CAIRO: Egypt is pinning its hopes on natural gas to help it reduce energy subsidies that are eating up 20 percent of its state budget and are likely to continue growing if measures aren't taken soon.
For years, the government has resisted cutting (...)
CAIRO: The cabinet has approved an extra LE 10 billion ($1.7 billion) over the next three months to help slow rising food prices, the state news agency said on Wednesday.
The draft supplement to finance subsidies in the budget that ends on June (...)