El Sisi signs into law amendments to Companies Act

LEGISLATION WATCH- President Abdel Fattah El Sisi signed into law amendments to the Companies Act that tweaks how sole proprietorships are handled under the law The law, which was published on the Official Gazette on Wednesday, also contains corporate governance regulations that will give boards of directors the right to suspend a member who divulges corporate secrets. Also signed into law yesterday was the legislation establishing Egypt’s space agency, Ahram Gate reports.