Ashraf al-Araby

January 22, 2013

Government to lift diesel subsidies for tourism sector in May

Minister of Planning and International Cooperation Ashraf al-Araby has announced that the Cabinet will remove subsidies on diesel fuel sold…

January 10, 2013

The Cabinet’s proposed anti-corruption program could save the country up to US$4 billion, Minister of Planning and International Cooperation Ashraf…

January 2, 2013

As the value of the pound falls and the country struggles to deal with a foreign currency shortfall, Planning and…

December 31, 2012

Egypt's budget deficit in the year to end-June 2013 could widen by 50 percent from the original forecast made in…

December 26, 2012

The government will not implement a series of planned tax increases until it completes a dialogue with different parts of…

November 21, 2012

The Cabinet will remove subsidies on octane 95 gasoline, International Cooperation and Planning Minister Ashraf al-Araby said Wednesday.

November 20, 2012

Egypt has reached a preliminary agreement with a team from the International Monetary Fund for a US$4.8 billion loan,…

October 29, 2012

An International Monetary Fund delegation is set to arrive in Cairo Tuesday to negotiate a US$4.8 billion loan requested by…

October 11, 2012

Planning Minister Ashraf al-Araby said the government plans to abolish the 95-octane gasoline subsidy before the end of the year.…

September 23, 2012

Planning and International Cooperation Minister Ashraf al-Araby signed Sunday morning a 940 million euro agreement of foreign financing for the…