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Flotation and increased fuel prices raise ceramic prices, increase market slump

Ceramic production companies have deemed it necessary to raise their prices in the coming period following the flotation of the Egyptian pound and its devaluation, besides the increased cost of production inputs, including gas, electricity, and fuel. During the eighth International Ceramic and Sanitaryware Exhibition (ICS), held between 9 and 12 November, surveyed ceramic manufacturers …

Hisham Salah

Government considers 4 scenarios for future provision of electricity subsidies

The government is considering four scenarios for the future provision of electricity subsidies, on the back of liberating the Egyptian pound and the surge in fuel prices. Government sources said that the first scenario involves the complete amalgamation of subsidies starting from the fiscal year (FY) of 2018/2019, especially as citizens will not tolerate any …

Mohamed Farag

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