
Property tax: Will it reach government’s expectations?
FY 2016/2017 property tax is estimated at EGP 2.4bn and expected to collect EGP 1.1bn
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FY 2016/2017 property tax is estimated at EGP 2.4bn and expected to collect EGP 1.1bn
Market capitalisation of listed stocks increased by 2.2% this past week
Parliament is yet to discuss and vote on the implementation of the Value Added Tax
The business of the Egyptian real estate market has been flourishing despite political turmoil. In this feature, Daily News Egypt compared the relative performances of the real estate companies in the past year with attention to their net profits. TMG Talaat Mostafa Group’s consolidated net profits during the first nine months of the year totaled …
A Saudi-Egyptian forum to take place on Saturday
Amwal Al-Khaleej is targeting new investments in healthcare, pharmaceutical sectors in Egypt
EFG Hermes was selected as the company’s financial adviser
Several cooperation agreements are expected to be signed during King Salman’s visit
Legal technicalities push several public institutions out of the maximum wage law
Benchmark index surged by 22.4% this past month
Loans to be introduced to premier clients first
The government revises its goals after facing several local and economic hurdles
The bank saw growth in its asset lending book in 2015, reaching 16%, but a drop in the liability front during fourth quarter of the year because the saving certificates issued locally
The company also approved the acquisition of 70% shares of Reefy
The Ministry of Tourism’s attempt to attract foreigners to visit Egypt came under fire amid a controversy surrounding the video used to encourage tourism displayed at the International Tourismus-Börse (ITB) Berlin, one of the world’s largest tourism conventions, held between 8 and 12 March. Conference attendees and social media users criticised the video for showcasing …
The news was heavily criticised by social media users
The company has plans to expand in Egypt but is waiting for the “right moment”
In a recent press conference, prominent economist and chief economic adviser at Allianz Mohamed Al-Arian warned that the country is risking over-dependence on the CBE to make the country’s monetary decisions.
The firm however projects that GDP growth will decline in 2017, also expecting Egypt and Israel to record the fastest growth in the MENA region
EGX-30 projected to range between 6,800 points and 7,000 points
Uber claims to focus is on personal car users not taxi drivers, says Uber BOD
Egyptians have been asked to financially support the state for decades, from the Penny Project to Egyptian Aid, Egypt’s Renaissance, Support Egypt, and Tahya Masr
Sawiris applies to establish a €50m bank for SMEs in Luxembourg
Investors still wait for positive news to return to their purchasing behaviour
Navigation in Suez Canal back to normal after incident with Panamanian ship
The loans will finance three national projects
Al-Sisi hopes to benefit from Japan’s experience in developing its education sector
Total value of traded securities recorded EGP 2.8bn, an official report issued by the EGX read
An attempt to provide an account of the brief history of the World Bank loan agreements, negotiations surrounding VAT, and the implications of parliamentary intransigence
Egypt risks falling into trap of relying too much on central bank, says prominent economist