Egypt’s PM assures citizens: Prices will decline



Sat, 28 Jan 2023 - 11:07 GMT


Sat, 28 Jan 2023 - 11:07 GMT

Prime Minister Mostafa Madbouli

Prime Minister Mostafa Madbouli

CAIRO- 29 January 2023: Egyptian Prime Minister Moustafa Madbouli reassured the citizens that the crisis of the goods that are stuck in the ports is almost solved and all factories have returned to work at full as materials needed for production are enough for two months. 


In a press conference on the sidelines of his inspection tour of Capital Gardens City on Saturday, the Prime Minister assured that prices of the products would decline.


He continued that the production sector had resumed work at full capacity and this matter would help stabilize products' prices soon, MENA reported.


here is a plan to develop a vision for providing hard currency for the coming period until June 30, 2023,  the Prime Minister, Mostafa Madbouli stated in a press conference, on January 29..


Madbouli elaborated that the government is aware that there is a rise in prices.


“We are trying to reduce the burden on the citizens, and the government subsidizes the groups that need support," the Prime Minister stated.


He noted that most of the news on social media is directed at harming the Egyptian economy, Madbouli


Additional reporting Hanan Mohamed




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