close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Checkerboard progress in Egypt

Checkerboard progress in Egypt

As Cairo says goodbye to its unruly fleet of black-and-white taxis, opinions are divided. Some will miss their chaotic charm but many believe an overhaul is overdue, says Trends magazine.

0

February 21, 2010 5:12 by



Chaba says that the government negotiated low prices with manufacturers and also took other steps such as removing customs duties on imported components. For a number of reasons including the elimination of customs duties, he says a Lanos taxi bought through the program is around 25 percent less expensive than purchasing a Lanos retail.

Buying a new taxi will force drivers to pay more for fuel, however. Most of the older taxis burning gasoline use 80-octane fuel, and for the new cabs using gas, drivers will have to purchase higher-octane fuel. The government has been working to phase out energy subsidies, and in summer 2008 the price of gasoline was raised for almost all grades of fuel, except 80-octane, which remains cheap.

Chaba explains that new “taxis have to use the higher-quality fuel – which is less subsidized by the government – so the government actually ends up saving money because they don’t have to lose the subsidy amount on this [80-octane] fuel.”

While some drivers point to high gasoline costs, Youssef says that the program offers different options, including cars run on natural gas – which he says is even less expensive than 80-octane fuel.

The program still faces difficulties. In addition to the waiting list, there are insufficient arrangements for shredding the old cars – which have been stacking up. This month, there will be an auction to sell the taxis from the project, with the buyer having to recycle it.

- Trends magazine
RELATED ARTICLES

TRAVEL: Cairo
SLIDESHOW: Postcards from Cairo
Brand to Brand: Dubai Metro Vs. Dubai Taxi



Pages: 1 2 3

0

Tags: , , ,

Leave a Comment