Latest in Tag: Prices Highlight
Latest in Tag: Prices
Government’s programme aims to liberalise gasoline prices in local market: Petroleum Minister
State budget bears 35% of fuel cost
Government did not inform parliament of upcoming increases in fuel prices: Hegazy
Fuel prices may rise before the end of the current fiscal year as part of the economic reforms undertaken by Egypt to obtain a loan worth $12bn from the IMF, while in the Q2 and Q3 of the current fiscal year, there aren’t any intentions for increasing prices
How Egyptians coped with soaring prices???
Egypt, a country with a population of 90m, where more than 28% of them live below the poverty line, has been struggling with economic challenges and political turmoil since the 25 January Revolution in 2011. In November 2016, the government started to implement the economic reform programme backed by the International Monetary Fund (IMF), which …
Egypt’s inflation cools as food prices stabilize, likely to extend downward trajectory
Inflation at 30% in October, expected to end the year around 21%
Real estate prices is a mirror for the inflation: Colliers International
Real estate prices will still go up due to the inflation that came as a result of the currency devaluation, according to Regional Director at Colliers International Middle East and North Africa Ian Albert. Colliers International is a global commercial real estate company. In an interview with Daily News Egypt, Albert said that the there …
New prices may affect customer consumption: Vodafone
We have submitted a different proposal for repricing cards six months ago, NTRA rejected it, says Essam
Car price hikes since the flotation
Price increases range from 9% to 105%, with Toyota in the lead
Back to school slogan loses its luster this year
Floating the pound, lower purchase value, and the feast puts the Egyptian family in a dilemma
Steel prices increase six times in only one month: Egyptian Federation for Construction
During the period from 10 July to 10 August, prices of steel increased six times, according to a member of the Egyptian Federation for Construction and Building Contractors, Sahl Al Damrawi. Al Damrawi noted, “there is no justification for this increase except the absence of the role of the state in controlling prices. The producers …
Agents break expectations of distributors, traders by raising prices during July
Nissan, Chevrolet, and Toyota are the leading companies
Uber raises tariff after fuel price hikes
The ride-hailing company, Uber, has decided to amend its tariff, following the hike in fuel prices at the end of June. According to the new prices, the basic fare was increased to EGP 6 for UberX and EGP 7 for Uber Select. The company also increased the tariff per km to EGP 1.85 for UberX …
Increase in ADSL internet prices in September
14% increase on ADSL internet bills in all companies
Fuel price hikes drive consumers to switch to gas instead of gasoline
The switch will save EGP 500 per month at an average use of 10 litres of gasoline 80
92% decrease in global demand on Egypt’s oil in 2018: Credit Suisse
Nigeria and Libya production surprised to the upside, and demand growth hit a speed bump in Q1 17, says the report
Egypt automotive market under pressure amid elevated inflation, high borrowing costs
Vehicle prices on the rise despite lower demand, says BMI Research
Careem raises tariff after fuel price hikes, Uber still studying
Minimum set at EGP 5.5, EGP 2.21 per km
Higher electricity prices increase cost of accommodation: tourism officials
We have known about increasing electricity prices two years ago, says Naguib
Eastern Company raises cigarette prices on higher production costs
The government says the company raised the prices on its own accord without any intervention
Car prices unchanged in July except Hyundai, Nissan, Chery
Car companies maintained their prices in July, except Hyundai, Nissan, and Chery. The increases of the three companies ranged between 1,500 and 11,000. For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Auto companies expect that the sector’s sales will fall as …
Government will completely abolish electricity subsidies in 2022: Shaker
Hiking prices is unrelated to IMF loan, signing of Dabaa contracts within months
18-42% increase in electricity prices
EGP 19.4bn were allocated to increase electricity production
Increasing electricity prices expected to proceed EGP 30bn
Prices for industrial activities to be surged by 30-40%, EGP 47bn allocated for household subsidy
No increase in medicine prices this year: Minister of Health
The minister signed an agreement with medicine companies to increase prices of new group of drugs in August, says Al-Leithi
Egypt inflation likely to rise 3-4.5% after fuel price hike: Kojak
Egypt’s inflation rate is expected to rise by between 3 and 4.5 percent following last week’s fuel price hike, Deputy Finance Minister Ahmed Kojak said on Monday. Global Search House expected prices to resume rally again after Egyptian government enacted a second round of economic reforms at the beginning of the fiscal year 2017/2018. Egypt …
Egytrans launches road transport fleet project worth EGP 9m during current FY
Egytrans signed an agreement with Ahli United Bank to have a facility of EGP 35m as letters of guarantee and about EGP 20m working capital
No increase in prices of cigarettes and oils after increasing VAT to 14%: El Monayer
Increasing VAT by 1% will have limited impact, 57 categories of goods and services to remain exempted
Fuel prices increase construction costs by 15%
Recent economic reform decisions raised administrative expenses and profits of contracting companies by 30%, says Abdellah
Mobile prices expected to hike after surge in fuel prices and VAT
Samsung mobile prices decline by 6.5%, Chinese Itel raises its prices by 13% in June
Government raises fuel prices, gasoline 92 surges to EGP 5
Measure comes within the economic reform programme to rationalise spending and finance social protection of low income citizens
As raw commodity prices accelerate, food companies likely to reprice products
Milk powder prices hover around 5-years high, sugar rises 7.5% in 2 months