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…
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fuel subsidies
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…
One Person Killed In Sudanese Protests Over Fuel Subsidies
One person was killed when anti-government protests and clashes with police erupted in five Sudanese cities on…
Large Swiss Traders Dominate Fuel Sales To Egypt
Egypt is relying increasingly on large Swiss trading houses for fuel supplies as it struggles to avoid energy…
IMF Says Egypt Budget Gap Worrying, Urges Yemen To Finalize Economic Program
Egypt's worsening fiscal gap is a concern but the International Monetary Fund is still ready to continue talks on a…
Egypt To Issue Schedule Next Month For Gradual Fuel Subsidy Cuts
Egypt aims next month to issue a schedule of gradual rises in the subsidized prices various industries pay for…
Egypt Struggles To Buy Oil As Currency Crisis Deepens
Egypt's currency crisis has intensified its oil supply troubles, as the weaker pound makes it more difficult for…