Egypt’s Finance Minister Amr El-Garhy said that Egypt will make further cuts to energy subsidies, raise taxes and seek more international financing as it pursues economic reforms this year. In a press conference in Cairo, [ More … ]
During the inauguration of the National Project for Fish Farming in the Suez Canal area in Ismailia, Abdel Fattah Al-Sisi called on Egyptians to endure the economic hardships for the next six months. During his [ More … ]
Egypt’s annual inflation rate has recorded its highest level in at least seven years by the weakening of the currency and an increase in electricity prices, as reported by Bloomberg. The annual inflation has accelerated [ 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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