The Suez Canal Authority (SCA) announced last week the successful floating of the ultra-large Ever Given ship which blocked the Suez Canal and led to the suspension of the navigation in a key artery for global trade for six days. The SCA announced yesterday that the navigation movement at the Suez Canal is back to … Read more
Legal Updates1 Special Labor & Employment Issuance The New Normal – Remote Work and the Future of Employment & Labor Laws in Egypt New measures to link Social Insurance with Payroll Tax in Egypt Work Injury and Death Claims Due to Covid-19 in Egypt New Increase in the Social Insurance Salary in Egypt Egypt’s Personal … Read more
On 29 March 2021, the Social Insurance Authority in Egypt has issued a circular whereby the tax registration number of a company or entity will be recorded in the electronic social insurance system. Employers and companies are given six months grace period to comply with the new requirements; in the meantime, they are required immediately to display their tax registration number in all correspondence and documents submitted to the Social Insurance Authority.
The digital transformation and prevalence of online technology have created new work models; the workforce is becoming mobile and employees are becoming able to do their jobs from anywhere through digital means of communication. Such work models break the traditional rule of strict adherence and commitment to workplaces and provide more flexibility to employees. The global COVID-19 pandemic has fundamentally accelerated the widespread of these new work models.
In July 2015, a new law for electricity has been issued (Law no. 87 of 2015) to regulate all electricity activities with the aim of replacing the current single buyer model and establishing a fully competitive electricity market where electricity generation, transmission and distribution activities are fully unbundled
With the outbreak of the second wave of Covid-19 in Egypt, the government has issued a number of decisions and adopted certain measures to prevent the spread of virus.
The Central Bank of Egypt (CBE) decided a number of measures aiming at facilitating online transactions and reducing dealings with cash.