Latest in Tag: Fuel Highlight
Latest in Tag: Fuel
Subsidy cuts a âvery important stepâ: EU ambassador
EU ambassador to Egypt welcomes reduction of subsidies on petroleum products
No difference between current economic policies and Mubarakâs: Al -Tayar Al -Shaâaby
Coalition warns against âgrave consequencesâ over subsidies cut
Government needs more inclusive, transparent strategy towards subsidy cuts: Al Nour Party
Misr Al Qawia criticises decision, Al-Nour Party calls for transparency and improved methodology, while Socialist Popular Alliance proposes alternate
Al-Sisiâs economic orientation in his first month, and its influence
Measures to boost economy include reforming taxes and wages, adjusting prices and cutting fuel and electricity subsidies
Fuel consumption rates stabilise in domestic market after implementation of price increases
This follows a surprise increase in consumption took place on Friday following the announcement that fuel prices would increase.
Rise in fuel prices will bring in EGP 24bn in additional revenue for EGPC: Chairman
The rise in price of such petroleum products as gasoline, diesel, and kerosene in the domestic market.
âCatastrophicâ it is!
Amnesty International said last week that Egypt is witnessing a âcatastrophicâ decline in human rights. Indeed, human rights conditions in Egypt are currently a disaster, but the âcatastropheâ Egyptians are witnessing these days is all-encompassing. On Friday, the government announced an increase in fuel prices â a step every government has struggled to take and …
Food prices expected to rise 20% following fuel subsidy cut: Experts
Food products will rise by approximately 20% on higher costs of fuel used for transportation and production, says professor of agricultural economy
Surge in fuel prices threatens food commodities
Fuel prices to reflect on food commodities, says head of Citizens Against Price Rises Association
Transportation fares see 35% to 50% increase, contrary to government estimates
Egyptâs official statistics agency reported that public transportation fares would increase up to 7%
16m metres of gas and equivalent electricity deficit during Ramadan
Citizens waste energy through lighting, air conditioning, and watching television: Mohammed Sobky
75% of first stimulus packageâs projects completed: El-Araby
Economic platform outlined by Al-Sisi during presidential campaign will be included in 2014/2015 development plan, says planning minister
Raising fuel prices increases corruption and burden on the poor: Petroleum expert
Government reduced allocations for petroleum subsidies to approximately EGP 104bn from EGP 134bn in 2013/2014, raising fuel prices in the local market, according to the proposed 2014/2015 budget
Rafah border crossing to be reopened for 4 days
Crossing to be opened from Sunday to Wednesday for pilgrimage and humanitarian purposes
Al-Sisi urges Egyptians to cycle
President suggests cycling as a cost-effective means of transportation
Timing âinappropriateâ for subsidies removal: Hotels chamber
Removing diesel subsidies from November onward would pose extra burden on already suffering tourism sector, says deputy chairman of Chambers of Hotels
EIPR sues government for subsidising fuel to factories
Subsidies to factories do not benefit the state or its citizens: EIPR
Government will be unable to meet fuel subsidy bill proposed in budget: Former petroleum minister
Arab countries offered a petroleum grant last year valuing EGP 80bn, which aided greatly in providing petroleum products needed for the domestic market in light of an inability to provide necessary liquidity for imports, according to Kamal.
Additional fuel imports to sustain power plants in summer worth $780m: EGPC chairman
Tarek El Molla elaborates on fuel imports, EGPC debts, subsidies and foreign investments
Mehlebâs Africa trip steps up trade exchange and investment opportunities
Prime ministerâs visit to African countries results in agreements on gas and wheat imports, and investment contracts for the Arab Contractors Company and Egypt Air
EGAS cuts 500m square feet of fuel from factoriesâ total needs
EGAS to no longer pump gas to EDCO factory
Misr Al-Qawia criticises lifting natural gas prices
Cabinet announces price hike in natural gas starting May; party wary the price hike will do little to help Egyptâs energy crisis
Gaza tunnels discovered in Rafah Mosque
Armed forces find six tunnel openings concealed in a North Sinai Mosque
Natural gas supplies to be temporarily reduced by 5%
A natural gas supply unit will stop working from 17 to 27 April, Ministry of Electricity says
Government announces measures to stave off summer power outages
Natural gas will be imported address fuel shortage to power stations, cabinet says
Smartcard company complains of delay In Egyptian subsidy cut scheme
Fuel subsidies account for a fifth of state spending, but one cash-strapped government after another has resisted attacking the wasteful system, fearful that raising fuel prices could spark unrest.
Abu Dhabiâs Hilal Bank considers capital hike to fuel growth: CEO
Reuters – Abu Dhabi government-owned Al Hilal Bank is considering a capital increase this year to support growth of its operations, its chief executive said on Monday. The Islamic lender, owned by the Abu Dhabi Investment Council, an investment arm of the Abu Dhabi government, plans to expand its retail and wholesale banking business locally …
Closure of Rafah border crossing âcrime against humanityâ: Hamas spokesman
Relations between Cairo and Hamas tense; Cairo court recently banned Hamas activities in Egypt
A total of 1.3m cars registered in the smartcards project: Minister of Finance
Four hundred fuel stations are functioning with the electronic system for petrol distribution
Fuel cards to save $5.2bn
The supply of petroleum products, via smart cards, to cars will begin during the first quarter of the year.