Egypt is ‘suffering’ due to high fuel subsidies: oil minister
Egypt’s petroleum minister stated Monday that the country is “suffering” due to fuel subsidies, saying these funds…
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fuel subsidies
Oil price drop spurs Egypt fuel subsidy phase-out once more
The continued collapse in oil prices will encourage Egyptian government to slash fuel subsidies once more to reduce…
Egypt Earmarks $8 Bln For Fuel Subsidies In 2015/2016
Egypt has earmarked 61 billion Egyptian pounds ($8 billion) for fuel product subsidies in the draft 2015/2016…
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…
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…