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2 clusters · 4 sources · 10 days · First seen · Last updated

Egypt commodity price reduction initiative

Overview

Egypt’s Ministry of Supply and Internal Trade has launched a price reduction initiative to stabilize markets and lower the cost of living. Minister Sherif Farouk ordered an increased supply of high-demand items, such as rice, cheese, and tomato paste, to ensure availability.

The initiative has expanded through partnerships with commercial chains like Lulu Market and includes plans for a permanent market in the Kafr El-Sheikh Governorate to reduce intermediary costs. In the Giza Governorate, the program has reached 35 supply outlets, including locations under the ‘Gamayeti’ project, offering essential goods at discounts of up to 25% compared to local market rates. The ministry continues to conduct field tours to monitor supply regularity and prevent shortages.

Entities

Sherif Farouk · Ministry of Supply and Internal Trade · Gamayeti Project · Lulu Market · Nile Consumer Complexes Company

Timeline

  1. 6 days ago

    [BUSINESS] 3 sources
    Giza supply outlets offer essential goods at 25% discount

    Egypt's Ministry of Supply is providing essential goods at up to 25% discounts through 35 outlets in Giza to support citizens and stabilize local markets.

  2. 16 days ago

    [BUSINESS] 2 sources
    Egypt Ministry of Supply expands price reduction initiative

    Egypt's Minister of Supply has ordered increased distribution of high-demand goods and announced that Lulu Market will join a national price reduction initiative.

Sources

alnaharegypt.com · elaosboa.com · elbalad.news · elzmannews.com