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Egypt's prime minister on yesterday defended his government's decision to introduce a steep rise in fuel prices, saying energy subsidies have over the past decade cost the treasury a staggering 687 billion pounds (nearly $100 billion) that could have been used to bolster essential services.

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EBEID IBRAHIM

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                    [Title] => Egypt premier defends steep rise in energy prices
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Egypt premier defends steep rise in energy prices

By Mariam Rizk | July 6, 2014 - 6:09am

Egypt's prime minister on yesterday defended his government's decision to introduce a steep rise in fuel prices, saying energy subsidies have over the past decade cost the treasury a staggering 687 billion pounds...

World