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State refuses suggestions to increase prices of all medications: Al-Sisi
Only 20% of medicines witnessed price hikes; effective cooperation between state’s apparatuses is necessary to siege terrorists in North Sinai, says Al-Sisi
In Cartoon: Long time ago …
Health Ministry increases prices of 3,000 drugs
The government did not bow to pressure from drug companies, and the interest of the patients was the foundation of negotiations, says minister
Agreement on new medicine prices to be completed within 10 days: Prime Minister
Negotiations with pharmaceutical companies to determine which medicines will be subject to the price increase, says cabinet spokesperson
20% increase in prices of motorcycles over 2 months
The customs exchange rate and foreign currency shortage has led to a decline in imports by 60%
Ministry of Electricity presents memorandum to cabinet to increase allocations after pound flotation
The ministry requires more than EGP 65bn in subsidies, and kilowatt production costs EGP 0.9-1.0 per hour
Cabinet limits increase in prices to medicines in production
MPs worried that companies will store large amounts of medical products to take advantage of price differences
US dollar prices at banks vary considerably on Wednesday, official price drops by EGP 0.06
The dollar value is expected to drop as companies finalise their budgets
Health Ministry, pharmaceutical companies agree to increase prices of 15% of local, 20% of imported medications
The increases will be 50% on medications priced less than EGP 50, 40% on the ones less than EGP 100, and 30% on the ones priced more than EGP 100 every six months
Electrolux Egypt raised prices by 20-25% after flotation
Local components in heaters increased from 70% to 90%
Pharmaceutical companies reject Health Minister’s price increase proposal
Local and foreign companies reject the minister’s proposal to increase the price of medications below EGP 30 by 50%, above EGP 50 by 25%, and above EGP 100 by 20%
Foreign pharmaceuticals reject proposed price hikes
Foreign pharmaceutical companies operating in the Egyptian market met in Dubai last week to discuss the proposals made by the Egyptian Minister of Health Ahmed Emad El-Din to tackle the pricing issue surrounding medication. Emad El-Din had suggested increasing the cost of medication sold in Egypt by 50% of the dollar price hike. He had …
Mobile phone prices register new hike in December
The increase ranges between 3% and 10%
Pharmaceutical companies reject Health Ministry’s proposal to increase medicine prices in stages
The companies demand that the pharmaceuticals pricing file be transferred to the prime minister, and prices be increased by 60%
Making ends meet as prices skyrocket
While price increases and inflation are inevitable for any country, in recent months Egypt has seen unprecedented price hikes which have severely impacted families’ cost of living. In the wake of the Egyptian pound flotation, subsidy cuts, and higher fuel prices, the average family’s monthly income does not stretch nearly as far as it used …
Flotation and increased fuel prices raise ceramic prices, increase market slump
Ceramic production companies have deemed it necessary to raise their prices in the coming period following the flotation of the Egyptian pound and its devaluation, besides the increased cost of production inputs, including gas, electricity, and fuel. During the eighth International Ceramic and Sanitaryware Exhibition (ICS), held between 9 and 12 November, surveyed ceramic manufacturers …
Pound’s flotation without imports will significantly increase car prices: El-Goukh
Ahmed El-Goukh, the showrooms manager at El-Ezz Motors, said that the decision to float the Egyptian pound without opening the door for imports and the shortage of foreign currency required for imports will significantly increase car prices in the Egyptian market. El-Goukh expected a substantial increase on all car prices, including used cars. Showrooms have …
Steel prices jump to register EGP 9,250 per local tonne after flotation of pound
It is expected that steel prices will decrease to EGP 5,200 per local tonne and EGP 5,800 per imported tonne once US dollar rate stabilises, says head of Real Estate Investment Division
Real estate developers await stability in prices of construction material following pound’s flotation
The CBE’s decision to float the Egyptian pound is viewed as a positive step for the real estate sector and is expected to promote market stability, say developers
Sugar: one more problem for Egyptians
Since the end of September, Egypt has been facing a remarkable shortage in sugar, pushing the commodity’s price upwards, while creating its very own informal market, and consequently, increasing the suffering of Egyptians. Egypt produced a total of 2.2m tonnes of sugar in 2015 and consumed 3.1m tonnes, creating a shortage of some 900,000 tonnes. …
6 more people detained for calling for protests on 11 November
Arrests are not likely to affect the other calls to protest, especially if these calls are wide-reaching, says lawyer
Stability of monetary policy, simplified government measures attract investment: Infinix
Infinix Corporation, specialised in manufacturing smartphones, is working to develop after-sales services in the Egyptian market and plans to increase the number of its major maintenance centres. Business development manager at Infinix, Ahmed Wagih, told Daily News Egypt in an interview that the economic conditions in Egypt and the scarcity of US dollars have impacted …
TE increases short numbers subscription’s price to EGP 68,800 annually
EGP 46,300 increase in prices compared to last year’s contracts
Samsung increases prices of its mobile devices by 9%-11.3% in October
Price of Note 7 increases to EGP 11,300
The imminent real estate bubble
New Cairo, coastal projects in danger; VAT increases residential units’ prices
Philip Morris Misr announces official list prices post-VAT
The support for the decision comes in the hope that the VAT law will end production shortfalls and price fluctuations
Mobile phone traders launch campaign to increase mobile, top-up card sales
Traders demand a 5% increase in top-up card prices, mobile phones by 10%
Mobile phone prices increase for 3rd consecutive month
Prices of Huawei and Tecno products are up by 11% and 4.5% respectively
No decision to increase metro ticket prices as of yet: Transportation Committee
After Eid holidays, meetings will be held with the Transportation Ministry and the Egyptian Co. for Metro Management & Operation to look into suggestions from both sides, say sources
