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Parliament members slams Egyptian government over complaints of adulterated octane

Several members of the Egyptian Parliament attacked the government over complaints about the circulation of adulterated octane at gas stations, causing sudden breakdowns in some cars. They called for formation of an investigation committee to determine the causes of the crisis and hold those involved accountable. The Ministry of Petroleum confirmed that the gasoline undergoes …

The post Parliament members slams Egyptian government over complaints of adulterated octane appeared first on Egypt Independent.

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Egyptian government announces securing electricity supply for summer 2025

The Egyptian government announced on Saturday that it has secured the electricity supply for next summer, in cooperation between the Ministries of Electricity and Petroleum. The plan includes relying on new and renewable energy to avoid resorting to load shedding. This came during the attendance of Egyptian Prime Minister Mostafa Madbouly at the inauguration ceremony …

The post Egyptian government announces securing electricity supply for summer 2025 appeared first on Egypt Independent.

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Experts call on Egypt’s government to wait on issuing international bonds

Observers and analysts called on the Egyptian government to wait on issuing international bonds until the vision becomes clearer regarding the future of the US interest rate – especially after it was reduced by 50 basis points last week, amid expectations of further reductions which will aid in lowering the cost of external borrowing. This …

The post Experts call on Egypt’s government to wait on issuing international bonds appeared first on Egypt Independent.

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