Latest in Tag: Prices Highlight
Latest in Tag: Prices
Finance Ministry considers increasing cigarette prices by EGP 0.5-2
We have submitted a proposal to increase the tax on imported hookah tobacco by 175% next fiscal year, says Imbaby
Automotive companies offer no price cuts in Ramadan
For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Most car models’ prices remained unchanged, except Nissan, Hyundai, Chery, and Ford. Auto companies expect that the sector’s sales will fall due to the Central Bank of Egypt’s (CBE) decision to raise the …
Supreme Council of Antiquities postpones increasing ticket prices of archaeological sites to November
Ticket for the Great Pyramid of Giza was increased from EGP 200 to EGP 300 for foreigners, from EGP 100 to EGP 150 for foreign students, second pyramid ticket increased from EGP 30 to EGP 60 for foreign students
Hotel food supplies prices up by 40%
Owing to dramatic rise of prices, hotels do not stock food commodities
Most food and beverage companies have decreased size of products by 20%
Shrinkflation grips Egyptian companies hit by rising production costs
High operation costs force Egyptian hotels to reduce prices in summer
North Coast hotels will record the highest prices in the next summer, followed by Ain Sokhna at EGP 1,500 per night, then Hurghada and South Sinai
High prices affect the holy month of Ramadan in Egypt
The inflation affects the price of all products at the time of Ramadan
Egyptian FlyEx.aero aims at expanding in the Gulf and US
We are negotiating with a number of investors to get seed investment, says El-Masry
30 companies ask for compensation for price differences in contracts with Electricity Ministry
Ministry is considering compensating companies by 10-30% of contracts’ value despite losses exceeding this amount
Price hikes overshadow restaurant offers in Ramadan
Programme for meals and shows during the month of Ramadan see prices rise by 50-100% as a result of flotation
Electricity Ministry set to decide on new tariff increase this month
Average households will see 20-40% increase, subsidies to continue for 5 more years
FEI discusses application of energy price increases with energy council
The executive regulations of the Investment Law will be issued within three months, says head of FEI
Al-Sisi freezes exports of fish to control local prices
Exports skyrocketed last year, causing a sharp increase in prices, according to the president
2,000 real estate companies exit market in 2016 due to price hikes
The number is expected to increase because of the delay of the Compensation Law, says Abdul Aziz
39% Decline in car sales in January
Locally manufactured cars decline by 42.5% with predictions of continued decline in February
Tradeline to reduce Apple product prices in Egypt
The new price list will take effect starting 9 March
The future of product prices is unpredictable
Experts, businesspeople, and investors remain unsure about whether the prices will be hiking or dropping in the future
Volatility of FX rate hiked mobile phone prices over one year
Companies resorted to the black market to secure their pre-flotation US Dollar rate
Phone prices increase, despite reduction in March
The price increases of some phones exceeded 50% compared to last year
Samsung reduces prices of mobile phones by 5.6%
Samsung reduced the prices of its mobile phones for the second consecutive time at a ratio between 3% and 5.6% from the beginning of March. The price of the Piton declined from EGP 420 to EGP 400, a reduction of 4.8%. According to the price list obtained by Daily News Egypt, the price of the …
Infinix reduces the prices of its mobiles by 8%
The company agrees with agents to bear the price differences for traders
Price hikes increase car sales to EGP 44.4bn
The wave of increased car prices in 2016 has increased growth in the value of car sales, taking them to EGP 10.4bn after the car market achieved total sales worth EGP 44.4bn last year, compared to EGP 34bn in 2015. The passenger car market sold more than 142,000 units—a 27% decline—compared to 195,500 cars sold …
3% decline in iPhone prices, 4% in iPads this month
The price of iPhones declined by 3% in February, where according to the new price list of Apple products, the iPhone 7 Plus has declined by 3%, from EGP 19,999 to EGP 19,399, whereas the price of the iPhone 7 Plus-28GB declined from EGP 22,699 to EGP 22,018. The iPhone Plus 7-256GB declined from EGP …
New increases in Huwaei and Infinix mobile phone prices this February
8.6% increase in Huawei prices, 7.9% increase in Infinix
Price decline is freshening hopes in the automotive market
Decline of prices is an initiative by the merchants that will not last for so long, according to El-Magd
High-class lands lead price hikes of residential units
NUCA prepares the offering of new lands, square meter prices in New Cairo might reach EGP 6,000
Reducing price of products depends on stability of US dollar
After the Ministry of Finance reduced the price of the US dollar used for customs to EGP16, down from EGP18.5 on 16 February, media outlets stated that the prices of a lot of products will decrease soon. The prices of almost all products have hiked during the previous months after the Central Bank of Egypt …
Will commodity prices go down as pound strengthens?
Companies pledge to bring prices down; others refuse due to inventory input
Hyundai, Kia, Chevrolet continue the price race
The month of February again saw price increases of nearly all major car brands
Ministry of Supply to increase oil, sugar prices on ration cards in February
The Ministry of Supply and the cabinet are considering substantial modifications to the ration system after the completion of the ration cards filtration by the end of January. The ministry raised the price of oil to EGP 12 instead of EGP 10, sugar to EGP 8 instead of EGP 7, and vegetable ghee to EGP …