Egypt Introduces the Rules Governing Digital Banking Licensing

November 4, 2023
On 12 July 2023, the Central Bank of Egypt (“CBE”) issued a circular (the “Circular”) regulating the requirements for licensing and registering Digital Banks in Egypt. The rules determined under the Circular allow e...

Egypt Removes Restrictions on Foreign Companies to Obtain Importation License

November 4, 2023
The Egyptian Importer Registry Law No. 121/1982 is amended to allow companies wholly owned by non-Egyptians to obtain an importation license and carry out importation business for trading purposes freely. The law pr...