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Supply Ministry looking to reduce subsidy recipients’ monthly sugar allowance
The Supply Ministry is looking at potentially reducing the amount of sugar it hands out to ration card holders each…
World Bank sees Egypt’s GDP rising 6% in 2021
World Bank sees Egypt’s GDP growing 6% in 2021: Egypt’s GDP will grow 5.8% in 2020 and 6.0% in 2021,…
Gov’t revises oil price forecast to USD 70 per barrel in 2019-20 budget draft
The government has revised downwards its oil price forecast for FY2019-20 to USD 70 per barrel, down from USD 74…
Sawiris looks to acquire license for SME-focused bank in Egypt
Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt…
Gov’t to issue tender regs for industrial land next month
REGULATION WATCH- The government aims to issue next month new regulations for industrial land tenders, said Industrial Development Authority (IDA)…
Supply Ministry to begin registering newborns to subsidy rolls as of June, after completing its Kramer purge
The Supply Ministry will begin registering newborns on its subsidy rolls in June, despite having yet to actually remove any…
Gov’t leaves 95-octane price on hold as fuel pricing mechanism is introduced
The price of 95-octane fuel will stay unchanged as a new pricing mechanism is introduced: The price of 95-octane will…
FinMin releases Egypt’s draft FY2019-20 budget
The state’s FY2019-20 budget is now with the House: The Finance Ministry sent yesterday its draft FY2019-20 budget (pdf) to…
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