Gov’t allocates EGP 8 bn to export subsidies in FY 2021-2022

The government has allocated EGP 8 bn for export subsidies during the current fiscal year, after having paid out EGP 28 bn in arrears to exporters between March 2020 and June 2021, Finance Minister Mohamed Maait said in a statement.

The Egyptian Natural Gas Holding Company (EGAS) and the Egyptian Petrochemicals Holding Company (ECHEM) signed a MoU with Toyota to study the possibility of producing the low carbon fuel ingredient blue ammonia.