{"id":551305,"date":"2022-06-08T13:29:10","date_gmt":"2022-06-08T13:29:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/this-evening-household-electricity-bills-will-be-up-as-much-as-20-8-by-1-july-turkey-russia-talks-on-unlocking-ukrainian-grain-shipments-end-today-on-inconclusive-note\/"},"modified":"2022-06-08T13:29:10","modified_gmt":"2022-06-08T13:29:10","slug":"this-evening-household-electricity-bills-will-be-up-as-much-as-20-8-by-1-july-turkey-russia-talks-on-unlocking-ukrainian-grain-shipments-end-today-on-inconclusive-note","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/this-evening-household-electricity-bills-will-be-up-as-much-as-20-8-by-1-july-turkey-russia-talks-on-unlocking-ukrainian-grain-shipments-end-today-on-inconclusive-note\/","title":{"rendered":"THIS EVENING: Household electricity bills will be up as much as 20.8% by 1 July + Turkey-Russia talks on unlocking Ukrainian grain shipments end today on inconclusive note"},"content":{"rendered":"<p><strong>It\u2019s really almost-THURSDAY now, friends<\/strong> \u2014 the weekend is so close, we can almost smell it. This afternoon\u2019s news flow hasn\u2019t quite taken shape yet, but we anticipate more stories to crop up over the course of the day.<\/p>\n<p><strong>THE BIG STORY TODAY-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Household electricity bills will be up as much as 20.8% by 1 July<\/strong><strong>: <\/strong>Residential electricity bills are rising at the start of the new fiscal year on 1 July as part of the Sisi administration\u2019s plan to phase out electrical subsidies by 2025, <a href=\"https:\/\/bit.ly\/3tmQtaI\">Youm7<\/a> reports, citing sources from the ministry.<\/p>\n<p><strong>^^We\u2019ll have more details<\/strong> on this and other stories in tomorrow\u2019s edition of <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>THE BIG STORY ABROAD-<\/strong><\/p>\n<p><strong>Once again, there isn\u2019t one story driving the conversation in the international press this<\/strong><strong> afternoon.<\/strong> Among the headlines and updates getting front-page treatment:<\/p>\n<ul>\n<li><strong>Turkey-Russia talks on unlocking Ukrainian grain shipments ended today on an inconclusive note<\/strong>, with Turkey saying more talks are needed with Moscow and Kyiv to ensure ships\u2019 safety. (<a href=\"https:\/\/www.reuters.com\/world\/after-russia-meeting-turkey-says-ukraine-grain-export-plan-reasonable-2022-06-08\/\">Reuters<\/a>)<\/li>\n<li><strong>Big Tech stocks are seeing a downturn that is reminiscent of the dot-com bubble\u2019s collapse in 2000<\/strong>, with the S&P 500\u2019s information-technology sector down 19% YTD. (<a href=\"https:\/\/www.wsj.com\/articles\/techs-decade-of-stock-market-dominance-ends-for-now-11654650890?mod=hp_lead_pos1\">WSJ<\/a>)<\/li>\n<li><strong>European markets are down on expectations that the European Central Bank will raise interest rates<\/strong> when it meets tomorrow. (<a href=\"https:\/\/www.ft.com\/content\/8bf5579f-f2bc-400e-bd31-efc57a2ed5cf\">FT<\/a>)<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>The World Bank has again <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4abffa24-ec5c-4140-b97d-5fc838bf32d9\">revised upwards<\/a><\/strong><strong> its projection for Egypt\u2019s GDP growth<\/strong> by 0.6 percentage points to 6.1% for FY 2021-2022.<\/li>\n<li><strong>EFG Hermes\u2019 energy investment platform Vortex Energy <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e38d5e96-ec7c-46c6-84d4-cf04f8d47e24\">has so far invested<\/a><\/strong><strong> EUR 222 mn of equity capital into Ignis Energia<\/strong>, with plans to eventually <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/65a8fe4f-1dec-49a2-b755-187b7dec50cc\">invest EUR 625 mn<\/a> in Ignis under an agreement signed with the Spanish solar developer in October.<\/li>\n<li><strong>Qatari companies have an appetite for Egyptian investments:<\/strong> A number of Qatari companies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86e5c98f-26ec-4505-a0c3-3f85a5264bc8\">have expressed interest<\/a> in investing in Egypt during meetings with GAFI head Mohamed Abdel Wahab, who is on a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87659fb9-3e37-4033-83a7-0a4bbd2bd3e4\">multi-day visit<\/a> to Doha to pitch Egypt as an attractive investment destination<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/digitransformationsummit.com\/egypt\/\">Digital Transformation Summit<\/a><\/strong><strong> gets underway tomorrow<\/strong>, bringing together public and private sector players in the tech industries to share and discuss views on the current landscape of the market, recent tech innovations, and proposed strategies.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>NEWS TRIGGERS you\u2019ll want to keep an eye on:<\/strong><\/p>\n<ul>\n<li><strong>Inflation figures for May<\/strong> are due out on Saturday, 9 June (from state statistics agency Capmas) and Sunday, 12 June (central bank figures);<\/li>\n<li><strong>The Central Bank of Egypt holds its policy meeting<\/strong> on Thursday, 23 June.