Latest in Tag: increase Highlight
Latest in Tag: increase
In Cartoon: Price increases are as bad as walking to the gallows
To the dismay of many, devaluation of Egyptian pound gives way to price increases
The Central Bank of Egypt’s March decision to devaluate the Egyptian pound against the US dollar has caused prices to increase across the board, which includes staples such as tea, rice and cigarettes
20 companies list on EGX in FY 2014/2015
Companies raised total of EGP 5bn
Tomato prices are not crazy, no increase in Ramadan
No one can control or monopolise the prices of vegetables because they have vulnerable expiration dates, says head of the FEDCOC
Officials reflect on possibility of 12 million tourists targeted by year-end
Egypt targets 20% growth in tourist numbers next winter, 15% next summer
Tourism revenues rise to $4.5bn in 1H current FY: Official
Ministry of Tourism aims to increase sector’s income to $10bn by end of fiscal year 2014/2015, compared to $5.1bn last year
State-run, party and independent newspaper prices increase
Prices rise to EGP 2, Al-Masry Al-Youm stays at EGP 1.5
Al-Sisi raises military pensions by 10%
New presidential decree amends law governing military retirement
Gas prices increase to $8 per million BTUs for cement industry
An official source from a cement company who requested anonymity anticipated cement prices to increase in the coming days due to higher production costs.
Delay in budget may cause unexpected 30% fuel consumption increase
Petroleum price increase to be announced unexpectedly to avoid black market fuel distribution, says EGPC official
Egypt’s Talaat Moustafa posts 15% increase in Q1 net profit
Reuters – Egyptian property developer Talaat Moustafa posted a first-quarter profit after tax of EGP 160.8m ($23m) on Wednesday, up 15% from a year earlier, it said in an emailed statement. Revenues fell to EGP 1.14bn from EGP 1.52bn, it said.
Misr Al-Qawia criticises lifting natural gas prices
Cabinet announces price hike in natural gas starting May; party wary the price hike will do little to help Egypt’s energy crisis
Saudi Arabia’s NCB plans capital hike before IPO
Reuters – National Commercial Bank, Saudi Arabia’s biggest bank by assets, plans to boost its capital by SAR 5bn ($1.3bn) through conversion of its retained earnings into capital, it said in an emailed statement on Tuesday. The announcement comes one month after the Saudi government said it planned to float 15% of the state-owned bank …
EGX 30 rises for the 8th consecutive day
Investors seek the Egyptian bourse, leading liquidity to head to the stock market
Market registers highest gains in six weeks
Trading closes at 5,586.65, investor “selling appetite” said to be down
Egyptian pound’s value rises
The value of the Egyptian pound recovers slightly after 2-week long depreciation.
Tourist numbers up 5.2 % in April
CAMPAS indicated that most of the tourists who arrived to Egypt during April were from eastern Europe
Personal loans increase as inflation and price of goods rise
The value of personal loans made in November 2012 increased by EGP 900m from the month of October. The total value of loans in local currency was EGP 111.2bn for the month of November 2012, as opposed to EGP 110.2bn in October 2012. During the same period, loans made in foreign currency increased from EGP …
Ministry of Transport considers metro fare increase
The Ministry of Transport is studying the feasibility of raising the price of metro tickets by around a quarter. Currently EGP1, the new price would be between 125 to 150 piastres, Egyptian media has reported. Furthermore, the ministry is also considering cutting subsidies for public servants, students, the military and police. Egyptian media published contradictory …
Decision to double lawyers’ practicing fees overturned
Court reverses syndicate membership fee hike following protests by law graduates
CAPMAS: Tourism up by 8.3 percent
The Central Agency for Public Mobilisation and Statistics (CAPMAS) released yesterday the latest figures on tourism during July showing an 8.3 percent increase in the number of tourists from around the globe from the same month last year. According to the latest CAPMAS tourism figures, up to one million tourists visited Egypt during July, compared …