Latest in Tag: Prices Highlight
Latest in Tag: Prices

Charter flight stimulation: Suspension or reinforcement
Programme aims to reduce shelter and take-off fees by about 20%-30%, or exempt airplanes from paying them, says Al-Adawy

NCFPMAC urges Al-Sisi to stop âgovernment recklessnessâ in fuel price increases
Transportation fares expected to increase due to lack of government supervision, centre said

Despite dip in tourism, Moez Street maintains historical art of engraving
Handcrafted engraved copper prices vary from EGP 35 to EGP 1,500

State-run, party and independent newspaper prices increase
Prices rise to EGP 2, Al-Masry Al-Youm stays at EGP 1.5

Commodity prices stable, prices drop: Minister of Supply
The minister pointed out that enough quantities of cooking oil have been contracted to suffice for consumption till the end of July – a total of 172,000 tonnes – with a value of EGP 1.5bn. A supply of Brazilian poultry, 23,300 tonnes, was also contracted.

Annual inflation declines to 9.7% in January
Low international oil prices prompt CBE to cut interest rates in January

Steel companies anxious about market fluctuations: Experts
Companies keep prices stable, waiting for economic improvements

Tuk-tuk prices increase in black market due to import suspension
Replacement of tuk-tuk by small 7-passenger vehicle following administrative court decision to suspend imports
35% expected savings in petroleum subsidies due to low oil prices: Petroleum minister
Consultations to take place with Iraq to receive Iraqi oil, negotiations will decide amount, timing, and price
Egyptâs inflation jumps to 9.8% in December
Prices of food and beverage products increased by 8.4%

Effect of oil prices to reflect on Q3 2014/2015: Osama Kamal
Brent crude oil decline to $50 per barrel

Decline of international oil prices to decrease Egyptâs subsidy bill by EGP 25bn: Dcode study
Negative implications of BOP would lead CBE to adopt more flexible stance toward EGP/USD rate
Presidential decree appoints board of trustees for ‘Long Live Egyptâ Fund
Other decrees raised military pensions by 15%, approved foreign loans to enhance electricity

Gold prices remain low: FEDCOC Gold Division Head
Official says gold prices were not notably affected by oil pricing crisis

Metro ticket price will not increase: Metro spokesperson
Cabinet sources attributed as saying metro tickets will increase from EGP 1 to between EGP 1.5 and EGP 3

Declining oil prices contribute to budget deficit decrease by $5.5bn: Qalaa Holding
Qalaa Holding expects to achieve earnings totalling $700m in 2017 due to declining oil prices

Brent price decrease drives down subsidies in FY 2014/2015 budget to approximately EGP 55bn
Fuel oil, which is supplied into markets, is currently not subsidised, says expert

Petroleum prices drive stock market down: Experts
Market gains EGP 5.9bn Monday after witnessing a huge loss the previous day

International oil price reduction to save cash for Egyptâs budget: Economy professor
Crude oil prices have slumped to lowest level in five years due to potential increased market supply

Continuing decline in Brent prices positively impacts Egyptian economy
âWe will not increase fuel imports because the financial resources are not available,â says EGPC chairman El Molla

Cement prices stable: Supply minister
No ministry obligation to stabilise prices, cement prices vary according to market changes, says Suez Cement chairman
Inflation sees biggest monthly surge since 2008
Increased demand on commodities and fuel prices behind the 3.3% month on month rise in inflation, CAPMAS says

Economists forecast inflation jump in July following fuel price hikes
CBE can control inflation rates through increasing interest rates orVice Chairman of Egyptian Association for Financing and Investment Studies

Egypt aims to boost wheat self-sufficiency
Wheat represented the largest single subsidy expenditure after fuel price support, which was unexpectedly cut at the start of July, increasing the prices of car fuel and natural gas by more than 70% and driving up food prices by 20% according to economists.

Unsustainable solutions to unsustainability
Subsidy reform was inevitable. Thatâs what President Abdel Fattah Al-Sisi and his supporters said this week when fuel prices were raised and taxes on some consumer goods were hiked. And they arenât wrong. The âsocial contractâ between the government and its people has clearly become unsustainable as deficits increased, especially over the past three years. …

Carrefour to fix basic food itemsâ prices until end of 2014: Executive Regional Director
The items in question include essential goods such as rice, oil, sugar and other commodities, Herve Majidier says

Al-Sisiâs economic orientation in his first month, and its influence
Measures to boost economy include reforming taxes and wages, adjusting prices and cutting fuel and electricity subsidies

Iron producers demand customs duties, protection fees on imported steel following energy price increases
The government had recently increased natural gas prices by $3 for the iron and steel industry, bringing the total price to $7 per million BTUs.

Rise in fuel prices will bring in EGP 24bn in additional revenue for EGPC: Chairman
The rise in price of such petroleum products as gasoline, diesel, and kerosene in the domestic market.

Surge in fuel prices threatens food commodities
Fuel prices to reflect on food commodities, says head of Citizens Against Price Rises Association