The growth came thanks to an increase in budget revenues by 15.6% during the first quarter of the current fiscal year, to reach 258.9 billion pounds, despite the increase in banks by about 19.2% compared to the same period in the last fiscal year.
The SCA Chief also stated that the increase is inevitable and a necessity in light of the current global inflation rates that reached more than 8% which translates into increased operational costs and the costs of the navigational services provided in the Canal.
The increase would be applied next April rather than July, at an additional cost of LE 8 billion.
The infected number included 80 Egyptian citizens, said the egyptian Minister of Information in a press conference on Monday.
Commuter who will ride the metro for nine stations or less should buy a ticket for LE5, while the ticket price will be increased to LE7 if the number of the station increased from nine to 16 stops.
pension beneficiaries will get their money via ATMs although Sunday is a national holiday, marking the fifth anniversary of the June 30 Revolution.
Minister of Electricity Mohamed Shaker announced Tuesday in a press conference new hikes in electricity prices.
The number of tourists visiting Egypt in July 2017 reached 781,200, compared to 529,200 in July 2016, according to the Central Agency for Public Mobilization and Statistics report.
The Cairo Metro Company’s revenues has gone up from a monthly average of 50 million EGP ($2.7 million) to 107 million EGP ($5.9 million) .