Egypt expands price-cut initiative to 30 basic goods by end of September

The Egyptian government has widened its price-reduction initiative for basic commodities, expanding discounted goods from 12 to 30 and extending state outlet coverage.

• Prime Minister Mostafa Madbouly chaired a meeting to follow up on the government's price-reduction initiatives, government spokesman Mohamed Adel said.
• The initiative, launched by the Supply Ministry on September 10, currently covers 12 strategic goods at 284 outlets and will run until the end of March.
• Adel said 18 additional goods will be added before the end of September, raising the total to 30 basic commodities.
• Adel confirmed sufficient strategic stock and said the ministry will continue daily supply to markets and outlets for the six-month initiative.