subsidy

34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera
Features/Interviews

34% of Egyptians decreased their consumption following waves of subsidy cuts: Baseera

A poll conducted by the Egyptian Center for Public Opinion Research (Baseera) stated on Monday that 34 percent of Egyptians…
Petroleum Minister denies news reports on increasing gasoline prices
Egypt

Petroleum Minister denies news reports on increasing gasoline prices

Petroleum Minister Tareq al-Mulla said the plan on subsidy restructuring was previously drawn to ensure that subsidies go to those…
Minister: No increase in subsidy allocated for exports
Business

Minister: No increase in subsidy allocated for exports

Trade and Industry Minister Mounir Fakhry Abdel Nour said allocations for subsidized exports will not increase in the 2015-2016 budget,…
Minister: Fuel smart card system to be applied in April
Business

Minister: Fuel smart card system to be applied in April

The cabinet has decided to apply the new fuel smart card system in all governorates starting April, Planning Minister Ashraf…
Govt finishes subsidy lifting scheme pending approval by next parliament
Business

Govt finishes subsidy lifting scheme pending approval by next parliament

The government has concluded a scheme to lift energy subsidies, according to a senior official, but added that it will…
PM says not reforming subsidy system is treason
Business

PM says not reforming subsidy system is treason

Prime Minister Ibrahim Mehleb said on Sunday that the Egyptian government is determined to carry out financial and economic reform. "The…
Finance Minister says LE36 billion to be saved after applying the smart card system
Egypt

Finance Minister says LE36 billion to be saved after applying the smart card system

Nagui al-Ashqar, head of the Finance Ministry’s technical office, said that a smart card system for subsidizing petroleum substances would…
Egypt subsidy bill on high side for coming period, says trade minister
Business

Egypt subsidy bill on high side for coming period, says trade minister

Abu Dhabi--Egypt's food subsidy bill is expected to be on the high side in 2010/11 with the state spending an…
Govt plans to increase supply of basic commodities
Business

Govt plans to increase supply of basic commodities

The Ministry of Investment has approved a state-run plan to increase the supply of basic commodities in a bid to…
Ruling party calls for abolishment of petroleum subsidy
Business

Ruling party calls for abolishment of petroleum subsidy

 The energy committee of the National Democratic Party has called for the abolition of the subsidies on petroleum products over…
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