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
The Establishment of Various I
On 2 October 2019, a set of nineteen Prime Ministerial decrees were published in the Official Gazette, establishing various industrial chamber
FRA’s Regulations Regarding Lo
The Board of Directors of the Financial Regulatory Authority (“FRA”) recently issued its Decision No. 127 of 2019 (the “Decision”)
Addition of the ‘Purchase and
On 13 October 2019, the Ministry of Trade and Industry Decision No. 827 of 2019 (the “Decision”)[1] was p
Amendment of the Income Tax La
On 13 October 2019, the Ministry of Finance issued decision No. 643 of 2019 (the “Decision”)[1] amending
Presidential Decree Forming a
On 10 October 2019, Presidential Decree No. 526 of 2019 (the “Decree”)[1] was published in the Official G
CBE Instructions to Banks on E
On 13 October 2019, the Central Bank of Egypt (“CBE”) issued new instructions to banks in its Board of Directors meeting that took place on 9
Minister of Education Issues U
On 24 October 2019, the Egyptian Gazette published Minister of Education Decision No. 183 of 2019 (the “Decision”)
CBE Circular with Further Regu
On 13 October 2019, the Central Bank of Egypt (“CBE”) issued a circular with further regulations for banks to follow when offering credit faci
Reduced Service Fees for the O
The board of directors of the Financial Regulatory Authority (“FRA”) recently issued its decision No. 141 of 2019 to lower the service fees fo
New and Flawed System for Calc
On 6 November 2018, Prime Ministerial Decree No. 2731 of 2019 (the “Decree”)[1] was published in the Offi
FRA’s Regulations on Nano-Fina
A recent decision by the Financial Regulatory Authority (“FRA”) introduced a new product in the microfinancing sector in Egypt. In specific, F
Two Ministry of Finance Decisi
On 27 November 2019, two decisions were published by the Ministry of Finance (“MoF”) amending the executive regulations (“ER”) of the Value Ad