energy subsidies

Gas and butane prices pushed inflation up to 10.9% in February
Business

Gas and butane prices pushed inflation up to 10.9% in February

The urban consumer price index for February this year was 121.1 versus 110.9 a year earlier, pushed up by the…
Finance minister: Egypt needs US$11bn for economic reform program
Business

Finance minister: Egypt needs US$11bn for economic reform program

Egypt will need about US$11 billion to finance an economic reform program over the next few years, said the finance…
Petroleum minister criticizes continued energy subsidies
Egypt

Petroleum minister criticizes continued energy subsidies

Petroleum and Mineral Resources Minister Abdullah Ghorab criticized on Monday the continued government policy of energy subsidies at the expense…
Finance minister: Subsidies are Egypt’s greatest enemy
Business

Finance minister: Subsidies are Egypt’s greatest enemy

Subsidies are Egypt's greatest enemy in the transitional period, Finance Minister Hazem al-Beblawy has said, claiming that the government is…
Lifting energy subsidies won’t harm industry, official says
Business

Lifting energy subsidies won’t harm industry, official says

Egyptian industry will not be affected if the government decides to lift energy subsidies, said Industrial Devleopment Authority Chief Ismail…
Egypt mulls removing energy subsidies for certain industries
Business

Egypt mulls removing energy subsidies for certain industries

The government is considering removing its energy subsidies to the steel, cement, fertilizers, and ceramics industries, said Deputy Prime Minister…
IMF calls on Egypt to abolish subsidies on petroleum products
Business

IMF calls on Egypt to abolish subsidies on petroleum products

The International Monetary Fund (IMF) has projected an increase in Egypt’s inflation rate, which, the organization noted, would further burden…
Foreign experts demand decrease in Egyptian energy prices
Business

Foreign experts demand decrease in Egyptian energy prices

Foreign experts and investors are demanding that Egypt lower its energy prices, saying that Egypt's prices are the second only…
Global trade body urges Egypt to abolish energy subsidies
Business

Global trade body urges Egypt to abolish energy subsidies

Michele Ruta, economy expert at the research and statistics division of the International Trade Organization (ITO), has called on the…
NDP official: Energy subsidy reductions still subject to debate
Business

NDP official: Energy subsidy reductions still subject to debate

The notion of lifting subsidies on energy products remains subject to discussion and debate among representatives of various ministries within…
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