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Cigarette companies demand expansion of tax segments, but government ignores it
Company plans to expand project through launching two new branches near Wadi Degla clubs in Alexandria, New Cairo
29,000 new Vodafone ADSL customers
Egypt’s Suez Canal revenues rose to $ 447.1 million in July from $427.2 million in June, the government said on Tuesday. The canal is the fastest shipping route between Europe and Asia and one of the government’s main sources of foreign currency. Egypt has been struggling to revive its economy since a 2011 uprising hit …
The company Oriental Weavers plans to inject EGP 100m in investments during the second half of 2016 to expand its production capacity. The company aims to add seven new looms after its merger with Rozatks Modern Spinning and Weaving Company, bringing the total capital expenditures to $14.5m and the production capacity to 4.2m sqm. Mohamed …
10.7% drop in company’s revenues
Porto Group achieves consolidated revenue of EGP 191m, while AMER Group achieves revenue of EGP 544m in Q1 2016
7.3% increase in company revenues in Egypt
Regional giant Dana Gas will commit millions to E&P in the next three years
The results added that Intel’s Internet of Things Group recorded a revenue of $2.3bn, marking a 7% increase compared to 2014. In addition, Software and service operating segments registered a revenue of $ 2.2bn, down by 2% from 2014.
Orascom Construction Industries (OCI) reported a 51% backlog growth to $7.2bn, and its earnings before interest, taxes, depreciation, and amortisation (EBITDA) amounted to $64m in quarter two (Q2) of 2015
Transfer of authority to a public economic entity has yet to be made, although it was announced by Minister of Supply last December
Banks prefer to loan government over investors, says Egyptian Tourism Federation Chairman
Total income tax revenues decreased to 28% during the period from July to February in the current FY
In a bid to improve services at Egyptian airports, new development projects and partnerships are set to balance shortfall in reduced tourism
Approximately 20,000 cases of tax disputes have been awaiting court verdicts since 2003, with taxes valued at EGP 40bn
Facebook will run video ads for Divergent on Thursday in a one-day test.
Tax Authority announced that it has collected EGP 80.3bn, while the tax revenue in the CBE is EGP 49.81bn.
The company will trade under the “TWTR” symbol on the New York Stock Exchange, breaking from the Nasdaq market used by a large number of tech companies.
CIB tops the list as the largest bank in Egypt followed by NSGB, the fastest growing bank in the country
Ibrahim said that the Ministry’s revenues decreased by 35% from EGP 1.273bn during the 2009-2010 fiscal year to EGP 772m during the 2010-2011 fiscal year.
Last month’s exports see a 6 per cent bump compared to November 2011
Half of real estate tax revenues will be directed to bridging the budget defici
The Central Agency for Public Mobilisation and Statistics (CAPMAS) released yesterday the latest figures on tourism during July showing an 8.3 percent increase in the number of tourists from around the globe from the same month last year. According to the latest CAPMAS tourism figures, up to one million tourists visited Egypt during July, compared …
Egypt’s Tax Authority (TA) hopes to increase tax revenues to EGP 230 billion, according to newly appointed chairman Mamdouh Omar. The TA plans to promote new leadership to ensure justice within the body, Omar told a meeting with heads of regional bureaus and managers of different departments on Monday. According to commentators, taxation in Egypt …
Facebook shares have dropped more than 35% from the IPO price in May of $38
With the current economic circumstances facing the government’s various sectors, the issue of revenue once again rises to the fore.