Egypt finance minister Muntaz al-Said announced on Wednesday that a new 10% tax on major transactions have been approved by a special cabinet that was formed for this purpose. Although no time limit has been precisely set, according to him this tax will mainly be on gains acquired on Initial Public Offerings (IPOs) and also […]
Moroccan Foreign Minister Nasser Bourita and UN Secretary-General’s Special Envoy for Libya Jan Kubis have welcomed the new dynamic in the Libyan issue, in particular the appointment of a new Libyan temporary executive authority, which was endorsed by the Libyan parliament and sworn-in on Monday. During a phone talk they held on Monday, the two […]
An Algerian court on Tuesday handed prison sentences to six people, ranging from 18 month suspended sentence to 6 years in prison plus fines, in a corruption case involving the country’s state-run oil firm Sonatrach. Seven defendants were acquitted while four companies, including Italy’s Saipem and the German Funkwerk, were also sentenced to fines ranging […]
