energy subsidies

Public prosecutor detains six petroleum sector officials
Egypt

Public prosecutor detains six petroleum sector officials

Public Prosecutor Abdel Meguid Mahmoud on Tuesday ordered the detention of six officials from the Misr Petroleum Company for 15…
Subsidies for 95 octane fuel to be lifted soon, says Petroleum Ministry source
Business

Subsidies for 95 octane fuel to be lifted soon, says Petroleum Ministry source

Sources at the Petroleum Ministry expect that President Mohamed Morsy would lift subsidies on 95 octane fuel within days. On…
Qandil: Egypt should have a ‘knowledge-based economy’
Business

Qandil: Egypt should have a ‘knowledge-based economy’

Prime Minister Hesham Qandil said Wednesday that the government’s top priorities are security and economic and job growth. He added…
Slow burn: Govt plans gas subsidy cuts, but logistics are unclear
Business

Slow burn: Govt plans gas subsidy cuts, but logistics are unclear

In a bold break with precedent, the 2012/13 state budget presented by former Prime Minister Kamal al-Ganzouri and his Cabinet…
Govt to stop subsidizing energy for cement factories, says minister
Business

Govt to stop subsidizing energy for cement factories, says minister

  The government will no longer subsidize energy for new cement factories, including 14 factories for which licenses have already…
Govt raises gas prices for selected industries
Business

Govt raises gas prices for selected industries

The price of gas sold to factories that are not energy intensive has been raised to US$3 per million thermal…
Central Bank demands restructuring of energy subsidies
Business

Central Bank demands restructuring of energy subsidies

The deputy governor of the Central Bank of Egypt has called for the restructuring of energy subsidies, which are a…
UN report: Arab energy subsidies waste billions
World

UN report: Arab energy subsidies waste billions

Arab countries are wasting tens of billions of dollars on subsidies for petrol and energy but dare not roll them…
Clashes over scarce butane gas cylinders and diesel fuel
Egypt

Clashes over scarce butane gas cylinders and diesel fuel

Several Egyptian governorates witnessed clashes and quarrels between citizens on Tuesday over a limited supply of butane gas cylinders and…
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