Egypt Rolls Out National Plan to Cut Prices on Key Goods

Egypt Rolls Out National Plan to Cut Prices on Key Goods

The Egyptian government has officially launched a nationwide initiative to reduce the prices of essential commodities on Tuesday 5 August.  Announced by Minister of Supply and Internal Trade Sherif Farouk, this initiative is a response to directives from Prime Minister Mostafa Madbouly; it aims to provide discounts of up to 18 percent on high-demand food items, such as meat, poultry, sugar, rice, cooking oils, tea, and pasta.  During a recent me…

Gov't launches price reduction initiative - Egyptian Gazette

Egypt’s Minister of Supply and Internal Trade Sherif Farouk announced on Tuesday the official launch of a nationwide price reduction initiative in all consumer complexes operated by the Holding Company for Food Industries across the country. Following directives from Prime Minister Moustafa Madbouly, the government has launched a new initiative to ease the financial burden on citizens by offering essential goods at reduced prices. In its initial…