June 21, 2017

Egypt to raise food subsidy allowance in bid to ease pressure from austerity

Egypt is more than doubling monthly food subsidies, to 50 Egyptian pounds per person from 21 pounds currently, President Abdel Fattah al-Sisi said on Tuesday while announcing a raft of measures intended to ease the effects of austerity.

Egypt"...

Egyptian telecoms operators receive 4G wireless frequencies: official June 22, 2017

Egypt's telecoms operators have received the wireless frequencies needed to deliver 4G mobile broadband networks, an official at the ...

Egypt closes wheat harvest just short of target at 3.4 m tonnes June 22, 2017

Egypt announced the close of its local wheat harvest on Tuesday, having bought 3.4 million tonnes of wheat from farmers, Supply Minister Ali Moselhy said, just short of"...

Egypt sends fuel for Gaza's only power plant as Hamas links thaw June 22, 2017

Egypt sent fuel on Wednesday to the Gaza Strip's only power plant to help alleviate an energy crisis that has left the Palestinian enclave's two million residents"...

Auto sales expected to go down by 50% this year June 22, 2017

Experts and observers are bearish regarding auto sales expected this year, as their forecasts ranged from 100,000 to 150,000 units, which are lower by 50% than sales recorded"...

Egypt blocks access to Hürriyet Daily News website June 19, 2017

Egypt has blocked access to the Hürriyet Daily News website, in what is the continuation of widening series of such online blockages in the country over the past week, according to a report"...

Egypt’s renewable sector gets $500m boost June 14, 2017

A $500 million (£393m) framework to finance renewable energy projects in Egypt has been approved. It will support the development of private green projects under the government’s Feed-in Tariff programme, which aims to stimulate private investment in more than 4GW of wind and solar power. The European Bank for Reconstruction and Development (EBRD) Board also approved 13 projects under the same framework, with a further three scheduled for discussions later this month. The 16 plants, to be built at one large site near the village of Benban, are expected to deliver 750MW of solar capacity and cut emissions by 900,000 tonnes a year.......

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