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Egypt assures commodity supplies amid regional tensions
The Egyptian government has focused on ensuring the availability of sufficient strategic stocks of essential commodities, amid rising dollar prices and regional tensions affecting the markets. The Minister of Supply and Internal Trade confirmed that there are secure quantities of subsidized goods to maintain market stability and meet citizens' needs, along with a plan to regulate markets and combat rising prices. Additionally, the government launched the "Carry On" project to transform consumer complexes into hypermarkets and develop the internal trade sector, aiming to improve commodity availability and prevent price fluctuations. Meanwhile, it is expected that the exchange rate of the dollar in the free market will remain influenced by supply and demand, without any specific short-term forecasts.
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