{"id":647876,"date":"2017-05-22T03:20:30","date_gmt":"2017-05-22T03:20:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/"},"modified":"2017-05-22T03:20:30","modified_gmt":"2017-05-22T03:20:30","slug":"demand-for-glasses-drops-40-as-prices-double-y-o-y","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/","title":{"rendered":"Demand for glasses drops 40% as prices double y-o-y"},"content":{"rendered":"

<\/a> Demand for prescription eyeglasses and sunglasses have dropped by about 40% from the levels of summer 2016 as prices have increased by more than 100% since then, Chairman of Magrabi Optical Ibrahim El Maghrabi told Al Mal<\/a>. He says prices were impacted by the float of the EGP and, for sunglasses, the new value-added taxes (VAT). El Maghrabi says the opticians section of the Cairo Chamber of Commerce is preparing to send the Finance Ministry a memo asking for sunglasses to become exempt from VAT, as they are often prescribed to patients and could thus be seen as having medical purposes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Demand for prescription eyeglasses and sunglasses have dropped by about 40% from the levels of summer 2016 as prices have increased by more than 100% since then, Chairman of Magrabi Optical Ibrahim El Maghrabi told Al Mal. He says prices were impacted by the float of the EGP and, for sunglasses, the new value-added taxes […]<\/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":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647876","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"c6b9bbdf-ce3e-4b43-a003-aef47335608d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[647846],"teaser":"","voice_url":""},"yoast_head":"\nDemand for glasses drops 40% as prices double y-o-y - 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\/05\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Demand for glasses drops 40% as prices double y-o-y\" \/>\n<meta property=\"og:description\" content=\"Demand for prescription eyeglasses and sunglasses have dropped by about 40% from the levels of summer 2016 as prices have increased by more than 100% since then, Chairman of Magrabi Optical Ibrahim El Maghrabi told Al Mal. He says prices were impacted by the float of the EGP and, for sunglasses, the new value-added taxes […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-22T03:20:30+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Demand for glasses drops 40% as prices double y-o-y\",\"datePublished\":\"2017-05-22T03:20:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/\"},\"wordCount\":106,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/demand-for-glasses-drops-40-as-prices-double-y-o-y\/\",\"name\":\"Demand for glasses drops 40% as prices double y-o-y - 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