Author: Shehata & Partners

We, at Shehata & Partners Law Firm, have gained access to the prospective explanatory note for the bill concerning the incentives for green hydrogen projects in Egypt. Please find below an English translation of such an explanatory note: The Ministry of Electricity and Renewable Energy

On the 29th of October 2023, an amendment has been introduced with respect to the requirements for the registration of companies with the importers’ registry. In light of the above, the Egyptian official gazette has published Law No. 173 of 2023 (“the New Importer Registry

The Central Bank of Egypt (“CBE”) defined prepaid cards, in its Circular dated 8 May 2019 organising the Rules for Payment Services Using Prepaid Cards (the “Prepaid Cards Rules”), as electronic payment cards, where customers load funds in advance and can subsequently use them for

Consumer finance is a type of finance that allows consumers to purchase goods or services without having to pay the full amount upfront. Instead, the consumer agrees to pay for the purchase in instalments over a period of not less than 6 months. Such payments

By: Tasneem El-Naggar Introduction In the pursuit of fostering economic growth and development, Egypt has undertaken proactive efforts to attract both foreign and domestic investments. A pivotal stride in this direction materialized through the amendment of the Investment Law No. 72 for 2017 (the, "Investment

Written by Ibrahim Shehata  On the 4th of June 2023, several amendments have been introduced with respect to the requirements for establishing Private Free Zones under the Investment Law No. 72 for the year 2017 (Article (76) of the Executive Regulations). The Amendments: These amendments

On 28th of May, 2023, the Ministry of Trade and Industry published decree No. 149 of 2023 regulating the issuance of a temporary operating license for industrial facilities (“Decision”). The Decision sets out the rules and the procedures to be implemented in the application of

Written by Youssef Emam 1. Introduction The Egyptian Pound (“EGP”) has been suffering against the US Dollar (“USD”) recently. In this regard, it is estimated that the EGP has lost more than 50% of its value against the USD since March 2022. Notably, the EGP

The Egyptian Cabinet has approved a bill of law setting out a package of incentives for projects within the realm of Green Hydrogen production and ancillary industries. In this regard, the bill of law shall apply as follows: A. Projects Eligible to the Package of