The total volume of spending on Egypt’s oil subsidies dropped 23 percent in financial year 2015-16, Chairman …
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subsidies
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Egypt News
Economic situation is critical, all Egyptians must cooperate face this ordeal: Sisi
by aya salahby aya salahPresident Abdel-Fattah al-Sisi reiterated on Saturday that Egypt is facing major economic challenges, saying authorities and citizens …
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Tech news
Egypt’s ITIDA mulls boosting export subsidies on IT services
by Ghada Ismailby Ghada IsmailInformation Technology Industry Development Agency (ITIDA), the IT arm of the Egyptian telecoms ministry, studies increasing the …
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Industry & Trade
Egypt to cut price of gas to steel and iron factories – minister
by Yomna Yasserby Yomna YasserEgypt will reduce the price it offers natural gas to steel and iron factories to $4.5 per …
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Egypt has more rice than it needs but little available for those who need it most. The …
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Many Egyptian MPs are warning the government against “any shocking measures” that might hit hard poor and …
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Egypt News
Egypt’s budget deficit up to 4.9% in Jul-Nov on debt service, subsidies
by aya salahby aya salahEgypt’s budget deficit edged up to 4.9 percent of the GDP in the first five months of …
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China plans to gradually reduce the amount of subsidies for new-energy vehicles and will stop providing financial …
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Saudi Arabia said Monday it was raising petrol prices by more than 50 percent for some products …
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Egypt News
CAPMAS: Egypt’s subsidies in July, August nearly triple in y-o-y rise
by Yomna Yasserby Yomna YasserSubsidies in July and August 2015 cost the Egyptian government 15.8 billion Egyptian pounds (US$2 billion), a whopping 300 …