Egypt\'s government

Egypt\'s government latest

Economists say cutting energy subsidies, which represent about 20 of total spending, is one of the few practical options the country has to cut the deficit

January 2nd, 2012 - 08:28 GMT

Egypt to cut energy subsidies for heavy industry

Egypt's government will increase natural gas and electricity prices paid by heavy industries by 33 percent this month to narrow its growing budget deficit.