Latest in Tag: price Highlight
Latest in Tag: price
US dollar price varies at banks, CBE on Tuesday
Bankers expect the greenback to change hands at EGP 15-16 for three months
US dollar continues to fall on Monday, recording EGP 15.25-15.32 in official market
The price of the US dollar against the Egyptian pound continued to decline on Monday, recording EGP 15.25-15.32 for buying and EGP 15.75-15.85 for selling at several banks in the Egyptian market. The US dollar exchange rate against the pound recorded EGP 15.25 for buying and EGP 15.75 for selling at the Commercial International Bank …
US dollar exchange rate movement since flotation of the Egyptian pound until 13 November
Date Buy Sell 13/11/2016 15.5697 16.3122 10/11/2016 16.4224 17.0738 09/11/2016 17.0422 17.6330 08/11/2016 17.4170 17.8427 07/11/2016 16.4111 17.2632 06/11/2016 15.6643 16.2222 03/11/2016 14.6350 14.6550
US dollar price increases in mid-Sunday trading to EGP 16.5
The price of the US dollar increased in the five major banks operating in the Egyptian market as of 5.30pm on Sunday to register EGP 16.5 for selling, while the price ranged between EGP 15.75 and EGP 15.80 for buying. BANK Buy Sell NBE 15.80 16.50 Banque misr 15.75 16.25 Banque du Caire 15.80 …
High US dollar exchange rate, import restrictions lift computer prices in 2016
PC prices increased by 60% while demand fell by 50%
Car market has no spare parts
70% deficiency in the market; spare parts for Korean, Chinese, Japanese, European models are absent
ZTE, Infinix, Sony increase mobile prices in October
Increase ratios range between 1.5% and 8%
Contrary to market expectations, CBE fixes US dollar price in its regular auction
The bank directed the auctioned US dollar to cover imports of pharmaceutical products, vaccines, and medicine-related chemicals
The Egyptian government’s Sisyphean attempt to control prices
The government is keen on providing for the needs of Upper Egypt’s neediest, says prime minister
Government must improve efficiency of electricity consumption to coincide with price increases: expert
When the government announced two years ago its hope to cut electricity and petroleum subsidies, it did not provide any programme to protect the poor from the harm it would cause them due to the inevitable price increases. Even when it said that the money saved from cutting subsidies would be used to improve living …
Expected to be another heavy burden for the poor, citizens refuse electricity price increases
After another increase in electricity prices, citizens appear to not be receptive to this new measure at all, especially as the majority of them have not seen any increases in their salaries in the meantime. Some may save some money by cutting unnecessary habits, others could rationalise energy consumption. Daily News Egypt asked people on …
Government announces electricity price increase in subsidy reform strategy
The state is continuing its economic reform and liberalisation by scaling back subsidies on electricity consumption; it too early to see how the reforms will affect Egyptian consumers, says Arqaam Capital Researchers
Car companies halt sales, adjust pricing policies
The government should set a special US dollar price for car imports, says EAMA executive director
US dollar loses EGP 0.10 on informal market reaching EGP 12.40
Informal market started lowering the selling prices of the US dollar after news of the IMF’s $12bn loan to Egypt
Confusion in electricity sector as price increases not applied for July
Distribution companies to issue July’s bills at 2015 feed-in tariff rates, awaiting minister’s speech
No increases in ticket prices in the coming period: EgyptAir chairperson
First instalment of operating lease for new Boeing aeroplanes will be paid after first aircraft arrives on15 December, says Mosallam
Egyptian renewable energy disinvestment over price and arbitration disagreements
The government’s plans to develop renewable energy is to blame for mismanagement and unfair practices, says Hesham Tawfik
Shell, Apache agree with Petroleum Ministry to price gas from Apollonia field at $4.6/1m units
Apache completed drilling two horizontal wells in limestone layers in Western Desert: source
Medicines price increase does not commensurate with devaluation of Egyptian pound against US dollar
The decision includes increasing prices of 70% of local and imported medicines
Ceramics division demands intervention from PM to save ceramics industry
Increase in gas, US dollar prices pushes up production costs and decreases exports by 50%
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
Amer denies plans to devalue Egyptian pound after its price falls in informal market
While the dollar is scarce, trader’s speculation has also driven inflation, says banker
US dollar records EGP 11 in informal market Tuesday: traders
The CBE provides the US dollar to banks in the local market at a rate of EGP 8.78, while it is sold to individuals at commercial banks at EGP 8.88
Samsung increases the price of mobile, tablet, computer, smart watches
Samsung Electronics follows a “fair pricing policy” in the local market, says Barakat; traders indicate Samsung prices increased by 6% to 9.8%
In Cartoon: Floatation of Egyptian Pound
Further conflicting official statements on possible increase of Metro ticket price
“The Uprising of the Poor’s Metro” protest campaign called upon activists and metro users to stage peaceful demonstrations inside stations, in protest of any price increase
Gold demand up by 7% in Q3 of 2015
Prices to reach $1,100/oz in Q4 2015
Russia’s week: no food, cheap alchohol and ‘bling-bling’ watches
As the price of staples rises in Russia, the government has started destroying tons of imported food which critics say should be given to those in need. Fiona Clark in Moscow looks on in dismay. Earlier this week Russia started destroying the 552 tons of illegally imported food products smuggled into the country in the …
Oil price will break $70 barrier next winter: Expert
Reduction of subsidies bill for FY 2014/2015 to EGP 60bn, says petroleum expert
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