Latest in Highlight
“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
Prices to increase due to production price increases affected by low energy subsidies, says Federation of Egyptian Chambers of Commerce
May’s annual inflation rate at its lowest since November 2013, says CAPMAS
Carrefour’s Executive Regional Director says new Carrefour branch to open in Hurgada within coming weeks
Revenue consistency prompts rise of foreign reserves for fourth consecutive month and the government’s negotiations with merchants lead to prices control, experts say
Presidential candidate asserts he will not depend on fixing prices as a means of control
Government says the new decision took into account needs of low-income citizens
Discounts are meant to counterbalance increasing inflation rates, cabinet says
US oil fell, pressured by weak manufacturing data attributed to the cold winter weather. That data overshadowed steady consumer sentiment.
The fast growth has raised concern about a potential repeat of the property market bubble that sent prices plunging by more than 50% after the 2008 financial crisis.
Minister of Finance had earlier announced new selling prices
Brent North crude for February firmed two cents to stand at $106.77 in London around midday in London.
Inflation rates slow down for the first time since May 2013