{"id":579043,"date":"2023-01-23T03:58:51","date_gmt":"2023-01-23T03:58:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/23\/no-hikes-to-train-fares-what-can-rubs-buy-us\/"},"modified":"2023-01-23T03:58:51","modified_gmt":"2023-01-23T03:58:51","slug":"no-hikes-to-train-fares-what-can-rubs-buy-us","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/23\/no-hikes-to-train-fares-what-can-rubs-buy-us\/","title":{"rendered":"No hikes to train fares + What can RUBs buy us?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>No hikes to train fares for the foreseeable: <\/strong>A Transport Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/66040531-7955-474b-994d-390d68c32650\">plan to hike the price<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/66040531-7955-474b-994d-390d68c32650\">of train tickets<\/a> gradually over a four-year period has been put on hold by President Abdel Fattah El Sisi, Transport Minister Kamel El Wazir told Ala Mas\u2019ouleety\u2019s Ahmed Moussa in an interview. (<a href=\"https:\/\/www.youtube.com\/watch?v=N-h2vDxm3X0\">watch, runtime: 3:59<\/a>.) El Wazir had proposed hikes to fares to help bridge an EGP 4 bn annual gap in the ministry\u2019s budget but El Sisi called for the ministry to maximize its own efficiency instead of further burdening citizens, he said.<\/p>\n<p><strong>We\u2019ll break even on the high-speed rail in 2044: <\/strong>El Wazir stated that the proceeds from the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f82ed4ef-a46a-49b3-adc5-793ff47ec668\">high-speed train<\/a> tickets and advertising revenue will allow the government to break even on its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4fbed47f-67d7-4a25-ac45-4dc2dccce283\">USD 23 bn<\/a> high-speed planned high-speed rail network by 2044 (<a href=\"https:\/\/www.youtube.com\/watch?v=FTlbqgU2CX8\">watch, runtime: 4:15<\/a>.)<\/p>\n<p><strong>Another Talgo train enters trial operations: <\/strong>The second of our <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/02\/egypts-nra-signs-eur-157-mn-contract-with-spains-talgo-to-purchase-six-trains\/\">six new Talgo passenger trains<\/a> will start running on the Cairo-Luxor line this Friday, El Wazir also said (<a href=\"https:\/\/www.youtube.com\/watch?v=rrvu9_3DwDk\">watch, runtime: 3:51<\/a>.) The first of the six trains began trial operations on the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7e6192d7-c259-4a6b-a418-68cbee1cb485\">Cairo-Alexandria line<\/a> last year.<\/p>\n<p><strong>Wheat for RUB?<\/strong> The Bank of Russia\u2019s decision to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef757b31-8042-413d-b3df-4fa9b8756ce7\">approve the EGP as a trade currency<\/a> last week got more airtime, after Russian Deputy Prime Minister Victoria Abramchenko was quoted by <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2799537\">Al Masry Al Youm<\/a> as telling Russian media that Moscow is considering allowing Egypt to pay for wheat imports in RUBs.<\/p>\n<p><strong>What else could we pay for in RUB?<\/strong> The government will have to reach agreements with Moscow as to which products and services imports could be paid for in RUB, former deputy managing director of Blom Bank, Tarek Metwally, told Kelma Akheera\u2019s Lamees El Hadidi The move could also be a boost to tourism, allowing Russians to visit who otherwise wouldn't have come due to a lack of USDs caused by Western sanctions, he added. (<a href=\"https:\/\/www.youtube.com\/watch?v=qbWXhKloAVU\">watch, runtime: 3:30<\/a>.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No hikes to train fares for the foreseeable: A Transport Ministry plan to hike the priceof train tickets gradually over a four-year period has been put on hold by President Abdel Fattah El Sisi, Transport Minister Kamel El Wazir told Ala Mas\u2019ouleety\u2019s Ahmed Moussa in an interview. (watch, runtime: 3:59.) El Wazir had proposed hikes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":579044,"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":[7232],"tags":[1419,6539,72,1088,106,9110,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-egp","tag-egypt-russia-relations","tag-enterpriseam","tag-high-speed-rail","tag-last-nights-talk-shows","tag-rub","tag-transport","wpautop","entry"],"acf":{"mongo_id":"75d10d23-8395-4b40-90d5-de5aeb09f9f0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/390.jpg","photo_position":"above","related_issue":[579028],"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>No hikes to train fares + What can RUBs buy us? - 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\/2023\/01\/23\/no-hikes-to-train-fares-what-can-rubs-buy-us\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No hikes to train fares + What can RUBs buy us?