Sunday, June 1, 2014

STOCKS NEWS MIDEAST-Egypt tumbles 5.1 pct on capital gains tax

Posted by My Blog Collection at 1:10 AM

0740 GMT - Egyptian stocks tumble in the opening minutes of trade after the government approved the introduction of a 10 percent capital gains tax on profits made in the stock market. Osama Mourad, chief executive of Arab Finance Brokerage in Cairo, said the plunge was almost entirely a reaction to the finance ministry's tax plan. ------------------------------------------------------ 0650 GMT ...



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