Politics
Egypt's PM Reviews Steps for National Program to Stabilize Commodity Prices
July 14, 2026 at 04:55 PM
Coverage
3 reports · over 3 hours
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.


