Hoarding strategic goods penalized with 5 years

A report in Al-Youm Al-Sabea clarified that the withholding of strategic goods is considered a crime punishable by law with imprisonment for up to five years and a fine of up to 3 million pounds, according to Law No. 20 of 2024. The law aims to address practices such as hiding, refraining from offering, or refusing to sell these goods, which negatively impact their availability in the markets and consumers' rights. It also emphasizes intensifying field surveillance and expanding inspection campaigns to detect violations and confront attempts to disrupt the circulation of goods, with deterrent penalties and confiscation of the contraband. The head of the Consumer Protection Agency believes that ensuring the availability of goods and protecting consumers’ rights is a shared responsibility between regulatory authorities and consumers to achieve market stability and prevent manipulation.

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