The food subsidies related to low income households have eroded amid the government’s most recent hikes in food prices to match inflation hitting the country’s economy. The Egyptian Ministry of Supply and Internal Trade has [ More … ]
Sudan, the beautiful country of Africa where the Blue Nile and White Nile merges and surrounds it like a necklace, is going through hard days. The street movements which started in the Western parts of [ More … ]
Egypt’s al-Sisi is confronting one of the toughest challenges he has faced since seizing power five years ago, as rising prices linked to economic austerity measures take a toll on his core middle-class supporters, according [ More … ]
Egyptian civil servants have warned the government that increases in their salaries will not help them avoid the devastating impact of tough new austerity measures. Earlier this month the national Parliament approved a draft law [ More … ]
Egypt today increased gasoline and diesel prices in the second fuel hike since a currency floatation in November last year. Fuel price increases had been widely expected as part of Egypt’s $12 billion International Monetary [ More … ]
In a press conference, the Pharmacists Syndicate confirmed that it will go on a six-hour strike on 15 January in protest against to the government’s decision to not increase profit margins for pharmacies. The syndicate said it took [ More … ]
Russia has accused Egypt of “bargaining” as it banned wheat imports from Russia due to contamination. Russian news agencies reported that an official in the Agriculture Ministry Vladimir Volek said that Egypt, “is unable to [ More … ]
Over the past decade, a string of sizable natural gas discoveries has been made in the eastern Mediterranean Sea that Egypt is working to reap its benefits, however, “Egypt knows well that it cannot become [ More … ]
Ahead of the IMF loan agreement, Egypt is planning to cut off fuel subsidies within three years and is aiming to increase fuel prices to 65 % of their actual cost during the 2016/17 fiscal [ More … ]
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