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We cannot wait another 12 years to increase metro ticket prices: Arafat
Ministry made decision due to metro’s considerable losses, as system’s accumulated loans EGP 618.6m
Auto prices move slightly in October after Automech Formula
More horses, fewer change: bold moves
Referral of highway transportation companies to public prosecution for their agreement to raise prices: Competition Protection Authority
The Board of Directors of the Competition Protection and Prohibition of Monopolistic Practices Authority decided to refer some of the highway transportation companies in Damietta to the public prosecution after proving that they made three violations to the competition protection law through agreeing to increase the prices of the products. The Competition Protection and Prohibition …
Giza zoo to increase ticket prices
Prices raise helps ministry increase services provided to visitors, says Mehrez
Hiking newspaper prices sparks controversy among journalists
‘Floating pound multiplies printing expenses by three times,’ says Abdel Mohsen Salama
Saving money no longer option for Egyptians under price hikes
Egyptians, especially members of the middle class, have been gradually changing their lifestyles over the past years, not only by cutting their expenses, but also by giving up many things that were once essential to their daily routines. Members of the middle and upper middle classes had been enjoying many things seen by lower classes …
Uber adjusts service prices after fuel price hike
Uber Smart Transport Company changed its pricing on Monday and announced the new pricing system. In a text message to its “drivers partners,” Uber said that the company’s work is to provide a safe, secure, and an appropriate means of transport for all, anytime and anywhere. “Uber works best when drivers and passengers benefit. Hence, …
Health committee reject any new increases in medicine prices
Some pharmaceutical companies have submitted demands to the Ministry of Health to increase the prices of some medicine. In the past months, the Ministry of Health has agreed to increase prices of 24 products, after conducting an economic study of each one.
25-30% increase in real estate prices after fuel price hikes
Member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), Daker Abdellah, predicted that the real estate market will witness an increase of 25-30% in prices, following the government’s decision to increase fuel prices. Abdellah noted that unrealistic price increases are expected and are not in line with the …
Jordan’s king freezes fuel price hikes for one month following mass protests
Thousands of Jordanians demonstrated against price increases, calling for ‘toppling of government’
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 …