Climate finance must be fairer for emerging economies: Finance Minister    Al-Sisi orders expansion of oil, gas and mining exploration, new investor incentives    Cairo intensifies regional diplomacy to secure support for US Gaza resolution at UN    Egypt unveils National Digital Health Strategy 2025–2029 to drive systemwide transformation    Minapharm, Bayer sign strategic agreement to localize pharmaceutical manufacturing in Egypt    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    ADCB launches ClimaTech Accelerator 2025    Egypt's FRA approves first digital platform for real estate fund investments    Egypt signs 15-year deal with Deutsche Bahn-El Sewedy consortium to run high-speed rail network    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



The Egyptian government's Sisyphean attempt to control prices
The government is keen on providing for the needs of Upper Egypt's neediest, says prime minister
Published in Daily News Egypt on 20 - 08 - 2016

The government must provide necessary commodities at reasonable prices, especially in Egypt's neediest areas, through the development of an integrated strategy to expand into more mobile and fixed food outlets to meet the citizen's needs, Prime Minister Sherif Ismail said during his meeting Saturday with the .
Ismail assured the importance of intensifying efforts to meet the sustainable development requirements of the neediest areas, especially in the Upper Egypt governorates, noting that the government is eager to provide everything necessary to improve the quality of services provided to them.
Although earlier this month President Abdel Fattah Al-Sisi said that there would be no increase in prices, this promise does not align with what is happening on local markets, which have witnessed a dramatic increase in the prices of fruits and vegetables, as well as beef and poultry.

However, Ismail instructed Upper Egypt governors to immediately provide lands required to establish more fixed outlets in Upper Egypt, in addition to increasing the Gameity project outlets to more than the 500 outlets currently available.
Moreover, Ismail directed the activation of contract farming to meet the local market's needs for staple crops and the expansion of the cultivation of corn, stressing the irreversibility of the decision to halt rice exports adopted by the cabinet.

The prime minister stressed the importance of maintaining the supply of goods to all outlets and Ministry of Supply grocery stores, and also to maintain that basic goods that are discharged to citizens for bread points, emphasising the need to tighten controls on the markets in order to adjust the prices.

The committee reviewed a comprehensive report on commodity stocks to confirm their availability for long periods of time, and discussed preparations for Eid Al-Adha and increasing the quantities of fresh and frozen meat available through fixed and mobile outlets.


Clic here to read the story from its source.