Subsidy on electricity to be lifted in 5 years in Egypt
Electricity Minister Mohamed Shaker
Cairo - MENA
Electricity Minister Mohamed Shaker said on Monday that the government opted for lifting subsidy on power within five years rather than three years to ease the burden on citizens.
"The subsidy will be completely lifted after five years," the minister said during Akhbar el-Yom economic conference Monday.
"Nine billion pounds will be allocated for the low-income people when the subsidy is lifted," Shaker said.
He added that a feeding tariff will be offered soon, which will pave the way for involving the private sector in investing in plants operating with renewable energy to generate electricity.
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Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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