Saudi banks plunge on tax payments, Wall Street’s decline weighs on Gulf
Saudi shares fell sharply on Sunday, with banking shares dropping after lenders said they had reached a deal with…
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Tax
Egypt posts GDP up to 3.5% in FY2017/18: FinMin
Egyptian Minister of Finance Mohamed Maait said Egypt achieved an increase in gross domestic product (GDP) to 5.3…
Egypt’s budget deficit rises 1.7% in two months
Egypt's budget deficit rose 1.7 percent to hit 83.9 billion pounds in July-August 2018, or 1.6 percent of the GDP,…
Kenya president proposes cutting fuel tax by half, to 8%
Kenya’s President Uhuru Kenyatta said on Friday a new and unpopular tax on petroleum products was necessary, but…
Oil falls amid surprise jump in US stockpiles
Oil dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying…
UK studying first fuel tax increase in eight years
The U.K. is considering the first rise in vehicle fuel duties in eight years, aiming to help fund higher spending…
Egypt’s annual urban inflation falls 11.4% in May: CAPMAS
Egypt’s annual urban consumer price inflation fell by 11.4 percent in May, down from 13.1 percent in April, the…
EGX stamp tax revenue hits 3bn Egyptian pounds in a year
The outcome of the stamp duty on the Egyptian Exchange (EGX) transactions reached 3.2 billion pounds ($179 million)…
Seattle passes scaled-back tax on Amazon, major firms
Seattle’s city council on Monday approved a new tax for the city’s biggest companies, including Amazon.com Inc, to…
Europe finishes on a positive note amid strong earnings; HSBC shares fall 3%
European equities posted solid gains by the close on Tuesday, as investors shook off volatility concerns and…