subsidies

Clashes over scarce butane gas cylinders and diesel fuel
Egypt

Clashes over scarce butane gas cylinders and diesel fuel

Several Egyptian governorates witnessed clashes and quarrels between citizens on Tuesday over a limited supply of butane gas cylinders and…
Official: LE8 bln wasted from bread subsidy every year
Business

Official: LE8 bln wasted from bread subsidy every year

Eight billion Egyptian pounds out of LE20 billion in bread subsidies is wasted, said Anwar al-Naqib, advisor to the minister…
UN to help develop Egypt subsidy system, says minister
Egypt

UN to help develop Egypt subsidy system, says minister

Egypt will receive technical support from the United Nations Development Programme to develop the country’s subsidy system, Supply and Social…
Consumers suffer from scarce butane as black market prices soar
Business

Consumers suffer from scarce butane as black market prices soar

Mona Farag stood quietly watching military and police beat some of the women around her, forcing them, with the sides…
Flour mill workers in Luxor end strike
Egypt

Flour mill workers in Luxor end strike

Workers at the Upper Egypt Mills company in Luxor ended their strike on Tuesday after three days on the picket…
Egypt is facing financial crisis, says finance minister
Business

Egypt is facing financial crisis, says finance minister

Egypt is facing a financial crisis that only foreign funding could help alleviate in the short term, Minister of Finance…
For social justice, government must reform fuel subsidies
Business

For social justice, government must reform fuel subsidies

If Egypt is to achieve social justice and an efficient economy, the government must strengthen its regulatory capacity, remove subsidies…
Egypt sees new Israel gas deal soon
Egypt

Egypt sees new Israel gas deal soon

Egypt will soon finish drafting a new contract for gas exports to its neighbour Israel that includes a big increase…
Finance minister: Subsidies are Egypt’s greatest enemy
Business

Finance minister: Subsidies are Egypt’s greatest enemy

Subsidies are Egypt's greatest enemy in the transitional period, Finance Minister Hazem al-Beblawy has said, claiming that the government is…
Government considers doing away with gas subsidies
Business

Government considers doing away with gas subsidies

The government is reconsidering its policy of subsidizing petroleum products, said Petroleum Minister Abdullah Ghorab.
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