Egyptian investment minister expects growth rate to hit 4%
Investment Minister Ashraf Salman
Beirut - MENA
Investment Minister Ashraf Salman said on Friday that the government will impose a 10-percent tax on industrial, logistics and tourist companies working in the Suez Canal Corridor Development project.
During the Egyptian-Lebanese Business Forum, now held in Beirut, Salman said that the taxes will increase in the first three years to 30% and then decrease to 25% for seven years.
Salman expected the Egyptian growth rate to record 4 percent by the end of the current fiscal year.
"Egypt's economy is one of a few economies that achieve such growth rates," he concluded.
GMT 00:37 2018 Wednesday ,24 January
Bitcoin slumps below $10,000GMT 22:49 2018 Tuesday ,23 January
Sharjah apartment rents see steep decline in 2017GMT 19:15 2018 Tuesday ,23 January
Emirati fined Dh2.2m for embezzling public fundsGMT 22:27 2018 Monday ,22 January
Jafza bridge benefits trade, logistics supply chainGMT 22:21 2018 Monday ,22 January
Damac chairman to speak on digital skillsGMT 10:55 2018 Monday ,22 January
Bahrain-Indian economic ties discussedGMT 22:42 2018 Saturday ,20 January
'Massive' infrastructure spending needed in AfricaGMT 12:49 2018 Tuesday ,16 January
Tabarak Buys Majority Stake in a Private Company
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon sevenGMT 03:03 2012 Saturday ,19 May
Alfie\'s is a sensible option
GMT 05:17 2024 Wednesday ,07 February
Amazon to open first cashierless shop
GMT 23:36 2017 Monday ,27 February
India: Record-breaking PSLV mission has a downside, former chief of Isro says
GMT 05:45 2014 Monday ,17 February
List of accredited online universities announced in UAE
GMT 08:02 2017 Tuesday ,24 January
Yehia Al Fakhrany laments his colleagues' death
GMT 07:51 2017 Saturday ,09 December
Yemeni forces managed to seize control Khokha region
GMT 08:46 2018 Sunday ,07 January
Coutinho misses Liverpool trip as Barcelona talk grows
GMT 05:46 2018 Thursday ,04 January
US ambassador visits NIHR Communication Centre
GMT 18:26 2017 Thursday ,28 December
Arab Coalition supports Yemen’s army to eliminate Houthi
GMT 10:55 2017 Monday ,27 November
Emirates Auction:Number (2) leads bids in public
GMT 11:17 2013 Tuesday ,09 July
UoB explores Chinese language and academic affairs centre
GMT 13:55 2017 Friday ,26 May
Landslides, floods in Sri Lanka kill 25, dozens still missing
GMT 11:11 2017 Wednesday ,16 August
Emirati aid ship arrives at Al Mukalla port
GMT 11:07 2017 Wednesday ,21 June
Trump visit to Britain left out of Queen's Speech
GMT 18:29 2016 Sunday ,04 December
Cuba bans naming of streets, monuments after Fidel CastroGMT 11:48 2012 Friday ,14 December
2 strong earthquakes strike off California
GMT 14:04 2016 Monday ,05 December
Donald Trump blasts Alec Baldwin — again!
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor