FiT Challenged with Devaluation Backlash

• Monday, 7th November 2016
• by Sarah Samir

Construction companies decided to withdraw their offers for renewable energy projects. The companies cited that their costs have almost doubled due to the devaluation of the EGP, reported Al Borsa. Additionally, a num...

Fuel Subsides to Reach EGP 64b

• Sunday, 6th November 2016
• by Sarah Samir

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the cost of fuel subsidy will increase to EGP 64b during fiscal year 2016/2017 after the current devaluation, reported Al Mal News....