Egypt Plans to Regulate and Reduce Essential Commodities Prices ...Egypt

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Egypt Plans to Regulate and Reduce Essential Commodities Prices
Image Credit: Wikimedia Commons Egypt’s Cabinet, in partnership with the Central Bank of Egypt (CBE), announced plans to introduce measures to combat the rising cost of essential commodities, according to a Facebook post by the Cabinet on 3 October. The announcement comes days after President Abdel-Fattah El-Sisi directed Minister of Supply and Internal Trade Ali Al-Moselhi to address the current price hikes during the ‘Hikayat Watan’ Conference on 2 October. Prime Minister Mostafa Madbouly received heads of commerce chambers, industry unions, food companies, and vendors across the country to discuss the forthcoming measures. The gathering also included the presence of CBE Governor Hassan Ab

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