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US Issues Annual IPR Country Report 5/3/2012 The Office of the United States Trade Representative has released its annual
‘Special 301 Report’ on the perceived adequacy and effectiveness of
US trading partners’ protection and enforcement of intellectual property
rights (IPR).
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US Business Pushes For US-Egypt FTA 5/2/2012 The United States-Egypt Business Council of the US Chamber of Commerce has held
meetings with senior members of Congress to push for commencement of negotiations on a US-Egypt free trade agreement.
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Aviation Sees Demand Spurt 4/6/2012 The International Air Transport Association has released global traffic results
for February 2012 showing an 8.6% improvement in passenger demand and a 5.2% rise
in cargo demand compared with the same month in the previous year.
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COMESA Pushes For DTAs Between Member States 2/14/2012 Earlier this month, the Common Market for Eastern and Southern Africa held a three-day forum in Lusaka which attracted officials from its member states
who are involved in negotiating double taxation agreements.
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US, Egypt Agree To Develop Trade 1/27/2012 At a recent meeting, the United States Trade Representative Ron Kirk and Egyptian
Minister for Industry and Foreign Trade Mahmoud Eisa agreed to develop an Action
Plan designed to enhance further the already strong bilateral trade and investment
relationship.
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Centamin Shifts Tax Residency To Jersey 1/4/2012 On December 30, 2011, Centamin Egypt Limited successfully migrated its corporate
headquarters to Jersey from Australia, through the establishment of a Jersey holding
company with advice from Channel Islands law firm Ogier.
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Report Calls For US-Egypt FTA 12/19/2011 A report prepared by the Center for Strategic and International Studies,
with support from the United States Chamber of Commerce affiliate, the US-Egypt
Business Council, has emphasized how a potential free trade agreement could create jobs in both countries.
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EU, North Africa Open Trade Negotiations 12/16/2011 The European Commission has welcomed the decision of the European Union Foreign Affairs Council to authorise the opening of trade negotiations with
Egypt, Jordan, Morocco and Tunisia.
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Problems Foreseen For African Tripartite FTA 11/8/2011 The South African Minister of Trade and Industry, Rob Davies, has expressed the
opinion that the planned roll out of the proposed African tripartite free trade agreement may 'hit a snag' when negotiating on trade in manufactured goods between
the member countries.
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Thailand Ranked Top Expat Destination 10/7/2011 Despite ongoing economic turmoil and political unrest in many parts of the world, a preview of HSBC's 2011 Expat Explorer survey shows that expats remain generally happy in their new countries, with Thailand topping the list of the most popular expat destinations.
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South Africa Plugs Tripartite FTA 8/26/2011 In the opinion of South Africa’s Deputy Minister of Trade and Industry,
Elizabeth Thabethe, the recent agreement to launch talks to establish a tripartite
free trade agreement between several African nations has made it more urgent to promote intra-African trade.
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COMESA Reviews Progress On Customs Union 8/9/2011 A third meeting was held this month in Lusaka by the Common Market for Eastern
and Southern Africa to study the progress made towards having a fully
implemented Customs Union by June 2012.
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African Leaders Launch Tripartite FTA Talks 6/16/2011 A leaders’ summit of the Common Market for Eastern and Southern Africa,
the East African Community and the Southern African Development Community, held in Johannesburg on June 11 and 12, has agreed to formally launch
negotiations to establish a tripartite free trade agreement.
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Egypt Scraps Capital Gains Tax Proposals 6/13/2011 The Egyptian government has announced that it will completely abandon plans
for a new capital gains tax days after
Finance Minister Samir Radwan retreated on the issue of imposing a 10% tax on stock exchange transactions.
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South Africa To Discuss Tripartite FTA 6/9/2011 A summit of the Common Market for Eastern and Southern Africa, the East
African Community and the Southern African Development Community will be held in Pretoria on June 11 and 12 to discuss the progress made towards
a tripartite free trade agreement (FTA).
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Egypt Backtracks On Capital Gains Tax 6/9/2011 Egyptian Finance Minister Samir Radwan has buckled under pressure from traders
and u-turned on aspects of his government's proposed 10% capital gains tax on stock market profits,
mergers and acquisitions, and asset revaluations, announced recently in the 2011/12 budget.
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Tripartite African Trade Talks Show Progress 5/18/2011 Ministers from countries within the Common Market for Eastern and Southern Africa, the East African Community and the Southern African Development
Community met recently in Lusaka to discuss the progress made towards the
proposed tripartite free trade agreement.
