ETA to finalise tax disputes for enterprises with less than EGP10M revenues
Egypt will resolve all tax disputes for enterprises with annual revenue under 10 million Egyptian pounds by June.
Swiss Lindt & Sprüngli sales rise by 10.3%
Switzerland’s Lindt & Sprüngli achieved a sales growth in 2023 of 10.3 per cent, the company said in a press…
Arab Bank signs EGP 4.2 bln deal to fund Greater Cairo Metro
The Arab Bank signed a 4.2 billion Egyptian pounds cooperation agreement with Orascom Construction Company for…
Shell to sell onshore oil business in Nigeria for $1.3bln
Shell Plc agreed to sell its Nigerian onshore oil assets for $1.3 billion to a group of local companies, known as…
Germany’s inflation rate ends ’23 at 5.9%
Germany’s inflation rate rose by 5.9 per cent in 2023 on an annual average basis compared to 2022, the German…
Egypt’s reserve money M0 hits EGP 1.689 trillion at ’23-end: CBE
Egypt’s reserve money (MO) surged to 1.689 trillion Egyptian pounds ($54.61 billion) at the end of December 2023…
Oil prices steady in early Tuesday trade
Oil prices were steady in early Tuesday trade. Brent crude rose by 0.56 per cent, or 0.44 cents, to trade at $…
AFC, ITFC provide loan to boost Egypt’s economic resilience
Africa Finance Corporation (AFC) is partnering with the International Islamic Trade Finance Corporation (ITFC) to…
Swedish Northvolt borrows $5 bln to expand lithium battery plant
Sweden’s lithium-ion battery producer Northvolt raised $5 billion in the largest green loans raised in Europe to…
China plans to issue bonds to boost economy
China is considering one trillion yuan ($139 billion) of new debt issuance under a special sovereign bond plan, as…
