous regulatio
FRA Further Regulates Sukuk Is
Last month, the Financial Regulatory Authority (“FRA”) published its board of directors’ decision No. 50 of 2019 (the “Decision”)
EGX Statement with Short Selli
On 15 May 2019, the Egyptian Exchange (“EGX”) issued a statement[1] announcing the criteria for the selec
Clarifications on Free-Zone Fe
The last days of the past month coincided with two clarifications undertaken by the General Authority for Investment and Free Zones (“GAFI”) r
New Regulations for Investment
Owing to months of much deliberation and preparation, the Regulations for Investment Zones (the “IZ Regulations”)
Several GAFI Circulars and Dec
Continuing in the trend of publishing procedural rules and guidelines for companies and investors, the General Authority for Investment and Fr
Following Income Tax Law Amend
On 16 May 2019, the Ministry of Finance (“MoF”) issued a decision amending the Executive Regulations of the Income Tax Law No. 91 of 2005 (“IT
CBE Instructions to Consider B
Dated 26 May 2019, the Central Bank of Egypt (“CBE”) issued new instructions to Egyptian banks regarding the mandatory minimum portion of thei
GAFI’s Guide on the Committees
On 15 May 2019, the General Authority for Investment and Free Zones (“GAFI”) published its Decision No. 525 of 2019 on its website, issuing a
Competition Authority’s Statem
The Egyptian Competition Authority (“ECA”) made headlines last week for sending a Statement of Infringement to two on-demand delivery companie
Amendment to the Formation of
The Financial Regulation Authority (“FRA”) recently issued its Board of Directors Decision No. 58 of 2019 amending Article 1(1) of its previou
GAFI Issues Templates for Inve
Last month, the General Authority for Investment and Free Zones (“GAFI”) published two decisions on its website that concern business entities