Egypt will remove industry subsidies over time

Egypt plans gradually to remove subsidies for the cement, fertilizer and iron and steel industries, the state-run Ahram reported, citing Hatem Saleh, the industry and foreign trade minister.

The policy, which was agreed on during a national dialogue between the government and businessmen, will also include the gradual removal of subsidies for the food industry, the newspaper said.

This entry was posted in Investors, News and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s