Home Page Pioneers Holding Website Site Map
Elsewedy Electric participats in Aswan Forum 2019       Egypt new capitals Central Business District towers ready mid 2021       Egypt sets five requirements to grant citizenship by investment       Shareholders equities of Egypts insurers decline 7.8% June-end       EGX executes mixed purchase offer on Ezz Rollings shares       FRA oks Foodicos subscription, right issues due date on Dec. 30       Aramcos stellar debut cheers Saudi shares; most Gulf indexes gain       Aramcos surge on debut lifts Saudi shares       Egypt sets five requirements to grant citizenship by investment       Egypts new sovereign fund cherry-picks assets to lure investors - CEO       Egypts Rameda Pharmaceutical shares end 4.7% lower in debut trading       Release from ODIN Financial Investments (ABRD.CA) 12/12/2019       Release from Atlas for Investment & Food Industries (ALRA.CA) Regarding the EGM 12/12/2019       Ismailia National Food Industries (INFI.CA) Rights Issue 12/12/2019       Release from FRA Concerning Misr Oils & Soap (MOSC.CA) 12/12/2019       Property demand in Dubai is strong officials       Egypts annual core inflation declines to 2.1% in November: CBE       Egypt receives $70B on its intl bond issuance       Industry min. urges laying down new road map for Egypt-UAE economic partnership       Egypt considers new amendments to PPP law: minister      
ACGC.CA  5.67    1.07%      AFDI.CA  12.02    1.52%      APSW.CA  2.71    1.88%      COMI.CA  73.35    0.87%      EFIC.CA  16.93    1.93%      EGTS.CA  1.55    2.65%      EHDR.CA  5.13    2.40%      EKHO.CA  0.80    -1.23%      ELEC.CA  0.89    3.49%      ELKA.CA  14.98    0.00%      EMOB.CA  128.73    1.83%      EPCO.CA  2.30    0.00%      ESRS.CA  19.59    0.98%      ETEL.CA  13.49    -0.37%      HRHO.CA  23.27    0.00%      IFAP.CA  2.38    2.15%      KABO.CA  1.49    0.68%      MNHD.CA  10.29    1.78%      MOIL.CA  0.28    3.70%      NCGC.CA  6.55    0.00%      OCDI.CA  19.54    0.41%      OCIC.CA  217.47    0.00%      ORTE.CA  4.42    1.38%      PHDC.CA  4.06    1.50%      PIOH.CA  8.47    0.59%      SPIN.CA  2.05    1.49%      SVCE.CA  5.49    2.23%      SWDY.CA  136.72    0.80%      TMGH.CA  10.22    1.89%      UEGC.CA  0.77    1.32%      
First Name
Last Name
E-Mail
E-Mail
Egypt to lower subsidised staple food prices in Dec.- minister



Cairo: Egypt will reduce prices of subsidised food staples from December, the state news agency MENA quoted Supply Minister Ali Moselhy as saying on Saturday.
A bottle of cooking oil will cost 8.5 Egyptian pounds ($0.53) instead of 9.5, the price of sugar will decrease to 8.5 pounds per kilogram from nine, that of rice will be reduced to eight per kilogram from nine and flour will go down to 6.50 pounds per bag from 6.75, Moselhy said.
He did not give a reason for the price cuts.
In October, a total of 1.8 million Egyptians were returned to the food subsidy programme after an order from the president.
They had been removed earlier this year when the supply ministry started to sift through the system to weed out people whose income was believed to be too high to warrant access to cheap rice, pasta and other items.
Their re-inclusion in the programme followed small but rare protests in Cairo and other cities on Sept. 20.
The protests were sparked by calls for demonstrations against alleged graft and waste by the president and the powerful military, accusations President Abdel Fattah al-Sisi denies. Source: Reuters



Time Added: 2019-11-19 08:43:59
Source: arabfinance
  print
Send to a friend
Your Name
Your E-mail
Your Friend Name
Your Friend E-mail
Your Message
 
Share on Facebook

Related News
Elsewedy Electric participats in Aswan Forum 2019
Egypt new capitals Central Business District towers ready mid 2021
Egypt sets five requirements to grant citizenship by investment
Shareholders equities of Egypts insurers decline 7.8% June-end
EGX executes mixed purchase offer on Ezz Rollings shares
FRA oks Foodicos subscription, right issues due date on Dec. 30
Aramcos stellar debut cheers Saudi shares; most Gulf indexes gain
Aramcos surge on debut lifts Saudi shares
Egypt sets five requirements to grant citizenship by investment
Egypts new sovereign fund cherry-picks assets to lure investors - CEO