Latest in Tag: Market Highlight

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Latest in Tag: Market


Worldwide economic instability instigates drop in metal prices

The prices of non-ferrous metals (copper, aluminium and lead)have dropped across international markets, after witnessing a slight rise last week, according to a report published by the Metallurgical Industries Chamber (MIC). The price of copper fell by $137, recording $8,156 per tonne on 25 September, compared to $8,293 last week. Aluminium prices followed suit, falling …

Hend El-Behary

Tax Authroity new head vowes to boost tax revenues

Egypt’s Tax Authority (TA) hopes to increase tax revenues to EGP 230 billion, according to newly appointed chairman Mamdouh Omar. The TA plans to promote new leadership to ensure justice within the body, Omar told a meeting with heads of regional bureaus and managers of different departments on Monday. According to commentators, taxation in Egypt …

Islam Serour

Egypt placed 107 in global competitiveness rating

The World Economic Forum (WEF) issued its annual global competitive report, showing that Egypt’s competitive rating slipping 13 places to 107th place. The Egyptian market, in the view of many economic experts, lacks discipline and transparency. The price of goods and services’ do not represent actual patterns of supply and demand, in addition to other …

Islam Serour