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Egypt: reserve recession rate could decline soon

Governor Hisham Ramez of the central bank has said that the foreign cash reserve recession rate may decline by next month. The central earlier on this month announced that the reserves had reached US$13.6 billion, which would amount to a 16-year low, compared to $36 billion on the eve of the 2011 uprising that ousted […]

Egypt, Qatar ink agreement to eliminate double taxation on income

Qatar and Egypt signed Monday in Doha a deal to remove double taxation on income, and prevent tax invasion and avoidance, the Egyptian government announced in a statement. The agreement includes detailed provisions for the taxation rules and conditions by both countries, to prevent tax duplication, with respect to taxes on income from non-transferable assets, […]

Libya: Arab League Calls for Political, Financial Support for GNA

Arab Foreign Ministers who held an extraordinary session at the Arab League have called on Arab States to extend political and financial support to the UN-backed Libyan Government of National Accord (GNA.) The Foreign Ministers renewed their recognition of the GNA as the unique legitimate body in the country and stressed that the Government of […]