Egypt manufactures 92% of its needs, imports only 8%: Pharmaceutical Division

Tue, 12 Apr 2022 - 12:53 GMT

He pointed out that the prices of medicines were moved in 2016 at a rate of about 7,000 types of medicines, but during the current period there is an increase in prices for only about 10 medicines.

EU to provide Egypt with 100M euros in aid because of soaring food prices

Wed, 06 Apr 2022 - 03:35 GMT

European Union Ambassador to Egypt Christian Berger confirmed on Wednesday that the EU will provide Egypt with 100 million euros in aid because of soaring food prices.

Egypt allocates LE130B reserves in 2022/2023 to absorb rise in prices: PM

Thu, 24 Mar 2022 - 03:21 GMT

Madbouli added that President Sisi made it clear that the state was able, with good and proper planning, to supply sufficient reserves of goods, which enabled the Egyptian state to absorb and deal with this unprecedented crisis.

FEDCOC head says food commodity prices see decline in wholesale markets

Sun, 13 Mar 2022 - 05:37 GMT

Arabi lauded the swift measures taken by the government to control prices amid the current global fluctuations in goods' prices.

Egyptian billionaire Naguib Sawiris proposes 3 solutions to confront rise in oil, wheat prices

Mon, 07 Mar 2022 - 03:28 GMT

Sawiris said, in a tweet via his twitter account, Monday, that there are measures that must be implemented quickly to confront the rise in oil and wheat prices and its impact on the economy.

Int'l wheat prices jump 5%, records highest rate in 14 years

Tue, 01 Mar 2022 - 03:18 GMT

The UN official expressed concern about the bombing of urban centers across Ukraine, and the unconfirmed reports of casualties and damage to residential infrastructure.

Eastern Company announces raising prices of its cigarettes

Tue, 01 Mar 2022 - 01:50 GMT

The company also raised the price of the item Cleopatra Box (white - colors) to LE 20, Cleopatra Super to LE 21, Mondial to LE 21, Mondial Switch to LE 24, Cleopatra Black to LE 24, and Matossian Super to LE 24.

Egypt cuts prices of COVID-19 PCR, antigen rapid tests for citizens, foreigners

Wed, 02 Feb 2022 - 01:47 GMT

As per the decision, the PCR tests for Egyptians will be EGP 650 instead of EGP 900, while a PCR test for foreigners will cost EGP 750 instead of EGP 1,200.

Egypt raises gasoline prices by 25 piasters per liter, keeps diesel unchanged

Fri, 23 Jul 2021 - 08:48 GMT

Egypt's Fuel Automatic Pricing Committee decided to raise gasoline prices by 25 piasters per liter and to keep the prices of diesel and mazut unchanged until the end of September.

Eastern Tobacco announces raising prices of its cigarettes

Wed, 14 Jul 2021 - 02:38 GMT

The company stated in a statement that the price of Cleopatra Black will be increased to LE 24, Mondial (red - blue - silver) to LE 21, and Mondial Switch (Menthol / Blueberry) to LE 24.

Egypt starts applying new prices of electricity segments for 2021/2022, on July 1

Thu, 24 Jun 2021 - 04:09 GMT

Minister of Electricity and Renewable Energy Mohamed Shaker confirmed that the tranche prices will be applied for the new fiscal year, starting from Thursday, July 1, which was announced during the press conference announcing the state’s plan to raise subsidies until 2025 last July, stressing that the ministry is committed to implementing the state’s plan to raise subsidies gradually, to end in July 2025.

Govt denies rumors on increasing prices of basic commodities due to increase of gasoline prices

Tue, 27 Apr 2021 - 01:02 GMT

The Ministry of Supply said that the news is void of truth, the center said in a statement on Tuesday.

Egypt increases fuel prices

Fri, 23 Apr 2021 - 08:31 GMT

Egypt's Fuel Automatic Pricing Committee (FAPC) said the per-liter prices of 80-octane, 92-octane, and 95-octane gasoline will be sold at LE 6.50, LE 7.75, and LE 8.75, respectively.

Petroleum prices likely to be maintained in first quarter of 2021

Sun, 03 Jan 2021 - 11:17 GMT

The Automatic Pricing Committee for Petroleum Products will announce new prices for gasoline and diesel this week, sources at the Petroleum Ministry told Youm7 Saturday.

Egypt raises metro ticket prices to cover commute deficit

Tue, 18 Aug 2020 - 03:28 GMT

The annual expenses of the metro before the increase amount to L.E. 8 billion, while its income is estimated at L.E. 4 billion only.

Supply Ministry: Subsidized bread price unchanged

Tue, 18 Aug 2020 - 10:12 GMT

The Ministry will continue to cover the biggest part of the original bread price, which is 50 piasters for each loaf, it assured in a statement.

Egypt's gold prices up by LE 19 for 21-carat gold

Mon, 27 Jul 2020 - 02:07 GMT

The value of the gold Egyptian pound hit LE 6,920, he added.

Egypt keeps gasoline, diesel prices unchanged till September

Thu, 09 Jul 2020 - 09:38 GMT

Diesel fuel prices also remained untouched at LE 6.75 per litre.

Egypt increases electricity prices rates

Tue, 09 Jun 2020 - 03:10 GMT

Minister of Electricity announced Tuesday, during a press conference, that the price of electricity for the domestic sector will be raised by the beginning of July 2020 by 19.1 percent.

Initiative launched to stabilize local market prices

Tue, 31 Dec 2019 - 02:42 GMT

The Federation of Egyptian Chambers of Commerce on Tuesday announced an initiative for guaranteeing the stability of prices and availability of goods in the local market.