Economy

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  • Category : Economy
  • CGT suspended for 2 years to maintain market competitiveness

    Date: 2015-05-18 08:23:12 GMT - Egypt - Economy - SN:12 - ID:2610285

    CAIRO, May 18 (MENA) - The Egyptian government has decided to suspend the Capital Gains Tax (CGT) for two years to maintain the competitiveness of the market. The decision came as part of non-stop efforts to achieve economic reform while taking ....

  • Global (1): Al Gosaibi Announces Details of Proposed Settlement Terms

    Date: 2015-05-18 07:15:02 GMT - Kingdom of Saudi Arabia - Economy - SN:8 - ID:2609825

    Global-PRNewswire- MENA 18-5- 2015 KHOBAR, Saudi Arabia, May 18, 2015 /PRNewswire/ -- After extensive negotiations between Ahmad Hamad Algosaibi & Brothers ("AHAB" or "the Company") and the Steering Committee "SteerCo", the Company is pleased to ....

  • Egypt export over 436,000 tons of cotton

    Date: 2015-05-17 17:14:30 GMT - Egypt - Economy - SN:93 - ID:2607817

    ALEXANDRIA, May 17 (MENA) – Egypt exported 436,780 tons of cotton this season to several countries, said the head of the Egyptian cotton exportation union on Sunday. These countries include India, Pakistan, China, Turkey and Italy, said Mofreh ....

  • Investment min., Azerbaijani amb. discuss boosting bilateral ties

    Date: 2015-05-17 16:19:58 GMT - Egypt - Economy - SN:86 - ID:2606697

    CAIRO, May 17 (MENA) - Investment Minister Ashraf Salman discussed Sunday with Azerbaijani Ambassador to Egypt Shahin Abdullayev ways of boosting investment ties between the two countries and increasing cooperation in issues of joint interest. ....

  • Egypt bourse down, index loses 0.51 %

    Date: 2015-05-17 16:03:35 GMT - Egypt - Economy - SN:84 - ID:2607197

    CAIRO, May 17 (MENA) - The Egyptian Exchange (EGX) closed on Sunday down amid selling operations by Egyptian and Arab investors and purchases of foreign investors after a report issued by international rating agency Standard and Poor's, which raised ....

  • Strategy to double Egypt's exports in 2018/19 FY - minister

    Date: 2015-05-17 15:59:41 GMT - Egypt - Economy - SN:83 - ID:2606497

    CAIRO, May 17 (MENA) - The Trade and Industry Ministry will announce a strategy to double Egypt's exports to 42 billion dollars during the 2018/2019 fiscal year within the upcoming few hours, said Minister Mounir Fakhry Abdel Nour. Speaking at a ....

  • Damietta Port receives 11 vessels

    Date: 2015-05-17 11:46:19 GMT - Egypt - Economy - SN:43 - ID:2605085

    DAMIETTA, Egypt, May17 (MENA) – Damietta Port received on Sunday 11 vessels, including six container ships and five ships loaded with general goods, spokesman for Damietta Port Authority Mamdouh el Sheity said. Meanwhile, 12 vessels, including ....

  • Economists comment on S&P's Egypt credit rating outlook upgrade

    Date: 2015-05-16 08:47:19 GMT - Egypt - Economy - SN:27 - ID:2596917

    CAIRO, May 16 (MENA) – A number of economists and experts commented on Standard and Poor's Ratings Services' decision to revise its outlook on Egypt's credit rating to positive from stable, saying it sends a message of reassurance to foreign ....

  • global 1:RA Holding Corp. Releases Quarterly Financial Statements

    Date: 2015-05-16 06:39:15 GMT - USA - Economy - SN:6 - ID:2596385

    NEW YORK, May 16, 2015 /PRNewswire/MENA -- RA Holding Corp. (the "Company") announced today that it has published its unaudited interim condensed financial statements as of and for the nine month period ended March 31, 2015. The financial reports ....

  • World Bank's president kicks off visit to Egypt in June

    Date: 2015-05-15 19:11:01 GMT - USA - Economy - SN:71 - ID:2595029

    WASHINGTON, May 15 (MENA) - World Bank Group President Jim Yong Kim will embark on an official visit to Egypt on June 9 to meet President Abdel Fattah El Sisi and Prime Minister Ibrahim Mahlab. Kim would lead an official delegation during his ....

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