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Ridesharing applications’ cost, prevalence 

Sometimes using the underground to commute to your full-time job is not convenient, while waiting for the bus is difficult or unbearable, and because some companies know this, ridesharing applications had to come into the picture. A few years ago, the transportations sector welcomed ridesharing applications. What is not to like about them? They are …

Reem Hosam El-din

34% increase in fuel subsidies costs in H1 FY 2017/18: El-Molla

The costs of fuel subsidies grew by 34% in the first half (H1) of the fiscal year (FY) 2017/18, to reach EGP 51bn, increasing from EGP 38bn,  Minister of Petroleum Tarek El-Molla told Reuters on Wednesday.   El-Molla added that despite the witnessed increase in subsidies costs, the subsidies bill is still EGP 4bn below …

Mohamed Samir

High import cost opens the expansion file for oil crops cultivation

High oil import costs led to opening the cultivation of oil crops’ file. Abdul Moneim El-Banna, Egyptian Minister of Agriculture, said that the ministry will pay a great deal of attention to oily crops during the coming period to reach a production of 25% of oil needs in the local market. Agricultural experts and investors …

Daily News Egypt

Cost of telecommunications services increase during Q3 of 2016

The Ministry of Communications and Information Technology’s report disclosed that prices of telecommunication services increased slightly in the third quarter (Q3) of 2016 compared to the second quarter (Q2) of the same year, rising from $5.63 in Q2 to $5.64 in Q3. Mobile service prices also increased from $2.3 in Q2 to $2.4 in Q3, …

Mohamed Alaa El-Din

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