#global crisis
Egypt’s Prime Minister Mostafa Madbouly announced on Tuesday 9 August the government’s plan to rationalise energy consumption nationwide as a means of redirecting natural gas towards exports to net foreign currency. The plan, which includes a basket of restrictive measures concerning energy and electricity consumption, is to be announced on Thursday 11 August, and is expected to be effective next week. As a result of the rise in dollar interest rates, the Egyptian government hopes to export around 15 percent…
