Latest in Tag: price Highlight
Latest in Tag: price
Foreign tobacco companies in Egypt reject new cigarette price increases: Official
Tensions prevail in cigarette market, traders exploit the situation to raise prices, according to CTA head in Cairo, Giza
Dollar value rises to EGP 7.19, further 5% devaluation expected
Government faces pressure to combat black market before the March Economic Summit
2 killed in Pro-Morsi Friday clashes
Morsi supporters protest against price hikes and Gaza offensive
Government needs more inclusive, transparent strategy towards subsidy cuts: Al Nour Party
Misr Al Qawia criticises decision, Al-Nour Party calls for transparency and improved methodology, while Socialist Popular Alliance proposes alternate
âCatastrophicâ it is!
Amnesty International said last week that Egypt is witnessing a âcatastrophicâ decline in human rights. Indeed, human rights conditions in Egypt are currently a disaster, but the âcatastropheâ Egyptians are witnessing these days is all-encompassing. On Friday, the government announced an increase in fuel prices â a step every government has struggled to take and …
Fuel subsidy bill for 2014/2015 to exceed budget: Former EGPC VP
The government announced approval for the new budget on Monday after reducing the deficit to approximately EGP 240bn, in large part due to new measures rationing petroleum subsidies.
Gas prices for foreign partners to be adjusted according to economic cost: Petroleum minister
âThe state will provide financial allocations to import gas for electricity through any possible means,â says Ismail
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 Egyptâs energy crisis
Egypt to lift natural gas prices for homes, businesses
Price hike only affects users connected to gas grid, most citizens not connected to grid
Egyptian Pound strengthens slightly at Dollar sale
The central bank said it sold $38.8 million to banks at its auction, at a cut-off price of 6.8774 pounds to the dollar
One dead in Sudan protests over oil price hikes
Hundreds of demonstrators took to the streets of Wad Madani in Al-Jazeera state on Monday after the government announced price hikes following the lifting of oil subsidies, witnesses said.
Price of dollar nears EGP 7 after last weekâs transactions
Nears EGP 7.30 on the black market, the highest rate recorded since currency crisis began last month
Cellular operators raise price of prepaid cards
Sources within a number of companies have stated that a recent decline in net profit for mobiles operators have contributed to the need to restructure financial support systems provided to users
Worldwide economic instability instigates drop in metal prices
The prices of non-ferrous metals (copper, aluminium and lead)have dropped across international markets, after witnessing a slight rise last week, according to a report published by the Metallurgical Industries Chamber (MIC). The price of copper fell by $137, recording $8,156 per tonne on 25 September, compared to $8,293 last week. Aluminium prices followed suit, falling …
Closing price mechanism to be launched Thursday
The Egyptian Stock Exchange (EGX) will implement a new closing price mechanism on Thursday. Egyptâs financial watchdog, the Egyptian Financial Supervisory Authority (EFSA), approved the new regulations for changing stocksâ closing prices, as suggested by EGX board of directors, on 28 August in an effort to impose more discipline over trading operations. The new regulations …
Presidential decree solidifies military control of land in Sinai
Within the coming few days a presidential decree is to be issued to amend Sinai Development Act number 14 for the year 2012, which Prime Minister Hisham Qandilâs cabinet approved in its last meeting, state-run Al-Ahram reported Saturday. According to Al-Ahramâs report, the presidential amendment stipulates the establishment of a National Authority for the Development …
Oil prices slide in nervous market
“The sudden sharp decline in crude oil prices late last night in New York remains a mystery today,” said CMC Markets analyst Michael Hewson
South African mines reopen but unrest continues
Global platinum price rises in response to strikes that have seen 45 miners killed
Silence outside US embassy drives stock market up by 2.8 percent
Following a wave of selling by Egyptian traders, Egyptâs stock market finished yesterdayâs session in the green
Protests and strikes against recession in Palestine
PM promises to reduce prices by cutting salaries of ministers and officials
Dozens protest membership price hike at Lawyers’ Syndicate
Protesters vow to continue protesting until board decision reversed
Fabulous Fayoum: the art of natural history
Relaxing and reflecting in the natural beauty and artistic atmosphere of Lake Qarun and the Valley of the Whales
Alcohol laws: leaving Egyptians high and dry
A trend that is sure to continue, as the Egyptian government carries on its track record of endowing its visitors more rights than its own citizens
Unlicensed factories and Fraud exacerbate bottled water crisis
A statement by chambers of commerce blames the Egyptian standard specifications
Jordan goes back on fuel price hikes
Proposed 10% rise in fuel prices stooped by King Abdullah II
German tourist bookings expected to burgeon
Minister of Tourism Hisham Zaazou met German travel agents to promote Egypt as a tourist destination at a workshop in Al-Gouna resort on Saturday. Zaazou told attendees that tourism is one of the countryâs top priorities and a vital source of foreign currency and employment opportunities. Up to 25 German tourism companies participated in the …
Israelis protest rising living costs
Hundreds demonstrate in front of Netanyahuâs house, protesting economic policy and tax hikes
Jordanians protest skyrocketing fuel prices
Ten percent fuel price hike sparks outrage in Amman
EFSA enact new regulations for changing stocksâ closing price
Chairman of the Egyptian Financial Supervisory Authority (EFSA), Ashraf El-Sharqawy, approved new regulations for changing stocksâ closing price, suggested by Egyptâs Stock Exchange (ESE) board of directors, in order to stem closing price manipulations that delay trading operations. The new regulations stipulate that in order to change a stocksâ closing price, the number of shares …
Government to enforce Competition Protection Act
The government plans to re-enforce article 10 of the Competition Protection and Monopoly Prevention Act (CPMPA), according to Minister of Industry and Foreign Trade Hatem Saleh. The Citizens Against Price Rise Association (CAPRA) recommended reviving article 10 of CPMPA, which stipulates that the prime minister has the right to set the price of one commodity …