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Economy
- Service : English General
- Category : Economy
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New amendments to be introduced to new bill: bourse chief
Date: 2014-06-02 08:07:53 GMT - Egypt - Economy - SN:24 - ID:755974
CAIRO, June 2 (MENA) – New amendments will be introduced to a draft bill on a capital gains tax on shares, said Egyptian Exchange (EGX) chief Mohamed Omran. The Egyptian bourse will continue work to maintain the attractiveness of the market ....
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Global / PRNewswire (1): ROAMWORKS Brings Greater Visibility And Security To The Fleet Management Industry In Tanzania
Date: 2014-06-02 05:49:19 GMT - Egypt - Economy - SN:11 - ID:755796
- Combined cellular and satellite monitoring system delivers sophistication and value DUBAI, United Arab Emirates, June 2, 2014 /PRNewswire/ -- ROAMWORKS, a pioneer in machine-to-machine (M2M) software and systems integration, recently announced ....
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Egypt, Libya agree to resume entry of goods, construction materials through the borders
Date: 2014-06-01 17:44:25 GMT - Libya - Economy - SN:133 - ID:755436
TRIPOLI, June 1 (MENA) - Egypt and Libya agreed Sunday to resume the entry of goods, products and construction materials of various kinds, through the borders, to Libya. President of the Chamber of Commerce of Tobruk Ibrahim Jirari told the ....
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Tax crisis hitting hard on bourse -- expert
Date: 2014-06-01 14:43:48 GMT - Egypt - Economy - SN:87 - ID:755047
CAIRO, June 1 (MENA) - An expert in financial markets has warned that a looming tax crisis is hitting hard on the Egyptian bourse. Ahmed Kamal said that that the market capitalization of the shares of listed companies lost about 2.37 billion ....
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Capital gains tax not applicable to mutual funds certificates - ministry
Date: 2014-06-01 14:25:53 GMT - Egypt - Economy - SN:82 - ID:755080
CAIRO, June 1 (MENA) - The new capital gains tax on shares will not be applied to holders of mutual funds certificates, the Finance Ministry said. The Cabinet has submitted the final copy of a bill amending the laws on income taxes and stamp ....
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Egypt auctions T-bills worth EGP 1bln
Date: 2014-06-01 13:37:26 GMT - Egypt - Economy - SN:75 - ID:755010
CAIRO, June 1 (MENA) - The Finance Ministry auctioned on Sunday treasury bills at a total value of EGP one billion. In an online statement, the ministry said it sold 90-day T-bills with an average yield of 10.515%, adding it accepted bids at ....
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EGX overreacting about share tax - expert
Date: 2014-06-01 12:55:14 GMT - Egypt - Economy - SN:68 - ID:754757
CAIRO, June 1 (MENA) - The Egyptian Exchange has been overreacting on the government's plans to impose a capital gains tax on shares, a capital market expert said. The introduced 10% tax on output deals of residents and nonresidents from their ....
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Egypt bourse hit by 4th largest loss in its history
Date: 2014-06-01 12:04:06 GMT - Egypt - Economy - SN:57 - ID:754836
CAIRO, June 1 (MENA) - The Egyptian Exchange (EGX) recorded the fourth biggest daily loss in its history on the backdrop of fears of imposing a capital gains tax on shares. The market capital lost about EGP 19 billion to reach EGP 460.2 billion, ....
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Cabinet submits draft laws on income, stamp taxes to president
Date: 2014-06-01 10:48:02 GMT - Egypt - Economy - SN:44 - ID:754662
CAIRO, June 1 (MENA) - The Cabinet has submitted the final copy of a bill amending the laws on income taxes and stamp taxes, the Finance Ministry said Sunday. The Cabinet has consulted the Egyptian Financial Supervisory Authority (EFSA) on the ....
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Bourse suspend trading for 30 minutes over sharp losses
Date: 2014-06-01 09:18:43 GMT - Egypt - Economy - SN:33 - ID:754442
CAIRO, June 1 (MENA) - The Egyptian Stock Exchange suspended trading for 30 minutes over sharp decrease which exceeded 5 percent with losses estimated at over EGP 19 billions. Bourse Chairman Dr Mohammad Umran said the bourse suspension is being ....
