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 seven
GMT 03:44 2018 Monday ,22 January
Turkey gave US heads-up on Syria operation
GMT 07:19 2018 Friday ,19 January
Man Utd set to make Sanchez highest-paid Premier League player
GMT 22:02 2017 Wednesday ,04 October
Yahoo says all 3 billion accounts hackedGMT 18:53 2012 Wednesday ,18 January
Shehab settles for silver in snookerGMT 12:20 2013 Monday ,04 March
Scientist issue warning over comet due to hit Mars
GMT 19:37 2013 Friday ,28 June
Apple working on iPhone control with a nod of head
GMT 10:19 2016 Monday ,02 May
US in desperate bid to save Syria truceGMT 06:03 2011 Wednesday ,30 November
Berbizier: Rugby coach sacking part of evolutionGMT 14:09 2013 Thursday ,03 January
British comedian Jim Davidson arrested for abuse
GMT 23:53 2017 Sunday ,11 June
London attackers planned to use lorry: Police
GMT 15:28 2014 Thursday ,12 June
Suicide bomber hits Libyan general's forces
GMT 09:28 2017 Friday ,10 February
Pompeii unveils Roman kiss for Valentine's day
GMT 15:51 2014 Thursday ,17 April
Richard Branson to buy vineland and hotel in South Africa
GMT 06:04 2017 Wednesday ,10 May
China's Xi applauds S.Korea's Moon on election win
GMT 13:37 2016 Tuesday ,08 November
Bale keeps Real Madrid ahead; Messi gets his 500th goal for Barca
GMT 14:14 2017 Thursday ,10 August
Enjoy the good life, Del Potro tells Djokovic
GMT 09:34 2018 Wednesday ,24 January
Canada looks to Pacific as NAFTA under threat
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