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Business
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Economy
8/29/2022 10:31:13 PM
Egypt has pledged to the International Monetary Fund (IMF) to attain the overall budget deficit at six percent of GDP and to raise the initial surplus by 1.6 percent in FY 2022/2023, Minister of Finance Mohamed Maait said on Monday.
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World
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Region
7/31/2022 7:40:22 PM
Israeli ministers on Sunday kept in place a partial freeze on tax revenues it collects on behalf of the Palestinian Authority over its financial support for militants, an official said.
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Business
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Economy
7/7/2022 4:45:02 PM
Tax revenue as a share of GDP in the Middle East region remains relatively low despite progress broadening tax bases in many of its countries, according to a report the International Monetary Fund (IMF) released on Thursday.
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Egypt
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Urban & Transport
7/4/2022 6:14:00 PM
The Suez Canal recorded its highest ever annual revenues in FY2021/22, recording $7 billion, up from$ 5.8 billion in the previous FY, according to a statement by Suez Canal Authority (SCA) Chairperson Osama Rabie on Monday.
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Al-Ahram Weekly
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Economy
6/18/2022 11:15:00 AM
Several steps have been taken on the road to tax reform, but more are needed in order to draw in more investments and maximise revenues.
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Sports
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World
6/17/2022 2:03:25 PM
Barcelona's members have approved a plan to sell portions of the team's television rights and future revenues from merchandise and licensing in hopes of injecting 600 million euros ($631 million) immediately into the debt-ridden Spanish club.
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War in Ukraine
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Economy
6/13/2022 12:05:07 PM
India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the U.S. not to increase their purchases, as the European Union and other allies cut off energy imports from Russia in line with sanctions over its war on Ukraine.
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Al-Ahram Weekly
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Economy
5/23/2022 10:17:00 AM
Experts explain how Egypt can attain its LE1 trillion-plus target in tax revenues in the new budget without adding additional burdens to Al-Ahram Weekly.
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Business
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Economy
5/22/2022 12:12:24 PM
Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current FY 2021/2022 — ends on 30 June — up from $5.5 billion last year, Minister of Finance Mohamed Maait said on Saturday.
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Al-Ahram Weekly
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Economy
5/15/2022 3:43:00 PM
The ministers of finance and planning presented a revised crisis budget to parliament this week.
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Egypt
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Urban & Transport
5/1/2022 6:07:57 PM
The Suez Canal recorded its highest monthly revenues in April at $629 million, setting a “new and unprecedented record through the canal,” Chairman of the Suez Canal Authority (SCA) Osama Rabie said in a statement on Sunday.
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Business
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Markets & Companies
4/21/2022 5:15:25 PM
The revenues for Egypt-based e-payment platform Fawry climbed by 34.3 percent in 2021 to reach EGP 1.6 billion, with a growth in profit valued at EGP 932 million, an increase of 39.6 percent, according to the company’s financial statement released on Thursday.
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Sports
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World
4/8/2022 5:43:55 PM
Chelsea got 5.1 million euros ($5.55 million) from European Championship revenues for releasing players to their national teams, UEFA said Friday.
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Egypt
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Urban & Transport
4/2/2022 10:21:54 PM
The Suez Canal achieved a 20 percent increase in revenues during the first quarter of 2022, showing that the canal has not been affected by the Ukrainian-Russian war, Head of the Suez Canal Authority (SCA) Osama Rabie said.
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Business
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Economy
2/2/2022 4:51:03 PM
Egypt’s balance of payments attained an overall surplus of $311.4 million in the first quarter (1Q) FY2021/2022 (July-September 2021), the Central Bank of Egypt (CBE) announced on Wednesday.
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Business
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Economy
1/31/2022 3:43:34 PM
Egypt’s Minister of Finance Mohamed Maait stated on Monday that Law 3/2022, which includes amendments to the value-added tax (VAT) and stamp duty laws, introduces new incentives that target stimulating Egypt’s economy, supporting manufacturing sector, and alleviating financial burdens on citizens amid the coronavirus crisis.
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Al-Ahram Weekly
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Economy
1/9/2022 12:42:00 PM
The Egyptian Tax Authority is combating tax evasion and integrating the informal sector into the formal economy in a bid to increase tax revenues.
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Business
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Economy
1/2/2022 11:00:28 PM
Egyptian non-petroleum exports have netted record high revenues in 2021, earning $31 billion, Prime Minister Mostafa Madouly said on Sunday.
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Egypt
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Urban & Transport
1/2/2022 2:56:45 PM
Egypt’s Suez Canal recorded a historic $6.3 billion in annual revenues in 2021, Suez Canal Authority (SCA) Chairman Osama Rabie announced on Sunday.
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Al-Ahram Weekly
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Economy
10/13/2021 10:28:00 AM
Egypt could maximise its revenues from natural gas by channelling it to the petrochemicals industry, writes Abdel-Razek Mohamed
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