Egypt business pushes Sisi for energy subsidy cuts


  • World
  • Wednesday, 21 May 2014

CAIRO (Reuters) - Former army chief Abdel Fattah al-Sisi has kept Egyptians guessing about how he will handle energy subsidies, one of the most explosive issues coming his way if, as seems certain, he is elected president next week.

Cautious campaign language shows he is well aware subsidy cuts that would help repair ruinous government finances might also spark the kind of unrest that helped topple two presidents in three years. Yet he may find his resolve to stem the expense stiffened from an unlikely quarter - some of Egypt's wealthiest, whose businesses have benefited greatly from state largesse.

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