February 7, 2023
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Homesubsidy cuts

subsidy cuts

Egypt Latest News

Egypt’s Domestic Debt Surges 4.108 Trillion Pounds in 2018

May 22, 2019 Ahmed Rashed

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 … ]

Egypt Latest News

In Rare Public Criticism,Egyptian Lawmakers Slam Sisi’s Recent Price Hikes

June 19, 2018 Ahmed Rashed

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 … ]

Egypt Latest News

New Hikes in Prices: Egypt Raises Gasoline Prices by Up to 50 Percent

June 16, 2018 Ahmed Rashed

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 Latest News

Electricity Prices Hike in Egypt As Al-Sisi Defends More Austerity Measures

June 14, 2018 Ahmed Rashed

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 Latest News

Egypt Expects to Receive the Second Installment of the IMF Loan in June

May 8, 2017 Ahmed Rashed

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 … ]

Egypt Latest News

Ahead of the IMF Loan, Egyptian Austerity Policies Underway Despite Public Dissent

August 21, 2016 Ahmed Rashed

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 … ]

Egypt Latest News

Al-Sisi: Hard Days Ahead Tough Measures Seeking The IMF Loan

August 1, 2016 Ahmed Rashed

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 … ]

Latest

Destructive earthquake leaves 1500+ dead and about 10,000 injured so far in southeast of Turkiye

Turkey Latest News
February 6, 2023

Egypt: Leaks on a 99-year Suez Canal concession deal with an Israeli company

Egypt Latest News
February 5, 2023

Sudan and Israel agree to enhance ‘normalization’ of relations between them

Egypt Latest News
February 3, 2023

Egypt: ‘IMF bailout highlights risks of austerity and corruption’, rights report

Egypt Latest News
February 2, 2023

Egypt: Due to negligence, prisoner dies in police station despite ending 2 years on remand

Egypt Latest News
February 1, 2023
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