Price Hike

National Dialogue to discuss price hikes, public debt in Egypt next week

Thu, 31 Aug 2023 - 03:54 GMT

The National Dialogue will discuss next week top priority issues, including means to face price hike to alleviate its burden on citizens.

Egyptian gov’t working to ease economic crisis: Sisi at Military Academy

Sat, 19 Aug 2023 - 04:08 GMT

The Egyptian government is working on a set of measures in order to alleviate the repercussions of the economic crisis, President Abdel Fattah El-Sisi said on Saturday.

Egyptian government denies reports on hike in rice prices

Fri, 12 Jun 2020 - 02:09 GMT

The Cabinet media center denied reports purporting a planned increase in rice prices in the markets in the coming period due to supply shortage.

Egyptian economy improved over last year, price hike temporary: IMF mission

Thu, 01 Nov 2018 - 11:34 GMT

Subir Lall said that the Egyptian economic situation is not bad, as all countries are clearly suffering a rise and change in prices.

Pics: Following subsidy cuts, Sisi calls on Egyptians to bear challenges

Wed, 13 Jun 2018 - 11:40 GMT

President Abdel Fatah al-Sisi called on Egyptian people to unite against economic challenges that Egypt has witnessed.

Eastern Co revenues projected to rise LE 300M in FY17/18

Tue, 25 Jul 2017 - 09:03 GMT

Eastern Company’s revenues are expected to hike to LE 300 million in the fiscal year of 2017/18, as a result for the price hikes of some cigarettes’ brands.

Finance ministry raises internet prices 14% on VAT application

Mon, 24 Jul 2017 - 04:02 GMT

The Ministry of Finance applied the value-added tax (VAT) on the prices of internet ADSL services by 14 percent starting from July 2017.

No relation for cigarettes’ price hike to VAT: Tax Authority

Wed, 12 Jul 2017 - 01:14 GMT

Public Taxes Authority announced in a Wednesday statement that Eastern Company’s decision raising cigarettes’ price has no relation to any amendments in the Value Added Tax (VAT) law.

Egypt hikes 3 cigarette brands’ prices by up to 17.6%

Wed, 12 Jul 2017 - 09:54 GMT

Eastern Company raised the price of three cigarette brands by 4.2 – 17.6 percent (LE 0.50 – LE 2.25, $0.028 – $0.126) as of Wednesday, the company announced.

Egyptian Iron, Steel sales hit LE 1.1B in 11 months

Mon, 10 Jul 2017 - 11:31 GMT

Egyptian Iron and Steel (HADISOLB) achieved LE 1.1 billion ($62 million) sales in the eleven months ended May 2017.

Steel prices rise due to billet import shortage, VAT increase

Sun, 02 Jul 2017 - 08:33 GMT

Sale prices of steel rise due to lack of billet and one percent VAT increase.