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Egypt

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Cases involve abuse of dominance relating to retail price maintenance (RPM) and “Most Favoured Nation” (MFN) clauses In brief In two recent cases, the Egyptian Competition Authority (ECA) issued infringement decisions against two dominant companies. In the first case, the ECA established that a company operating in the yeast industry has abused its dominance in a number of ways, including restricting passive sales between distributors and also engaging in retail price maintenance (RPM). In another…

In brief The Government of Egypt has now expressly recognized the production, storage and export of green hydrogen and green ammonia among the areas falling within the state’s economic development strategy. It has also passed a decree that would allow green hydrogen and green ammonia projects to benefit from a wide range of state support under the country’s existing Investment Law No. 72 of 2017 (“Investment Law”), including tax incentives. This is a key development…

On 16 March 2022 in Cairo, Egypt, members of the Arab Competition Network (the “ACN”) held their first conference to launch this new network. This alert provides a high-level presentation of the ACN, as well as an overview of its mission and goals. Background and Goals of the ACN The ACN is a product of the efforts and collaboration of the Arab League and the Egyptian Competition Authority. The ACN aims to provide a platform…

In brief In a significant development, the National Council for Wages has finally set the long awaited salary thresholds applicable to the private sector: Minimum wage: EGP 2400 per monthMinimum annual salary increase: 3% per year These changes which are implemented by virtue of decree No. 57 of 2021 will apply as of 1 January 2022. What has changed? Effective January 2022: All companies must ensure that their employees receive no less than EGP 2,400…

In brief Across the globe, transfer pricing disputes have increased following a waterfall of changes, e.g., BEPS, increased transparency, global compliance obligations, intangibility of value creation and digitized taxation. The pandemic added its synchronized impact by provoking countless economic and social ripples on the already turbulent waters. Against this backdrop, the Middle Eastern economies are battling lower oil prices and budget deficits, which in turn increase the pressure for fiscal receipts. In the last couple…