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Sunday, 4 February 2018

What We’re Tracking This Week

It’s PMI day tomorrow: Egypt’s Emirates NBD purchasing managers’ index reading for January will be announced on Monday, 5 February.

When, exactly, are railway ticket prices going to rise? There appears to be some confusion as to when Transport Minister Hisham Arafat intends to announce new railway ticket prices. News reports quote Arafat and other Egyptian National Railway (ENR) officials saying that the hike could happen any time between the next few days and the end of June this year as the exact date has not been set. What we do know is that prices are expected to rise between 25-30% depending on the type of train and class. Remaining steps include updating prices on the online booking system and announcing the new prices in all stations nationwide.

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