Egypt’s economic outlook improves – poll
Egypt’s economy grew by an estimated 4.0 per cent in the fiscal year ending June 2024, slightly higher than the 3.8…
Browsing Tag
fuel subsidies
Fitch Solutions: Egypt inflation to face temporary bumps, rate cuts remain likely
Ramona Moubarak, Director for MENA Country Risk at BMI, Fitch Solutions, said Egypt’s inflation path is expected to…
Egypt to phase out fuel subsidies by Dec 2025: IMF official
Egypt is set to end fuel subsidies by December 2025, according to Mohamed Maait, executive director for the Arab…
Egypt’s fuel subsidies fall 65% in nine months – official
Egypt’s spending on fuel subsidies dropped by about 65 percent to 21 billion Egyptian pounds ($1.34 billion) in…
Egypt to cut fuel subsidies by 47% in 2020/21 budget
Egypt plans to cut spending on fuel subsidies by 47 perecent in its 2020/21 budget to 28.193 Egyptian pounds…
Egypt spends $3.51bn on fuel subsidies in first nine months of FY19 – minister
Egypt has spent 60.1 billion Egyptian pounds ($3.51 billion) on fuel subsidies during the first nine months of…
Egypt’s new budget cuts fuel subsidies 40% in FY20: FinMin
A finance ministry report on Egypt’s new budget (2019/20) showed that fuel subsidies will be reduced by 36.112…
Egypt to remove fuel subsidies as it nears end of IMF programme
Egypt will slash subsidies on most energy products by June 15, it told the International Monetary Fund in a January…
Egypt hikes fuel prices in IMF-backed austerity drive
Egypt on Saturday hiked gasoline prices by up to 50 percent, under an IMF reform plan calling for austerity…
Egypt’s fuel subsidies increase 34% in H1 of FY2017/18: minister
Egypt’s fuel subsidies jumped by 34 percent to 51 billion Egyptian pounds ($2.9 billion) from during the fist half…