Egypt’s electricity tariffs rise 12%
Egypt's electricity tariffs for residential consumers increased by an average of 12 per cent. At the same time,…
Browsing Tag
energy subsidies
Six Figures that Define Egypt’s 2026 Budget: Resilience Test or Transition Plan?
Reading Egypt’s state budget is no longer an analytical luxury; it is a necessity for understanding how economic…
Egypt eyes 5.4% growth, EGP1.2t primary surplus in FY2026–27 budget
Egypt aims to achieve 5.4 per cent economic growth and a primary surplus of 1.2 trillion Egyptian pounds under the…
Factories at Crossroads: Egypt’s industrial sector between optimism, crisis
Over the past decade, Egypt has undergone sweeping economic changes, with industry positioned as a cornerstone of…
Senegal’s debt jumps amid rising fiscal pressures
Senegal’s public debt surged by the end of March 2025, reflecting mounting fiscal strain as the government…
URGENT: Egypt raises fuel prices
Egypt’s petroleum ministry announced on Friday an increase in domestic fuel prices, marking the first hike of 2025.
IMF sees Libya’s GDP rebound in ’25
The IMF projects Libya's GDP to rebound in 2025, driven by a recovery in oil production, following a downward…
Japan allocates additional $6.73b to energy subsidies
The Japanese government will allocate an additional 989.15 billion yen ($6.73 billion) from its fiscal 2024 reserve…
Egypt cuts energy subsidy spending in H2-2019
Egypt has cut its spending on energy subsidies to 9.88 billion Egyptian pounds ($631 million) during the second…
IMF to vote on final loan disbursal to Cairo on July 24 – Egypt PM
The International Monetary Fund (IMF) will vote on the disbursement of the final $2 billion tranche of a $12…
Egypt to continue to cut energy subsidies to reduce govt. expenditure
Egypt's Minister of Petroleum and Mineral Resources Tarek el-Molla said on Tuesday at the Arab Energy Forum in…
Egypt, Algeria eye less spending on subsidies
Egypt and Algeria should further lower energy subsidies to cut government spending and promote energy efficiency,…
Egypt’s annual urban inflation rises 14.4% in June: CAPMAS
Egypt’s annual urban consumer price inflation rose by 14.4 percent in June from 11.4 percent in May, the official…
Arab world’s energy subsidy bill shrinks to $98 billion in 2017: AMF
Spending on energy subsidies in the Arab world has dropped to around $98 billion in 2017 from $117 billion in 2015,…
IMF’s Lagarde urges no more use of energy subsidies, Egypt made a progress
International Monetary Fund (IMF) Managing Director Christine Lagarde has reiterated Saturday her call for removing…
IMF’s Lagarde urges no more use of energy subsidies, Egypt made a progress
International Monetary Fund (IMF) Managing Director Christine Lagarde has reiterated Saturday her call for removing…
Cabinet dismisses rumours of new fuel-price hikes in Egypt
The Egyptian Cabinet has dismissed "rumours" of new price hikes for fuel and petroleum products. The Cabinet's…
Egypt selects 5 banks to arrange next Eurobonds issuance
Egypt selected five banks to arrange its next dollar-denominated Eurobond issuance, Finance Minister Amr el-Garhy…
IMF: Egypt economic outlook is ‘favourable,’ urges continued reform efforts
The International Monetary Fund (IMF) has hailed on Wednesday Egypt’s economic reforms, which it said have curbed…
10.9% drop in Egypt’s FY2016/17 budget deficit
Egypt's budget deficit fell by 10.9 percent during the financial year year 2016/2017 from 12.5 percent during the…
Egypt’s FinMin: No fuel price hikes before July 2018
The government has no intention to raise fuel prices again for the current financial year 2017/2018, Egyptian…
Egypt petrol subsidy bill drops 29% in FY2015-2016
Egypt's spending on petroleum subsidies fell by 28.7 percent in the 2015-16 financial year to compared to one year…
Egypt’s 2014 in Review: 20 Political and Economic Milestones
2014 was as rich in political and economic milestones changes for Egypt, Amwal Al Ghad English demonstrates top 20…
Oil price drop to save Egypt LE30bn in energy subsidies, minister says
The global drop in oil prices will save Egypt a third of its fuel subsidy bill in the current fiscal year, the…
Egypt Spent $3bn on Fuel Subsidies in the First Quarter: Official
Egypt spent 22 billion Egyptian pounds ($3.08 billion) on fuel subsidies in the first quarter of fiscal year…
Egypt Central Bank Seen Keeping Rates on Hold as Inflation Eases
Egypt's central bank is expected to keep interest rates on hold on Thursday as inflationary pressure begins to ease…
Food Prices Seen 2% Rise on Fuel Subsidy Cut – Juhayna CEO
Egypt's recent hikes in fuel prices will not negatively affect food products, said CEO of one of the country's…
Egypt’s Sawiris Calls to Cut Energy-intensive Industries’ Subsidies
Egyptian business tycoon Naguib Sawiris has commended Sunday the government's decision to raise fuel and…
Egyptian NTRA Secures a Special Line to Provide Fuel for Mobile Operators
CEO of National Telecommunication Regulatory Authority (NTRA) Hisham Al-Alyali revealed that a special line for…
Cairo’s Chamber Urges Traders not to Raise Commodities Prices
Chairman of the Arab Chamber of Commerce in Cairo, Ibrahim Al-Araby urged the traders to taking into account the…
Egypt Raises Fuel Prices by Up to 78% from Midnight -Ministry Source
Egypt will raise fuel prices in ranges that reach up to a 78 percent hike starting midnight, an Oil Ministry source…
With Less energy subsidies, Egypt new budget awaits Sisi’s Approval Today
Egypt's government is expected to submit an amended budget for 2014-2015 to President Abdel Fattah al-Sisi within…
Egypt to Start Energy Subsidy Restructure in July: PM
Egypt will start restructuring energy subsidies as of July, coinciding with the coming fiscal year 2014/15, without…
Egypt Plans Economic Restructuring Ahead of May Elections
Egypt's interim government plans to expand the country's tax base and cut energy subsidies before the May elections…
Egypt Plans Smart Card System for Buying Fuel from 2014
Egypt is hoping to implement a smart card system at the start of 2014 for fuel purchases by vehicle drivers,…
Egypt Debts To Oil Firms Highlight Subsidies Struggle
Egypt owes at least $5 billion to oil companies, half of it overdue, corporate reports have revealed, in a…
Osama Kamal: Delaying Energy Subsidy Costs Egypt EGP0 bln
Egypt's minister of petroleum, Osama Kamal, said delaying the implementation of rationing the energy…