energy subsidies
Egypt’s new electricity prices start applying Thursday, with 13% increase
Egypt
June 26, 2021
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
June 9, 2020
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
May 10, 2019
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
May 2, 2019
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
September 28, 2017
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
July 5, 2017
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
May 29, 2017
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
January 16, 2017
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
August 15, 2016
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
February 17, 2016
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…