Egypt's law drops lawsuits against unofficial businesses once licensed to encourage inclusion in official economy
- 05 May 2022 / News / 359 / Fares RAHAHLIA
CAIRO – 4 May 2022: As part of Egypt’s endeavors to encourage the integration of unofficial economy projects into the official economy, the law stipulates lawsuits against such businesses are halted once they obtain a temporary license.
Article 80 says that all penalties are suspended for as long as the duration of the temporary license and are ultimately dropped once the legal conditions of the businesses are reconciled.
Article 80, however, does not apply on businesses that included significant risks to security, the environment, the safety or health of people, or if their transfer to the official economy conflicts with public interest.
The Institute of International Finance confirms that its annual meeting will be held in Morocco
- 26 September 2023
he Institute of International Finance confirmed that it will go ahead with holding its annual meeting in Marrakesh on October 12 and 14, following the decision of the International Monetary Fund and t...