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Senators voting on tax reform bill in senate chamber
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Senate approves idea to legislate reconstruction tax reform bill

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The Senate this week approved the idea of legislating the national reconstruction bill with 26 votes in favor. The initiative seeks to cut the corporate tax rate from 27% to 23% and establishes tax invariability.

Ahmed Rostom and Abdel Aziz Konsowa met to enhance coordination on innovation and entrepreneurship in Egypt. The discussion focused on supporting university researchers and transforming ideas into businesses. It aligns with directives from Prime Minister Mostafa Madbouly.

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Banco de la República reported remittances hit US$1.189 billion in May, up 8.5% from the prior year.

Arctic Paper Grycksbo has begun negotiations with unions on a possible reorganization.

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The blue dollar ended Friday, June 26 at $1,515 for sale, down 0.99%. The Central Bank bought USD 50 million and reserves rose USD 120 million.

Luay Ahmadi of GFH Financial Group highlighted the benefits of Chinese super apps during the ongoing 2026 Summer Davos Forum in Dalian.

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South Korea will lower the cap on fuel prices to reflect the recent decline in global crude oil prices while freezing electricity and gas rates in the second half, Finance Minister Koo Yun-cheol said on Friday.

 

 

 

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