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Latest in Tag: subsidies

Egypt spends EGP 332bn in annual subsidies to support citizens: Al-Sisi

The state budget includes, annually, about EGP 332bn in annual subsidies, said President Abdel Fattah Al-Sisi during the Egyptian Family Iftar gathering on Tuesday evening. In his speech during the gathering, Al-Sisi discussed state efforts to support citizens to help them face challenges and difficulties, explaining that the support is the difference between the actual …

Daily News Egypt

Supply Ministry increases subsidies, issues special category cards 

The Ministry of Supply and Internal Trade has been able to make some accomplishments over the past period through providing services or decisions that contribute to reducing the burden on citizens through increased subsidies for ration cards. Individual subsidies on ration cards increased by 138% from EGP 21 to EGP 50 starting in July 2017, …

Basma Tharwat

34% increase in fuel subsidies costs in H1 FY 2017/18: El-Molla

The costs of fuel subsidies grew by 34% in the first half (H1) of the fiscal year (FY) 2017/18, to reach EGP 51bn, increasing from EGP 38bn,  Minister of Petroleum Tarek El-Molla told Reuters on Wednesday.   El-Molla added that despite the witnessed increase in subsidies costs, the subsidies bill is still EGP 4bn below …

Mohamed Samir

Al-Sisi fails to control price increases

During most of his speeches, Al-Sisi stressed to Egyptians that there would be no price increases. However, the situation on the ground panned out differently as prices have continued to rise across the board  

Shaimaa Al-Aees

WTO agrees agri-subsidies deal

The World Trade Organization talks have produced a deal to slowly phase out government subsidies for agricultural exports. But there’s no agreement on continuing the “Doha round” of multilateral trade negotiations.

Deutsche Welle

World Trade Organization (WTO) makes modest progress on farm export subsidies

The WTO meeting in Nairobi has failed to make much-needed progress on global trade barriers. However, members of the international trade organization did reach a deal on farm subsidies. The World Trade Organization (WTO)’s five-day meeting in Nairobi came to a modestly successful conclusion on Saturday, as the 162-member body managed to reach a deal …

Deutsche Welle