Publications
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...
Investment Opportunities in Egypt’s 2025 IPO Program
December 24, 2024
The Government of Egypt (GoE) has unveiled an ambitious Initial Public Offering (IPO) Program for 2025, presenting a unique opportunity for strategic investors to participate in the privatization of 10 state-owned e...
RR NEWSLETTER ISSUE 33
November 1, 2024
Legal Updates1 Merger & Acquisition New Law Empowers Private Sector to Overhaul Healthcare in Egypt FRA Approves Egypt’s First SPAC and Establishes New Regulatory Framework Insurance Egypt’s New Unified Insuranc...
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...
Riad & Riad Sponsors MENA Employment Summit 2024 — Dr. Eman Riad to Lead Session on Workplace Internal Investigations
October 29, 2024
We are delighted to announce Riad & Riad’s sponsorship of the MENA Employment Summit, taking place on November 21, 2024, in Dubai. This summit will gather regional leaders in employment law and human resources f...
Riad & Riad Sponsors Sharm El Sheikh IX on the Role of Courts in International Arbitration
October 29, 2024
We are pleased to announce that Riad & Riad is a sponsor of Sharm El Sheikh IX conference organized by CRCICA. Sharm El Sheikh IX is an internationally recognized conference focused on the evolving Role of Court...
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...
RR NEWSLETTER ISSUE 32
April 23, 2024
Legal Updates1 Merger & Acquisition Egypt’s Pre-Closing Merger Control Regime Enters into Effect Employment Egypt Raises Minimum Salary of For Private Sector by 60% Technology Establishment of Technologist Syndi...
Riad & Riad Sponsors Cairo University team in Price Media Moot Court Competition held at the University of Oxford
April 18, 2024
As part of our firm's commitment to corporate social responsibility, we are excited to support the next generation of legal talent as they showcase their skills on an international stage. The Price Media Moot Court...
Riad & Riad Continues to be Ranked as Top Tier Law Firm by Legal500
April 17, 2024
Our Project Development and Construction practice as well as our Employment practice are ranked Tier 1 in the 2024 edition of Legal500 EMEA! Congratulations to the whole team, in particular Dr. Fatma Salah and Dr. E...
Temporary Entry of Free Zone Equipment and Tools
April 17, 2024
On the 25th of March 2024, the Cabinet of Ministers issued Decree No. 24 of 2024 ("Decree") allowing free zone companies to have its tools, supplies, machines, equipment, devices, and means of transportation (...
Egypt’s Pre-Closing Merger Control Regime Enters into Effect
April 16, 2024
Egypt amended its Protection of Competition and Prohibition of Monopolistic Practices Law No. 3 of 2005 (“Competition Law”) on 29 December 2022. The amending law No. 175 of 2022 (“Amendment Law”) introduced the long...
Egypt Raises Minimum Salary of For Private Sector by 60%
April 16, 2024
For the third time during the last couple of years, the Egyptian National Council for Salaries (“Council”) decided an approximate 60% increase in the minimum salary of private sector employees. Minimum Salary as of...
Establishment of Technologist Syndicate in Egypt
April 16, 2024
Last February Law No. 13/2024 was issued deciding the establishment of an independent syndicate for technologists (the “Law”). The need to establish a syndicate for technologists (the “Syndicate”) grows after the is...
Riad & Riad successfully completed transferring the workforce of one of world’s largest visa outsourcing and technology services companies in Egypt
April 15, 2024
R&R has successfully completed transfer of the workforce of one of the world's largest visa outsourcing and technology services companies in Egypt. The transfer of the company’s staff took place as part of a bus...
RR NEWSLETTER ISSUE 31
February 6, 2024
Legal Updates1 Energy Egypt Releases New Law for Green Hydrogen Incentives Investment Projects Egypt Announces New Tax Incentives for Industrial Projects R&R News Riad & Riad scores a victory in a US$ 34.5 C...
Riad & Riad has been shortlisted as Employment Law Firm of the Year
February 4, 2024
We are thrilled to announce that Riad & Riad has been shortlisted in the Legal 500 MENA Awards 2024 as the Employment Law Firm of the Year. Also, our Partner Dr. Eman Riad has been shortliste...