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…
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energy subsidies
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…
