Minister Naglaa el-Ahwany reviews energy reform measures with WB experts
International Cooperation Minister Naglaa el-Ahwany
Washington - MENA
Egyptian International Cooperation Minister Naglaa el Ahwany reviewed Egypt's measures to reform the energy sector and cut down subsidy on fuel taken in July 2014.
The government has reduced wasted energy subsidy by 30%, equivalent to 2% of the gross domestic product at the time, Ahwany told a seminar held by the World Bank on the sidelines of the WB/International Monetary Fund Spring Meetings held here.
Egypt now aims to gradually cut the energy subsidy by altering prices to be 0.5% of the GDP by 2019 instead of 6.9% in 2013, she said.
Egypt has great investment opportunities in the renewable energy field, especially in solar energy, she added.
- Monday ,15 January GMT 17:47 2018 ‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’s
- Sunday ,07 January GMT 19:27 2018 UAE pledges to distribute 70% of VAT proceeds to help fund community projects
- Wednesday ,03 January GMT 11:35 2018 Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipment
- Wednesday ,03 January GMT 07:30 2018 Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in Decline
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property market
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 10:21 2016 Wednesday ,23 March
cartoon eleven
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 10:16 2016 Wednesday ,23 March
cartoon five
GMT 10:24 2016 Wednesday ,23 March
cartoon fifteen
GMT 10:19 2016 Wednesday ,23 March
cartoon nine
GMT 09:58 2016 Wednesday ,23 March
cartoon three
GMT 10:23 2016 Wednesday ,23 March
cartoon fourteen
GMT 10:17 2016 Wednesday ,23 March
cartoon six
GMT 10:22 2016 Wednesday ,23 March
cartoon thirteen
GMT 10:22 2016 Wednesday ,23 March
cartoon twelve
GMT 09:56 2016 Wednesday ,23 March
cartoon one
GMT 09:57 2016 Wednesday ,23 March
cartoon two
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:20 2016 Wednesday ,23 March
cartoon tenGMT 06:12 2012 Thursday ,26 April
The Clasico cost us
GMT 03:58 2017 Friday ,21 April
Millennium Resort Mussanah hosts Oman’s aspiring football stars
GMT 11:19 2016 Friday ,08 April
Japan ace Momota 'regrets betrayal' as possible Rio ban looms
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor