Latest Economy News
Subsidies budget cut by 11.7% year on year in 3Q 2012/2013: minister of planning
Subsidies for petroleum products totaled 62% of all subsidies for the third…
Finance minister proposes raising energy subsidies for 2013/2014 budget
Once the card owner depletes their allotment of the subsidized fuel, they…
Supply minister announces 15% cut in foodstuff prices during Ramadan
Attempt at price controls comes in the face of already high inflation…
NBE approves $1bn loan to Egyptian General Petroleum Corporation
EGPC has to obtain a guarantee from the Ministry of Finance.
Egypt’s shift to large fuel suppliers “normal”, experts say
Egypt forced to change fuel suppliers as debt compiles
Egypt negotiating $500m loan with Saudi Arabia
Darrag told Reuters that, “the loan will come as part of a…
Investment minister: Problems faced by Arab investors in Egypt ‘end Sunday’
Yehia Hamed sits down with Saudi investors to discuss resolution of longstanding…
Experts predict higher inflation rates amid unchanged interest rates
Rising summertime prices and devaluing currency drive ongoing inflation