No decision adopted to raise electricity prices: Cabinet spox

Sun, 02 Jun 2024 - 11:06 GMT

Speaking to Sada El Balad satellite TV channel on Sunday evening, Homsani said Prime Minister Mostafa Madbouli and the minister of electricity reviewed today the efforts afoot to improve national power grids and scale up their efficiency.

Congruence among participants in National Dialogue's inflation session on lowering production costs

Wed, 06 Sep 2023 - 01:00 GMT

Participants in the National Dialogue's session on inflation and price hikes demanded Tuesday the detection of price manipulation and monopolistic practices.

Egypt raises diesel price by LE 1, keeps gasoline unchanged

Thu, 04 May 2023 - 10:09 GMT

This came during the meeting of the Egyptian Fuel Automatic Pricing Committee (FAPC) on Wednesday.

Egyptian PM gives retailers 2-week ultimatum to put price tags on products

Wed, 14 Dec 2022 - 03:56 GMT

The prime minister stipulated that the government would not allow price exaggerations, and attempts to exploit the situation.

Penalty of price manipulation, monopolistic practices can reach up to LE2M: Egypt's Consumer Protection Agency

Sun, 30 Oct 2022 - 11:16 GMT

Hossam El Din's statements are made amid an expected rise in prices due to the devaluation of the Egyptian pound on Thursday.

'Current timing mandates reaching fair price for steel, cement': Egypt's PM

Thu, 14 Apr 2022 - 10:49 GMT

Prime Minister Mostafa Madbouli met Wednesday with large cement and steel manufacturers at the Cabinet's headquarters to discuss the hike in prices.

Egypt issues decision setting selling price of unsubsidized bread

Mon, 21 Mar 2022 - 01:32 GMT

The decision stipulated that the sale of the bread would be 50 piasters for a 45-gram loaf, 75 piasters for a 65-gram loaf, and at LE 1 for a 90-gram, and LE 11.5 for a kilo of packaged bread.

Egypt dismisses fake FEDCOC report on commodities' prices

Fri, 11 Jun 2021 - 10:44 GMT

The statement asserted that most of the commodities, especially food commodities, will remain stable.

Police detect 286 violations of protective rules, break 571 market manipulation cases

Sun, 29 Mar 2020 - 04:10 GMT

Those were committed in less than one week.

Electricity Ministry to consider low prices for New Valley households

Mon, 27 May 2019 - 08:57 GMT

A request to make an exception was made by the Energy and Environment Committee at the House of Representatives.

Sisi’s income decisions in the face of inflation worth LE60B

Sun, 31 Mar 2019 - 07:50 GMT

President Abdel Fatah al-Sisi announced a number of decisions aimed at alleviating the impact of inflation on millions of citizens.

Tesla to raise vehicle prices, keep more stores open

Mon, 11 Mar 2019 - 10:13 GMT

Tesla said the worldwide price hikes will apply to the more expensive variants of Model 3, Model S and Model X, and there will be no price increase to the $35,000 Model 3.

Oil prices jump as Gulf of Mexico rigs evacuated

Tue, 04 Sep 2018 - 11:36 GMT

Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane.

Gold price in Egypt hits its lowest level in a year

Wed, 18 Jul 2018 - 02:29 GMT

The gold prices dropped about three pounds registering LE 614, 526.30 and 701.70 for one gram of 21, 18 and 24 carat gold respectively.

On the Pulse

Wed, 16 May 2018 - 10:00 GMT

Skyrocketing prices have led to practitioners buying cheaper devices and spare parts or manipulating the pulse width and duration.

Oil stocks buoy European shares as US pulls out of Iran deal

Wed, 09 May 2018 - 11:25 GMT

European shares were supported on Wednesday by strength in oil stocks after U.S. President Donald Trump pulled the U.S. out of Iran’s nuclear agreement.

Oil hits 3-1/2-year high after U.S. quits Iran deal

Wed, 09 May 2018 - 11:20 GMT

Oil prices rose more than 3 percent on Wednesday, hitting 3-1/2-year highs, after U.S. President abandoned a nuclear deal with Iran and announced sanctions.

No increase in sugar prices at gov’t outlets: Supply Min.

Wed, 31 Jan 2018 - 01:36 GMT

The Supply Ministry denied any increase in the price of sugar after Egypt’s decision to raise the price of sugarcane purchased from local farmers.

Bread protests hit Sudan as prices rise

Sat, 06 Jan 2018 - 10:50 GMT

Amid a decline in the Sudanese economy, bread prices have doubled due to a government ban on the private sector importing wheat.

Supply Min., producers cooperate to implement ‘price tag’ decree

Thu, 04 Jan 2018 - 01:35 GMT

The decree orders food manufactures to put price tags on their products in “clear and non-erasable Arabic”.