{"id":634536,"date":"2018-01-17T04:14:28","date_gmt":"2018-01-17T04:14:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/e-commerce-platforms-embrace-regulation-in-egypt\/"},"modified":"2018-01-17T04:14:28","modified_gmt":"2018-01-17T04:14:28","slug":"e-commerce-platforms-embrace-regulation-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/e-commerce-platforms-embrace-regulation-in-egypt\/","title":{"rendered":"E-commerce platforms embrace regulation in Egypt?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>E-commerce platforms embrace regulation in Egypt:<\/strong> Some of the largest e-commerce platforms operating in Egypt, among them Jumia and Amazon subsidiary Souq.com, have (at least publicly) expressed support for the government\u2019s drive to regulate their industry. Only 2% of Egypt's e-commerce market is regulated, with the rest being unregistered and un-taxed, Hisham Safwat, CEO of Jumia Egypt, <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2018\/01\/egypt-e-commerce-national-strategy-economy.html\">tells Al Monitor<\/a>. \u201cEgypt has a thriving e-commerce market but it lacks rules,\u201d said Souq.com Egypt CEO Omar El Sahy. Both appeared to look favorably on House Industry Committee member Ali El Kayal\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/11\/mp-presents-draft-law-to-regulate-e-commerce\/\">draft law to regulate the e-commerce industry<\/a> by implementing a tax framework for it. \u201cThe draft law submitted by Kayal targets entities that do not have headquarters on Egyptian territory or are not registered with the [authority],\u201d said Safwat, adding that the law will create a way to tax foreign companies\u2019 sales in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>E-commerce platforms embrace regulation in Egypt: Some of the largest e-commerce platforms operating in Egypt, among them Jumia and Amazon subsidiary Souq.com, have (at least publicly) expressed support for the government\u2019s drive to regulate their industry. Only 2% of Egypt's e-commerce market is regulated, with the rest being unregistered and un-taxed, Hisham Safwat, CEO of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634536","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"92e4f7d5-aa58-4b28-b2ec-cf457c7ef69a","order":"0","is_powered_by":true,"section_story_id":"fc4ce158-9b2a-4c7d-a4e7-58a6fb68c82a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634519],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>E-commerce platforms embrace regulation in Egypt? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/e-commerce-platforms-embrace-regulation-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E-commerce platforms embrace regulation in Egypt?\" \/>\n<meta property=\"og:description\" content=\"E-commerce platforms embrace regulation in Egypt: Some of the largest e-commerce platforms operating in Egypt, among them Jumia and Amazon subsidiary Souq.com, have (at least publicly) expressed support for the government\u2019s drive to regulate their industry. Only 2% of Egypt&#039;s e-commerce market is regulated, with the rest being unregistered and un-taxed, Hisham Safwat, CEO of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/e-commerce-platforms-embrace-regulation-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-17T04:14:28+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/e-commerce-platforms-embrace-regulation-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/e-commerce-platforms-embrace-regulation-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"E-commerce platforms embrace regulation in Egypt?\",\"datePublished\":\"2018-01-17T04:14:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/e-commerce-platforms-embrace-regulation-in-egypt\/\"},\"wordCount\":154,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/e-commerce-platforms-embrace-regulation-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/e-commerce-platforms-embrace-regulation-in-egypt\/\",\"name\":\"E-commerce platforms embrace regulation in Egypt? 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Hegazi, who\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625118,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/e-commerce-act-to-be-ready-in-1h2019\/","url_meta":{"origin":634536,"position":1},"title":"E-commerce Act to be ready in 1H2019","author":"enterpriseam admin","date":"27 September 2018","format":false,"excerpt":"LEGISLATION WATCH- E-commerce Act to be ready in 1H2019? Legislation to regulate e-commerce currently being drafted by the CIT Ministry will be ready to present to the Madbouly Cabinet in 1H2019, CIT Ministry official Mohamed Hegazy said at the E-commerce Summit in Egypt on Wednesday, according to Amwal Al Ghad.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645971,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/01\/huawei-egypt-halts-supplies-to-e-commerce-platforms\/","url_meta":{"origin":634536,"position":2},"title":"Huawei Egypt halts supplies to e-commerce platforms","author":"enterpriseam admin","date":"1 June 2017","format":false,"excerpt":"Huawei Egypt stopped the direct supply of its products to online retailers including Jumia and Souq.com, accusing them of \u201cburning prices,\u201d sources tell Al Borsa. 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