fuel subsidies

Minister: Egypt considers cutting fuel subsidies by LE20 bln next year
Egypt

Minister: Egypt considers cutting fuel subsidies by LE20 bln next year

Egypt is considering whether to reduce fuel subsidies by 20 billion Egyptian pounds ($2.64 billion) next fiscal year, but it…
Egypt expects 25 % savings on fuel subsidies due to cheaper oil
Egypt

Egypt expects 25 % savings on fuel subsidies due to cheaper oil

Egypt expects to spend 25 percent less than budgeted for on fuel subsidies this fiscal year due to a fall…
Egypt slashes spending on fuel subsidies by 29% in 2014–15 First Quarter
Egypt

Egypt slashes spending on fuel subsidies by 29% in 2014–15 First Quarter

Egypt spent 22 billion Egyptian pounds( US$3.08 billion) on fuel subsidies in the first quarter of fiscal year 2014-2015, down…
Source: Yemen government offers to resign within a month to end Houthi protests
World

Source: Yemen government offers to resign within a month to end Houthi protests

Yemen's government offered on Saturday to resign within a month and to review an unpopular decision to cut fuel subsidies…
Egypt to issue schedule next month for gradual fuel subsidy cuts
Business

Egypt to issue schedule next month for gradual fuel subsidy cuts

Egypt aims next month to issue a schedule of gradual rises in the subsidised prices various industries pay for fuel,…
Minister: Govt considering three ways to subsidize fuel next fiscal year
Egypt

Minister: Govt considering three ways to subsidize fuel next fiscal year

The government is considering three ways to identify allocations for fuel subsidies in the new fiscal year 2013/14, which starts…
Govt investigating how to continue funding energy subsidies
Business

Govt investigating how to continue funding energy subsidies

Finance Ministry officials and representatives from the General Petroleum Corporation are currently discussing the amount of funding required to continue…
More diesel shortages, official predicts
Egypt

More diesel shortages, official predicts

Diesel shortages may grow more severe in March as import allocations fall short, an official source at the Egyptian General…
Egyptian stock market falls 0.03 %
Business

Egyptian stock market falls 0.03 %

The EGX30, the Egyptian Stock Exchange's benchmark index, fell 0.03 percent Tuesday, signaling a possible slowdown since it began reporting…
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