Egypt's Cabinet refutes fuel shortage rumors

CAIRO - 9 March 2018: Egyptian Cabinet denied rumors that there is a shortage of fuel reserves in various governorates of the country, Ambassador Ashraf Sultan, the Cabinet's spokesperson, said in a phone call to Al-Oula.

Egypt has been seeking to speed up production from recently discovered oil and gas fields, with an eye to halting imports by 2019 and becoming self-sufficient.

On the other hand, Sultan said that the new life insurance certificates called “Aman” (Security), launched Sunday, are not taxable, stressing that these certificates come within the government’s economic development framework that aims to support lower-income groups of society.

Four state-run banks have offered this week the Aman insurance certificates for temporary and seasonal workers, as well as the employees who do not receive social security benefits.