May 15, 2008

Dr. Yousef Boutros Ghali, Minister of Finance, announced that the government will not impose any taxes on capital gains from the stock market at the present time or in the future. (Al Ahram)

The Egyptian economy grew at an annualized rate of 7.5% during January-March 2008, faster than the government had predicted, compared to 8.1% during October-December 2007 and 7.4% during January-March 2007. (Reuters)