Search in Legal Updates :
2019, May
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Several GAFI Circulars and Decisions
Continuing in the trend of publishing procedural rules and guidelines for companies and investors, the General Authority for Investment and…
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New Regulations for Investment Zones Out
Owing to months of much deliberation and preparation, the Regulations for Investment Zones (the “IZ Regulations”)[1] were finally published in…
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Clarifications on Free-Zone Fees and Relinquishment of Sites
The last days of the past month coincided with two clarifications undertaken by the General Authority for Investment and Free…
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EGX Statement with Short Selling Criteria
On 15 May 2019, the Egyptian Exchange (“EGX”) issued a statement[1] announcing the criteria for the selection of securities that…
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Prime Ministerial Decree Reconstituting the National Council for Climate Change
Since its ratification of the United Nations Climate Change Framework Agreement,[1] Egypt has assigned responsibility for climate change to different…
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FRA Further Regulates Sukuk Issuance and Listing
Last month, the Financial Regulatory Authority (“FRA”) published its board of directors’ decision No. 50 of 2019 (the “Decision”)[1] on…
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Amendment to the Fine for Failure to Make Electronic Payment through the Government’s E-Payment System
The Ministry of Finance recently issued two consecutive decisions (No. 305 of 2019, and 312 of 2019) that have bearing…
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FRA Licensing Specifications for Charitable Investment Funds
The Financial Regulatory Authority (“FRA”) published its board of directors’ decision No. 53 of 2019 (the “Decision”) on its website…
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GAFI Circular with Rules for Company Capital Increases
The General Authority for Investment and Free Zones (“GAFI”) recently published Circular No. 30 of 2019 (the “Circular”)[1] on its…
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GAFI Publishes Several Investment-Related Licensing Guides
Over the course of the past weeks, the General Authority for Investment and Free Zones (“GAFI”) has been publishing a…
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A New Law Regulating Cashless Payments
Following discussions extending over a year under the auspices of the National Payments Council that is chaired by Egypt’s President,…
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The Supreme Committee for Advising on International Arbitration Cases
On 24 April 2019, the Prime Minister issued a decree amending the composition and powers of the Supreme Committee for…
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2019, April
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Egypt’s Referendum on the Constitutional Amendments
The start of this week witnessed voting by the nationwide and extraterritorial electorate in a referendum on the constitutional amendments…
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CBE Exempts Discounted Real-Estate Developer Receivables from Debt-to-Income Ratio
On 7 April 2019, the Central Bank of Egypt (“CBE”) issued rules on the exclusion of the discounted receivables (negotiable…
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FRA Decision for the Establishment and Licensing of Futures Exchanges
After amending the Capital Market Law by virtue of Law No. 17 of 2018 and the addition of specific provisions…
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