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New “smart transportation” system, consumer facilities top stories on last night’s talk shows
We were finally treated to some econ news last night, as former IMF advisor Fakhry El Fiqi discussed yesterday’s foreign…
Consumers are complaining about prepaid electricity meters
Prepaid electricity meter users are complaining that they are being overcharged for their consumption, according to the local press. Consumers…
Egypt’s Supply Ministry raises compensation for subsidized bread bakers
The Supply Ministry is paying bakeries a higher fee for producing subsidized bread, according to a decision seen by Al…
Local consumer spending initiative top topic on talks shows
A government program to kickstart consumer spending and the latest on the Grand Ethiopian Renaissance Dam caught the attention of…
Egypt adds 1 mn newborns to subsidy ration cards
The government has recently added 1 mn newborns on commodity ration cards, Supply Minister Ali El Moselhy said, according to…
Egypt receives first installment of USD 500 mn World Bank facility
The World Bank has disbursed the first USD 325 mn tranche of a USD 500 mnfacility to subsidize the Takaful…
Egypt in the News on 15 June 2020
The war of words over the Grand Ethiopian Renaissance Dam is dominating the conversation on Egypt this morning, with both…
Electricity prices to rise 16-30% July, but subsidies are with us until 2025
Your electricity bill will rise by as much as a third in July — but subsidies won’t be fully lifted…
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