Latest in Tag: Prices Highlight
Latest in Tag: Prices
Egyptian Cabinet denies setting electricity prices based on residential area
Electricity prices are defined by only consumption segments
CBE reveals developments in commodity prices during February 2021
Annual food inflation remained broadly stable at -0.5% for second consecutive month
Egypt to see car prices variation in March as overpricing returns
Car sales in Egypt increases by 26.5% during 2020 to record 231,200 units
CBE reveals commodity prices’ movements in January 2021
Vegetable prices fell by 23.6% for second consecutive month
Egypt’s annual urban inflation slows to 4.3% in January 2021: CAPMAS
The annual core inflation rate computed by the Central Bank of Egypt recorded 3.6% in January 2021, compared to 3.8% in December 2020.
‘Overpricing’ leads to sales decline in Egypt’s automotive market
Consumer reluctance to buy vehicles is fuelled by surge in prices
Auto Dealers to hold expanded meeting on ‘Over Price’ phenomenon
Among discussions on several other issues facing the sector, the association will also look into finding solutions to the issue of overpricing on vehicles.
Gold prices hike notably as 24-carat breaks EGP 1,000 barrier
Bullion coin price rises by about EGP 72 to EGP 7,048
Gold prices rise EGP 19 as 21-carat records new high
Gold prices rose to record levels as the rift between the US and China intensified, and a weak US dollar pushed investors to seek refuge in the safe haven
Gold rises to 9-year high, strong expectations for continued rise
Gold remains safe haven in light of continuing global storms, says Abdel-Aal
Egypt mobile prices increase 15% due to new NTRA fees, low imports
Companies such as Samsung, Oppo, Xiaomi have already raised their prices to cover added expenses
Egypt sees gold purchase growth despite high prices: Sabayik al Kuwait
Gold sales have continued to grow in Egypt for the second week despite high prices, according to Ragab Hamed, Associate Director at Sabayik al Kuwait for precious metals trading. Prices for the precious metal have recently touched EGP 911,000 per kilo for 24-carat and EGP 6,360 for the gold bullion coin. In a weekly report …
Industrial stocks surge in anticipation of more energy prices cut
Industry sources told Daily News Egypt that companies, including Egyptalum, continue to push hard for a further lowering of electricity prices from the current $0.06/kwh or EGP 1.0/kwh, to $0.04/kwh.
Moody’s expects prolonged depression in oil prices
Brent to average $35/bbl in 2020 and $45/bbl in 2021, Moody’s projects
Egypt raises electricity prices, phasing out remaining subsidies over 3 years
Household electricity prices increase by an average of 19.1%
Cautious drop in petrol prices due to oil market’s high volatility: Beltone
Limited impact on inflation, which remains in CBE target zone, despite expected pressures
Petrol prices could see further cut unless Covid-19 impact: source
Egypt imports 50% of its diesel and LPG needs, 25% of petrol
Egypt lowers fuel prices by 3%
Fuel prices fall by 25 piastres due to ongoing coronavirus pandemic which has dented oil prices
Building material prices decrease slightly in March
It added that the price of Portland cement recorded a decline in February 2019 to EGP 850 per tonne. This marked an 8% decrease on the same month in 2018.
Reducing electricity prices for households not likely, but exempting segments is possible: sources
Subsidies in current fiscal year are EGP 33.5bn
General budget bears EGP 6bn extra expenses after cutting electricity prices for factories: source
Law allows government to adjust power prices and bear cost difference
Egypt’s parliament calls on government to reduce gas prices for factories
Egyptian member of parliament believe fair gas prices for factories is $3.5-4.5 per million British Thermal units
Egypt prepares to reprice electricity in July
Initial features indicate slight increase in prices, not affecting low-income
Finance Ministry downgrades oil prices’ expectations to $64 per barrel
Interest rates to slightly decrease by end of FY2019/20, says report
Oil prices jump to highest level in more than 3 months, recording $68.66
Brent rise will not affect Egypt, thanks to hedging mechanism: Source
Egypt holds prices of petrol, diesel in quarterly reveiw
The committee also decided to keep the diesel price at EGP 6.75 per liter and hold the selling price of diesel tonnes for non-electricity and bakery uses at EGP 4250 per tonne.
Oil prices fall to $64.19 barrel due to US-China trade war
Brent rate increased by 1.5% on Friday after OPEC’s agreement to further reduce production
Oil prices plunged to $59.12 per barrel on the back of increased US stockpiles
Decline in global demand for oil threatens to OPEC’s plans to cut production, says Youssef
Gas prices continue to decline due to oversupply in world markets
US cuts gas rigs to 144, as production reaches 2.39trn scf
Government stabilises fuel prices as hedging contracts defy oil fluctuations
A government source told Daily News Egypt that the government has fixed the prices of petroleum products, in parallel with fixing the value of hedging against price fluctuations, which protects the state budget from bearing any additional burdens.