Egypt Releases Imported Food, Medical Supplies from Ports to Stabilize Prices ...Egypt

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Egypt Releases Imported Food, Medical Supplies from Ports to Stabilize Prices
Egypt’s Minister of Finance, Mohamed Maait, announced on Sunday, 2 July, that Egypt had released imported goods worth USD 32 billion (EGP 989 billion) from ports over the past five months in order to improve the production cycle and reduce price volatility in the market. Maait added that the decision reflects Egypt’s commitment to provide all basic commodities and meet the needs of local citizens, prioritizing imported food manufacturing, medical and production supplies. “We are keen to secure Egypt’s strategic stock of basic commodities for citizens to maintain the volume of quantities offered in the local market and create favorable conditions for price stability,” the minister said. Maai

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