The General Authority for Investment and Free Zones (“GAFI”) introduced new key regulatory changes to the Egyptian Companies Law No. 159 for 1981 and its Executive Regulations (the “Companies Law”),…
In May 2019, the Central Bank of Egypt (the “CBE”) published the framework of its fintech regulatory sandbox (the “Framework”) for its innovative financial technology lab (the “IFTL”). This month,…
On 30 April 2019, Egyptians were surprised by the sudden exit of on-demand delivery service “Glovo”. The reasons behind such exit were unknown until the Egyptian Competition Authority (the “ECA”)…
On 24 April 2019, the Prime Minister issued Decree No. 1062 of 2019 (the “New Decree”) which was published in Egypt’s Official Gazette. The New Decree replaces Prime Minister Decree…
Over the course of the first quarter of 2019, a number of new regulations have been introduced in relation to the Capital Markets. The Financial Regulatory Authority (the “FRA”) has…
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