Author: Steven Sahiounie

Cabinet’s Spokesperson Mohamed El-Homosany stated Taxes levied on capital gains arising from the sale of securities listed on the Egyptian Exchange (EGX) will be collected as of the tax season of March-April 2025 through Misr for Central Clearing, Depository and Registry (MCDR), Cabinet’s Spokesperson Mohamed El-Homosany stated. The Ministry of Finance will be assigned to take legal measures to dismiss the collection of taxes due from the issuance date of Law No. 30 of 2023 until the end of 2023, El-Homosany pointed out. In addition, the Egyptian Tax Authority (ETA), in cooperation with MCDR, will set the needed procedures for…

The floating storage and regasification unit will be leased “to secure additional needs for domestic consumption during the summer,” the ministry said

The European Union has offered Lebanon a financial package of 1 billion euros ($1.07 billion) to support its faltering economy and its security forces, European Commission President Ursula von der Leyen said on Thursday during a visit to Beirut.

The suspension of oil exports in Yemen continues to weigh on the country’s economy, the International Monetary Fund (IMF) said on Thursday.

The deal aims to enhance cooperation in the fields of export and import and explore investment opportunities of common interest

The global challenges have tested the UAE’s resilience, but the aim is to grow the economy at 7 per cent in 2024, said Abdulla Bin Touq Al Marri, Minister of Economy.

During its third meeting of 2024, the committee discussed economic and monetary developments in the Kingdom

In March 2024, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around $7.82bln

The Palestinian economy is estimated to shrink by 26.9 percent after seven months of war, with the poverty rate surging, said a new United Nations Development Program (UNDP) assessment released Thursday.

RIYADH: Underscoring international confidence in the Saudi economy, global consulting firm Alvarez & Marsal has become yet another company to have opened its regional headquarters in Riyadh. In a press statement, the US firm stated that the inauguration of the new regional headquarters underscores its commitment to contributing to the country’s transformation agenda. “As the company continues to deepen its roots in the country, with expertise across various sectors — from banking and tax to healthcare and disputes and investigations — this strategic move aims to leverage local insights in the Kingdom to drive sustainable growth and innovation.” the company…