Egypt

In November 2011 Moody’s ratings agency downgraded five of Egypt’s largest banks, attributing its decision to concerns surrounding their exposure to sovereign debt and the ability of the transitional government to support the banking system in the event of a significant deterioration of their position. The development came as a reminder that,...

Much has been made of the government’s reliance on the domestic banking sector to fund its fiscal obligations in the wake of the 2011 uprising. The stream of high-yield T-bills has proved such an effortless and lucrative line of business to the nation’s lenders that the private sector – with the exception of the blue chips – has been crowded out of...

Egypt has recently undergone a series of major political developments, and the country is now facing a number of economic challenges. Just as the revolution brought about fundamental political change and lifted the country from its state of stagnation, it was also a direct cause for interruptions in commercial activity, which led to a prolonged...

The Mamluks, who descended from non-Arab slaves who were naturalised to serve and fight for ruling Arab dynasties, are revered as some of the greatest warriors the world has ever known. Although the word “mamluk” translates as “one who is owned”, the Mamluk soldiers proved otherwise, gaining a powerful military standing in various Muslim...

In the following, we aim to clarify the laws relevant to businesses operating in Egypt. To this end, we shall focus on the corporate, labour, investment, and property laws of the country.

Egyptians have a great enthusiasm for association football, borne of a long history of the sport in the country, the success of the national team and the intense rivalry that characterises the game at the domestic level. Paintings on Ancient Egyptian temples depict balls being kicked. The modern game arrived around the 1880s, when Egyptians...