Egypt’s fuel subsidy bill rises 1 bln pounds in Q1-FY2018/19
Egypt’s fuel subsidy bill hiked by nearly one billion Egyptian pounds ($55.7 million) during the first quarter of…
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subsidy
100,000 electronic subsidy cards to be distributed in Egypt bread crisis
The bread crisis that struck some of the country's governorates on Tuesday is now over, as the ministry is…
Petroleum product subsidies to hit $5bn in Egypt’s FY2016-17 budget
The total volume of Egyptian subsidy on petroleum products is set to be raised to around 64 billion Egyptian pounds…
Parliament supports Cabinet’s move to float pound, cut fuel subsidy
The Egyptian parliament's majority bloc Support Egypt announced in a statement Saturday that it fully supports the…
Egypt’s first tranche of IMF finance worth $4 bln, delivered in 2 installments
The $12 billion loan facility that the International Monetary Fund has preliminarily agreed to provide for Egypt…
Cabinet plans extending Egypt’s electricity subsidy period until 2026
Egyptian Cabinet plans to extend the subsidy period of electricity consumption prices until 2026, i.e. seven years…
Egypt’s oil subsidy cost drops 42% in six months- official
The cost of Egypt's subsidy on oil has dropped by 42.2 percent to record 26 billion pounds (US$3.321 billion) in…
Electricity subsidy to be totally removed by 2019- NREA
Egyptian government is set to remove the subsidy on services of electricity sector totally by 2019, Chairman of the…
Egypt’s budget deficit rose 2.8 % in Q1 of FY2015/2016
Egypt’s total budget deficit rose to register 2.8 percent of the country’s gross domestic product during the first…
Egypt Considers Postponing Fuel Subsidy Smart Card System
Egypt's President Abdel Fattah al-Sisi asked his government on Saturday to consider postponing a smart card system…
S&P revises Egypt Outlook to Positive, citing ‘Gradual Economic Recovery’
Ratings provider, Standard and Poor's updated its outlook on Egypt from "stable" to "positive" on Friday, citing…
EFG-Hermes: Egypt Will Not Get IMF Loan Before Q4/13
Cash-strapped Egypt will not obtain the International Monetary Fund’s long-awaited US$ 4.8 billion loan before the…
Egypt To Introduce Program To Cut Fuel Subsidy Within Six Months
Egypt, which is working to reduce government spending, plans to introduce smart cards for motorists within three to…
Hany Tawfik: Egypt’s Current Economic Challenges Urge Cost Reduction, Revenue Up
Hany Tawfik, chairman of the Arab Private Equity Association (APEA), said Egypt’s economic system has to…
Heikal: Egypt’s Subsidy System Restructure Is A Must
Citadel Capital Chairman and Founder Ahmed Heikal said investments in Egypt face three major challenges represented…