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
FRA Issues Regulations Pertain
Following the publication of the Consumer Finance Law (the “Law”)[1] two months ago, the Financial Regula
Investment Companies Allowed t
On 10 December 2019, the Egyptian Gazette published the Financial Regulatory Authority (“FRA”) Decision No. 160 of 2019
Amendments to the Executive Re
On 27 November 2019, the Prime Minister issued a decision amending the executive regulations (the “ER”) of the Anti-Money Laundering Law No. 8
A Slight Amendment to the Comm
Under the framework of the economic reform program that was adopted at the end of 2016, a Prime Ministerial decree was issued more than a year
New Law Increases Penalties fo
Last year ended with the issuance of Law No. 164 of 2019 (the “2019 Law”)[1] that intensified the penalti
A Set of Prime Ministerial Dec
Following the last cabinet reshuffle that included transferring the supervision over the Ministry of Investment and the General Authority for
ECA’s Decision Regarding Uber
The decision issued by the Egyptian Competition Authority (“ECA”) with respect to the conditions for merging the activities of Uber and Careem
CBE Revisits Its Tourism-Relat
The Central Bank of Egypt (“CBE”) recently published three circulars targeting the bolstering of the tourism sector in Egypt given its integra
The Central Bank Amends Its In
The Central Bank of Egypt (“CBE”) issued a recent circular through which it amended its initiative in support of non-performing companies (the
Recent Changes in the Institut
On 23 January 2020, the Prime Minister issued decree No. 193 of 2020 detailing the competencies of the Ministry of Planning and Economic Devel
Further Amendments to Who May
Following an amendment in December of last year to the requirements for licensing banks and certain non-banking financial companies (“NBFCs”)
FRA Further Amends its Microin
The board of the Financial Regulatory Authority (“FRA”) recently amended the regulations and templates for standard collective microinsurance