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…
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energy subsidies
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…