Search in Legal Updates :
2020, February
FRA Amends Disclosure Requirements for Listed Companies
Last month, the Financial Regulatory Authority (“FRA”) amended yet again the rules for listing and delisting of securities on the…
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FRA Further Amends its Microinsurance Regulations
The board of the Financial Regulatory Authority (“FRA”) recently amended the regulations and templates for standard collective microinsurance policies that…
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2020, January
Further Amendments to Who May Undertake Investment Fund Activities
Following an amendment in December of last year to the requirements for licensing banks and certain non-banking financial companies (“NBFCs”)…
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Recent Changes in the Institutional Framework for Planning and Administrative Reform
On 23 January 2020, the Prime Minister issued decree No. 193 of 2020 detailing the competencies of the Ministry of…
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The Central Bank Amends Its Initiative Supporting Non-Performing Companies
The Central Bank of Egypt (“CBE”) issued a recent circular through which it amended its initiative in support of non-performing…
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A Slight Amendment to the Committee in Charge of Offering State-Owned Shares
Under the framework of the economic reform program that was adopted at the end of 2016, a Prime Ministerial decree…
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CBE Revisits Its Tourism-Related Initiatives
The Central Bank of Egypt (“CBE”) recently published three circulars targeting the bolstering of the tourism sector in Egypt given…
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ECA’s Decision Regarding Uber and Careem’s Merger
The decision issued by the Egyptian Competition Authority (“ECA”) with respect to the conditions for merging the activities of Uber…
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A Set of Prime Ministerial Decrees to Reorganize the Investment File
Following the last cabinet reshuffle that included transferring the supervision over the Ministry of Investment and the General Authority for…
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New Law Increases Penalties for Real Estate Encroachments
Last year ended with the issuance of Law No. 164 of 2019 (the “2019 Law”)[1] that intensified the penalties for…
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2019, December
The Stock Exchange Issues New Guidelines Pertaining to Public and Private Offering
Last week, the Egyptian Stock Exchange (“EGX”) issued new executive procedures for the registration and execution of private and public…
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Central Bank Initiatives to Support Industry and Non-Performing Companies
On 12 December 2019, the Central Bank of Egypt (“CBE”) announced two initiatives, the first to support industrial projects in…
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Prime Ministerial Decree Specifies Monetary Thresholds for Citizenship by Investment in Egypt
On 18 December 2019, Prime Ministerial Decree No. 3099 of 2019 was published in the Official Gazette, regulating the cases…
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Amendments to the Executive Regulations of the Anti-Money Laundering Law
On 27 November 2019, the Prime Minister issued a decision amending the executive regulations (the “ER”) of the Anti-Money Laundering…
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Investment Companies Allowed to Participate in Fund Activities
On 10 December 2019, the Egyptian Gazette published the Financial Regulatory Authority (“FRA”) Decision No. 160 of 2019[1] which introduces…
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