Egypt’s tax change could spur banks to step up private lending
A proposed change to the way Egypt taxes bank profits could encourage lenders to boost credit to the private sector…
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taxes
Egypt to keep customs exchange rate at EGP 16 to dollar in Dec.
Egypt will keep its customs exchange rate steady at 16 Egyptian pounds to dollar for December, Finance Minister…
Egypt’s non-oil private sector activity slows slightly in Oct.
Egypt’s non-oil private-sector activity weakened slightly in October to reach its lowest level of 2018, a survey…
Moody’s upgrade Egyptian banking system’s outlook to positive
Moody's Investors Service upgraded its outlook of the Egyptian banking system to positive from stable.
Alexandria Customs Authority collects EGP 1.7bn in taxes on imported vehicles
The value of taxes and customs fees on imported vehicles collected by the Alexandria Customs Authority hit 1.7…
Egypt to increase tobacco tax revenues to 7.072 bln pounds in FY2018/19
Egypt aims to raise its revenues from taxes imposed on tobacco by 7 billion Egyptian pounds ($395.50 million) in…
New increases in Egypt’s electricity prices next July: minister
Egypt's Ministry of Electricity stated putting a plan for the imminent increase in electricity prices, slated for…
Lenovo to make $400 million one-off charge on U.S. tax reforms
Lenovo Group Ltd said on Wednesday it expected to make a one-off charge of $400 million for nine months ended in…
Egypt’s president approves bill raising taxes on cigarettes
Egypt's President Abdel Fattah al-Sisi ratified on Thursday amendments to the Value Added Tax (VAT) law that raise…
Ireland promises progress in Apple tax recovery in coming weeks
Ireland expects to make progress in recovering up to 13 billion euros ($15 billion) in disputed taxes from Apple in…