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Is Egypt’s Electricity Ministry on a privatization drive?
Is the Electricity Ministry on a privatization drive? The Egyptian Electricity Holding Company (EEHC) could sell stakes in its electricity…
Crypto businesses will need to obtain licenses under proposed Banking Act
LEGISLATION WATCH- Aspiring crypto businesses are going to need licenses: Companies looking to establish digital currency and cryptocurrency platforms will…
JICA promises USD 250 mn in finance for Egypt’s universal health insurance scheme
The Japan International Cooperation Agency (JICA) has promised a USD 250 mn loan to help finance the state’s health insurance…
State Council to complete reviewing customs and SMEs acts this week
LEGISLATION WATCH- Maglis El Dawla to finalize review of draft customs and SMEs acts this week: The Council of State…
Egypt’s market regulator to review draft Insurance Act after Eid break
LEGISLATION WATCH- Market regulator’s board to review draft Insurance Act after Eid break: The Financial Regulatory Authority’s (FRA) board of…
Egypt’s FRA to bring SME financing under 2014 microfinance law
LEGISLATION WATCH- FRA to bring SME financing under 2014 microfinance law: Dedicated SME lenders including finance companies and NGOs could…
Executive regs for new tax treatment of banks, corporations out in Official Gazette
LEGISLATION WATCH- Banks now know how they’ll calculate the cost of investment in treasuries under changes to the tax code:…
Commercial banks could see capital requirements rise tenfold under Banking Act amendments
LEGISLATION WATCH- Capital requirements for commercial banks could rise tenfold to EGP 5 bn under proposed amendments to the Banking…
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