Legal Framework of Digital Banking in Egypt

November 14, 2021
What is a Digital Bank? A digital bank is a bank with technology-enabled business model which provide its services remotely with limited or no branch infrastructure. Alternative terms used by market participants are...

Egypt Makes Covid-19 Vaccine Mandatory

October 10, 2021
The Egyptian Council of Ministers issued an official circular (the “Circular”) this week ordering all the ministries in Egypt to issue a regulatory decision to prevent their workers from entering workplaces unless t...

The New E-Invoice System in Egypt

September 26, 2021
Introduction As part of Egypt’s digital transformation, the Minister of Finance issued Decree no. 188/2020 in March 2020 to require VAT taxpayers to issue e-invoices. This Decree has delegated the Chairman of the Eg...

New Customs Law in Egypt: the Advance Cargo Information System

September 26, 2021
Introduction In implementation of the Customs Law no. 207 of 2020 and its executive regulations issued by Decree no. 430 of 2021, the Egyptian Customs Authority started the implementation of a new system for customs...

Payment of Salaries and the New Law Regulating “Non-cash Payment Methods” in Egypt

September 14, 2021
State authorities and public sector entities are required - by virtue of Law No. 18/2019 regulating Non-cash Payment Methods  (the “Law”) - to execute payments of their employees, board members, service provide...

New Decree on Minimum Salary and Annual Increment

September 13, 2021
The Egyptian Minister of Planning and Industrial Development issued the long debated decree to set the minimum salary for private sector in Egypt. According to the decree the minimum salary of private sector employe...

The Suez Canal Blockage – Liability Issues under Egyptian Law

April 1, 2021
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...

New measures to link Social Insurance with Payroll Tax in Egypt

March 30, 2021
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 co...

Work Injury and Death Claims Due to Covid-19 in Egypt

March 16, 2021
The Egyptian Social Security Law No. 148/2019 (the “Law”) defines “work injury” as any injury caused by an accident occurred during the performance of work or resulting from it.
Egypt social insurance

New Increase in the Social Insurance Salary in Egypt

March 16, 2021
The new Social Insurance Law No. 148/2019 in Egypt (which came into force in January 2020) has introduced – for the first time - the concept of the Unified Social Insurance Salary and cancelled the traditional disti...

Egypt’s Personal Data Protection Law – An Employment & HR Perspective

February 28, 2021
The Egyptian Data Protection Law No. 151/2020 (the “Law”) came into effect in October 2020. The executive regulation of the Law is expected to be issued by April 2021. Companies are given twelve 12-month grace perio...
covid-19 update

Covid-19 Update – January 2021

January 10, 2021
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. Banking Sector The Central Bank of Egypt (CBE)...

Reconstitution of the National Council for Salaries – A Step towards Setting a Minimum Salary for Private Sector Employees

January 3, 2021
The National Council for Salaries (the “Council”) was first constituted in 2003 in accordance with Article (34) of the Egyptian Labor Law No. 12/2003. The Council is competent to determine the minimum salaries and t...

Riad & Riad represents the Italian energy group Eni in the significant deal to reopen Egypt’s Dammietta LNG plant

January 2, 2021
Riad & Riad represents the Italian energy group Eni in the significant deal reached with Spanish gas firm Naturgy and Egyptian partners to resolve disputes over Damietta liquefaction plant in Egypt. The agreements r...

Riad & Riad won a claim against the Egyptian Notary Public for the refund of unduly collected notarization fees

December 28, 2020
Riad & Riad has successfully represented a leading multinational food manufacturing company in connection with a claim against the Egyptian Notary Public Authority for the refund of unduly collected Notarization Fee...

Egypt – New Law Regulating Advertisement in Public Roads

December 26, 2020
Introduction A new law is issued in Egypt regulating the Advertisements on Public Roads (the “Law”). The Law comes under No. 208 for 2020 and comes into effective as of 2 December 2020.

Egypt’s New Unified Tax Procedures Law

December 26, 2020
On 19 October 2020, the Unified Tax Procedures Law No. 206 of 2020 (the “Law”) was issued to introduce unified tax procedures or assessment and collection of the direct and indirect taxes. The Law also establishes t...

Egypt– New Approval Required for Government Contracts and Arbitration Agreements

December 26, 2020
The Prime Ministerial issued Decree 2592 of 2020 (“Decree”) to prohibit all governmental entities and state-owned companies from concluding any contract with a foreign investor or agreeing to arbitrate without first...

مطلوب محامي مقبول أمام محاكم الاستئناف

October 26, 2020
يعلن مكتب رياض ورياض للمحاماة والاستشارات القانونية عن حاجته لمحامِ مقيد أمام محاكم الاستئناف.

Hydrogen Projects

October 4, 2020
Riad & Riad has delightedly contributed to CMS Expert Guide to Hydrogen – The Promise of Hydrogen: An International Guide by authoring the Egyptian chapter.

New Licensing Requirement for Food Importation in Egypt

October 4, 2020
The National Food Safety Authority (“NFSA”) issued Decree No. 6/2020 (the “Decree”) to regulate importation of food in Egypt and ensure safety and quality thereof.

Merger Fee on Solar Net-metering

October 4, 2020
The Egyptian Electricity Utility and Consumer Protection Regulatory Agency (EgyptERA) announced that it will apply a ‘merger fee’ to net-metered solar systems. The fee will be EGP 0.10-0.40/kWh on net-metered solar...

Egypt imposes entry visa fees on GCC citizens

July 13, 2020
The Egyptian Minister of Interior issued Decree No. 951/2020 to impose entry visa fees on citizens of the Gulf Cooperation Council (GCC) countries (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain and The Sultana...

E-Learning in Public Universities

July 13, 2020
In the light of the precautionary measures adopted by the Egyptian government to combat the spread of COVID-19 pandemic, the Egyptian Prime Minister issued Decree No.1200/2020 to allow public universities to teach t...