Daily Archives: August 4, 2013
Egypt: Egyptian finance minister, Ahmed Galal has said that no taxes would be imposed in addition to the current tax law, and that combating tax evasion would not be made a tool for “settling scores” with businessmen, Daily News Egypt has reported. The minister also said that no property taxes or income taxes would be modified “in order to not harm the economy.” Under the current tax law, all companies are subject to a unified tax rate of 25%, compared with the previous legislation that taxed those earning less than EGP10m per year at 20%. [AMEInfo.com]
Egypt: Egyptian civil aviation minister, Abdul Aziz Fadel has said the ministry is awaiting approval from the cabinet to begin work on the first stage of its new Aero City project next to the Cairo International Airport, Daily News Egypt has reported. The first stage has so far attracted $3bn in investments and will make 410,000 sq m of land available for construction, Fadel said. The project currently seeks to attract $20bn in investments by constructing additional tourist, commercial, sports and educational locations and facilities, on a total of 220,000 acres of land. [AMEInfo.com]
NATIONAL: (By Yasir Habib Khan)– Zimbabwe President Robert Mugabe another win, allegedly rigged, is unlikely to usher in a better political and economic outlook for Zimbabweans.
JOHANNESBURG: (By Tony Selvester)– President Jacob Zuma has come under fire after his message of congratulations to his counterpart Robert Mugabe to win the alleged rigged elections.
Niger and Algeria with the support of former president of South Africa, Thabo Mbeki. The project was endorsed in furtherance of the New Partnership for Africa’s Development (NEPAD). The objective of the project was to take natural gas through pipe from …
We might not be far away from a day when scientists can use computer-manipulation of the mind for a host of different things.
(Reuters) – Kirobo, a knee-high talking robot with red boots and a black and white body, has blasted off from Japan for the International Space Station to test how machines can help astronauts with their work.
Telkom CEO Sipho Maseko reportedly says it is important for the board to “de-risk” its mobile operation.
Fixed-line giant Telkom…
The competition commission is reportedly investigating a complaint by one of the losing bidders for the smart ID card system.