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Asharq Al-Awsat
Asharq Al-Awsat
World
Cairo - Mohammed Nabil Helmi

Egypt Government to Set 'Fair' Prices to Confront Market Manipulation

Mostafa Madbouly Egypt
Egyptian traditional loaves of bread are seen on shelves from the oven at a bakery in Cairo’s southeastern Mokattam district in Egypt, March 16, 2022. (Reuters)

The Egyptian government announced on Monday it intends to “publish a list of fair prices for basic commodities,” in order to prevent the manipulation of prices by merchants.

The announcement comes less than two weeks after it decided to temporarily set a fixed price for unsubsidized bread.

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