Egypt’s business digest Aug. 30: IMF praises parliament’s approval of VAT law
International Monetary Fund (IMF) Managing Director Christine Lagarde participates in a news conference with European finance ministers at the IMF/World Bank Spring Meetings in Washington April 14, 2016. REUTERS/Jonathan Ernst/File photo

CAIRO: No more browse from site to another, here is business digest for Tuesday, Aug. 30:

1.33 mln permits given to Egyptians  to work abroad: CAPMAS

The total number of work permits that were given by the Ministry of Interior to the Egyptians to work abroad has  reached 1.33 million permissions in 2015, according to an annual report by the Central Agency for Public Mobilization and Statistics (CAPMAS) Tuesday.

The work permits have been increased by 0.9 percent as the number recorded 1.32 million permits in 2014, the report added.

IMF praises parliament’s approval of VAT law

The International Monetary Fund (IMF) has praised the Egyptian Parliament’s approval on the law of Value-Added Tax, state-owned news agency MENA reported Monday.

The House of Representatives had approved the tax of 13 percent, the move taken by the government to increase the state’s revenues amid current financial crisis.

Egypt stock goes up in mind-session trading 

 Egypt’s main benchmark increased in the mid-session of Tuesday trading, driven by Egyptian and Arab purchases, Youm7 reported.

The EGX30 index went up by 0.19 percent, while EGX50 index raised by 0.13 percent.

Egypt, Jordan to sign cooperation deals

Egyptian Minister of theInternational Cooperation Sahar Nasr will chair Tuesday the preparatory meeting of the High Egyptian-Jordanian  Business Committee to sign certain agreements between two countries in several meetings, Youm7 reported.

CBE keeps pound steady at US dollar scale on Tuesday 

The Central Bank of Egypt (CBE) has kept the value of Egyptian Pound steady against the US dollar scale in Tuesday trading, Youm7 reported. 

The CBE sells one US dollar at 878 EGP to the domestic banks which sell it at 888 for the public.

 

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