Backlash against petroleum subsidy cuts as experts cite concern of effects on middle class
Cash support for poor may act as safety net, but biggest danger…
Exporters object to cut in export subsidies to EGP 2.6bn in new budget
The Ministry of Industry made an early announcement for a new programme…
Success of government’s goals regarding budget and debt is conditional: Experts
Success depends on real growth in investments, a clear vision regarding taxation…
Electricity subsidy increases come to pay value of fuel consumed by stations: Energy expert
The increase allocated to the ministry amounts to approximately EGP 14bn and…
EGAS halts pumping of gas to several fertiliser companies, methanol factory
MOPCO, AlexFert, and EBIC were among the affected firms, while Methanex’s Damietta…
Continued energy deficit amounts to 15m cubic metres daily: EGAS official
70% of Egypt's gas production pumped to power stations through Ramadan, senior…
Budget deficit pushed to 10% of GDP and debt to 90% of GDP: Finance minister
Total expenditure set at EGP 789bn, revenues expected to reach EGP 549bn,…
Bourse rises 1.13% following budget approval
President Al-Sisi approved the State's budget setting budget deficit at 10% of…
Tourism authority achieves highest revenues to date, backs Red Sea projects
The Tourism Development Authority’s board of directors, chaired by Minister of Tourism…
No intention to re-adjust price offered for EFG-Hermes stock: Beltone-Sawiris alliance
The alliance says deal will bring $230m in foreign investments.