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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…
Banking Act to impose term limits on board members at state-owned banks
LEGISLATION WATCH- Banking Act to impose term limits on board members at state-owned banks: The new draft Banking Act would,…
Egypt’s Cabinet approves new NGOs Act to replace contentious 2017 law
CABINET WATCH- Cabinet approves new NGOs Act: The Madbouly Cabinet approved at its weekly meeting a final draft of the…
Egypt’s cabinet IDSC denies 18% tax on social media advertising
Gov’t denies 18% social media ad tax is already in place, but says it is working on a 15-20% levy:…
Federation of Egyptian Chambers of Commerce requests changes to Mineral Resources Act amendments
The Federation of the Egyptian Chambers of Commerce’s quarries division presented to the House Industry Committee its requests for changes…
CBE boss presents draft Banking Act to cabinet
LEGISLATION WATCH- Central Bank of Egypt Governor Tarek Amer presented to the Cabinet economic group yesterday an amended draft of…
Egypt’s Investment Act amendments get committee-level approval
LEGISLATION WATCH- Companies looking to do follow-on investment could qualify for the same incentives as a new project: The House…
Egypt’s parliament gives preliminary nod to 15% increase in military pensions
The House of Representatives' general assembly approved yesterday the text of a draft law to raise military pensions by 15%,…
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