Egypt has increased electricity prices for residential and business customers by up to 50 per cent, a senior source at Egypt's Ministry of Electricity and Renewable Energy told The National on Tuesday.
The Ministry of Electricity and Renewable Energy did not announce the decision. It is part of a plan to gradually remove subsidies by December 2025, a requirement under Egypt's agreement with the International Monetary Fund.
The new pricing scheme, which was issued on Sunday, according to a source at the state-owned South Cairo Electricity Distribution Company, ranges between 14 per cent and 50 per cent. It went into effect for homes and businesses with prepay meters on Monday and will be added to September bills for postpay users.
For residential consumers, the price increase ranges from 14 to 50 per cent, while the rise in the commercial sector ranges from 24 per cent to 47 per cent.
Thousands of prepay users have complained about the price rise to the ministry, according to an official at the state-owned North Cairo Electricity Distribution Company.
Second increase
This month’s increase is the second this year, following one in January when prices went up by between 16 per cent and 20 per cent.
The price adjustments are part of Egypt's energy sector reforms intended to reduce fiscal burdens and attract private investment, as outlined in the country's agreement with the IMF, which will provide the government with $8 billion in financing until the end of 2026.
“Restoring energy prices to their cost recovery levels, including retail fuel prices by December 2025, is essential to supporting the smooth provision of energy to the population and reducing imbalances in the sector,” the fund wrote in its third review of Egypt’s loan programme, published on July 29.
Daily power cuts, introduced in August of last year by the government to cut energy consumption, have continued throughout this summer also.
The rise in energy prices also follows a partial cut for sugar subsidies, implemented on Monday and announced by Egypt’s Ministry of Supply and Internal Trade.
The government also raised fuel prices, including diesel prices, by 15 per cent on July 25, the second time this year. During a televised speech announcing the fuel price increases, Prime Minister Mostafa Madbouly said the government plans to “break even” on fuel prices by December 2025.
In April, the IMF estimated that Egypt will spend 331 billion Egyptian pounds ($6.78 billion) on fuel subsidies in 2024-2025 and 245 billion Egyptian pounds ($5.02 billion) in 2025-2026.
The Egyptian government has repeatedly said that subsidies cannot continue at the rate they are at because of the high rate of population growth in Egypt.
However, high inflation and a drop in the value of the local currency have significantly reduced the population's purchasing power at the same time that subsidies are being cut, leading to a wave of dissatisfaction with the government’s reforms.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
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UAE currency: the story behind the money in your pockets
2.0
Director: S Shankar
Producer: Lyca Productions; presented by Dharma Films
Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey
Rating: 3.5/5 stars
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Other IPL batting records
Most sixes: 292 – Chris Gayle
Most fours: 491 – Gautam Gambhir
Highest individual score: 175 not out – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)
Highest strike-rate: 177.29 – Andre Russell
Highest strike-rate in an innings: 422.22 – Chris Morris (for Delhi Daredevils against Rising Pune Supergiant in 2017)
Highest average: 52.16 – Vijay Shankar
Most centuries: 6 – Chris Gayle
Most fifties: 36 – Gautam Gambhir
Fastest hundred (balls faced): 30 – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)
Fastest fifty (balls faced): 14 – Lokesh Rahul (for Kings XI Punjab against Delhi Daredevils in 2018)
More on animal trafficking
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
The biog
Marital status: Separated with two young daughters
Education: Master's degree from American Univeristy of Cairo
Favourite book: That Is How They Defeat Despair by Salwa Aladian
Favourite Motto: Their happiness is your happiness
Goal: For Nefsy to become his legacy long after he is gon
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
MATCH DETAILS
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Sholto Byrnes on Myanmar politics
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SHAITTAN
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Our Time Has Come
Alyssa Ayres, Oxford University Press
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
The%20specs
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