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Uber raises tariff after fuel price hikes

The ride-hailing company, Uber, has decided to amend its tariff, following the hike in fuel prices at the end of June. According to the new prices, the basic fare was increased to EGP 6 for UberX and EGP 7 for Uber Select. The company also increased the tariff per km to EGP 1.85 for UberX …

Daily News Egypt

Car prices unchanged in July except Hyundai, Nissan, Chery

Car companies maintained their prices in July, except Hyundai, Nissan, and Chery. The increases of the three companies ranged between 1,500 and 11,000. For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Auto companies expect that the sector’s sales will fall as …

Ahmed Amer

Egypt inflation likely to rise 3-4.5% after fuel price hike: Kojak

Egypt’s inflation rate is expected to rise by between 3 and 4.5 percent following last week’s fuel price hike, Deputy Finance Minister Ahmed Kojak said on Monday. Global Search House expected prices to resume rally again after Egyptian government enacted a second round of economic reforms at the beginning of the fiscal year 2017/2018. Egypt …

Daily News Egypt

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 …

Ahmed Amer