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EU Preferential Trade Regime To Be Improved 4/20/2011 The European Union has launched a process which it believes will allow for the easier operation of preferential trade between itself, the Southern Mediterranean and the Western Balkans, by overcoming many of the current difficulties caused by the management of a large variety of bilateral agreements.
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Tripartite African Trade Talks To Start By Mid-2011 3/11/2011 South Africa’s Minister of Trade and Industry, Rob Davies, has said that
negotiations for the development of a free trade agreement between the Southern
African Development Community, the East African Community and the
Common Market for East African States will commence towards the middle
of 2011.
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WTO Reviews Transparency Mechanism For RTAs 2/15/2011 The World Trade Organization's Negotiating Group on Rules, on February 4, 2011, commenced its review of the WTO Transparency Mechanism for Regional Trade Agreements by considering two proposals: one from the United States for the consideration of all RTAs under a single WTO Committee; and one from Ecuador for procedural adjustments to the mechanism.
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Lamy Urges On Doha Participants 2/7/2011 The World Trade Organization’s Director General, Pascal Lamy, as chairperson
of the Trade Negotiations Committee, urged WTO ambassadors on February 2 to
engage in bilateral and small group discussions on resolving key obstacles to
a near-global multilateral free trade agreement, through the Doha Round.
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Kuwait And Egypt Update DTA 1/6/2011 Kuwait and Egypt have signed a bilateral agreement on double taxation, which updates a previous agreement in force since May 2, 2006.
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Trade Ministers Look For Euro-Med Free Trade Area 11/15/2010 Working towards a full Euro-Mediterranean Free Trade Area and how to boost
Euro-Mediterranean trade and investment were on the agenda of a recent meeting
between The European Union Trade Commissioner, Karel De Gucht, and trade
ministers of the Union for the Mediterranean in Brussels.
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Dow Jones Indexes Licensed To BFX 11/11/2010 Dow Jones Indexes has announced that the Bahrain Financial Exchange, the first multi-asset exchange in the Middle East and North Africa region, has signed a licensing agreement to issue financial products based on five regional Dow Jones index products.
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Orascom Receives Further Algerian Tax Notice 10/1/2010 Egyptian telecom company, Orascom Telecom, has announced that its Algerian
subsidiary, Orascom Telecom Algérie, has received a preliminary notification
from the Algerian tax authorities for reassessed taxes in the amount of some DZD17bn in respect of the 2008 and 2009 tax years.
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Israeli Companies Question EMG's Duty Exemption 8/20/2010 While the Shesinski Committee considers the future of oil and gas regulation and taxation and plans to publish its findings before the end of October, gas exploration companies operating in Israel, including Delek Group and Noble Energy, are questioning in court the right of the East Mediterranean Gas Supply Company to import gas from Egypt free of import duty.
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Switzerland, Egypt Sign Investment Agreement 6/10/2010 Switzerland and Egypt have signed an agreement on the Promotion and Reciprocal Protection of Investments.
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MENA Insurers Urged To Strengthen Corporate Governance 6/2/2010 The United Arab Emirates Minister for the Economy, Sultan Bin Saeed Al Mansoori,
has called on the insurance and financial sector to push forward with the adoption
of modern corporate governance and transparency measures to ensure the Middle
East and North Africa insurance industry realises its ‘vast potential
for growth’.
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Africa Should Broaden Tax Base 5/25/2010 The African Development Bank, the Organisation for Economic Cooperation and
Development, and the UN Economic Commission for Africa, have published a joint report focusing in particular on the continent’s
fiscal resilience to the financial crisis, and an analysis of appropriate tax policy going
forward.
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Egypt Urged To Forge Ahead With VAT 4/20/2010 The International Monetary Fund has urged the Egyptian government to introduce tax reforms which were dropped last year amid the economic crisis now that its economy has strengthened.
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Orascom Loses Algerian Tax Appeal 4/6/2010 Egyptian telecom company, Orascom Telecom, has announced that its Algerian
subsidiary, Orascom Telecom Algérie has been served a rejection of its
second appeal, filed on March 9, 2010, disputing the notice for taxes and penalties
it had received from the Algerian tax authorities in November 2009.
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Egypt And Russia Schedule FTA Talks 3/15/2010 It has been announced that the negotiations for a free trade agreement between
Egypt and Russia will be held during an official meeting between the two countries
in July this year.
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Orascom Loses Algerian Tax Appeal 3/12/2010 Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary,
Orascom Telecom Algérie, has received a rejection to its appeal,
made in December last year, against the notice for taxes and penalties it had
received from the Algerian tax authorities the month previously.
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