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Egypt announced deep cuts in energy subsidies in its budget for the 2014/15 fiscal year on Monday, a first step toward reducing the deficit after three years of political turmoil that have battered the economy.
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Monday 30-06-2014 06:25 PMFormer Egyptian army chief Abdel Fattah al-Sisi, who is expected to win a presidential election this month, said in a television interview broadcast on Tuesday that costly energy subsidies could not be lifted quickly.
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Wednesday 07-05-2014 12:00 PM