subsidies

New mobile gas stations will alleviate long lines, says minister
Business

New mobile gas stations will alleviate long lines, says minister

  Petroleum Minister Osama Kamal announced on Thursday that private fuel companies would begin setting up mobile fuel stations in…
Ministry says fuel crisis easing after new supply from Bulgaria
Egypt

Ministry says fuel crisis easing after new supply from Bulgaria

The fuel shortages eased as Egypt on Monday received a new 32 ton shipment from Bulgaria at the Alexandria seaport,…
Slow burn: Govt plans gas subsidy cuts, but logistics are unclear
Business

Slow burn: Govt plans gas subsidy cuts, but logistics are unclear

In a bold break with precedent, the 2012/13 state budget presented by former Prime Minister Kamal al-Ganzouri and his Cabinet…
US drought means Egypt may look elsewhere for wheat
Environment

US drought means Egypt may look elsewhere for wheat

Egypt might have to look beyond the world’s biggest wheat exporter to feed its hungry nation, after the worst drought…
Finance Ministry provides additional funding for wheat, petroleum subsidies
Business

Finance Ministry provides additional funding for wheat, petroleum subsidies

Finance Minister Momtaz al-Saeed decided to provide the Ministry of Supply and Internal Trade with LE1 billion to disburse payments…
White gold: Are Egypt’s cotton industries beyond salvation?
Environment

White gold: Are Egypt’s cotton industries beyond salvation?

Egypt’s extra-long staple cotton, acclaimed to be the world’s finest, has been in a state of rapid decline for the…
Deficit expected to swell with new budget
Business

Deficit expected to swell with new budget

  Prime Minister Kamal al-Ganzouri will hold a ministerial meeting on Saturday to discuss the budget for the coming fiscal…
Plan to abolish subsidies will distribute fuel with coupons, raise gas prices
Business

Plan to abolish subsidies will distribute fuel with coupons, raise gas prices

The government is planning the total abolition of subsidies for petroleum products by 2018, with official sources saying gasoline and…
UN report: Arab energy subsidies waste billions
World

UN report: Arab energy subsidies waste billions

Arab countries are wasting tens of billions of dollars on subsidies for petrol and energy but dare not roll them…
LE114 billion to be allocated for subsidizing petrol in the new budget
Business

LE114 billion to be allocated for subsidizing petrol in the new budget

Executive director of the Egyptian General Petroleum Corporation (EGPC) Hani Dahi said subsidies allocated for petroleum products will jump to…
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