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Tourism is one of the leading sources of income, crucial to Egypt's economy.At its peak in 2010, the sector employed about 12% of workforce of Egypt, [1] serving approximately 14.7 million visitors to Egypt, and providing revenues of nearly $12.5 billion [2] as well as contributing more than 11% of GDP and 14.4% of foreign currency revenues.
In December 2024, Egyptian authorities agreed to accelerate the divestment of state-owned companies to secure a $1.2 billion package from the IMF to improve macroeconomic stability. [2] The following is a list of key state-owned enterprises in Egypt, and a number of their subsidiaries.
Location of Egypt. Egypt is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Egypt's economy depends mainly on agriculture, media, petroleum imports, natural gas, and tourism; there are also more than three million Egyptians working abroad, mainly in Saudi Arabia, the Persian Gulf and Europe.
Egypt's cabinet has approved a draft law to eliminate tax exemptions for state entities in a bid to attract private investment, a cabinet statement said on Wednesday, but the law appeared to ...
At Egypt's Red Sea resorts, visitor numbers are well below previous years. Tourism accounts for up to 15% of Egypt's national output, and officials said it was losing around $1 billion each month ...
“The Singaporean government’s move to offer tax rebates on tourist activities and agreements with local airlines for subsidized rates might lower travel costs.” More From GOBankingRates
The Egyptian tourism industry is one of the most important sectors in the economy, in terms of high employment and incoming foreign currency. [127] It has many constituents of tourism, mainly historical attractions especially in Cairo, Luxor and Aswan, but also beach and other sea activities. The government actively promotes foreign tourism ...
0% (free zone companies, [234] as well as mainland companies with less than 375,000 AED a year in profit, [235] may need to fill out a tax return) 9% (for mainland companies with a net profit over AED 375,000 annually, taxation paid to other countries credited towards UAE taxation, tax return required) [235] 0% [236] 5% [236] 0% [237]