taxes

  • Egypt Gains EGP 930 MM from Sukari Mine Taxes

    Egypt Gains EGP 930 MM from Sukari Mine Taxes

    Thursday, 14th January 2021

    The General Manager of Centamin Egypt, Youssef El Raghy, announced that Egypt received a total amount exceeding EGP 930 million from Sukari gold mine, since the start of operation until the last of December 2020.

  • Parliament Considers Changes to Industrial Natural Gas Prices

    Parliament Considers Changes to Industrial Natural Gas Prices

    Monday, 13th November 2017

    The Parliamentary Committee on Industry is considering proposals for re-pricing the natural gas sold to industrial purchasers and eliminating the property taxes on factories.

  • Saudi Arabia Cut Aramco Income Tax

    Saudi Arabia Cut Aramco Income Tax

    Tuesday, 28th March 2017
    Saudi Arabia issued a royal decree to decrease the income tax paid by Aramco.
  • Morocco Refiner Samir Appeals Court Decision on Liquidation

    Morocco Refiner Samir Appeals Court Decision on Liquidation

    Friday, 25th March 2016
    Morocco's oil refiner Samir has lodged an appeal against a recent court decision that placed it into liquidation and named an independent trustee to run the company, the refiner's lawyer said.
  • Morocco’s Sole Refiner Samir Issues Profit Warning

    Morocco’s Sole Refiner Samir Issues Profit Warning

    Tuesday, 22nd March 2016
    Morocco's sole oil refiner Samir issued a profit warning saying that its 2015 results are expected to show a widening loss after production was halted last year and its bank accounts were frozen. The company is seeking an out-of-court settlement with creditors, expected by end March.
  • MENA Oil Exporters Lost Over $340b from Oil Slump

    MENA Oil Exporters Lost Over $340b from Oil Slump

    Tuesday, 23rd February 2016
    Oil-exporting countries in the Middle East and North Africa (MENA) lost more than $340b in oil revenue from their budgets in 2015, according to the International Monetary Fund (IMF) Chief. Reengineering tax systems could be an answer.
  • Norway Mulls Withdrawals from Oil Fund

    Norway Mulls Withdrawals from Oil Fund

    Wednesday, 7th October 2015
    As its currency slumps, Norway is considering withdrawing from its massive sovereign wealth fund, reported Bloomberg.
  • Russia May Raise Oil Taxes

    Russia May Raise Oil Taxes

    Sunday, 20th September 2015
    The Russian government, facing budget deficits due to low oil prices, may restructure taxes on crude to make up for the shortfall, Bloomberg reported.
  • VAT May Follow Gulf Fuel Subsidy Reforms

    VAT May Follow Gulf Fuel Subsidy Reforms

    Monday, 3rd August 2015
    Value added tax (VAT) is being actively considered in many GCC countries and Egypt
  • EGPC, Suez Canal, CBE Drowning in Dues

    EGPC, Suez Canal, CBE Drowning in Dues

    Thursday, 9th July 2015
    Tax arrears from the Egyptian General Petroleum Authority (EGPC), Suez Canal and the Central Bank of Egypt (CBE) have reached EGP 35bn, Tax Authority Head Abdel Moneim Matar said on Tuesday.