Egypt's government approved a 10 per cent capital gains tax on stock market profits, dividends and bonus shares, the country's Finance Minister Hany Dimian told Reuters in a phone interview on Thursday.
Dubai’s real estate market is gaining strength as new projects are launched by private and government developers alike on a weekly basis, according to Macdonald & Company, a leading property recruitment specialist.
Gold erased early gains on Monday that pushed it past the psychological $1,400 mark to an 11-week high, slipping on uncertainty over whether the US Federal Reserve will wind back its stimulus measures from next month.
Gold hit its highest in three weeks on Thursday as uncertainty about potential US Federal Reserve stimulus reduction kept the dollar under pressure, while holdings in the world's top gold-backed exchange traded fund (ETFs) rose.
Gold reversed early gains on Thursday as the dollar crept off six-week lows on brighter US economic data and investors fretted about a pull-back in monetary stimulus despite dovish comments from the Federal Reserve.
Gold gained on Wednesday as the metal's strong performance in July prompted some month-end buying from funds, as traders awaited further clarity from the US Federal Reserve on the timing of any pull-back in stimulus measures.
Iran and the UN nuclear watchdog are making headway towards a framework deal on how to tackle concerns about its atomic activity, diplomats say, a potential bargaining chip for Tehran in next week's negotiations with world powers.
Egypt's foreign reserves rose slightly last month, central bank data showed on Sunday, their first gain since a popular uprising unseated the country's autocratic leader and sent the economy into a tailspin.
The central bank has spent heav
Dubai's bourse made its largest one-day gain in 27 months, rebounding after last week's savage profit-taking, with investor sentiment still bullish.
The emirate's benchmark jumped 4.7 percent to 1,687 points, its largest one-day advance s
PH Petro, an integrated enhanced oil recovery (EOR) company headquartered in Singapore, said its recently completed single-well test project for Oman’s Daleel Petroleum has delivered an impressive 134 per cent incremental oil gain.