Government’s Measures to deal with the Current Global Economic Crisis
On Sunday, May 15, 2022, the Egyptian prime minister held an international press conference announcing a sweeping economic plan to deal with the current global economic crisis. The main focus of the plan is overhauling the business environment through licensing simplification, investment and tax incentives, an increase in private sector partnership, energizing the Egyptian stock […]
read moreNew Set of Reforms to the Capital Markets Law and its Executive Regulations
Amendments to the Capital Markets Law No. 95 for 1992 (the “CM Law”) and its Executive Regulations issued by Decree No. 135 for 1993 (the “CMLER”) have been introduced allowing for technology solutions to facilitate general shareholders’ meetings, introducing securitization of future cash flows, and ownership requirements for listed securities in specific regions in the […]
read moreEgypt Takes Steps to Modernize the Tourism Sector
With the Egyptian government being keen to achieve high competitiveness in the international tourism markets as part of its general direction to develop and stimulate investment, a number of new tourism legislations have been introduced. Their aims are to repeal old practices by reshaping and improving the licensing process and governmental operations within this sector. […]
read moreThe Executive Regulations of the Waste Management Law
The long-awaited executive regulations (the “Executive Regulations”) have been issued following almost two years since the issuance of the law promulgating the waste management law by virtue of Law No. 2022 for 2020 (the “WM Law”), in order to further explain, elaborate and add new elements to the framework of the WM Law. The Executive Regulations […]
read moreNew Rules Issued for Specific Regions in Sinai
In an effort to keep up with the pace of societal developments, two new decrees have been issued to exempt certain regions in Sinai (Dahab, Sharm Al Sheikh and the Gulf of Aqaba sector) from the application of the Integrated Development Law for Sinai Peninsula No. 14 for 2012. Presidential Decree number 128 for 2022 […]
read moreFRA to Implement New Fintech Law
In recent years, Egypt has been keen to stimulate investment in the fintech space and secure related transactions. The government took serious steps to set in place a legal framework governing the said sector. The Fintech Law No. 5 for 2022 (the “Law”) has been enacted and published in the Official Gazette on 8 February […]
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