Latest in Tag: regulations Highlight
Latest in Tag: regulations
Religious Endowments Ministry announces regulations for reopening mosques
Toilets remain closed, worshipers to wear face masks and bring personal prayer mats
Uber pledges to its customers to comply with ECA regulations
The company sent a full copy of the obligations and controls it pledged to the ECA to all its customers, allowing them to read the fine print.
Petroleum Ministry to present Mineral Wealth Law’s executive regulations to cabinet for ratification in November
New mineral exploration projects are expected early next year
Conflicting views in automotive sector about Consumer Protection Law’s regulations
Experts and workers in the automotive sector in Egypt had conflicting opinions on the executive regulations of the Consumer Protection Law No. 181 of 2018, which was issued by prime minister in early April. The law provides the right for customers to replace or return any item without giving any reasons or bearing any expenses …
CBE amends import regulations
The CBE said the new decision attempt to address the need for expediency when dealing with the geographic dimensions of food items
Customs regulations present a few unexpected challenges to DHL’s operations in Egypt
In an interview with Daily News Egypt, Nour Suliman, Chief Executive Officer of DHL Express Middle East and North Africa,focused on the future plan of DHL in Egypt, and the challenges it has to overcome to realize the growth targeted in 2016. What does your company predict for the investment atmosphere of the Egyptian …
Banks criticise CBE’s FX Auction regulations
The regulations were a new shock to banks that did not obtain dollars from the CBE
Parliament introduces new members to regulations
Members of Parliament objected during the induction meeting, which was held in the former Shura Council, to a rule that state that their newly-issued passports can only be used for special tasks in which they will represent Egypt abroad by virtue of an assignment letter from the head of the parliament
Investing in Suez Canal zone facilitated by law-sponsored advantages
In the Suez Canal zone, investors will be subject to 5% income tax, versus 10% – 20% outside the SEZONE
Egypt’s economy needs FDI push for its flat battery: British Ambassador
British investors demand fair treatment from government, competition to be opened up in private sector, says Casson
Egypt, EU twinning agreement to reach full potential in 24 months
EgyptAir still studying financing air fleet increase from 81 to 125 aircrafts
Amended law empowers NCHR members during prison visits
“NCHR to start inspection with Tora Prison next week,” says member
New civil service law accelerates recruitment, promotion
Council to be entitled to improve civil service
Piraeus Bank Egypt to focus on energy projects financing
Piraeus Bank in Egypt is targeting the financing of major projects during the Economic Summit this month. Naira Amin, Chief Executive and Managing Director of Piraeus Bank Egypt, said the bank is giving special attention to joint finance projects proposed by the Egyptian government in the summit. Amin added that financing will be led by …
Housing projects, land offered at month’s end: Minister of Housing
Allocation of EGP 28bn underway for new housing budget
Electoral Commission issues decree regulating NGOs monitoring of elections
Organisations will be allowed to monitor all procedures for listing candidates, distributing electoral propaganda, casting votes, counting votes and declaring results.
Committee to determine ministries’ coal monitoring responsibilities
Egyptian ministers seeking to maximise the reliance on RDF and agriculture waste, along with coal, in energy mixture
Egypt to implement new rules for companies on Stock Exchange
New regulations will be implemented to help boost trading on the bourse and attract more investment
New plans to formalise street trading: Minister of Supply
Ministries of Supply and Interior collaborate on a plan to create a formal market
Soaring Compliance Costs Clip Wings of Mideast, African Banks
Rectifying these mistakes costs banks and their customers both time and money and highlights the rapidly increasing compliance costs which lenders in the Middle East and Africa must deal with.
EFSA will no longer approve GDR acquisitions
New regulations from the Egyptian Financial Supervisory Authority will not apply to OCI’s recent deal with OCI NV
A reform package for the Islamic banking and finance sector proposed for the new year
The goal of the package is to create an environment conducive for Islamic banks to operate
Telecom Egypt employees sceptical of new appointment
Employees of Telecom Egypt have met the appointment of the company’s new non-executive chief officer, Omar El-Sheikh, with muted approval. “I am neutral towards the appointment but hopefully he might meet our expectations,” the president of Telecom Egypt independent workers syndicate, Mohammed Helmy, said. Omar El-Sheikh was public relations director at Vodafone Egypt, he has …
EFSA restructuring complete
The Egyptian Financial Supervisory Authority (EFSA) has finalised the procedures of bringing the Mortgage Finance Authority, the Egyptian Stocks Exchange (ESE) and the Private Insurance Funds under one supervisory body, state-owned news agency MENA has reported. As a result of the merger, all non-banking financial operations including mortgage financial affairs, leasing, factoring, securitisation, insurance activities …
EFSA enact new regulations for changing stocks’ closing price
Chairman of the Egyptian Financial Supervisory Authority (EFSA), Ashraf El-Sharqawy, approved new regulations for changing stocks’ closing price, suggested by Egypt’s Stock Exchange (ESE) board of directors, in order to stem closing price manipulations that delay trading operations. The new regulations stipulate that in order to change a stocks’ closing price, the number of shares …