One of the first economic reforms under President Al-Sisi has been announced. Henceforth, a 10% tax will be levied on capital gains and stock dividends but the percentage could be lowered to 5% in some cases. The taxes are expected to generate between 3,5 and 4,5million Egyptian pounds. The new law was approved by the […]
The visit to Ankara last Sunday by the Libyan Defense Minister of the Tripoli-based Government of National Accord (GNA) has sparked a strong reaction in the Libyan east, which accuses Turkey of seeking to derail the Geneva political agreement. According to a statement by the Turkish Defense Ministry, the meeting between the two counterparts aims […]
An explosion at nitrogen unit of well A55 in the Entissar field of the Zueitina Oil Company caused Thursday the death of a worker and injuries to another, Libya’s state-run National Oil Corporation (NOC) announced, Libya Observer reports. The casualty, the NOC indicated, was a worker from the Al-Nisr Company, which is carrying out work […]
