energy subsidies

Energy subsidies will disappear by 2016, says minister
Business

Energy subsidies will disappear by 2016, says minister

Minister of Industry and Foreign Trade Hatem Saleh said Tuesday that energy subsidies for industrial firms would disappear over the…
Finance minister: economic reform provides state budget with LE31.2 billion
Business

Finance minister: economic reform provides state budget with LE31.2 billion

Finance Minister Morsy Hegazy said that with the government’s economic reform program the Egyptian economy will be able to overcome…
Lifting subsidies, without impoverishing the people
Business

Lifting subsidies, without impoverishing the people

As the Egyptian government comes to terms with its dwindling funds and struggles to navigate a worsening financial crisis, the…
Turning to gas imports will weigh on Egypt’s budget
Business

Turning to gas imports will weigh on Egypt’s budget

Egypt will start importing natural gas for the first time due to rising local demand that is now outstripping supply,…
Investor: Butane cylinders to be distributed by coupons next month
Business

Investor: Butane cylinders to be distributed by coupons next month

The Egyptian government has said it will start applying a coupon system for the distribution of butane gas cylinders next…
Electricity prices haven’t changed since 2008, minister says
Business

Electricity prices haven’t changed since 2008, minister says

Electricity prices have not changed since 2008, the electricity and energy minister said Sunday. Electricity and Energy Minister Mahmoud Saad…
In lifting 95-octane subsidy, government takes small bite out of deficit
Business

In lifting 95-octane subsidy, government takes small bite out of deficit

The Egyptian government has announced that it will lift the subsidy on 95-octane gasoline in the coming week, taking the…
Government moves to rein in energy subsidy bill
Business

Government moves to rein in energy subsidy bill

The government has taken a first step to getting expensive energy subsidies under control, a key component of an economic…
State losing billions on energy subsidies, says minister
Business

State losing billions on energy subsidies, says minister

The delay in implementing energy subsidy cuts is costing the state LE10 billion every three months, claimed Petroleum Minister Osama…
Demand grows and inequalities widen in Egypt’s gas industry
Business

Demand grows and inequalities widen in Egypt’s gas industry

The simple act of turning on a stove can mean two very different things for Egyptian families. In one case,…
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