Egyptian Prime Minister Mustafa Madbouly approved May 13 a decision to set up a free zone in the southwest of the New Aswan city. This comes as part of the government's plan for the development of cities in Upper Egypt to serve investors and create more jobs. Previously, the General Authority for Investment and Free Zones (GAFI)’s board of directors consented in February to set up this free zone. The conditions and regulations related to Investment Law No. 72 of 2017 clarifyi

"The new law provides legal authority for the electronic authentication of bank transactions, electronic payment orders, and transfer orders as well as for the electronic settlement of checks and the issuance and circulation of electronic checks and electronic discount orders, provided that Board of Directors of CBE issue rules and procedures regulating all the aforementioned actions." Source :www.coindesk.com

The government has referred amendments to laws regulating the performance of the Supreme Constitutional Court and other judicial authorities to parliament. The redrafted laws will be discussed by the Constitutional and Legislative Affairs Committee, Speaker Ali Abdel-Aal told MPs last week. The committee will also review new legislation establishing a Higher Council for Judicial Authorities. The list of draft amendments to be discussed includes changes to the law regulating t

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