Egypt’s spending on fuel subsidies dropped by about 65 percent to 21 billion Egyptian pounds ($1.34 billion) …
fuel subsidies
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Egypt plans to cut spending on fuel subsidies by 47 perecent in its 2020/21 budget to 28.193 …
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FeatureIndustry & TradeTech/AI
Egypt spends $3.51bn on fuel subsidies in first nine months of FY19 – minister
Egypt has spent 60.1 billion Egyptian pounds ($3.51 billion) on fuel subsidies during the first nine months …
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A finance ministry report on Egypt’s new budget (2019/20) showed that fuel subsidies will be reduced by …
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Egypt will slash subsidies on most energy products by June 15, it told the International Monetary Fund …
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Egypt on Saturday hiked gasoline prices by up to 50 percent, under an IMF reform plan calling …
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Industry & Trade
Egypt’s fuel subsidies increase 34% in H1 of FY2017/18: minister
by Yomna Yasserby Yomna YasserEgypt’s fuel subsidies jumped by 34 percent to 51 billion Egyptian pounds ($2.9 billion) from during the …
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Industry & Trade
Egypt won’t cut fuel subsidies before July 2018: minister
by Yomna Yasserby Yomna YasserEgypt is not considering a rise in fuel prices before 30 June 2018, at the end of …
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Banks
Egypt’s inflation to rebound to 12-13% in six months: minister
by Yomna Yasserby Yomna YasserEgypt’s inflation is expected to rebound between 12 and 13 percent in a period of six and …
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Financial Institutions
Fitch says Egypt’s budget, energy price hikes show fiscal commitment
by Yomna Yasserby Yomna YasserEgypt’s new budget and lower electricity and fuel subsidies demonstrate a continued commitment to fiscal consolidation and …