Egypt Plans to Increase Electricity Tariffs
Tuesday, 9th August 2016
The Egyptian Electricity and Renewable Energy Minister, Mohamed Shaker, announced that the government is to increase electricity tariffs for both residential and commercial consumption to counter balance the rise in the cost of production.
World Bank Reports Decline in MENA’s Economic Growth
Sunday, 7th February 2016
A World Bank's recently published report on the Middle East and North Africa stated that 2015 economic growth in the region came to only 2.6%, falling short of a 2.8% forecast in October, as war, terrorism, and cheap oil took their toll.