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India: Lower corporate tax for new companies will not be applicable for firms are involved in mining, marble blocks into slabs

Only new companies involved in mainstream manufacturing will be entitled for a lower corporate tax rate of 15 percent, according to a bill tabled in the Lok Sabha on Monday. The Taxation Laws (Amendment) Bill, 2019 clarified that lower corporate tax for new companies will not be applicable for firms that develop computer software, are

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Egypt commence construction of the Egypt’s Iconic Tower

Construction of the Iconic Tower in Egypt’s new administrative capital has began. Housing Minister Asem al-Gazzar revealed the report and said that foundation works has commenced. The Iconic Tower is one of several Dubai-style mega projects being built in the new administrative capital. The base of about 18,500 cubic concrete and 5000 tons of reinforced

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United Kingdom’s Marble and Granite Imports Value: 2019 First Half Growth

The United Kingdom imported €601.41 billion worth of goods from around the globe in 2018. That metric reflects a 4.4% uptick from 2017 to 2018. Natural stone imports, both rough and finished, represent almost 0.03.% of total UK’s import value. More specifically, in 2018, UK imported marble and granite, both in blocks and slabs as

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Islamabad Chamber of Commerce and Industry: For Focusing On Development Of Marble Industry

President, Islamabad Chamber of Commerce and Industry Muhammad Ahmed Waheed on Monday urged the government to focus on the betterment and development of marble industry, which has great potential to promote exports and help the economy to improve. He said this while talking to a delegation of local marble industry that called on him led by Muhammad Shakeel Munir, former Chairman, All Pakistan Marble Industries Association. Group Chairman Saleem Mughal, Mian Abdul Sami, Naeem

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Turkish natural stone sector focuses on South America

The Turkish natural stones sector, which makes $2 billion export annually, is finding new markets in South American countries such as Brazil, Argentina and Chile, the head of Istanbul Mineral Exporters’ Association (IMIB) said. The natural stones sector must diversify export destinations due to contractions in its export markets including China, Aydin Dincer told Anadolu

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Middle East and North Africa (MENA) construction boom: Saudi leads market, Egypt, Ethiopia shine in Africa

Construction activity in the Middle East and North Africa (MENA) region has been relatively sluggish and is forecast to grow at 3.3 percent in 2019. However, after a lacklustre 2019, construction growth in the region is forecasted to steadily improve in the next four years, to reach 4.9 percent by 2022-2023, data and analytics company

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US Finished Marble Products Imports from Italy: 2019 First Half Growth

The US is Italy’s top destination of finished marble products exports. Although China was holding the leading position in finished marble products imports by the US in the last two years, in 2019 Italy takes the lead. More specifically, during the first half of 2019, the US finished marble products imports from Italy represent 31.28%

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