Politics
Egypt's PM Reviews Steps for National Program to Stabilize Commodity Prices
Synthesized from2 sources
AI-generated summary
Egypt's PM Reviews Steps for National Program to Stabilize Commodity Prices
Prime Minister Mostafa Madbouly chaired a meeting with ministers and officials to outline a national program aimed at stabilizing commodity prices and reducing living costs.
- Madbouly stated the meeting implements directives from President Abdel Fattah el-Sisi to expand permanent outlets and regulate supply chains.
- Supply Minister Sherif Farouk announced a working paper including forming a supreme committee and establishing a joint national company as the program's executive arm.
- Deputy Prime Minister for Economic Affairs Hussein Issa said transport and shipping costs are the largest factor affecting commodity prices and must be addressed.
- Future Egypt Executive Director Bahaa El-Ghannam said small outlets will be created within 30 to 45 days, and a comprehensive 12-month program will be ready shortly.
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