{"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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Plus: Inflation accelerated again in May","author":"enterpriseam admin","date":"9 June 2022","format":false,"excerpt":"Good afternoon, wonderful people. Pat yourselves on the back for making it through this week, which is going out with a bang with a rather busy Thursday afternoon news flow.THE BIG STORIES TODAY #1- Annual urban inflation accelerated to 13.5% in May, as rising global commodity prices and the recent\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581383,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/this-morning-we-should-be-getting-januarys-inflation-figures-today-google-just-botched-the-launch-of-its-rival-to-chatgpt\/","url_meta":{"origin":551305,"position":2},"title":"THIS MORNING: We should be getting January\u2019s inflation figures today + Google just botched the launch of its rival to ChatGPT","author":"enterpriseam admin","date":"9 February 2023","format":false,"excerpt":"Good morning, ladies and gents: We have another big issue to close out the week following yesterday\u2019s presser from the PM on how the state plans to go about rebooting its privatization program. tl;dr:It\u2019s big: The government now plans to sell shares in 32 companies, 12 more than Madbouly had\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Google-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547128,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/more-inflation-coming-our-way\/","url_meta":{"origin":551305,"position":3},"title":"More inflation coming our way","author":"enterpriseam admin","date":"9 June 2022","format":false,"excerpt":"Could household electricity bills rise from 1 July? Households could see their electricity bills rise by as much as 21% from 1 July, according to the government\u2019s 2020 schedule (pdf) to phase out subsidies by 2025. According to the schedule, hikes in some unsubsidized consumption tiers will see other households\u2026","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\/2022\/6\/209.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552160,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/this-evening-auf-group-snaps-up-75-5-of-modern-international-confectionery-its-a-mixed-bag-out-in-the-international-press\/","url_meta":{"origin":551305,"position":4},"title":"THIS EVENING: Auf Group snaps up 75.5% of Modern International Confectionery + It\u2019s a mixed bag out in the international press","author":"enterpriseam admin","date":"16 August 2022","format":false,"excerpt":"Happy hump day, ladies and gentlemen. It\u2019s a mixed day on the news front today \u2014 not too busy here at home, but not quite what we would call a \u201cslow\u201d day.THE BIG STORY TODAY Auf Group grabs local snacks player: Egyptian healthy food company Auf Group acquired a 75.5%\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":579480,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/02\/this-evening-saudi-firms-could-pour-another-usd-3-bn-into-renewables-in-egypt-russia-rejoins-wheat-export-agreement\/","url_meta":{"origin":551305,"position":5},"title":"THIS EVENING: Saudi firms could pour another USD 3 bn into renewables in Egypt + Russia rejoins wheat export agreement","author":"enterpriseam admin","date":"2 November 2022","format":false,"excerpt":"Good afternoon, wonderful people, and happy almost-THURSDAY to us all. We have another brisk news day here at home as the lead-up to COP27 brings with it plenty of fresh energy and investment news.THE BIG STORY TODAY The Electricity Ministry is in talks with six Saudi firms over more than\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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}]}}