The Egyptian government, in collaboration with the private sector, has launched an initiative to reduce the prices of essential goods, Prime Minister Mostafa Madbouly revealed. The initiative will also reduce the prices of live and frozen poultry and eggs by 15%. This came during a Monday press conference, to reveal the details of an agreement between the government and private sector regarding the initiative to reduce prices of basic commodities. To address this, the responsible entities called for the availability and provision of hard currency to increase the supply and subsequently reduce prices. An agreement was reached with the private sector and industry professionals to streamline procedures in the future.

Source: Daily News Egypt October 09, 2023 20:37 UTC