inflation

CTA increases ticket prices for public buses
Egypt

CTA increases ticket prices for public buses

The Cairo Transport Authority (CTA) began on Friday to apply a 50-piaster increase on the value of tickets for all…
Egypt increases cost of water by up to 50%
Egypt

Egypt increases cost of water by up to 50%

Egypt’s Prime Minister Sherif Ismail signed off on Wednesday to raise drinking water and sewage fees starting August by as…
Egypt Reserves Reach Record High of Over $36 Billion
Economy

Egypt Reserves Reach Record High of Over $36 Billion

Egypt’s foreign reserves reached $36.036 billion in July, a record high, which the prime minister described as “good news” as…
Private sector still faces “risks” after EGP devaluation: Financial Times
Business

Private sector still faces “risks” after EGP devaluation: Financial Times

Factories and entrepreneurs in Egypt are still facing tremendous “risks” after the flotation of the Egyptian pound in November 2016, the…
Uber fares in Egypt increase following fuel price hike
Technology

Uber fares in Egypt increase following fuel price hike

The San Francisco-based ride-hailing company Uber increased their base fare prices in Egypt to start at LE6, with the aim of…
Ride-hailing app Careem raises base fare to LE5.5
Technology

Ride-hailing app Careem raises base fare to LE5.5

Following the fuel subsidy cuts, ride-hailing service app Careem has increased their base fares on to start at LE5.5 —…
Telecom companies consider increase in service prices
Economy

Telecom companies consider increase in service prices

Telecommunications companies in Egypt are considering an increase in the prices of services provided to subscribers. The companies attributed the…
Eastern Tobacco Co. increases prices of cigarettes
Egypt

Eastern Tobacco Co. increases prices of cigarettes

Eastern Tobacco Company increased the prices of 3 categories of cigarettes from an added 50 piasters up to LE2.25, as…
Inflation rate rose to 29.8 percent in June: CAPMAS
Business

Inflation rate rose to 29.8 percent in June: CAPMAS

The annual urban inflation rose to 29.8 percent in June from 29.7 percent in May, the Central Agency for Public…
Egypt raises electricity prices and prolongs subsidies for added three years
Egypt

Egypt raises electricity prices and prolongs subsidies for added three years

Egypt will hike household electricity prices by up to 40 percent this fiscal year, but will keep energy subsidies in…
Back to top button