Public & Group Transportation Fares Rise by 10% Across Greater Cairo
Apr 12, 2025
Following the recent rise in fuel prices, public transport fares across Greater Cairo have been increased by 10%, with some routes seeing a rise of up to 15%. This adjustment, which affects both buses and minibuses, aims to address the increased operational costs faced by transport services due to the higher prices of gasoline and diesel.
Under the new fare structure, standard bus tickets will cost EGP 10, while air-conditioned buses will charge EGP 20. For group transport, the price of regular minibus tickets will rise to EGP 16, while air-conditioned minibuses will now cost EGP 19. The fare hikes are in line with the rising cost of fuel, which saw a price increase of 11.7% to 33% across various retail fuel products.
Despite the rise in transport costs, the price of subsidized Baladi bread will remain fixed at 20 piastres per loaf for ration card holders. The Ministry of Supply has assured the public that the subsidy will continue despite the increasing production costs associated with fuel.
The adjustments are expected to impact both passengers and transport operators, with clear signage displaying the new fare rates to maintain transparency at terminals.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
an hour ago
- See - Sada Elbalad
Egyptian Railways Launches Fifth Special Train to Facilitate Voluntary Return of Sudanese
Taarek Refaat The Egyptian National Railways launched its fifth special train today, aimed at facilitating the voluntary return of Sudanese nationals residing in Egypt. This initiative seeks to provide comprehensive support and ensure comfort for Sudanese citizens returning home amidst ongoing challenges. The move is in line with the directives of Engineer Kamel El-Wazir, Egypt's Minister of Transport and Deputy Prime Minister for Industrial Development, who emphasized the importance of strengthening historical and fraternal ties between Egypt and Sudan. The special train, identified as Journey No. 1940, departed from Cairo's main railway station, bound for Aswan, carrying hundreds of Sudanese families. In response to the large number of passengers, the Egyptian Railways coordinated detailed organizational measures to ensure a smooth and safe journey. This includes dedicated reception teams at stations, special assistance for elderly travelers, and a supportive environment onboard, aimed at creating an atmosphere of security and comfort. In addition to the supportive measures, the train is equipped with a luggage transport wagon to accommodate the personal belongings of passengers, ensuring that their needs are met throughout the journey. Many Sudanese passengers expressed their heartfelt appreciation for the well-organized travel process and the kindness shown by the Egyptian authorities. They emphasized the sense of brotherhood and solidarity they felt from their Egyptian hosts, starting from their reception at the stations to their departure for Sudan. This spirit of cooperation has left an indelible mark on their hearts, and many expressed gratitude for the support they received during this challenging time. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated
See - Sada Elbalad
3 hours ago
- See - Sada Elbalad
Israel's Economy Shrinks Unexpectedly Well Below Growth Forecasts
Taarek Refaat Israel's economy contracted sharply in the second quarter of 2025, as the 12-day war with Iran triggered a nationwide disruption of commercial activity and dragged down consumer spending and investment. According to data released Sunday by the Israeli Central Bureau of Statistics, gross domestic product (GDP) shrank by 3.5% on an annualized basis, seasonally adjusted, a stark contrast to the 0.2% median growth estimate predicted by a Bloomberg survey of six economists. The economic decline came on the heels of a surprise Israeli offensive launched on June 13 targeting Iran's nuclear infrastructure and military installations. Israel labeled Iran's nuclear program a "strategic existential threat." In retaliation, Iran launched multiple ballistic missile attacks, prompting mass sheltering across Israeli cities and a near-complete shutdown of economic activity. The war's economic toll was felt most acutely in private consumption, which plunged 4.1%, and Gross fixed capital formation, which plummeted 12.3%, as reported by the statistics bureau. The war also introduced fresh uncertainty into regional stability, rattling investor sentiment and delaying major infrastructure and housing projects. The Bank of Israel still projects 3.3% GDP growth for 2025, but the Finance Ministry last week revised its outlook downward to 3.1%, citing the war's impact and growing fiscal pressures. Achieving even these revised figures will now depend on a strong economic rebound in the second half of the year, a challenging feat amid ongoing military escalations. Further compounding economic uncertainty is Israel's announced preparation for a large-scale ground operation in Gaza, with the stated aim of "eliminating Hamas presence." Military analysts estimate the move could displace over one million Palestinians and require the mobilization of tens of thousands of reservists, placing additional strain on public spending and labor market productivity. With defense spending surging and domestic consumption slowing, Israel faces a delicate balancing act: restoring economic momentum while navigating escalating regional conflict. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated
See - Sada Elbalad
4 hours ago
- See - Sada Elbalad
Egypt's Stock Exchange Launches "EGX" App to Boost Market Accessibility, Digital Transformation
Taarek Refaat In a significant leap toward digital transformation, the Egyptian Exchange (EGX) officially launched its first smart mobile application on Sunday, marking a milestone in modernizing market access and investor engagement. The newly introduced app, named 'EGX', is designed to provide real-time market updates and facilitate broader access to stock market information for investors, traders, and financial analysts. The launch reflects EGX's strategic objective to deepen market liquidity and expand investor outreach by embracing innovative digital solutions. 'This app offers a user-friendly, interactive experience that allows market participants to stay informed instantly on the latest market trends, stock movements, and index summaries,' the exchange said in a press statement. The app's release comes in the form of an open beta, allowing users to explore its features and contribute to its evolution through feedback submitted via the 'Borsa Dialogue Platform.' This participatory approach underlines EGX's commitment to stakeholder engagement and iterative development. The app includes features such as: Live market news and updates, access to listed securities data, and real-time index performance summaries, as well as interactive tools for market analysis. This initiative aligns with the EGX Board of Directors' broader development strategy, particularly Objective No. 60, which focuses on modernizing the exchange's systems and applications. The goal is to enhance the efficiency of information dissemination, increase transparency, and support better investment decision-making. The digital pivot also reflects Egypt's national agenda for digital transformation and investment climate reform. Over the past few years, the Egyptian Exchange has ramped up its efforts to digitize capital market infrastructure, aligning with global standards and investor expectations. The app is expected to play a crucial role in widening investor participation, especially among younger, tech-savvy users and international players seeking efficient access to the Egyptian capital market. By offering timely and accurate data at users' fingertips, EGX aims to attract a more diverse pool of participants and enhance overall market depth. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated
