PM stresses on Egypt’s commitment to boost exports, ensuring market accessibility

Thu, 18 Apr 2024 - 02:04 GMT

To further this objective, a recent meeting was held, bringing together leaders and representatives from export councils.

Conflict between Tehran, Tel Aviv 'not severely' impacting crude oil prices

Mon, 15 Apr 2024 - 05:17 GMT

However, the current conflict between Tehran and Tel Aviv poses one of the largest geopolitical risks to global oil markets since the start of the Russo-Ukrainian war and the war on Gaza.

Egypt's initiative to slash commodities prices by 30% post-Eid Al-Fitr

Tue, 26 Mar 2024 - 12:51 GMT

Furthermore, the decline in prices will continue to intensify in the coming days, ultimately reaching a substantial reduction of 30 percent after the conclusion of Eid Al-Fitr.

Egyptian government mandates manufacturers to print price on packages

Mon, 19 Feb 2024 - 03:17 GMT

The decree will go into effect on March 1.

Egypt raises fuel prices, keeps diesel unchanged

Fri, 03 Nov 2023 - 12:21 GMT

Minister of Petroleum, Tarek El Molla, issued the decision for the new pricing to be implemented from Friday morning.

Eastern Company raises prices of its products

Sun, 26 Mar 2023 - 02:16 GMT

Cigarette increments ranged from LE 1.5 to LE 3 per pack.

Egypt has plan to provide hard currency, aware of price increase crisis: PM

Wed, 07 Dec 2022 - 03:05 GMT

Madbouli elaborated that the government is aware that there is a rise in prices.

Consumer inflation hits highest record of 15% in 4 years: CAPMAS

Tue, 11 Oct 2022 - 12:57 GMT

The annual urban consumer inflation in Egypt is at its highest of 15 percent in four years, according to Monday data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Eastern Company announces raising prices of its cigarettes

Sun, 04 Sep 2022 - 05:24 GMT

the increase came much less than the expectations of traders in the market, according to the Head of the Tobacco Division at the Federation of Industries, Ibrahim Imbabi.

How Egyptian government lowered prices of barley rice to make it affordable

Mon, 29 Aug 2022 - 07:43 GMT

The Egyptian government issued a decree, per which farmers shall deliver barley rice during the current season and until mid-December, to make it available for the public on the ration cards.

McDonald's Big Mac: social discontent and economic index

Wed, 20 Jul 2022 - 08:09 GMT

The price of a Big Mac meal climbed from LE 59, to LE 88. The price of a medium Big Tasty meal was LE 92, and became LE 123.

Philip Morris Egypt raises prices of some types of cigarettes

Mon, 23 May 2022 - 03:53 GMT

According to the list, the prices of L&M of all kinds have been increased to LE 34.

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.