Egypt’s PM reviews €90m kaolinitic sand project in SCZone
Egyptian Prime Minister Moustafa Madbouly on Sunday reviewed plans for a €90 million industrial and logistics…
Browsing Tag
income
Indonesia’s tax revenues decline amid falling commodity prices
Indonesia’s tax revenues for the first two months of 2025 faced a setback due to falling global prices of key…
Egypt’s El Khatib explores green investments with Income
Egypt’s Minister of Investment and Foreign Trade, Hassan El Khatib, met with Hesham Sheta, Chairman of Income, the…
CAPMAS to launch 6th economic census before end of FY 2024-25
Egypt’s Central Agency for Public Mobilisation and Statistics (CAPMAS) is set to launch the sixth Economic Census…
S. Africa’s current account deficit narrows in Q3 ’24
South Africa's current account deficit narrowed to R70.8 billion in the third quarter of 2024, from a revised R75.3…
ECB: Eurozone outlook dims with lower spending forecasts
The European Central Bank’s (ECB) reported on Friday a decline in expectations for nominal income and spending…
India targets $30t economy by ’47
India has set an ambitious target of becoming a $30 trillion economy with a per capita income of $18,000 by 2047.
S. Africa’s current account deficit widens in Q4 ’23
South Africa's current account deficit surged to R165.5 billion in Q4 2023 from R34.4 billion in Q3, reaching 2.3…
BNPP shares plunge 8% amid Q4 income decline
BNP Paribas (BNPP) experienced an unexpected decline in fourth-quarter income, leading to a delay in achieving a…
Dubai’s Emirates REIT posts 15.3% surge in 2018 property income
Emirates REIT, the world's largest Shari'a-compliant REIT, recorded a year-on-year total property income growth of…
Tax revenues for Q1-FY2019 at EGP 8 bln above target
The head of Egyptian Tax Authority Emad Sami said on Wednesday 115.9 billion pounds in tax revenues were collected…
Egypt’s real estate tax countdown begins
Owners of residential and commercial property in Egypt have until mid-August to pay the new property tax or prove…
Union National Bank-Egypt Q1 profits fall 23.6%
Union National Bank-Egypt (UNB) reported Sunday a 23.6 percent drop in first-quarter net profits, reaching 60.04…
SANAD offers Egypt’s state-run Banque du Caire $10 million loan
SANAD Fund for Micro, Small, and Medium-sized Enterprises announced signing an agreement with Egypt’s state-owned…
Asian stocks closes mixed as dollar wobbles following overnight gains
Asian markets closed mixed on Friday as the dollar wobbled after gaining overnight following comments from…
Tax revenues hit 55.9bn Egyptian pounds in two months of FY2017/18
Egyptian Tax Authority has collected 55.9 billion Egyptian pounds in revenues during the first two months of…
Faisal Islamic Bank 9-month net profit rises to 1.21bn Egyptian pounds
Egypt’s Faisal Islamic Bank reported Wednesday an increase in nine month-net profit to reach 1.21 billion Egyptian…
Ministry: Egypt’s tax revenues jump by 55% in Q1 of FY2017/18
Tax revenues in the first quarter of the financial year 2017/2018 increased 55 percent to to 88.6 billion pounds…
Egypt c.bank to double mortgage finance initiative to 20bn pounds
The Central Bank of Egypt (CBE) has decided to double the funds allocated or mortgage finance initiative to 20…
US reports increasing income, falling poverty in 2016
Household income in the world's largest economy rose for the second straight year in 2016 while poverty also…
Coca-Cola profit fall by 60% on refranchising charge
U.S. drinks giant Coca-Cola reported a 60.2 percent fall in quarterly profit, as the beverage maker incurred a…
ASCOM net profit jumps to 232.4 mln Egyptian pounds in Q1
Egypt-based Asec Company for Mining (ASCOM) reported Monday an increase in its net profit to reach 232.4 million…
Egypt discusses social safety net with World Bank mission in Cairo
Egyptian Minister of Social Solidarity Ghada Waly met with the World Bank mission Saturday in Cairo to follow up…
Melania Trump’s pricey jacket draws attention in Sicily
Melania Trump's first outing in the Sicilian sunshine was in a colorful floral applique jacket by Dolce &…
US crude settles at $47.97, falling 1.7% this week
U.S. crude broke a four-day losing streak in thin trade on Friday, but posted a weekly loss as concerns persisted…
Egypt emerges as the world’s fastest growing real estate market
Driven by huge domestic demand, Egypt will be the standout market globally for real estates in 2017, according to a…
Trump pays taxes of $38 mln in 2005: White House
U.S. President Donald Trump paid $38 million in taxes on more than $150 million in income in 2005, the White House…
Dollar above recent lows on upbeat Fed view, US data
Dollar pulled away from recent lows on Thursday after the Federal Reserve presented a relatively upbeat view of the…
Planning and Budget Committee approves amendments on Article 120 on taxes
The parliament’s Planning and Budget Committee approved amending Article 120 of Law No.91 of 2005, which is related…
88.1 % of Egyptian families own cell phones: CAPMAS
An average of 22.1 percent of Egyptian families own smartphones, while 88.1 percent of families own mobile…
Egypt’s CIB posts higher net income, revenues in Q2
Commercial International Bank (CIB) , Egypt's largest listed company, on Wednesday reported a 28 percent rise in…
Deutsche Bank says Q2 net income plunges nearly 100% year-on-year
Deutsche Bank, the German bank which is an important part of the global financial system, announced revenue and…
Egypt’s Hassan Allam establishes two $180 mn above-middle income housing projects
Egypt-based Nasr General Contracting Co. - Hassan Allam is currently implementing above-middle income housing…
Faisal Islamic Bank receives five low-income housing mortgage requests
Faisal Islamic Bank of Egypt has received the first five applications Thursday related to the central bank's…
CBE amends the mortgage finance initiative keeping in mind low-income earners
Central Bank of Egypt (CBE) amended the mortgage finance initiative, which was issued in February 2014 to finance…
Shell vows more cuts as annual profit sinks on weak oil prices
Royal Dutch Shell (RDSa.L), Europe's largest oil company, reported its lowest annual income in at least 13 years on…
NBE ups mortgage loans to $33.6bn to serve 3,520 low-income units
The National Bank of Egypt (NBE)’s mortgage loans, upon the central bank’s housing initiative, have increased to…
Oxfam Income rises to £401.4m despite fall in Shop Earnings
Oxfam's annual income has risen to £401.4m, up £12m, despite the charity seeing a fall in money from its shops. The…
Egyptian government benefits from biting housing crisis -Expert
The Egyptian government, being the country’s largest landowner, is benefitting from the housing crisis,…
Income And Capital Gains Tax Revenues Register LE7.8 M In July, August
The budget revenues have increased in July and August by 0.7% to register LE 34.4 billion, the Ministry of…