“No further fuel price increase in 2018,” says oil minister
Egypt's Petroleum and Mineral Resources Minister Tarek El-Molla denied late on Friday any reports that further…
Browsing Tag
Subsidy Cuts
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 Business Activity Shrinks In July After Subsidy Cuts –PMI
Business activity in Egypt shrank in July, a survey showed on Tuesday, in a sign the economy remains fragile after…
Subsidy Cuts A ‘Very Important Step’: EU Ambassador
James Moran, head of European Union Delegation to Egypt, welcomed the recent decision taken by the Egyptian…
Egypt’s Prime Minister Seeks to Justify Fuel Subsidy Cuts
Egypt's prime minister has sought to justify politically sensitive subsidy cuts on fuel and natural gas which took…
IMF Says Still Ready to Aid Egypt When Needed
The International Monetary Fund remains ready to provide aid to Egypt when Cairo requests it, a senior IMF official…
Subsidy Cuts And Tax Amendments In Egypt’s Near Future: Ministers
Egypt's government is gearing up to revise the structure of state expenditure, as well as many revenue sources,…
