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Legal Knowledge “Egypt Legal Update”

Doing business in Egypt requires continuous and up-to-date knowledge of developments in the commercial environment….

Regulatory Reform

Thebes Consultancy offers research and advice to sovereign clients, international organizations and development agencies in Egypt and throughout the Arab World,…

Governance and Compliance

As the world continues to face turbulent business conditions and financial markets, it has become increasingly apparent that a new regulatory system is being set up,…

Investment Advisory

As companies prepare to enter into the Egyptian market, expand their already existing presence,…

Legal Training

The intricate web of laws and regulations pertaining to business is a complex one. Any single transaction may fall under the scope of a myriad of laws and regulations….

Latest Egypt Legal Update

Latest News

Tuesday September 25th, 2018

A New Consumer Protection Law

Sound consumer protection regulation is a staple of developed legal systems. It is therefore typical of states to aspire to reach a balance between promoting a healthy competitive business environment while ensuring the protection of consumers who deal with businesses against unfair, deceptive, fraudulent or harmful practices. In this light, the new Consumer Protection Law […]

Blog, News
Monday September 17th, 2018

Egypt’s First Sovereign Fund Law

On 18 August 2018 the law establishing Egypt’s first sovereign wealth fund named “Misr Fund” was issued. With the purpose of contributing to sustainable economic development through management of state funds and assets, the fund was created as an independent legal entity, with an authorized capital of EGP 200 bn. Misr Fund has the right […]

Blog, News
Monday September 17th, 2018

A New Law for Financial Leasing & Factoring

As part of the recent overhaul of the legal framework governing non-bank financial activities, a new law was issued regulating financial leasing and factoring. The two activities are not new to Egyptian law. Rather, the new law replaces a 1995 law on financial leasing, while factoring, although not governed by an independent law, was regulated […]

Blog, News
Tuesday September 11th, 2018

Amendment of Custom Tariffs

New custom duties were issued by Presidential Decree No. 419 0f 2018 which increased import tariffs for over 300 goods in a variety of categories. Government officials announced that the decree is aimed at encouraging national industry and updates the classification of goods to comply with the Harmonized Commodity Description and Coding System (HS) after […]

Blog, News
Friday March 30th, 2018

Capital Market Law March 2018 Amendment: New Regulation of Sukuks, Futures Market, and Various Other Changes

In March 2018, the Capital Market Law was amended by Law No. 17 of 2018, which introduced the biggest changes to the Capital Market Law since its enactment in 1992. The amendment addresses several vital topics, including a complete new regulation of Islamic bonds “sukuks”, an already thriving Islamic finance product, and the introduction of […]

Blog, News
Tuesday March 6th, 2018

Biggest Competition Related Fines in Egypt’s History Imposed on Four Pharmaceutical Companies

On 28 February 2018, the Cairo Economic Court issued a fine totaling five billion five hundred and eighty million EGP against four medicine distribution companies for violations of the Competition Law. The competition regulator, the Egyptian Competition Authority, had initiated legal proceedings in 2015 against the four companies (Ramco Pharm– Ibn Sina – Multi Pharma […]

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