Latest in Tag: subsidies Highlight
Latest in Tag: subsidies
Government agrees to disburse part of export subsidies to 41 companies
Export Development Fund disburses EGP 2.133bn in export subsidies from January to April
Government orders immediate disbursement of export subsidies for small companies
Minister of Planning Hala El-Said, who attended the meeting, said that international institutions have downgraded their global trade growth forecast for 2020, from 2.3% to 0.4%, due to the coronavirus crisis.
Egypt spends EGP 332bn in annual subsidies to support citizens: Al-Sisi
The state budget includes, annually, about EGP 332bn in annual subsidies, said President Abdel Fattah Al-Sisi during the Egyptian Family Iftar gathering on Tuesday evening. In his speech during the gathering, Al-Sisi discussed state efforts to support citizens to help them face challenges and difficulties, explaining that the support is the difference between the actual …
Slashing subsidies without improving public services eliminates middle class: MPs, economists
Government will reduce fuel subsidies next fiscal year to EGP 89bn from EGP 110bn this year, while electricity subsidies trimmed from EGP 30bn to EGP 16bn
Supply Ministry increases subsidies, issues special category cards
The Ministry of Supply and Internal Trade has been able to make some accomplishments over the past period through providing services or decisions that contribute to reducing the burden on citizens through increased subsidies for ration cards. Individual subsidies on ration cards increased by 138% from EGP 21 to EGP 50 starting in July 2017, …
34% increase in fuel subsidies costs in H1 FY 2017/18: El-Molla
The costs of fuel subsidies grew by 34% in the first half (H1) of the fiscal year (FY) 2017/18, to reach EGP 51bn, increasing from EGP 38bn, Minister of Petroleum Tarek El-Molla told Reuters on Wednesday. El-Molla added that despite the witnessed increase in subsidies costs, the subsidies bill is still EGP 4bn below …
Fuel production cost expected to increase allocated subsidies by EGP 30bn in FY 2017/2018
An official source at the Ministry of Petroleum and Mineral Resources said that petroleum product subsidies are expected to exceed the sector’s allocations in the state budget for the fiscal year (FY) 2017/2018. The expected rise comes as a result of the increase in global crude oil price as well as the dollar exchange rate …
40% of those who receive subsidies find it inadequate: El Meselhi
In an interview with AmCham, Supply Minister Aly El Meselhi said that the system of support is not effective and this is what we must work on the next period of time for the arrival of support to the beneficiaries
Export subsidies in coming FY to be kept at $2.6bn
Allocations for health budget amount to EGP 103bn, scientific research at EGP 31bn
Supply ministry re-crafts subsidies cut law deals after angry protests
Protests sparked in several governorates after bread rations were cut
In Cartoon: The safety net for subsidies is being cut away at by the government
IMF loan agreement means Egypt is able to pay it back: Al-Sisi
The government will provide subsidies for the poor, Egyptians can bear country’s tough conditions
In Cartoon: Despite promises made to low-income citizens, the government continues to chop away at subsidies
Joint ministerial committees to discuss taxes, subsidies, indebtedness auditing: Kouchouk
Decline in world oil prices saved EGP 27bn worth of fuel subsidies in last year’s budget
Cabinet decides to extend electricity subsidy period over the weekend
Prices to be approved and applied mid-month
Al-Sisi fails to control price increases
During most of his speeches, Al-Sisi stressed to Egyptians that there would be no price increases. However, the situation on the ground panned out differently as prices have continued to rise across the board
Ministry considering extending timeline for lifting electricity subsidies
The proposal for extension will be sent to the cabinet after completion, says Shaker
CEO of Light of the Sky calls for increased government subsidies, reform to agricultural export system to support growth
CEO of Light of the Sky company Malak Azmy called on the government to create a new investment fund to provide direct financing for crops facing export issues. The fund would be limited to crops that face obstacles in marketing and production, in addition to helping preserve crops in transit. In light of the state’s …
WTO agrees agri-subsidies deal
The World Trade Organization talks have produced a deal to slowly phase out government subsidies for agricultural exports. But there’s no agreement on continuing the “Doha round” of multilateral trade negotiations.
World Trade Organization (WTO) makes modest progress on farm export subsidies
The WTO meeting in Nairobi has failed to make much-needed progress on global trade barriers. However, members of the international trade organization did reach a deal on farm subsidies. The World Trade Organization (WTO)’s five-day meeting in Nairobi came to a modestly successful conclusion on Saturday, as the 162-member body managed to reach a deal …
‘Rumours’ behind queues at petrol stations, no fuel crisis: EGPC
EGPC pumps 22,000 tonnes of fuel per day to petrol stations
EGP 3.9bn increase in food commodities in new budget
Actual food commodity spending in current fiscal year exceeds announced figure in budget by EGP 2.5bn
Cabinet poll claims 67% of Egyptians believe country is heading in right direction
Despite deteriorating security situation, the poll claims to find supportive public opinion
€1.2bn total grant aid from EU for 200 projects: EU Ambassador
Egypt needs economic growth for the many not the few, Moran says
EGP 44.7bn for petroleum subsidies during first half of FY
EGP 600m urgently provided to 7 ministries
No petrol price increase in FY 2015/2016: Petroleum minister
Egyptian citizen’s economic situation does not allow change in prices, says Ismail
Egypt seeks pivotal role in energy trade: Al-Sisi
Following 25 January Revolution, Egypt has suffered from recurring power cuts
35% expected savings in petroleum subsidies due to low oil prices: Petroleum minister
Consultations to take place with Iraq to receive Iraqi oil, negotiations will decide amount, timing, and price
Effect of oil prices to reflect on Q3 2014/2015: Osama Kamal
Brent crude oil decline to $50 per barrel
Key economic decrees in 2014
2014 witnessed several presidential and ministerial decrees that changed economic landscape