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Egypt energy subsidy bill down 27pcEgypt's energy subsidy bill reached 41 billion Egyptian pounds ($4.62 billion) during the first nine months of the 2015-16 financial year, down 27 per cent from 56 billion in 2014-2015, an oil ministry official told Reuters on Thursday. More… |
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IMF says energy subsidised by $5.3trn worldwideGovernments around the world charge prices for energy that do not account for its harmful environmental, health and other side effects, amounting to a $5.3 trillion "post-tax" subsidy this year, the International Monetary Fund said in More… |
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IMF says energy subsidised by $5.3trn worldwideGovernments around the world charge prices for energy that do not account for its harmful environmental, health and other side effects, amounting to a $5.3 trillion "post-tax" subsidy this year, the International Monetary Fund said in More… |
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Energy subsidy cuts save Egypt $5bn in new budgetEnergy subsidy cuts will save Egypt around 40 billion Egyptian pounds ($5.59 billion) in the 2014/15 budget that comes into effect on Tuesday, Finance Minister Hany Kadry Dimian said. Egypt's president approved a tightened bud More… |
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Egypt sees energy subsidy bill up 12pc next yearEgypt's Finance Minister said on Sunday spending on energy subsidies next year will be 10-12 per cent above the 130 billion Egyptian pounds ($18.66 billion) budgeted for the current fiscal year, unless immediate reforms are made. More… |
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Iran parliament approves energy subsidy cutIran's parliament has passed a bill that would cut energy subsidies to make the country less vulnerable to international sanctions over its disputed nuclear programme, the official IRNA news agency reported. The bill needs to be approved b More… |
