The domestic public debt of Egypt reached EGP 4.1049tn at the end of December 2018, against EGP 3.887tn at the end of September 2018, up by EGP 220bn (5.66%), according to the Central Bank of [ More … ]
A group of Egyptian lawmakers criticized recent fiscal reforms enacted by Abdel Fattah al-Sisi’s government, especially subsidy cuts to fuel and electricity. The 25-30 Alliance, a bloc of a small number of opposition MPs, demanded [ More … ]
It seems that al-Sisi’s words during his last speech that Egyptians must all suffer to bring a stronger economy will mark the coming phase. Days after raising electricity bills, Egypt raised gasoline prices by up to 50 [ More … ]
Egypt is raising the price of electricity by an average of 26 percent as part of austerity measures designed to overhaul the country’s economy. Electricity Minister Mohamed Shaker said that electricity charges for factories would [ More … ]
Egypt expects to receive a second installment, worth $1.2 billion, of a three-year International Monetary Fund loan in the second half of June. At a press conference, Finance Minister Amr el-Garhy announced that negotiations with [ More … ]
Imad, an Egyptian civil servant, whose salary barely lasts a month, expressed his dissent from the rising in prices saying, “Electricity is up, food is up. The only thing that doesn’t rise in Egypt is [ More … ]
Ahead to reaching an agreement with the International Monetary Fund (IMF), Abdel Fattah al-Sisi warned Egyptians of hard days. Al-Sisi stated on Monday that tough measures would be needed to turn the country’s ailing economy [ More … ]
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