Income caps on eligibility for subsidy cards are good in theory but should be revised to account for inflation and the accumulating expenses citizens need to cover, Khaled Mubarak writes for Al Ahram. By his calculations — which include basic necessities such as food, transportation, utilities, and education expenses, in addition to accounting for medical expenses — the government should raise the income cap to EGP 5,000.
More from Enterprise
Our friends at EFG Hermes and Beltone pick up fresh accolades, along with CIB
EFG Hermes retained the top corporate access spot on Extel’s…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Inside the retail wave reshaping EGX
Individuals are setting EGX prices day to day, trading on…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…