subsidies

Lack of security, monitoring to blame for fuel shortage: Minister
Egypt

Lack of security, monitoring to blame for fuel shortage: Minister

Minister of Petroleum Osama Kamal attributed the current diesel fuel crisis to the lack of monitoring and security as well…
57.5% of Egyptians do not make ends meet: Govt survey
Business

57.5% of Egyptians do not make ends meet: Govt survey

A survey of Cabinet’s Information and Decision Support Center (IDSC) has shown that the incomes of 57.5 percent of Egyptian…
Energy subsidies will disappear by 2016, says minister
Business

Energy subsidies will disappear by 2016, says minister

Minister of Industry and Foreign Trade Hatem Saleh said Tuesday that energy subsidies for industrial firms would disappear over the…
Egypt announces fuel price hikes
Business

Egypt announces fuel price hikes

  Egypt's government announced new fuel prices for many sectors of the economy on Tuesday, which industry sources said were…
Govt has ‘plan b’ if IMF negotiations fail
Business

Govt has ‘plan b’ if IMF negotiations fail

  The Cabinet plans to invite the International Monetary Fund delegation to Cairo next month to resume negotiations over a…
Tourism union speaks out against fuel subsidy removal plan
Egypt

Tourism union speaks out against fuel subsidy removal plan

The government decision this week to remove subsidies on diesel designated for the tourism sector is a disaster, Khaled al-Mennawy,…
Government to lift diesel subsidies for tourism sector in May
Egypt

Government to lift diesel subsidies for tourism sector in May

Minister of Planning and International Cooperation Ashraf al-Araby has announced that the Cabinet will remove subsidies on diesel fuel sold…
Subsidy on 95-octane gasoline to be lifted in 3 days, says Finance Ministry source
Egypt

Subsidy on 95-octane gasoline to be lifted in 3 days, says Finance Ministry source

The Finance Ministry will lift the subsidy on 95-octane gasoline in three days in a move that will bring savings…
Sealing the deal: Egypt closest it’s been to securing IMF loan
Business

Sealing the deal: Egypt closest it’s been to securing IMF loan

Egypt reached a preliminary agreement with an International Monetary Fund delegation Tuesday, putting into action the disbursement process for a…
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