<\/li>\n<\/ul>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- It\u2019s that time of year when the weather forecast makes us<\/strong><strong> want to cry (or plan a pool day): <\/strong>Get ready for the real Egyptian summer heat that\u2019s coming in full force this week. The mercury will reach 42\u00b0C during the day tomorrow before falling to 24\u00b0C at night, our favorite weather app tells us. Temperatures will reach 44\u00b0C on Saturday before cooling down again next workweek.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s really almost-THURSDAY now, friends \u2014 the weekend is so close, we can almost smell it. This afternoon\u2019s news flow hasn\u2019t quite taken shape yet, but we anticipate more stories to crop up over the course of the day. THE BIG STORY TODAY- Household electricity bills will be up as much as 20.8% by 1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[317,244,633,724,1095,218,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551305","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-commodities","tag-electricity","tag-enterprisepm","tag-monetary-policy","tag-russia-ukraine-war","tag-turkey","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"4ebdd2f7-14b1-4a67-801f-e6372d5a0142","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[551303],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: Household electricity bills will be up as much as 20.8% by 1 July + Turkey-Russia talks on unlocking Ukrainian grain shipments end today on inconclusive note - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/this-evening-household-electricity-bills-will-be-up-as-much-as-20-8-by-1-july-turkey-russia-talks-on-unlocking-ukrainian-grain-shipments-end-today-on-inconclusive-note\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Household electricity bills will be up as much as 20.8% by 1 July + Turkey-Russia talks on unlocking Ukrainian grain shipments end today on inconclusive note\" \/>\n<meta property=\"og:description\" content=\"It\u2019s really almost-THURSDAY now, friends \u2014 the weekend is so close, we can almost smell it. 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This afternoon\u2019s news flow hasn\u2019t quite taken shape yet, but we anticipate more stories to crop up over the course of the day. 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The Electricity Ministry will introduce a new maintenance fee to users\u2019 monthly bills as of July, unnamed officials tell Daily News Egypt. Proceeds will then be allocated to the support and development of the power sector, and particularly to improving energy efficiency in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632918,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/22\/electricity-ministry-postpones-subsidy-elimination-to-fy2020-2021-bills-still-going-up-in-july\/","url_meta":{"origin":551305,"position":3},"title":"Electricity Ministry postpones subsidy elimination to FY2020-2021, bills still going up in July","author":"enterpriseam admin","date":"22 February 2018","format":false,"excerpt":"Electricity Ministry postpones subsidy elimination to FY2020-2021, but bill will still go up in July: The Electricity Ministry is planning to delay the full elimination of subsidies on power bills to FY2020-2021 from FY2019-2020 as had been originally planned, Minister Mohamed Shaker announced yesterday, Al Shorouk reports. Electricity prices will\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603690,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/electricity-prices-frozen-until-january-2024\/","url_meta":{"origin":551305,"position":4},"title":"Electricity prices frozen until January 2024","author":"enterpriseam admin","date":"20 August 2023","format":false,"excerpt":"Household electricity prices had been set to go up on 1 July","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/20.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621033,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/30\/electricity-prices-to-rise-in-july\/","url_meta":{"origin":551305,"position":5},"title":"Electricity prices to rise in July","author":"enterpriseam admin","date":"30 May 2024","format":false,"excerpt":"On average, the hikes will exceed 20%, but studies and discussions are still underway to determine the new prices","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2505.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=551305"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551305\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/551303"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=551305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=551305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=551305"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=551305"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=551305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}