From the web: “Egypt cuts electricity subsidies, raises prices by avg of 26 pct for FY 2018-19 -minister”

CAIRO, June 12 (Reuters) – Egypt on Tuesday announced new cuts to its electricity subsidies, raising prices by an average of 26 percent in the 2018-2019 fiscal year beginning July, Electricity Minister Mohamed Shaker said on Tuesday. Shaker said electricity costs for factories would rise about 41.

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