energy subsidies

Egypt’s new electricity prices start applying Thursday, with 13% increase
Egypt

Egypt’s new electricity prices start applying Thursday, with 13% increase

Electricity distribution companies in Egypt will start applying the new prices for electricity to homes on Thursday, according to the…
Egyptian govt announces new increases to price of electricity
Economy

Egyptian govt announces new increases to price of electricity

Egyptian Electricity Minister Mohamed Shaker during a press conference on Tuesday announced the annual increases in electricity prices for domestic…
Moody’s expects Egypt’s GDP to increase by 6 percent by 2021
Egypt

Moody’s expects Egypt’s GDP to increase by 6 percent by 2021

Moody’s investors service said that Egypt’s commitment to economic reforms in cooperation with the World Bank and improvements in the…
Egypt’s economy seen growing 5.5 pct in year to end of June
Business

Egypt’s economy seen growing 5.5 pct in year to end of June

CAIRO (Reuters) – Egypt’s economy is expected to grow 5.5 percent in the fiscal year that ends in June, according…
No increase in fuel prices in current fiscal year: Finance minister
Business

No increase in fuel prices in current fiscal year: Finance minister

Finance Minister Amr al-Garhy denied that the government plans an increase in fuel prices during the current fiscal year, adding…
Egypt’s foreign reserves rose by $180 million in June: CBE
Business

Egypt’s foreign reserves rose by $180 million in June: CBE

The Central Bank of Egypt (CBE) announced that the country’s foreign reserves rose by $180 million in June, an increase…
Smart cards system ready for projected increase in fuel prices
Egypt

Smart cards system ready for projected increase in fuel prices

Egypt cabinet ministers held a follow-up meeting for the first phase of the smart cards scheme, in which an electronic…
Egypt is planning new cuts to energy subsidies, says Finance Minister
Business

Egypt is planning new cuts to energy subsidies, says Finance Minister

Egypt's Finance Minister Amr al-Garhy said on Sunday the government is studying the application of new cuts to fuel subsidies. The…
Egypt’s 2015/16 petroleum subsidy spending down 23 percent
Business

Egypt’s 2015/16 petroleum subsidy spending down 23 percent

Egypt's spending on petroleum subsidies fell by 23 percent in 2015/16 to 55 billion Egyptian pounds ($6.27 billion), Tarek al-Hadidi,…
Energy subsidies to be cancelled in 2025: Electricity Ministry
Egypt

Energy subsidies to be cancelled in 2025: Electricity Ministry

Energy subsidies will be reduced by 50 percent by 2020 and are expected to be cancelled by 2025, according to…
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