subsidies
Lack of security, monitoring to blame for fuel shortage: Minister
Egypt
March 11, 2013
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
March 4, 2013
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
February 26, 2013
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
February 20, 2013
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
February 14, 2013
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
January 23, 2013
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
January 22, 2013
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
November 22, 2012
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
November 20, 2012
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…