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Government reduced allocations for petroleum subsidies to approximately EGP 104bn from EGP 134bn in 2013/2014, raising fuel prices in the local market, according to the proposed 2014/2015 budget
Crossing to be opened from Sunday to Wednesday for pilgrimage and humanitarian purposes
President suggests cycling as a cost-effective means of transportation
Removing diesel subsidies from November onward would pose extra burden on already suffering tourism sector, says deputy chairman of Chambers of Hotels
Subsidies to factories do not benefit the state or its citizens: EIPR
Arab countries offered a petroleum grant last year valuing EGP 80bn, which aided greatly in providing petroleum products needed for the domestic market in light of an inability to provide necessary liquidity for imports, according to Kamal.
Tarek El Molla elaborates on fuel imports, EGPC debts, subsidies and foreign investments
Prime minister’s visit to African countries results in agreements on gas and wheat imports, and investment contracts for the Arab Contractors Company and Egypt Air
EGAS to no longer pump gas to EDCO factory
Cabinet announces price hike in natural gas starting May; party wary the price hike will do little to help Egypt’s energy crisis
Armed forces find six tunnel openings concealed in a North Sinai Mosque
A natural gas supply unit will stop working from 17 to 27 April, Ministry of Electricity says
Natural gas will be imported address fuel shortage to power stations, cabinet says
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.
Reuters – Abu Dhabi government-owned Al Hilal Bank is considering a capital increase this year to support growth of its operations, its chief executive said on Monday. The Islamic lender, owned by the Abu Dhabi Investment Council, an investment arm of the Abu Dhabi government, plans to expand its retail and wholesale banking business locally …
Relations between Cairo and Hamas tense; Cairo court recently banned Hamas activities in Egypt
Four hundred fuel stations are functioning with the electronic system for petrol distribution
The supply of petroleum products, via smart cards, to cars will begin during the first quarter of the year.
Egypt is currently making arrangements to transport Qatari-funded fuel to neighbouring Gaza
The top Palestinian official met with the Egyptian Ambassador on Tuesday ahead of his visit
The announcement was made during a conference organised by the British Egyptian Business Association (BEBA) on 25 November.
In a country with an unemployment rate of 13 percent, mostly men aged between 15 and 29 years, and where 40 percent of the population lives below the poverty line, reducing government support for basic goods could lead to further turmoil.
Dozens of cars idled outside the Azbakiya petrol station in a lengthy queue that wrapped into side streets in a bid to avoid blocking traffi
Rafah border crossing, which connects the Gaza Strip to the outside world has been shut for 10 days
Action comes as part of ongoing crackdown on the illegal tunneling activity
Three killed and nine arrested in Monday’s crackdown in Sinai
Gaza Power Plant, the strip’s only one, stopped operations due to fuel shortage
Army says it destroyed several underground tanks containing over 300,000 litres of diesel
Thursday’s protests came after anti-riot forces deployed from early morning at major road intersections in Khartoum
Abu El-Ela said that the ministry will address this shortage by reducing loads on power grids.