Egyptian president instructs government to prepare bundle of financial measures to face global economic downturn

Mon, 21 Mar 2022 - 11:02 GMT

While checking the FY2022/2023 draft budget, President Abdel Fatah al-Sisi instructed the government to immediately prepare a bundle of financial and social protection measures.

LE5B in monetary subsidies disbursed to disabled citizens every year: Egyptian minister

Mon, 07 Mar 2022 - 03:10 GMT

Qabaj added that the ministry also pays the tuition fees of 300,000 disabled school students.

Egypt to draft law confiscating illegal buildings on agricultural land

Thu, 10 Feb 2022 - 03:47 GMT

The Prime Minister continued that the violators would be deprived of all forms of subsides on basic commodities, bread, fertilizers, and etc.

After decades of ration cards: Egypt makes first step to eliminate in-kind subsidies

Sun, 26 Dec 2021 - 02:11 GMT

It is noted that ration cards are issued for families, covering the husband, wife, and children, if any, but not individuals.

Egypt provides LE 874.8M exports subsidies to 456 companies

Sun, 03 Oct 2021 - 12:46 GMT

Trade Minister clarified that the number of applied companies reached 1634 companies.

Sisi: Egypt will not remove subsidies, offer New Administrative Capital on EGX

Sat, 14 Aug 2021 - 01:22 GMT

Egypt will offer the New administrative capital company on the stock exchange.

Egypt only country in world dedicating grants to irregular workers during COVID-19

Thu, 29 Apr 2021 - 12:58 GMT

Those are concentrated in the sectors of transportation, constructions, agriculture, fishing, baking, and pedestrian vendors.

Egypt's economic reform passes test of Covid-19: study

Thu, 22 Apr 2021 - 12:49 GMT

The Egyptian economy has overcome the crisis of Covid-19, passing the test of its economic reform, according to a study by the Egyptian Center for Strategic Studies.

Size of in-kind subsidies per annum in Egypt is LE84B: minister

Mon, 08 Mar 2021 - 11:56 GMT

Minister of Supply and Internal Trade Ali al-Moselhy stated Monday that the size of in-kind subsidies per annum is LE84 billion.

Egypt's allocations for subsidies, grants, social benefits in 6 months hit LE100B

Thu, 14 Jan 2021 - 03:42 GMT

Maait attributed the increase in subsidies allocations to the payment of all treasury obligations in favor of the Pension Fund, with a value of LE 42.5 billion during the six months, with an annual growth rate of 186 percent.

3rd child of newly enrolled Egyptian families to be denied subsidies

Tue, 22 Dec 2020 - 11:54 GMT

The minister asserted that overpopulation has a negative impact on the state's budget and the Egyptian economy.

3.6M Egyptian citizens enrolled in monetary subsidies program

Sat, 14 Nov 2020 - 01:04 GMT

The Cabinet's Information Center revealed Saturday that the number of beneficiaries of the monetary subsidies program Takaful Wa Karama has reached 3.6 million.

President Sisi warns of illegal constructions, 100-year impact of delay in developmental projects

Sat, 29 Aug 2020 - 12:29 GMT

"Officials who aren’t able to impose order by dealing with construction violations have to resign," President Sisi.

Egypt disburses LE346M for regular workers affected by coronavirus

Sun, 09 Aug 2020 - 03:16 GMT

Saafan said in a statement Sunday, that the value of subsidies amounted to LE 346.806 million for about 299,530 working in 3,393 establishments affected by the emerging coronavirus pandemic, at a rate of 100 percent of the basic wage of workers.

Egypt to launch mobile app. to reduce errors in electricity bills: Min.

Tue, 09 Jun 2020 - 01:52 GMT

"All readings will be photographed and kept for a period of time to be used when submitting any complaint from the owner of the meter,” he stated.

Egypt extends lifting subsidies on electricity 3 years, raises prices by 19%

Tue, 09 Jun 2020 - 01:47 GMT

The price of electricity for the domestic sector will be raised by the beginning of July 2020 by 19.1 percent.

State-sponsored charity initiative to be replicated after sales worth LE1.5M

Sat, 16 May 2020 - 02:50 GMT

The Ministry of Supply and Internal Trade will replicate a charity initiative that took place on April 23-May 11.

Egypt's fuel subsidy bill drops 65% in 9 months through March: official

Sun, 10 May 2020 - 01:08 GMT

Egypt spent LE 60.1 billion on fuel subsidies in the same period a year earlier.

Emergency monetary subsidies reimbursed to workers at 197 tourism establishments in Egypt

Tue, 05 May 2020 - 11:39 GMT

Payments will be reimbursed to workers at around 1,262 tourism establishments in the coming days.

Egyptian Armed Forces reviews its role amid COVID-19 crisis, Sisi presents exceptional measures

Tue, 07 Apr 2020 - 03:18 GMT

President Sisi checked upon the Egyptian Armed Forces elements and equipment assisting the civilian sector in combating COVID-19.