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Diplomacy + Foreign Trade on Sunday 18 October 2020
Topping coverage on the foreign trade front: Egypt’s non-oil exports declined by just 3.5% y-o-y in 9M2020, totaling c. USD…
How much tax should you pay on EGX transactions?
How much tax should you pay on EGX transactions? The EGX has published a helpful infographic guide on taxes and…
Egypt’s talk shows: No new tax increases + addressing parent concerns on hybrid learning
The talking heads had a busy evening yesterday as they covered everything from Finance Minister Mohamed Maait’s latest update on…
Earnings watch: Egypt Aluminum plunges into the red in FY2019-20, QNB AlAhli reports 20% drop in 3Q2020 net profits
EARNINGS WATCH- Egypt Aluminum recorded EGP 1.67 bn of losses in FY2019-20, a year after turning a EGP 571 mn…
US imposes tariffs on aluminum imports from Egypt, 17 other nations
Egypt is among 18 countries facing almost USD 2 bn in combined US tariffs on aluminum sheet exports after an…
Egypt’s Tax Authority to launch phase two of e-invoicing system in February 2021
A total of 340 companies will be required to submit tax returns and sales receipts electronically as of February, when…
New stamp tax on securities will see the government collect up to 0.125% on every transaction
Lower stamp tax on EGX transactions is now in effect: Amendments to the Stamp Tax Act that lower the stamp…
Your top infrastructure stories
Your top infrastructure stories for the week include: Egyptian Refining Company’s USD 4.3 bn Mostorod petrochemical refinery — the largest…
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