\" \/>\n<meta property=\"og:description\" content=\"No hikes to train fares for the foreseeable: A Transport Ministry plan to hike the priceof train tickets gradually over a four-year period has been put on hold by President Abdel Fattah El Sisi, Transport Minister Kamel El Wazir told Ala Mas\u2019ouleety\u2019s Ahmed Moussa in an interview. (watch, runtime: 3:59.) 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The announcement by Prime Minister Moustafa Madbouly on Sunday that Egypt\u2019s export revenues reached a record high of USD 31 bn in 2021 earned attention from most of the talking heads last night. El Hekaya (watch,\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548281,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/02\/train-metro-fare-hikes-coming-this-month-military-to-build-huge-polyethylene-facility\/","url_meta":{"origin":579043,"position":2},"title":"Train, metro fare hikes coming this month + military to build huge polyethylene facility","author":"enterpriseam admin","date":"2 August 2022","format":false,"excerpt":"Metro and train fare hikes will likely be implemented later this month, in tandem with the government\u2019s measures to expand social security, Transport Minister Kamel El Wazir told Sada El Balad last night (watch, runtime: 1:06:06). Prices will not rise by more than 25%, the minister said, adding that the\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548679,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/last-nights-talk-shows-transport-updates-aplenty-mostafa-bakry-doesnt-like-naguib\/","url_meta":{"origin":579043,"position":3},"title":"Last Night\u2019s Talk Shows: Transport updates aplenty + Mostafa Bakry doesn\u2019t like Naguib","author":"enterpriseam admin","date":"17 August 2022","format":false,"excerpt":"Things we learned on the airwaves last night: The country\u2019s new local development minister, Hisham Amna, was not seriously hurt in his car crash yesterday; Rep. Mostafa Bakry really doesn\u2019t like Naguib Sawiris (shocker); and\u2026Transport Minister Kamel El Wazir hit us with a barrage of updates on various transport projects\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592906,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/last-nights-talk-shows-for-tuesday-12-november-2019\/","url_meta":{"origin":579043,"position":4},"title":"Last night\u2019s talk shows for Tuesday, 12 November 2019","author":"enterpriseam admin","date":"12 November 2019","format":false,"excerpt":"A handful of topics got the nation\u2019s talking heads chattering last night. Among the highlights were the Finance Ministry\u2019s new fiscal targets for FY2020-2021, and a late-night, one-hour talk with Naguib Sawiris. Lamees spends an hour with Naguib: Al Kahera Alaan\u2019s Lamees El Hadidi sat down with for an hour-long\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563198,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/22\/train-crash-14067-of-2021-dominates-the-talk-shows-on-22-june-2021\/","url_meta":{"origin":579043,"position":5},"title":"Train crash #14,067 of 2021 dominates the talk shows on 22 June 2021","author":"enterpriseam admin","date":"22 June 2021","format":false,"excerpt":"Last night\u2019s train crash in Helwan led the talk shows: At least two people were killed and six others injured after a freight train collided with two microbuses overnight in Helwan, the Health Ministry said in a statement. One of the microbuses appears to have parked \u201ctoo close\u201d to the\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"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\/579043","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=579043"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579043\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/579028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/579044"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=579043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=579043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=579043"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=579043"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=579043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}