energy

Government begins reduction of subsidized energy
Business

Government begins reduction of subsidized energy

The Egyptian government began its plan to eliminate energy subsidies to most industrial sectors late last month, to the dismay…
Electricity Minister calls for rethinking energy subsidies
Business

Electricity Minister calls for rethinking energy subsidies

Electricity Minister Hassan Younis on Sunday declared that the government should "reconsider" its current policy of subsidizing energy."People often use…
Cabinet mulls electricity rationing measures
Egypt

Cabinet mulls electricity rationing measures

Minister of Electricity and Energy Hassan Younis has called on Egyptians to take steps to rein in their electricity consumption.“The…
Algeria announces new law restricting foreign investment
Business

Algeria announces new law restricting foreign investment

Algeria announced a series of measures on Sunday that will give preferential treatment to domestic firms over foreign rivals, strengthening…
Govt to continue raising energy prices
Business

Govt to continue raising energy prices

The industrial energy pricing committee will meet today to decide on the percentage increase in the prices of natural gas…
World Bank grants Egypt $220 million for wind energy
Business

World Bank grants Egypt $220 million for wind energy

The World Bank has offered Egypt a US$220 million loan to support a wind energy development project. The Clean Technology…
Investment minister objects to energy subsidies
Business

Investment minister objects to energy subsidies

Investment Minister Mahmoud Mohieddin said on Thursday that he is against subsidizing energy."The rich consume more energy, and they should…
Committee to decide energy price hikes for industrial sector
Business

Committee to decide energy price hikes for industrial sector

The industrial energy pricing committee is scheduled to meet Tuesday to decide whether or not a second phase of energy…
Egypt must restructure subsidies
Opinion

Egypt must restructure subsidies

There is almost a consensus that the existing subsidies system in Egypt is dysfunctional.The Minister of Economic Development has recently…
Egypt to cooperate with Nile basin countries on electricity projects
Egypt

Egypt to cooperate with Nile basin countries on electricity projects

Ethiopian Minister of Mines and Energy Alemayehu Tegenu told Al-Masry Al-Youm there should be no problems in funding a tripartite…
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