Egypt will convene a special committee on Thursday to tighten oversight of prices and prevent artificial inflation, Prime Minister Moustafa Madbouly said during a press conference in Cairo on Wednesday. The prime minister emphasised that local factories are operating at full capacity and that the currency remains stable, leaving no justification for any price increases. "We have no issues with production inputs — all supplies are secure," he said. "Any attempt to create a crisis out of nothing will be met with decisive action." The move comes as the government seeks to reassure consumers and businesses amid regional uncertainties and to safeguard price stability. Prime Minister Madbouly said the new committee's work will deliver a clear message to commercial sectors that authorities are closely monitoring the situation. "We want the markets to remain calm, with prices reflecting the real economic conditions," he said, noting that the government is prepared to take additional steps if needed to ensure stability. Attribution: Amwal Al Ghad English
