Latest in Tag: Prices Highlight

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Latest in Tag: Prices


Uber adjusts service prices after fuel price hike

Uber Smart Transport Company changed its pricing on Monday and announced the new pricing system. In a text message to its “drivers partners,” Uber said that the company’s work is to provide a safe, secure, and an appropriate means of transport for all, anytime and anywhere. “Uber works best when drivers and passengers benefit. Hence, …

Daily News Egypt

25-30% increase in real estate prices after fuel price hikes

Member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), Daker Abdellah, predicted that the real estate market will witness an increase of 25-30%  in prices, following the government’s decision to increase fuel prices. Abdellah noted that unrealistic price increases are expected and are not in line with the …

Shaimaa Al-Aees

Oil prices plunge as reports of increased production by OPEC, Russia emerge

Oil prices plunged on Friday to their lowest levels in weeks, on the back of reports that the Organisation of the Petroleum Exporting Countries (OPEC) and Russia are considering increasing production. Both West Texas Intermediate (WTI) and Brent crude fell by more than 3% to $67.50 and $76.44 respectively. Both Saudi Arabia and Russia are …

Mohamed Samir

CBE maintains interest rates in the wake of rising oil prices

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to maintain interest rates at their current levels,  according to a statement issued by the CBE on Thursday. On April, The MPC decided to cut interest rates by by 100 basis points (1%). For the second time in 2018, each of the overnight deposit …

Daily News Egypt

Car companies welcome 2018 with price halts

Most car companies started the New Year by keeping the prices of their models unchanged, thus ending some customer hopes of a price drop. Price lists show that market outlook will continue, after a sharp drop in sales in 2017, a 40% decline in sales compared to 2016. With the exception of minor adjustments to …

Ahmed Amer

Great boom expected in middle-class housing with increased prices

Cairo has a serious shortfall in the supply of middle-income housing, the leading real estate investment and advisory firm JLL (Global Commercial Real Estate Services) revealed in its new report. It also urged for significant efforts to be made to address the current imbalance, because shortage has long remained an important and consistent issue across …

Shaimaa Al-Aees

Imposing new steel, cement fees will not affect real estate prices

The new health insurance law, due to go into effect after parliament approved it last week, is set to see new fees imposed on certain commodities to finance the program. The Health Affairs Committee of Parliament approved on Tuesday the draft of comprehensive health insurance law, in which it authorised the article on additional sources …

Shaimaa Al-Aees

How Egyptians coped with soaring prices???

Egypt, a country with a population of 90m, where more than 28% of them live below the poverty line, has been struggling with economic challenges and political turmoil since the 25 January Revolution in 2011. In November 2016, the government started to implement the economic reform programme backed by the International Monetary Fund (IMF), which …

Daily News Egypt