Articles
First Meeting of Egypt’s National Wages Council: Key Decisions and Outcomes
February 14, 2025
Introduction On February 9, 2025, the National Wages Council (Council) held its first meeting under the leadership of Dr. Rania Al-Mashat, Minister of Planning and Economic Development and International Cooperation....
New Tax Incentives for SMEs: Understanding Egypt’s Law No. 6 of 2025
February 14, 2025
Introduction On February 12, 2025, the President of the Republic of Egypt enacted Law No. 6 of 2025. This law introduces a series of tax incentives and facilities aimed at supporting projects with an annual turnover...
Insights into Egypt’s New Regulations on Pharmaceutical Expiration and Returns
February 14, 2025
Q: What is Decree 39 of 2025 issued by the Egyptian Drug Authority? A: Decree 39 of 2025 is a regulation issued by the Egyptian Drug Authority (EDA) on February 13, 2025 setting specific guidelines for the importati...
Q&A on the New Rules for Handling Expired Pharmaceuticals
February 14, 2025
Introduction The Egyptian Drug Authority (EDA) has recently issued Decree No. 47 of 2025 (Decree), a pivotal regulation aimed at enhancing the management of expired pharmaceutical products. The Decree establishes cl...
Pharmaceutical Warehouses New Compliance Requirements
December 24, 2024
On December 22, 2024, Egypt’s government issued Decree No. 725 of 2024 concerning the Conditions and Procedures for Licensing Pharmaceutical Warehouses. This long-awaited legislation follows a six-month suspension o...
Egypt’s New Refugee Law: A Milestone in Regulation and Rights Protection
December 24, 2024
With a growing number of refugees seeking asylum in Egypt, Law No. 164 of 2024 (“the Law”) was enacted to establish a comprehensive framework for managing refugee affairs and safeguarding their rights. Officially pu...
NUCA Issues New Regulations on Land Ownership and Development in the Western North Coast
December 24, 2024
The Real Estate and Commercial Affairs Sector of the New Urban Communities Authority (NUCA) has issued official guidance to the Western North Coast Development Authority, outlining regulations on land ownership and...
Egypt’s Tax Reform Initiative: First Phase Announced
December 24, 2024
In October 2024, Egypt’s Ministry of Finance introduced a far-reaching tax reform initiative aimed at streamlining administrative procedures, expanding the taxpayer base, and fostering a more supportive environment...
FRA’s New Approvals for Ownership, Acquisition, or Merger of Non-Banking Financial Companies
October 31, 2024
On August 29, 2024, the Financial Regulatory Authority (FRA) issued Decree No. 178 of 2024, setting out a structured framework for approving ownership, control, acquisition, or merger of companies involved in non-ba...
Understanding Saudi Arabia’s New Real Estate Tax Law: Key Changes and Implications
October 29, 2024
On Tuesday, September 17, 2024 (14th of Rabi Al Awal 1446), the Cabinet of the Kingdom of Saudi Arabia issued Decree No. 239 of 1446, officially approving a new Real Estate Transactions Tax Law (“Law”). The Law was...
Egypt’s New Trade and Settlement Rules for Private-to-Private (P2P) Projects – A Pathway to Private Investment in Electricity
October 29, 2024
Egypt, in alignment with its Vision 2030, is actively promoting renewable energy investment through the Egyptian Electricity Utility and Consumer Protection Regulatory Authority (EgyptERA). In support of this goal,...
FRA Approves Egypt’s First SPAC and Establishes New Regulatory Framework
October 29, 2024
On September 25, 2024, the Egyptian Financial Regulatory Authority (FRA) marked a milestone by approving the country’s first Special Purpose Acquisition Company (SPAC) under Decree No. 2323/2024. This move comes on...
Guide to Egypt’s New Voluntary Carbon Market: A Corporate and Legal Perspective
October 29, 2024
Introduction On August 13, 2024, Egypt took a bold step toward sustainable investment by launching its first organized voluntary carbon market (VCM). The VCM is dedicated to the registration, issuance, and trading o...
New Saudi Commercial Register and Trade Names Laws: Navigating the Changes
October 29, 2024
Overview On October 4, 2024, the Saudi government issued Royal Decree No. (83/M), enacting the New Saudi Commercial Register and Trade Names Laws. Set to take effect 180 days after publication, these laws replace ex...
Egypt’s New Unified Insurance Law: A Transformative Step for the Insurance Sector
October 29, 2024
Egypt introduced the Unified Insurance Law No. 155 of 2024, marking a significant overhaul of the regulatory framework governing the insurance and reinsurance sector. This comprehensive law, which consists of 224 ar...
New Elderly Care Law: A Comprehensive Framework for Protecting Seniors’ Rights in Egypt
October 29, 2024
On April 4, 2024, Egypt enacted the Elderly Care Law No. 19 of 2024, effective immediately. This legislation targets individuals aged 65 and older, including expatriates residing in Egypt who meet their home country...
New Law Empowers Private Sector to Overhaul Healthcare in Egypt
October 28, 2024
On June 23, 2024, Egypt enacted Law No. 87, marking a significant shift in the country’s healthcare landscape by allowing private sector involvement in the establishment, management, and operation of healthcare faci...
Egypt Releases New Law for Green Hydrogen Incentives
February 4, 2024
A new law is issued in Egypt under number 2 for 2024 regulating the Incentives for Green Hydrogen Projects and Its Derivatives (the “Law”). The law comes into force as of 28 January 2024. The Law defined the green h...
Egypt Announces New Tax Incentives for Industrial Projects
February 4, 2024
Egyptian Cabinet issued Decree No. 77 of 2023 ("Decree") granting new tax incentives (“Tax Incentives”) to the industrial investment projects and their expansions. The Decree comes without prejudice to the recent in...
Egypt Establishes a New Authority for Intellectual Property
November 4, 2023
Law No. 163 of 2023 (“Law”) was issued on 6 August 2023 for the establishment of the Egyptian Authority for Intellectual Property (“IP Authority”). The IP Authority will have an exclusive and comprehensive competenc...
Egypt – Amendments to the Income Tax Law
November 4, 2023
The Income Tax Law No. 91/2005 (“Income Tax Law”) has recently witnessed major amendments by virtue of Amendment Law No. 30/2023 (issued on 15 June 2023) and Law No. 175/2023 (issued on 30 October 2023). These amend...
Egypt – Amendment to the Investment Law
November 4, 2023
With the aim of creating an attractive climate for investment and streamline investment procedures, the Egyptian government introduced important amendments to the Investment Law No. 72 of 2017 (“Investment Law”) by...
OVERVIEW OF THE EGYPTIAN LABOR LAW
June 30, 2023
Employment and labor relationships in Egypt are regulated by the Egyptian Labor Law No. 12/2003 and relevant Decrees (the “Labor Law”). The Labor Law was promulgated on 7 April 2003 consisting of 257 Articles includ...
Egypt – New Tokenization Regulations to allow contactless payments through smart phone
May 4, 2023
The Central Bank of Egypt (“CBE”) issued new regulations on 8 March 2023 to introduce “Tokenization” services and allow contactless payments through smartphones (the “Regulations”). Tokenization is a process of subs...