energy subsidies
Energy subsidies will disappear by 2016, says minister
Business
February 26, 2013
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
January 20, 2013
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
January 3, 2013
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
December 27, 2012
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
November 18, 2012
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
November 18, 2012
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
November 14, 2012
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
November 2, 2012
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
October 29, 2012
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
October 29, 2012
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,…