Egypt to remove diesel subsidies for tourism sector gradually
27/05/2014 1:34 am EDT

share with your network:

Egypt’s tourism minister, Hisham Zaazou has said the removing diesel subsidies for the country’s tourism sector will not happen all at once and will take place at the beginning of next November, Daily News Egypt has reported. The finance ministry had agreed to allocate EGP2bn of next year’s fiscal budget in order to remove diesel subsidies for the tourism sector. According to the Egyptian General Petroleum Corp, subsidies for the tourism sector are worth EGP12.5bn annually.

About the Author

share with your network:

Share your view

© 1996-2016 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2016 Dubai Business | Ameinfo . All rights Reserved.