Egypt Tax Delay Means Rich Pay Less to Cut Deficit: IMF

The International Monetary Fund criticized Egypt’s decision to delay imposing capital gains tax on stocks because it means that the cost of shoring up public finances will be borne by “people who are less able to afford it.”

Egypt to start rationing subsidised fuel in July

CAIRO (Reuters) - Egypt will implement its delayed plans to ration subsidised fuel through a system of smart cards at the beginning of July, the country's minister of petroleum and mineral resources said on Monday.