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Oil prices plunge as reports of increased production by OPEC, Russia emerge
Oil prices plunged on Friday to their lowest levels in weeks, on the back of reports that the Organisation of the Petroleum Exporting Countries (OPEC) and Russia are considering increasing production. Both West Texas Intermediate (WTI) and Brent crude fell by more than 3% to $67.50 and $76.44 respectively. Both Saudi Arabia and Russia are …
Slight changes in Ramadan goods prices compared to last year
Unlike every year, yamesh sections face moderate turnout due to price hikes
CBE maintains interest rates in the wake of rising oil prices
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to maintain interest rates at their current levels, according to a statement issued by the CBE on Thursday. On April, The MPC decided to cut interest rates by by 100 basis points (1%). For the second time in 2018, each of the overnight deposit …
Despite hikes, few improvements seen in metro stations
Increasing metro fare comes as part of plans for development of metro systems, says transportation minister
Mad football player prices in Egypt
High prices due to conflict of Al Ahly, Zamalek, liberalisation of exchange rate, entry of Gulf market, experts say
Property prices in New Cairo will not be affected by rainwater crisis: experts
Flooding crisis may lead to increased demand for real estate west of Cairo in Sheikh Zayed, Sixth of October, say experts
Airlines raise prices of Umrah tickets
Prices in last days of Ramadan may reach EGP 16,000-EGP 20,000, tourism workers say
Accommodation prices in Russia doubled 20 times, reaching EGP 41,000 per night
The Russian Federal Service for the Oversight of Consumer Protection and Welfare (Rospotrebnadzor) has issued a stern warning to the hotels of Volgograd, which will host the match between Egypt and Saudi Arabia at the end of Group A of the 2018 World Cup. According to the Russian news agency Tass, the Rospotrebnadzor confirmed that …
Best time to drink your cup of coffee as prices fall
Global coffee supplies set to see surplus as top grower looks to harvest record volumes
Urea prices to boost Abu Qir Fertilisers profitability in 2018: report
Company net profit dropped 8% y-o-y to EGP 781m in Q2 FY 2017/18
Changing energy prices will transform transport sector in Egypt: Kouchouk
We adjusted economic indicators with IMF, inflation will reach 21% by end-June, says Kouchouk
Burning accommodation prices in hotels adversely affect Egypt’s reputation abroad: Chairman tourism Committee at EBA
Hotels suffer from difficulty repaying bank debts for projects borrowed in foreign currency since the pound floatation and liberalization of foreign exchange rate
Car companies welcome 2018 with price halts
Most car companies started the New Year by keeping the prices of their models unchanged, thus ending some customer hopes of a price drop. Price lists show that market outlook will continue, after a sharp drop in sales in 2017, a 40% decline in sales compared to 2016. With the exception of minor adjustments to …
Wheat in focus as fierce competition, oversupply weigh on prices
World consumption and trade expected to decrease slightly in 2018
Government holds meetings to increase electricity prices
Electricity subsidies will reach EGP 43.3bn in 2018/2019 budget
Increase in raw material prices harms artists
Cost increase impacts quality of art products, says Ali Fawzy
Stronger pound to ease beef prices, increase in consumption, imports forecasted: FAS
Tourism recovery will lead to US beef exports to Egypt
Great boom expected in middle-class housing with increased prices
Cairo has a serious shortfall in the supply of middle-income housing, the leading real estate investment and advisory firm JLL (Global Commercial Real Estate Services) revealed in its new report. It also urged for significant efforts to be made to address the current imbalance, because shortage has long remained an important and consistent issue across …
Despite mostly recessive winter season, real estate prices continue to rise
Owing to a relative recession that takes over the property market throughout the season, real estate prices usually drop during the winter season. However, this winter has shown a completely different face for business and residential properties. This is not only because prices have not fallen yet, but they are expected to rise during the …
Imposing new steel, cement fees will not affect real estate prices
The new health insurance law, due to go into effect after parliament approved it last week, is set to see new fees imposed on certain commodities to finance the program. The Health Affairs Committee of Parliament approved on Tuesday the draft of comprehensive health insurance law, in which it authorised the article on additional sources …
Egyptians shift to poultry after unreasonable hike in meat, fish prices
Radical changes in the economic environment in Egypt that resulted from the flotation of the Egyptian Pound are reflected in the daily lives of Egyptian people. Because of a surge in the prices of commodities, most Egyptians think as if they perform calculus in ther mind while they are going to supermarkets to buy different …
Lower-quality smoking attracts consumers under price hikes
The increase is yet to be applied in shops and coffeeshops, with only a few spots applying it so far
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