Price Hikes
Prime Minister Mostafa Madbouli stated that the Egyptian state needs to utilize this year and part of 2025 to overcome the current economic crisis and return to the economic levels of 2021.
Tunisian police on Monday fired tear gas and clashed with hundreds of people protesting against unemployment, high prices and new taxes in two towns.
Pharos Holding said that the significant rise in the absorption growth rate was due to more intensified economic pressures and/or anticipation of a severe economic reform measures.
The new price of water for residential use ranged between LE 0.45 and LE 2.15 per cubic meter, while sewage fees were hiked up to 73 percent of water price.
A number of 300,000 questions were sent this round from citizens from different governorates across the nation
Pharos Holding maintained the fair value (FV) for Juhayna Food Industries at LE 8.88, with an Overweight recommendation.
Eastern Company’s net profit rose 17.8 percent to LE 1.7 billion ($94.8 million) in the fiscal year of 2016/17 compared to LE 1.47 billion in the year-ago period.
Operational costs rose on calls and internet services after the last fuel hike as mobile operators incur expenses of LE 120-130 million annually on petroleum.
The Minister for Communication and Information Technology confirmed on Sunday that there has been no official increase of prepaid cell phone credit tariffs and individual traders are responsible for setting their own prices.
