energy

NDP official: Energy subsidy reductions still subject to debate
Business

NDP official: Energy subsidy reductions still subject to debate

The notion of lifting subsidies on energy products remains subject to discussion and debate among representatives of various ministries within…
Ruling party calls for abolishment of petroleum subsidy
Business

Ruling party calls for abolishment of petroleum subsidy

 The energy committee of the National Democratic Party has called for the abolition of the subsidies on petroleum products over…
Government begins reduction of subsidized energy
Business

Government begins reduction of subsidized energy

The Egyptian government began its plan to eliminate energy subsidies to most industrial sectors late last month, to the dismay…
Electricity Minister calls for rethinking energy subsidies
Business

Electricity Minister calls for rethinking energy subsidies

Electricity Minister Hassan Younis on Sunday declared that the government should "reconsider" its current policy of subsidizing energy."People often use…
Cabinet mulls electricity rationing measures
Egypt

Cabinet mulls electricity rationing measures

Minister of Electricity and Energy Hassan Younis has called on Egyptians to take steps to rein in their electricity consumption.“The…
Algeria announces new law restricting foreign investment
Business

Algeria announces new law restricting foreign investment

Algeria announced a series of measures on Sunday that will give preferential treatment to domestic firms over foreign rivals, strengthening…
Govt to continue raising energy prices
Business

Govt to continue raising energy prices

The industrial energy pricing committee will meet today to decide on the percentage increase in the prices of natural gas…
World Bank grants Egypt $220 million for wind energy
Business

World Bank grants Egypt $220 million for wind energy

The World Bank has offered Egypt a US$220 million loan to support a wind energy development project. The Clean Technology…
Investment minister objects to energy subsidies
Business

Investment minister objects to energy subsidies

Investment Minister Mahmoud Mohieddin said on Thursday that he is against subsidizing energy."The rich consume more energy, and they should…
Committee to decide energy price hikes for industrial sector
Business

Committee to decide energy price hikes for industrial sector

The industrial energy pricing committee is scheduled to meet Tuesday to decide whether or not a second phase of energy…
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