In brief The Central Bank of Egypt (CBE) recently published regulations pertaining to payment cards tokenization on electronic device applications (“Tokenization Regulations”) which came into force on 8 March 2023. The Tokenization Regulations will effectively allow for contactless payments through mobile applications including some operated by major mobile payment service providers. The said regulations impose regulatory and licensing requirements on banks and non-bank parties participating in the provision of tokenization services for payment cards. Key…
Latest Posts
- UAE: Key highlights of the corporate tax law
- Egypt: New regulations on payment cards tokenization on electronic device applications
- Egypt: The end of USD LIBOR – what’s next?
- UAE: New VAT recordkeeping requirements for e-commerce transactions
- Saudi Arabia: VAT refund for non-resident taxpayers
- UAE: MOHRE extends grace period for contract conversions in the UAE
- Saudi Arabia: Amendments to CMA Implementing Regulations
- UAE: A new Commercial Agencies Law that opens the door for early termination or expiry of commercial agencies on their terms
- UAE: Abu Dhabi Global Market publishes Healthcare Regulations
Recent
Egypt: The end of USD LIBOR – what’s next?
By Mohamed Elharmy, Lamyaa Gadelhak and Victoria Long 5 Mins ReadIn brief The USD LIBOR interest rate benchmark, used globally in a range of financial instruments, will cease…
In brief The need for the Tax Authorities to have better control and oversight on e-commerce transactions and…
Saudi Arabia: VAT refund for non-resident taxpayers
By Reggie Mezu, Tina Hsieh and Trusha Makan 4 Mins ReadIn brief In February 2023, the Kingdom of Saudi Arabia (“KSA”) Tax Authority released a Tax Circular outlining…
Under Federal Decree Law No. 33 of 2021 and its executive implementing regulations (“New Labour Law”) which entered…
On 19 January 2023, the new Companies Law entered into force following the conclusion of the 180-day publication…
In brief Following rounds of consultation, the United Arab Emirates (UAE) has issued the new and much anticipated…