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

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

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)
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.

During a meeting on Monday of a special ministerial committee entrusted with finding solutions to confront the impact of the current global crisis on strategic commodities, Prime Minister Mostafa Madbouly stressed “the need for permanent coordination with the Federation of Chambers of Commerce to announce a list of fair prices for basic commodities.”

The committee includes the ministers of Awqaf (Islamic Affairs), Supply and Internal Trade, Finance, Local Development, Interior, Social Solidarity, Agriculture and Trade and Industry, as well as representatives of the National Service Projects Organization (NSPO), the Information and Decision Support Center, and the Consumer Protection Agency.

Madbouly pointed to “complaints from citizens” over some supermarkets and stores highly increasing the prices of some goods.

He noted in this regard that the fair price list would contribute to limiting such practices, adding that the Consumer Protection Agency and the Supply Investigations Department would look into all complaints and take the appropriate measures.

Last month, Egypt set a fixed price for unsubsidized bread in an effort to counter rising food prices after the Russia-Ukraine war closed off access to lower-priced Black Sea wheat.

Madbouly announced that commercially sold bread would be sold at 11.50 Egyptian pounds ($0.66) per kg, according to a statement by his office.

“We don’t want merchants to lose, but we will not allow unjustified and exaggerated rises in the prices of basic commodities,” he told the meeting on Monday.

The government is seeking to reassure the citizens about the reserves of goods. Minister of Supply and Internal Trade Ali Al-Moselhi emphasized “stability in the wheat supply system, and the speed of payment of dues to farmers.”



Sweida Clashes Renew Debate Over Tribal Alliances and Kurdish Forces in Syria

Fighters from the Bedouin clans in the city of Sweida on Saturday (AFP) 
Fighters from the Bedouin clans in the city of Sweida on Saturday (AFP) 
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Sweida Clashes Renew Debate Over Tribal Alliances and Kurdish Forces in Syria

Fighters from the Bedouin clans in the city of Sweida on Saturday (AFP) 
Fighters from the Bedouin clans in the city of Sweida on Saturday (AFP) 

The recent violent clashes in Sweida between local Druze factions and pro-government Bedouin tribes have reignited concerns over the stability of tribal alliances across Syria. As Arab tribes rallied to support the Bedouins, speculation mounted that a similar tribal uprising could erupt in eastern and northern Syria, where US-backed Syrian Democratic Forces (SDF) maintain a stronghold.

The fear of a broader tribal insurgency grew after thousands of tribal fighters reportedly mobilized toward the Sweida front from provinces such as Aleppo, Deir ez-Zor, and Raqqa, areas that remain divided between the SDF, a Kurdish-Arab coalition, and the Syrian government.

However, Sheikh Maan Hamidi Daham al-Jarba, head of the Shammar tribe, dismissed the possibility of the Sweida scenario repeating itself in northeastern Syria.

Speaking to Asharq Al-Awsat, he praised the SDF and its commander, General Mazloum Abdi, for achieving what he called “historic political balances and understandings” during a highly sensitive phase. The Shammar’s military wing, the Sanadid Forces - numbering between 7,000 and 10,000 fighters - have been key SDF partners since 2013, operating primarily along Syria’s eastern border with Iraq.

The SDF, established in 2015, introduced itself as a unified national military force representing Arabs, Kurds, Syriacs, and other communities in Syria. Earlier this year, its commander, Abdi, signed a landmark agreement with Syrian President Ahmad al-Sharaa to integrate the SDF and its civilian administration into the Ministry of Defense and national institutions by the end of 2025.

Bedir Mulla Rashid, a Kurdish affairs analyst at the Raman Center for Research, noted that the SDF’s power base has long rested on alliances with Arab tribal councils. While he acknowledged that the Sweida events could shake dynamics in the northeast, he ruled out an imminent tribal uprising. He emphasized ongoing US efforts to stabilize the region, partial sanctions relief, and a peace process between Türkiye and the Kurdistan Workers’ Party (PKK), as factors discouraging escalation.

“There is no equivalent to the Sweida factions in the northeast,” Rashid said. “Nor is there a regional power willing to fuel a confrontation with the SDF, especially as Türkiye is currently focused on internal reconciliation with the Kurds.”

In regions like al-Jazira and the Euphrates, tribal divisions have deepened over the course of Syria’s conflict. Last summer, tribal infighting erupted in deadly clashes. Yet, figures like Akram Mahshoush al-Zoubaa, head of the Elders Council within the Autonomous Administration and adviser to the Jabour tribe, remain adamant that the recent unrest should not be viewed as a model for the east.

“These movements do not reflect the values of Arab tribes,” al-Zoubaa said. “The SDF represents all components of society, despite ongoing efforts by various actors to sow division.”