The future of Egypt’s banking laws

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The future of Egypt’s banking laws

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Mohamed Hashish of Soliman Hashish & Partners reviews Egypt’s New Draft Banking Law, which is making its way into the market at the behest of the Central Bank of Egypt. The law diverges substantially from the existing regime

Egypt is one of the three largest economies in Africa and is strategically positioned at a crossroads between east and west, making it a significant player in international trade in the Middle East and Africa (MENA) region. It is also home to the Suez Canal, a key artery in global trade that connects the Mediterranean Sea with the Red Sea.

Egypt’s total area is 1,010,408 square kilometres, including 995,450 square kilometres of land and 6,000 square kilometres of water. According to the Egyptian Central Agency for Public Mobilization and Statistics, the population grew to over 100 million in 2020, divided among 27 governorates, 217 cities and 4,617 villages. Governorates

with the highest population are Cairo (10.8%), Giza (8.6%) and Sharqiyya (7.4%). Click Here to read on.

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