IMF

Egypt to Float Benzene Prices in March

Egypt plans to announce its pricing mechanism for 95-octane benzene by the end of December 2018, to start linking the product to international prices in March 2019.

More Fuel Subsidy Cuts Coming in mid-2019: Fitch Solutions

Egypt will make further cuts to fuel and energy subsidies in mid-2019, a Fitch Solutions report predicted.

Tunisia Raises Fuel Prices for Fourth Time in 2018

The Tunisian government has increased fuel prices for the fourth time in 2018, raising them by about 4% as the government attempts to reduce the budget deficit and meet the financial demands stipulated by foreign ...

Egypt’s Budget Deficit Falls to 9.8% in FY 2017/18

The Egyptian budget deficit for fiscal year (FY) 2017/18 was 9.8% of gross domestic product (GDP), a decrease from 10.9% the previous year, achieving a primary fiscal surplus for the first time in 15 years, deputy ...

Egypt to Purchase Insurance Against Oil Price Fluctuations

The Egyptian cabinet has announced that the country will purchase insurance contracts from international financial institutions to hedge against fluctuating global oil prices.

Egyptian Government Increases Gas Prices By Up to 75%

Egypt will raise natural gas prices for households and businesses by up to 75% from the beginning of August.

IMF: Fuel Price Mechanism to Strengthen Egyptian Budget

The International Monetary Fund (IMF) has said that the recently-approved automatic fuel price mechanism will protect Egypt's budget from movements in the global oil markets.

Fuel Prices Hiked for Third Time Since 2016

The government announced new fuel price increases on June 16, the third time prices have risen since the country floated the Egyptian pound in November 2016.

Egyptian Government to Hike Electricity Prices by 26%

Electricity prices will increase by an average of 26% on July 1 as subsidy cuts included in the 2018/19 fiscal budget are introduced.

Inflation Falls to 11.4% in May

Egypt’s annual headline consumer price inflation (CPI) fell 1.7% in May 2018.

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