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Egypt scraps tax on dividends, investment gains

Egypt scraps tax on dividends, investment gains

Egypt will cancel a tax on stock dividends and investment gains from takeovers and will return revenue already levied on…
Lawsuit against hiked butane gas prices claims miscalculation in subsidy bill

Lawsuit against hiked butane gas prices claims miscalculation in subsidy bill

A lawsuit filed against Egypt’s president and prime minister for raising the price of butane gas cylinders last week, claims…
Morsy calls for more investment in Sudan

Morsy calls for more investment in Sudan

During his first two-day visit to Khartoum on Thursday, President Mohamed Morsy called for increased economic cooperation between Egypt and…
Stock exchange sees modest gains Thursday despite upcoming protests

Stock exchange sees modest gains Thursday despite upcoming protests

The Stock Exchange pulled itself out if a steep week-long side on Thursday, with indicators collectively rising by the end…
Sukuk law in state of flux until Al-Azhar review

Sukuk law in state of flux until Al-Azhar review

The Shura Council approved in late March a law allowing the issuance of sukuk, or Islamic bonds, which the heavily…
Egypt expects IMF loan agreement in two weeks

Egypt expects IMF loan agreement in two weeks

Egypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund (IMF)…
Poll: Egypt’s pound set to sag further against the dollar

Poll: Egypt’s pound set to sag further against the dollar

Egypt's pound will depreciate steadily against the dollar over the next 12 months, undermined by political and economic problems for…
Egypt bourse slumps to new 2013 low on currency woes

Egypt bourse slumps to new 2013 low on currency woes

Cairo's bourse fell to a new 2013 low on Wednesday as foreign investors sold stocks on fears that Egypt's currency…
Arab League: Political unrest behind lackluster foreign investment

Arab League: Political unrest behind lackluster foreign investment

Foreign direct investment in Arab countries dropped from US$90 billion in 2010 to $43 billion in 2011, pushing the region's…
Cabinet mulling FJP privatization plan

Cabinet mulling FJP privatization plan

An unnamed official revealed the Cabinet is mulling a Freedom and Justice Party proposal to privatize portions of public companies…
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