Category: Legal Updates

April 24th, 2024
Legal Updates

New minimum wage for private sector employees in Egypt

In an attempt to improve workers’ productivity and general welfare, the National Wages Council approved a decision to raise the minimum wage for employees working in the private sector by 71% starting 1 May 2024....

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April 16th, 2024
Legal Updates

Egypt Issues New Merger Control Regime Under the Executive Regulations of the Competition Law

On 4 April 2024, the Egyptian Prime Minister issued Decree No. 1120 of 2024 (“Decree“) introducing significant amendments to the Executive Regulations of the Egyptian Competition Law (Law No. 3 of 2005 concerning the Protection...

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April 7th, 2024
Legal Updates

Egypt’s Cabinet Approves New Executive Regulations for Revised Competition Law

The Cabinet of Ministers in Egypt has granted approval for the Executive Regulations (“Amended Executive Regulations”) accompanying the newly revised Egyptian Competition Law (“Egyptian Competition Law”), marking a significant milestone in the legislative evolution of...

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April 4th, 2024
Legal Updates

The Kingdom of Saudi Arabia Accelerates AI Investment with $40 Billion Fund

In a bold move reflecting its role as “market maker” and leader in the development, and deployment, of artificial intelligence (“AI”), the Kingdom of Saudi Arabia (“Saudi Arabia“) plans to create a US$40 billion fund...

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April 1st, 2024
Legal Updates

OVERVIEW ON THE NEW DECREES REGULATING AGENCIES IN UAE – SERIES 1

INTRODUCTION: The Minister of Economy in the United Arab Emirates (“UAE“) has issued a couple of decrees regulating agencies’ activities and framework in the UAE. These are Decree No. (214) of 2023 on Registration of...

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March 28th, 2024
Legal Updates

Understanding New principle released by Egyptian Court of Cassation/ Appeal No.169 of Judicial year 90

In the Egyptian legal system, evidence law principles form the basis of fair trials and justice. Central to this system is the rule of burden of proof, which delineates the responsibility of parties to prove...

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March 25th, 2024
Legal Updates

Taxation of Foreign Banks in Dubai: A Continuation of the Status Quo

The core of this update is the clarification provided by the Dubai government regarding the taxation of banking profits. This new decree does not introduce a new tax. On the contrary, the critical takeaway is...

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March 24th, 2024
Legal Updates

Combating Anti-Competitive Practices in Egypt’s Telecommunications Sector Egypt

In the realm of enforcing the provisions of the law and confronting monopolistic practices, the Egyptian Competition Authority (“ECA“) has taken action against a telecommunications company for abusing its dominant position by forcing customers to...

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March 20th, 2024
Announcements

Press Release: New Data Sovereignty Draft Public Policy

The Saudi Data and Artificial Intelligence Authority (“SDAIA”) has announced the release of its Data Sovereignty Public Policy Paper (the “Policy”), which outlines, inter alia, the regulator’s sentiments on data sovereignty principles. The Policy was...

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