Latest in Highlight
Replacement of tuk-tuk by small 7-passenger vehicle following administrative court decision to suspend imports
Consultations to take place with Iraq to receive Iraqi oil, negotiations will decide amount, timing, and price
Prices of food and beverage products increased by 8.4%
Brent crude oil decline to $50 per barrel
Negative implications of BOP would lead CBE to adopt more flexible stance toward EGP/USD rate
Other decrees raised military pensions by 15%, approved foreign loans to enhance electricity
Official says gold prices were not notably affected by oil pricing crisis
Cabinet sources attributed as saying metro tickets will increase from EGP 1 to between EGP 1.5 and EGP 3
Qalaa Holding expects to achieve earnings totalling $700m in 2017 due to declining oil prices
Fuel oil, which is supplied into markets, is currently not subsidised, says expert
Market gains EGP 5.9bn Monday after witnessing a huge loss the previous day
Crude oil prices have slumped to lowest level in five years due to potential increased market supply
“We will not increase fuel imports because the financial resources are not available,” says EGPC chairman El Molla
No ministry obligation to stabilise prices, cement prices vary according to market changes, says Suez Cement chairman
Increased demand on commodities and fuel prices behind the 3.3% month on month rise in inflation, CAPMAS says
CBE can control inflation rates through increasing interest rates orVice Chairman of Egyptian Association for Financing and Investment Studies
Wheat represented the largest single subsidy expenditure after fuel price support, which was unexpectedly cut at the start of July, increasing the prices of car fuel and natural gas by more than 70% and driving up food prices by 20% according to economists.
Subsidy reform was inevitable. That’s what President Abdel Fattah Al-Sisi and his supporters said this week when fuel prices were raised and taxes on some consumer goods were hiked. And they aren’t wrong. The “social contract” between the government and its people has clearly become unsustainable as deficits increased, especially over the past three years. …
The items in question include essential goods such as rice, oil, sugar and other commodities, Herve Majidier says
Measures to boost economy include reforming taxes and wages, adjusting prices and cutting fuel and electricity subsidies
The government had recently increased natural gas prices by $3 for the iron and steel industry, bringing the total price to $7 per million BTUs.
The rise in price of such petroleum products as gasoline, diesel, and kerosene in the domestic market.
Fuel prices to reflect on food commodities, says head of Citizens Against Price Rises Association
Egypt’s official statistics agency reported that public transportation fares would increase up to 7%
Food commodity prices offered at 30% discount, ministry says
Petroleum price increase to be announced unexpectedly to avoid black market fuel distribution, says EGPC official
Exhibition for food at reduced prices to start Wednesday at the Cairo International Fair Grounds in Nasr City, the ministry says
Real estate experts expect price jumps in properties, as government price rises for petroleum push up the cost of building materials
An official source at a cement company who preferred to remain anonymous said that he was “surprised” at the government’s desire to raise gas prices for factories at a time when a gas shortage impacts their productive capacity.
Government reduced allocations for petroleum subsidies to approximately EGP 104bn from EGP 134bn in 2013/2014, raising fuel prices in the local market, according to the proposed 2014/2015 budget