Latest in Tag: Prices Highlight
Latest in Tag: Prices
Transportation fares see 35% to 50% increase, contrary to government estimates
Egypt’s official statistics agency reported that public transportation fares would increase up to 7%
Supply ministry continues Ramadan offerings
Food commodity prices offered at 30% discount, ministry says
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
Supply ministry welcomes Ramadan with discount commodities
Exhibition for food at reduced prices to start Wednesday at the Cairo International Fair Grounds in Nasr City, the ministry says
Real estate facing price jumps on rising building materials costs: Arabia Group chairman
Real estate experts expect price jumps in properties, as government price rises for petroleum push up the cost of building materials
Factories demand government provide energy before discussing price increases
An official source at a cement company who preferred to remain anonymous said that he was “surprised” at the government’s desire to raise gas prices for factories at a time when a gas shortage impacts their productive capacity.
Raising fuel prices increases corruption and burden on the poor: Petroleum expert
Government reduced allocations for petroleum subsidies to approximately EGP 104bn from EGP 134bn in 2013/2014, raising fuel prices in the local market, according to the proposed 2014/2015 budget
Prices of basic items to increase: Citizens Against Price Rises
Prices to increase due to production price increases affected by low energy subsidies, says Federation of Egyptian Chambers of Commerce
Annual urban consumer inflation falls to 8.2% in May
May’s annual inflation rate at its lowest since November 2013, says CAPMAS
Carrefour’s Ramadan prices of basic items will be 8% lower than cheapest seller: Executive Regional Director
Carrefour’s Executive Regional Director says new Carrefour branch to open in Hurgada within coming weeks
Annual inflation drops while foreign reserves rise
Revenue consistency prompts rise of foreign reserves for fourth consecutive month and the government’s negotiations with merchants lead to prices control, experts say
Al-Sisi pledges to control rising prices
Presidential candidate asserts he will not depend on fixing prices as a means of control
Revenues from price hike in natural gas will finance its delivery to homes: Cabinet
Government says the new decision took into account needs of low-income citizens
Cabinet to kick off food and commodities discounts
Discounts are meant to counterbalance increasing inflation rates, cabinet says
Brent rises on tight supply; heating oil gains
US oil fell, pressured by weak manufacturing data attributed to the cold winter weather. That data overshadowed steady consumer sentiment.
Dubai house prices forecast to reach pre-crisis levels
The fast growth has raised concern about a potential repeat of the property market bubble that sent prices plunging by more than 50% after the 2008 financial crisis.
No increases in cigarettes selling prices: Head of Egyptian Tax Authority
Minister of Finance had earlier announced new selling prices
Oil price gains capped by prospect of Iran supplies
Brent North crude for February firmed two cents to stand at $106.77 in London around midday in London.
Inflation rates down 1.3% in December: CAPMAS
Inflation rates slow down for the first time since May 2013
Oil prices rise as US cold snap boosts demand
Brent North crude gained also 37 cents to stand at $107.10 in London deals.
Food prices lead Turkish inflation higher in December
Turkey has an official 5% inflation target and a most recent central bank forecast of 6.8% for 2013.
New food market in Cairo to sell at low prices
Minister of Supply opens a new market in preparation for Copts’ feasts and New Year celebrations
Government dispatches trucks to sell vegetables and fruits at low prices
Minister of Supply Mohamed Abu Shady was quoted in the statement as saying that this procedure comes to alleviate burdens on low-income citizens.
Pharmaceutical leader calls for hike in drug prices
Novartis’s vice-president also called for the Ministry of Health to formulate a clear system to guarantee the delivery of modern and innovative drugs as quickly as possible and at the appropriate prices.
Gold Prices hit new low
No predictions on when the market will pick up again: Head of the gold division at the chamber of commerce
Ahmed Al-Wakil: Fair prices will not be realised unless commodity exchange controls are established
Import duty solution does not take into account the fact that consumers bear the costs of company and state failures
Annual inflation reached 11.15% in October: CAPMAS
The urban consumer inflation rate rose to 10.4% in October
Twitter set to make a splash on Wall Street
The company will trade under the “TWTR” symbol on the New York Stock Exchange, breaking from the Nasdaq market used by a large number of tech companies.
Oil hits 3-month low as market awaits delayed US data
It later stood at $99.95, down 86 cents compared with Friday’s close.
Chambers of Commerce announce ways of curbing inflated prices
Federation of Egyptian Chambers of Commerce: no alternative for “redeveloping trade” to adjust prices in the markets