inflation
CTA increases ticket prices for public buses
Egypt
August 4, 2017
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
August 3, 2017
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
August 2, 2017
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
August 1, 2017
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
July 19, 2017
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
July 17, 2017
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
July 14, 2017
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
July 13, 2017
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
July 10, 2017
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
July 6, 2017
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…