fuel subsidies

Egypt’s economy grew by an estimated 4.0 per cent in the fiscal year ending June 2024, slightly higher than the 3.8…

Ramona Moubarak, Director for MENA Country Risk at BMI, Fitch Solutions, said Egypt’s inflation path is expected to…

Egypt is set to end fuel subsidies by December 2025, according to Mohamed Maait, executive director for the Arab…

Egypt’s spending on fuel subsidies dropped by about 65 percent to 21 billion Egyptian pounds ($1.34 billion) in…

Egypt plans to cut spending on fuel subsidies by 47 perecent in its 2020/21 budget to 28.193 Egyptian pounds…

Egypt has spent 60.1 billion Egyptian pounds ($3.51 billion) on fuel subsidies during the first nine months of…

A finance ministry report on Egypt’s new budget (2019/20) showed that fuel subsidies will be reduced by 36.112…

Egypt will slash subsidies on most energy products by June 15, it told the International Monetary Fund in a January…

Egypt on Saturday hiked gasoline prices by up to 50 percent, under an IMF reform plan calling for austerity…

Egypt’s fuel subsidies jumped by 34 percent to 51 billion Egyptian pounds ($2.9 billion) from during the fist half…

Egypt is not considering a rise in fuel prices before 30 June 2018, at the end of the current financial year, and…

Egypt’s inflation is expected to rebound between 12 and 13 percent in a period of six and nine months, finance…

Egypt's new budget and lower electricity and fuel subsidies demonstrate a continued commitment to fiscal…

Egypt has assigned 145 billion Egyptian pounds ($8 billion) for fuel subsidies and 80 billion pounds for…

The International Monetary Fund is encouraged by Egypt's efforts to remove fuel subsidies within three years and…

Egypt’s government will reduce spending on fuel subsidies to 33 billion Egyptian pounds in the 2017/18 draft budget…

Egypt's government spent 78 billion Egyptian pounds ($4.32 billion) on fuel subsidies in the first nine months of…

Egypt's Finance Minister Amr al-Garhy announced Sunday the government is studying the application of new cuts to…

Egypt is planning to lift fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of…

Egypt is to reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due mainly to lower global…

Egypt’s petroleum minister stated Monday that the country is “suffering” due to fuel subsidies, saying these funds…

The continued collapse in oil prices will encourage Egyptian government to slash fuel subsidies once more to reduce…

Egypt has earmarked 61 billion Egyptian pounds ($8 billion) for fuel product subsidies in the draft 2015/2016…

Egypt is to carry out a long-planned smart card system for fuel at gas stations starting on 15 June, Planning…

Egypt will push ahead with plans to phase out a costly energy subsidy, the country’s finance minister says, as…

Fitch Ratings has upgraded the Long-term Issuer Default Ratings (IDR) of the National Bank of Egypt, largest…

Egypt spent 22 billion Egyptian pounds ($3.08 billion) on fuel subsidies in the first quarter of fiscal year…

Egypt's bourse trimmed early losses to end Sunday's sessions lower with losses totalling 1.3 billion Egyptian…

Egypt's stocks ended Tuesday's session higher with gains totalling 3.6 billion Egyptian pounds bolstered by…

More than a week after President Abdel Fattah al-Sisi slashed fuel subsidies by up to 80 per cent there have been…

Egypt's budget deficit reached 7.1 percent of its gross domestic product (GDP) in the first nine months of the…

Egypt will need further international assistance to put its economy back on track despite receiving huge loans from…

Egypt’s budget deficit registered EGP 74.5 billion ($10.8 billion) in the first four months of the current fiscal…

One person was killed when anti-government protests and clashes with police erupted in five Sudanese cities on…

Egypt is relying increasingly on large Swiss trading houses for fuel supplies as it struggles to avoid energy…

Egypt's worsening fiscal gap is a concern but the International Monetary Fund is still ready to continue talks on a…

Egypt aims next month to issue a schedule of gradual rises in the subsidized prices various industries pay for…

Egypt's currency crisis has intensified its oil supply troubles, as the weaker pound makes it more difficult for…