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.

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 issued a royal decree to decrease the income tax paid by Aramco.

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 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.

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.

As its currency slumps, Norway is considering withdrawing from its massive sovereign wealth fund, reported Bloomberg.

The Russian government, facing budget deficits due to low oil prices, may restructure taxes on crude to make up for the shortfall, Bloomberg reported.

Value added tax (VAT) is being actively considered in many GCC countries and Egypt

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.