subsidies
Finance minister: No more privatization or nationalization
Business
August 7, 2011
Finance minister: No more privatization or nationalization
The government will no longer privatize government-owned companies or nationalize private ones, said Finance Minister Hazem al-Beblawy in a press…
Finance Ministry earmarks US$300mn to fund petroleum purchases
Egypt
July 25, 2011
Finance Ministry earmarks US$300mn to fund petroleum purchases
Egypt’s Finance Ministry allocated US$300 million in mid-July for the Egyptian General Petroleum Corporation to purchase petroleum throughout the first…
Egypt’s debt burden spurs Muslim Brotherhood call for austerity
Business
July 5, 2011
Egypt’s debt burden spurs Muslim Brotherhood call for austerity
Egypt’s Muslim Brotherhood is campaigning for September’s parliamentary elections on a platform to trim the country’s budget deficit. The group,…
Businessmen accuse government of harming exports
Business
June 15, 2011
Businessmen accuse government of harming exports
A number of owners of private sector companies have criticized the government's decision to reduce export subsidies, arguing that it…
Egypt’s budget targets poor, introduces capital gains tax
Business
June 2, 2011
Egypt’s budget targets poor, introduces capital gains tax
Egypt's cabinet approved on Wednesday a budget for the 2011/12 financial year that increases spending by a quarter as the…
Egypt boosts consumer subsidies in 2011-12 budget
Business
June 1, 2011
Egypt boosts consumer subsidies in 2011-12 budget
Egypt's annual budget approved by the cabinet on Wednesday foresees a 26 percent increase in subsidies of consumer commodities such…
Economists praise increases in commodity subsidies
Business
May 26, 2011
Economists praise increases in commodity subsidies
Economic experts have praised the prime minister’s decision to increase subsidies of strategic commodities from LE90 billion to LE115 billion…
International prices of commodities continue to soar
Business
April 9, 2011
International prices of commodities continue to soar
The international prices of basic commodities have continued to rise, nudging close to, and in some instances surpassing, prices witnessed…
Four killed in fights over gas cylinders, many injured in fights over bread
Egypt
February 4, 2011
Four killed in fights over gas cylinders, many injured in fights over bread
Several areas in Cairo and Giza witnessed an escalating gas crisis because gas cylinders allocated by the Ministry of Petroleum…
Egypt govt vows to bear cost of anticipated global price hikes on food
Egypt
January 26, 2011
Egypt govt vows to bear cost of anticipated global price hikes on food
The Egyptian government on Monday vowed to shoulder the cost of any new global food price increases this year.Trade and…