Maait: Oil Price Hikes Could Cost Egypt an Additional $7.2B

• Monday, 13th June 2022
• by Fatma Ahmed

Minister of Finance Mohamed Maait said that the high prices of oil will cost Egypt an additional $7.2 billion to the annual costs of the oil imports which the government will have to take into consideration in its ...

El Jarhi: Cutting Fuel Subsidies to Aid Lower Income Groups

• Monday, 3rd July 2017
• by Editorial Team

Egyptian Minister of Finance, Amr El-Jarhi, stated that fuel and electricity subsidies are flawed and assured that moving the prices will aid in rebalancing the system