Search Result
" fuel subsidies"

95 results

Business - Economy
8/24/2023 3:49:04 PM
Global fossil fuel subsidies reached $7 trillion in 2022, or 7.1 percent of the global GDP, according to the International Monetary Fund (IMF).

World - Africa
5/31/2023 7:57:41 PM
The price of petrol in Nigeria tripled at government-run stations on Wednesday, two days after newly-elected President Bola Tinubu announced he would scrap fuel subsidies in his first move after taking office.

Business - Economy
3/30/2023 11:31:32 AM
Egypt has adjusted its real GDP growth rate target for FY2023/24 down to 4.1%, from the previously targeted 5.5% in December, announced Finance Minister Mohamed Maait.

Al-Ahram Weekly - Egypt
3/7/2023 9:56:19 PM
Fuel prices increased in Egypt last week in line with the indexation mechanism recommended under the country’s agreement with the International Monetary Fund, reports Doaa A. Moneim

Egypt - Politics
11/1/2022 8:21:22 PM
The Senate – Egypt's consultative upper house - approved on Monday legislative amendments to a 2017 law that regulates government compensations paid out to contractors who suffer losses due to IMF-inspired liberalization policies, such as the EGP devaluation, and due to the phasing out of fuel subsidies.

World - Africa
9/29/2022 5:20:50 PM
Fuel prices in Ethiopia rose by about 20 percent Thursday, in the second such increase in less than three months as the government lifts fuel subsidies, deepening economic hardship in Africa's second most populous country.

World - Region
9/12/2022 1:58:34 PM
Lebanon's central bank lifted its remaining subsidies on fuel on Monday, gas station owners said, ending a year-long process of scaling back on the expensive program.

World - Region
10/26/2021 3:42:17 PM
A cyberattack targeted gas stations Tuesday across Iran, shutting down a government system that manages fuel subsidies and leaving angry motorists stranded in long lines at shuttered stations.

World - Region
8/14/2021 5:38:13 PM
As Lebanon's economic crisis deepened, one of the country's top private hospitals said it could close due to power outages caused by shortages of diesel

World - Region
8/12/2021 1:24:34 PM
As Lebanon struggles with a free-falling economic crisis and fuel shortages, the ending of fuel subsidies by the central bank has caused anger as prices are expected to increase five fold

World - Africa
6/9/2021 12:45:58 PM
The transitional government hopes the tough reforms it is adopting will help it qualify for an IMF debt relief initiative that would settle its $60 billion debt

Business - Economy
4/27/2021 5:29:37 PM
The first phase of the country’s reform program included the floatation of the Egyptian pound, lifting nearly all fuel subsidies, implementing a value-added tax, and raising the prices of electricity and transport

Business - Economy
3/4/2021 11:53:15 AM
The government allocated EGP 52.963 billion for fuel subsidies for FY2020/21, according to the finance ministry

World - Region
5/9/2020 6:03:36 PM

Business - Economy
4/22/2020 2:19:29 PM
Egypt is allocating EGP 52.963 billion for fuel subsidies for the 2020/21 fiscal year, which begins on July 1

World - Region
1/29/2020 1:56:01 PM
In an interview with The Associated Press, Finance Minister Ibrahim Elbadawi said the decision was a ``no brainer.`` The government has previously said it will not change bread and flour subsidies

Al-Ahram Weekly - Economy
1/2/2020 3:02:00 PM
This year marked the end of fuel subsidies after a fifth and final increase in fuel prices in July, reports Ahmed Kotb

Business - Economy
12/8/2019 12:59:35 PM

Business - Economy
8/14/2019 4:31:08 PM

Business - Economy
7/13/2019 10:00:00 AM
The government has announced that fuel prices will now be subject to a quarterly price-indexation system replacing the older subsidies system, reports Ahmed Kotb

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