Egypt's law drops lawsuits against unofficial businesses once licensed to encourage inclusion in official economy
- 05 May 2022 / News / 216 / 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.
MOROCCO - IMF Mission Highlights Moroccan Central Bank's Transparency Practices
- 28 December 2022
This mission, whose expertise and relevance of recommendations praised Bank Al-Maghrib, focused on examining the bank's transparency practices in five areas, relating to "Governance", "Policies", "Ope...
MOROCCO - Morocco Has Strong Inflation Fundamentals, Says Economy Minister
- 27 December 2022
"Morocco has long had the lowest inflation in the region, and has been able to minimize the impact of the crisis on the purchasing power of citizens despite a difficult economic situation in 2022," sa...
MOROCCO - Ambassador to AU Urges PAP to Ensure Full Participation of African Citizens in Continent's Development
- 20 December 2022
The PAP was established with a clear statutory mandate to ensure primarily the effective participation of African citizens in the economic integration and development of the continent, the Moroccan di...
MOROCCO-Morocco Opposes Modernity, Social Reality's Hopes to Fractures, Fears Expressed in Fragmented World - Azoulay Tells 'The Atlantic Dialogues'
- 19 December 2022
"Carried by the committed and proactive leadership of His Majesty King Mohammed VI, Morocco has chosen, in the land of Islam, to make the legitimacy and richness of all its diversity the central engin...
MOROCCO-Lower House Speaker Visits Austria to Strengthen Parliamentary Cooperation
- 16 December 2022
The visit of Talbi Alami is the first of a speaker of an Arab and African legislative body in the Austrian Parliament and comes to commemorate the 240th anniversary of Moroccan-Austrian relations, cel...