Egypt: New measures to confront monopolists; the Ministry of Supply this week

Published 2021년 11월 5일

Tridge summary

The Ministry of Supply and Internal Trade has initiated a project to construct a 100,000-ton grain silo in Port Said port, funded partly by a loan from The OPEC Fund for International Development, to increase storage capacities. The Minister has presented a future plan to the economic representatives of his ministry, which includes providing the strategic reserve of basic commodities, purifying ration cards, achieving self-sufficiency in basic commodities, and combating global inflation. An inspection campaign on food commodity stores led to the seizure of expired goods and referral of violators to investigation authorities. The ministry has also permitted bakeries to keep ration cards temporarily due to information system issues.

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Original content

This week, the Ministry of Supply and Internal Trade witnessed a number of important and influential events in the economic affairs, as the Minister of Supply began the week by laying the foundation stone for a project to build a new silo in the west of Port Said port. The project aims to increase storage capacities. This week, the Minister presented to the economic representatives of his ministry’s future plan regarding the provision of the strategic reserve of basic commodities, purification of ration cards, procedures for achieving self-sufficiency in basic commodities, mechanisms to confront the global inflation wave and its impact on the rise in local prices. The Minister of Supply was Internal trade began the week, on Saturday, October 30, by going to Port Said Governorate, where he laid the foundation stone for the construction of a grain silo at Abbas berth in West Port Said Port, with a storage capacity of 100,000 tons at a cost of 520 million pounds, including 13.2 ...

Source: Akhbarelyom