Egypt’s Fuel Smart Card System to start on 15 June: Minister
Egypt is to carry out a long-planned smart card system for fuel at gas stations starting on 15 June, Planning…
Browsing Tag
fuel subsidies
Egypt on a Mission to Restore Confidence in its Economy
Egypt will push ahead with plans to phase out a costly energy subsidy, the country’s finance minister says, as…
Fitch Upgrades Two Egyptian Banks Rating to ‘B’
Fitch Ratings has upgraded the Long-term Issuer Default Ratings (IDR) of the National Bank of Egypt, largest…
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 Stocks End lower on Sunday over Annual Inflation Data
Egypt's bourse trimmed early losses to end Sunday's sessions lower with losses totalling 1.3 billion Egyptian…
Egypt Stocks Gain EGP3.6bn, EGX30 Exceeds 8600 on Tuesday
Egypt's stocks ended Tuesday's session higher with gains totalling 3.6 billion Egyptian pounds bolstered by…
Op-Ed: Egypt’s al-Sisi Carries out Demands of IMF on Subsidies
More than a week after President Abdel Fattah al-Sisi slashed fuel subsidies by up to 80 per cent there have been…
Egypt’s Deficit Hits 7.1% of GDP in First 9 Months of Current Fiscal Year
Egypt's budget deficit reached 7.1 percent of its gross domestic product (GDP) in the first nine months of the…
IMF: Egypt to Need More Financial Support
Egypt will need further international assistance to put its economy back on track despite receiving huge loans from…
Egypt’s Budget Deficit Hits $10.8 bln in Jul-Oct 2013; Report
Egypt’s budget deficit registered EGP 74.5 billion ($10.8 billion) in the first four months of the current fiscal…
