Guides & Analytics
Egypt Considering Tax On High-Income Earners, Minister Says
Egypt is studying a proposal to increase taxes on high earners, as it seeks to cut a budget deficit that’s set to miss this year’s target, the finance minister said.…
Finance Minister Expects Public Deficit To Reach 12% In The Current Fiscal Year
Hany Kadry, Minister of finance, said that he expects the public deficit in the budget during the current fiscal year 2013/2014 to reach 11-12% from the GDP. He…
UPDATE 1-Egypt’s Orascom TMT 2013 After-Tax Profit Tumbles 70 Pct
Egypt's Orascom Telecom Media and Technology Holding said on Thursday its 2013 profit after tax dropped by 69.5 percent compared with a year earlier to 1.12 billion…
Egypt’s New Investment Law Safeguards State, Investors’ Rights– Official
Egypt’s new investment law reflects a landmark transformation which will safeguard the rights of the state and investors altogether, Investment Minister’s aide…
Zulficar: Egypt’s Mehleb Cabinet Keen on Moving Economy Quickly forward
Egypt’s newly-appointed government has relentless determination to move the national economy quickly forward, said Mona Zulficar, Board of Directors chairperson of…
UPDATE 1-Arab Countries to Send Oil Product Aid to Egypt to Sept-Finmin
Arab countries will extend aid to Egypt in the form of petroleum products until at least September, Finance Minister Hany Qadry Demian said on Thursday, a move that…
EFG Hermes: New Tools to Stimulate Mortgage Finance Soon – Watchdog
Sherif Samy, head of Egyptian Financial Supervisory Authority (EFSA) asserted that the Authority is currently working to update new financial instruments most…
Wall Street Little Changed As Ukraine, China Concerns Brushed Off
U.S. stocks finished little changed on Wednesday, with the Nasdaq up for the first session in five, as investors grappled with the evolving situation in Ukraine but…