Egypt’s fuel subsidy bill hiked by nearly one billion Egyptian pounds ($55.7 million) during the first quarter …
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subsidy
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Egypt News
100,000 electronic subsidy cards to be distributed in Egypt bread crisis
by Yomna Yasserby Yomna YasserThe bread crisis that struck some of the country’s governorates on Tuesday is now over, as the …
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Industry & Trade
Petroleum product subsidies to hit $5bn in Egypt’s FY2016-17 budget
by Noha Gadby Noha GadThe total volume of Egyptian subsidy on petroleum products is set to be raised to around 64 …
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Egypt News
Parliament supports Cabinet’s move to float pound, cut fuel subsidy
by Noha Gadby Noha GadThe Egyptian parliament’s majority bloc Support Egypt announced in a statement Saturday that it fully supports the …
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Banks
Egypt’s first tranche of IMF finance worth $4 bln, delivered in 2 installments
by Yomna Yasserby Yomna YasserThe $12 billion loan facility that the International Monetary Fund has preliminarily agreed to provide for Egypt …
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Industry & Trade
Cabinet plans extending Egypt’s electricity subsidy period until 2026
by Noha Gadby Noha GadEgyptian Cabinet plans to extend the subsidy period of electricity consumption prices until 2026, i.e. seven years …
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The cost of Egypt’s subsidy on oil has dropped by 42.2 percent to record 26 billion pounds …
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Egyptian government is set to remove the subsidy on services of electricity sector totally by 2019, Chairman …
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Egypt’s total budget deficit rose to register 2.8 percent of the country’s gross domestic product during the …
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Egypt’s President Abdel Fattah al-Sisi asked his government on Saturday to consider postponing a smart card system …
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