Latest in Tag: subsidies Highlight
Latest in Tag: subsidies
Cairo next in line for new bread subsidy system: Supply minister
Khaled Hanafy says he will meet with Cairo governor Monday to discuss methods of implementation
First stimulus packageâs projects to be completed by end of 2014: El-Araby
Around 60% of the stimulus package projects are done, says planning minister
Economic reforms a âmustâ for Egypt growth: Lagarde
IMF chief says there are âencouragingâ signs in energy subsidy reform
Energy subsidies reform to take effect in July: PM
Mehleb says interim government has yet to decide whether it will increase fuel and diesel prices
Egypt to lift natural gas prices for homes, businesses
Price hike only affects users connected to gas grid, most citizens not connected to grid
150 loaves of bread per month, per citizen under new subsidy plan: Supply minister
New automated bakery launched in Port Said
Smartcard subsidy system to be implemented in Port Said next week
Ministry of Supply provides smart ration cards to citizens to meet their needs of bread and other commodities
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.
MENA region underperforming export potential: Experts
Regional experts discuss the obstacles facing the export diversification in the MENA region.
Minister of Supply approves General Committee for Foreign Aid budget
Committee aimed at balancing prices of goods to meet citizensâ needs, says minister
IMFâs Egypt strategy ill-suited to realities on the ground: ECESR
Regional economic experts say fundâs demands for near-term subsidy cuts not viable
Bread distribution system is a failure: Minister of Supply
The governmentâs subsidised bread programme has âallowed bakery owners to smuggle flour and sell it on the black market at higher prices,â Khaled Hanafy says
Morocco ends gasoline, fuel oil subsidies
Morocco is the most advanced among North African countries in its reform of public subsidies and already started last year to partially index energy prices to international market levels.
Government striving to restructure energy subsidies: Assistant to Minister of Finance
The current interim government intends to reach a solution for the subsidies problem before it is replaced
Ration cards issued to families of martyrs and the injured: Abu Shady
This comes on the occasion of the third memorial of 25 January Revolution, says the minister
Petroleum products subsidies system to be reformed through five-year plan: Minister of Petroleum
Petroleum products subsidies reached EGP 120bn in last yearâs budget, EGP 57bn of which were allocated for diesel, while in the current yearâs budget, it was assigned EGP 99bn.
Ministry of Electricity attempting to overcome energy challenges
The government is studying alternatives to gas usage, investments with foreign companies and is seeking to build wind farms for electricity production.
Businessmen demand government address security, energy, land shortages
El-Beblawi added that challenges facing investors, which primarily included lapses in security, were being addressed and that huge improvements had so far been seen in the performance of security forces in recent months.
Morocco hikes fuel prices in bid to fix state finances
The government is scrambling to limit the impact of oil price fluctuations on Morocco’s ailing public finances, with fuel subsidies weighing heavily on the budget of the North African country, which imports almost all its energy needs.
Egyptian government unifying citizensâ database
Six Egyptian ministries are cooperating in a project to integrate and unify the citizensâ database information to develop the subsidies programme and ensure its arrival for those deserving
New supply minister resumes wheat imports
The Egyptian government has so far imported 300,000 tonnes of wheat from Ukraine, Romania and Russia.
Prospective government faces daunting energy subsidies reforms
Slashing energy subsidies is one of the requirements set by the International Monetary Fund (IMF)to secure the proposed $4.8bn loan package.
Mona Makram Ebeid: IMF representatives reinforce the need to build a new strong economy within Egypt
IMF officials reinforced the need to encourage the growth of a strong new Egyptian economy rooted in the private sector, and build on competition instead of favouritism.
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 quarter, with an additional 31% going towards supply products.
Egypt, IMF in final stages of verifying economic programme
Loan delayed by inconsistent implementation of subsidy cuts and tax hikes
Housing minister: Egyptâs housing crisis is a result of a âquantitative deficitâ
Minister says subsidies are a âright we cannot do away withâ
Kerry urges Morsi to make progress on economic reforms
Reform measures hampered by unrest and lack of political support for plans
Food insecurity on the rise
World Food Programme releases report on poverty and food insecurity in Egypt
Cabinet division over fuel subsidies programme
Recent statements made by the petroleum minister regarding the fuel subsidies programme have caused intense controversy within Prime Minister Hesham Qandilâs government.
E-Finance to operate new electronic petroleum subsidies programme
Electronic payments specialist beat joint NBE-Banque Misr bid for the contract