{"id":642046,"date":"2017-08-06T03:53:21","date_gmt":"2017-08-06T03:53:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/what-were-tracking-on-06-august-2017\/"},"modified":"2017-08-06T03:53:21","modified_gmt":"2017-08-06T03:53:21","slug":"what-were-tracking-on-06-august-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/what-were-tracking-on-06-august-2017\/","title":{"rendered":"What we\u2019re tracking on 06 August 2017"},"content":{"rendered":"

<\/a> Expect grumbling in the streets this morning after Cairo public bus fares rose 50%:<\/strong> The Transport Authority raised the price of public bus tickets by EGP 0.50 on Friday, according to Al Mal<\/a>. The decision comes following cuts in fuel subsidies last month, but drivers are claiming that the move came without warning. Bus tickets will now cost EGP 1.50 for shorter distances (up from EGP 1.00) and EGP 2.50 for longer rides. The new fares went into effect on Friday. The story is making headlines in the international press thanks to a pickup from the Associated Press<\/a>.<\/p>\n

What better way to start a new week than to note that it\u2019s officially 2017-18 for state<\/strong>coffers <\/strong>\u2014 and soon, too, for schools. The state budget for this fiscal year came into effect yesterday after President Abdel Fattah El Sisi signed off on it (more in Speed Round, below). On the school front, the first students head back a week from Wednesday, though most institutions \u2014 public and private alike \u2014 won\u2019t go back until after the upcoming Eid Al Adha holiday at month\u2019s end.<\/p>\n

The executive regulations of the Investment Act should be in final form by today<\/strong>and will make their way back to the Cabinet economic group in time for its Wednesday meeting, Investment Minister Saharhad said last week<\/a>. She had also said that the regs should be out early this month. The Ismail government\u2019s investment map should go to the House Economics Committee this week, according to committee chair Amr Ghallab.<\/p>\n

The Electricity Ministry will be signing an agreement today with the European <\/strong>Bank for Reconstruction and Development<\/strong>, according to an announcement by the Investment Ministry. No word on what the agreement covers.<\/p>\n

The National Weather Office is warning about hot weather to start the week in the capital<\/strong>city<\/strong>, with highs of 36\u00b0C<\/a>. (Does that really qualify as hot in August? It was hotter yesterday in Belgrade than Cairo on the back of this \u201cLucifer\u201d heatwave<\/a>). Both of our favourite weather apps agree it will be sub-40\u00b0C temps all week, but watch out for humidity today, particularly in the morning.<\/p>\n

The New York Times Magazine<\/a> has a moving (and gripping) profile of the oldsters who<\/strong>have been guiding the Voyager probes across our universe for some 40 years now<\/strong>. The continued evolution of humanity\u2019s understanding of space hinges on how long these folks are willing to continue working past retirement age \u2014 and some of them have been on duty since 1972.<\/p>\n

Finally: Our favourite viral video in ages is a hoax, according to IB Times<\/a>. The website quotes a Singapore Airlines spokesman as saying a 1,000 ft AirDrop of photos made between jetliners at 35,000 ft never happened<\/strong>. AppleInsider appears to have broken the story<\/a> of the video, which has since been taken down from Youtube, but which is still available on the IB Times site.<\/p>\n","protected":false},"excerpt":{"rendered":"

Expect grumbling in the streets this morning after Cairo public bus fares rose 50%: The Transport Authority raised the price of public bus tickets by EGP 0.50 on Friday, according to Al Mal. The decision comes following cuts in fuel subsidies last month, but drivers are claiming that the move came without warning. Bus tickets […]<\/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":[7204],"tags":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642046","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"3ef06db7-02d2-45ad-91db-f95de24a4b92","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642044],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 06 August 2017 - 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\/2017\/08\/06\/what-were-tracking-on-06-august-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking on 06 August 2017\" \/>\n<meta property=\"og:description\" content=\"Expect grumbling in the streets this morning after Cairo public bus fares rose 50%: The Transport Authority raised the price of public bus tickets by EGP 0.50 on Friday, according to Al Mal. 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Apparently emboldened by the decision to raise metro ticket prices, the cash-strapped, debt-laden Public Transport Authority is reportedly studying raising bus fares 15-20% to cover its widening budget shortfall, Al Mal reports. The final decision is Cabinet\u2019s to make. In a clear attempt\u2026","rel":"","context":"In "Speed Round"","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":617521,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/24\/egypt-hikes-car-fuel-prices-by-by-8-21\/","url_meta":{"origin":642046,"position":1},"title":"Egypt hikes car fuel prices by by 8-21%","author":"enterpriseam admin","date":"24 March 2024","format":false,"excerpt":"Diesel car drivers saw the biggest increase, with a 21.2% hike to EGP 10 per liter","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2051.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596721,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/government-raises-fuel-prices-phasing-out-remaining-fuel-subsidies\/","url_meta":{"origin":642046,"position":2},"title":"Government raises fuel prices, phasing out remaining fuel subsidies","author":"enterpriseam admin","date":"7 July 2019","format":false,"excerpt":"Government raises fuel prices, phasing out remaining fuel subsidies: The government raised fuel prices by between 16% and 30% over the weekend as it introduced the latest round of fuel subsidy cuts, the Oil Ministry announced in a statement. The price of 95 and 92-octane rose by 16% and 18.5%,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/757.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650480,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/metro-ticket-fares-hiked-by-100-to-egp-2-effective-friday\/","url_meta":{"origin":642046,"position":3},"title":"Metro ticket fares hiked by 100% to EGP 2 effective Friday","author":"enterpriseam admin","date":"26 March 2017","format":false,"excerpt":"Metro tickets doubled in price to EGP 2 on Friday. Transport Minister Hisham Arafat made the announcement on Thursday. Fares for the elderly and people with disabilities were unchanged, but students will pay 50% more and government employees will see their fares rise 100%. Cairo Metro Authority loses EGP 200\u2026","rel":"","context":"In "Speed Round"","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":579043,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/23\/no-hikes-to-train-fares-what-can-rubs-buy-us\/","url_meta":{"origin":642046,"position":4},"title":"No hikes to train fares + What can RUBs buy us?","author":"enterpriseam admin","date":"23 January 2023","format":false,"excerpt":"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.)\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","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\/2023\/1\/390.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629248,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egp-ytd-in-2018\/","url_meta":{"origin":642046,"position":5},"title":"EGP YTD in 2018","author":"enterpriseam admin","date":"27 May 2018","format":false,"excerpt":"So how\u2019s the EGP faring? 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