The world is facing a severe economic crises due to the continued impact of COVID-19 and the outbreak of the Russian-Ukraine war. This has resulted in the rise in inflation rates in 121 countries, including Egypt.
Egyptian Prime Minister Dr. Mustafa Madbouli has recently announced the Egyptian State’s plan to deal with the global economic crisis. The government has adopted measures to handle said crisis, as well as a package of other measures to lessen their effects on the Egyptian citizen. The cost is estimated at EGP 130 billion (appx. USD6.7 billion).
In this regards, Egypt’s legal professionals, both in-house and private practice lawyers, will work hand in hand in order to provide the best legal services to local and international investors, ensuring the achievement of the highest calibre outcomes.
LegalcommunityMENA sat down with Ziad Bahaa-Eldin, managing partner at Bahaa-Eldin Law Office in cooperation with BonelliErede (pictured left), Mahmoud Shaarawy, chief legal & compliance officer at HSA Group (pictured center) and Mohamed Elmogy, regional lead counsel Middle East and North Africa at Siemens Energy (pictured right); who provided a brief insight into the Egyptian Legal market as well as the new reforms and investment factors.
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