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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)
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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.”

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Arab World

Appeal Trial of Tunisia Jailed Prominent Lawyer Starts

People stand outside a closed court during a nationwide strike in Tunis, Tunisia November 22, 2018. REUTERS/Zoubeir Souissi
People stand outside a closed court during a nationwide strike in Tunis, Tunisia November 22, 2018. REUTERS/Zoubeir Souissi
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Appeal Trial of Tunisia Jailed Prominent Lawyer Starts

People stand outside a closed court during a nationwide strike in Tunis, Tunisia November 22, 2018. REUTERS/Zoubeir Souissi
People stand outside a closed court during a nationwide strike in Tunis, Tunisia November 22, 2018. REUTERS/Zoubeir Souissi

The appeal trial of a prominent Tunisian lawyer jailed on anti-terror charges started on Thursday, after the judge rejected the defense's demand of his provisional release on health grounds.

Ahmed Souab's lawyers and relatives said his health condition had become critical since his jailing in April last year as part of what many said was a crackdown on political dissent.

The court rejected his provisional release and postponed the hearing to February 23, his lawyer, Fedi Snene, told AFP.

Souab -- also a rights advocate and a former judge -- was detained after claiming that judges were under political pressure to hand down hefty sentences last year in a mass trial of critics of President Kais Saied.

He had been a member of the defense team during the high-profile mass trial, and last October he was sentenced to five years in prison in a speedy trial that lasted less than two minutes.

UN Special Rapporteur on human rights defenders Mary Lawlor said on Wednesday Souab had been convicted on "baseless charges" and called for his "immediate release".

Snene rejected accusations against Souab, saying "he should not be in prison".

"He is a well-known man of law, who served for nearly 30 years as a judge before becoming a lawyer," Snene added.

Souab's son, Saeb, told AFP the family had submitted a "substantial medical file" asking the judge for his release pending a verdict.

Saeb said his father suffered a heart attack in 2022 and that his cardiologist had certified that prison conditions could worsen his health.

Souab had accused authorities of putting "a knife to the throat of the judge who was to deliver the verdict" during the mass trial that saw around 40 public figures sentenced to long terms on charges including plotting against the state.

Arab World

At Least 21 Drown in Nile Boat Sinking in Sudan

At least 21 people drowned when a boat sank in the Nile River in northern Sudan, according to the local state government and eyewitnesses interviewed by AFP. (REUTERS)
At least 21 people drowned when a boat sank in the Nile River in northern Sudan, according to the local state government and eyewitnesses interviewed by AFP. (REUTERS)
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At Least 21 Drown in Nile Boat Sinking in Sudan

At least 21 people drowned when a boat sank in the Nile River in northern Sudan, according to the local state government and eyewitnesses interviewed by AFP. (REUTERS)
At least 21 people drowned when a boat sank in the Nile River in northern Sudan, according to the local state government and eyewitnesses interviewed by AFP. (REUTERS)

At least 21 people drowned when a boat sank in the Nile River in northern Sudan, according to the local state government and eyewitnesses interviewed by AFP.

River Nile State said Thursday that 21 bodies had been recovered after the accident, listed their names and warned that some passengers were still missing.

The boat was crossing the river between the villages of Tayba al-Khawad and Deim al-Qarai, according to the local government's statement.

The statement did not explain the cause of the accident.

Eyewitnesses told AFP the boat was carrying 30 people.

The Sudanese Doctors Network said in a statement that six of the boat's passengers survived.

The group said the incident exposes "the fragility of river transport and the absence of basic safety requirements, as well as the complete absence of local authorities and civil defense rescue teams in the early hours of the incident".

Many Sudanese rely on river transport via single-engine boats captained by solo operators.

The country's infrastructure has been collapsing due to a war that has been ongoing for nearly three years.

The war has divided the country between the army and their enemy, the paramilitary Rapid Support Forces, with road closures and a severe deterioration in public services and medical and educational infrastructure.

Arab World

Syria Affirms Deep Ties with Saudi Arabia

Saudi Ambassador to Damascus Dr. Faisal Al-Mujfel visits the Kingdom’s pavilion, guest of honor at the Damascus International Book Fair (Saudi Embassy account). 
Saudi Ambassador to Damascus Dr. Faisal Al-Mujfel visits the Kingdom’s pavilion, guest of honor at the Damascus International Book Fair (Saudi Embassy account). 
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Syria Affirms Deep Ties with Saudi Arabia

Saudi Ambassador to Damascus Dr. Faisal Al-Mujfel visits the Kingdom’s pavilion, guest of honor at the Damascus International Book Fair (Saudi Embassy account). 
Saudi Ambassador to Damascus Dr. Faisal Al-Mujfel visits the Kingdom’s pavilion, guest of honor at the Damascus International Book Fair (Saudi Embassy account). 

Syria has reaffirmed the strength of its relations with Saudi Arabia during a visit by the Saudi ambassador to Damascus, Dr. Faisal Al-Mujfel, to the Saudi pavilion, guest of honor at the 2026 Damascus International Book Fair.

Saudi Arabia’s participation in the fair, held from Feb. 6-16, is led by the Literature, Publishing and Translation Commission.

At the start of the visit, Al-Mujfel met Syria’s Minister of Culture, Mohammad Yassin Saleh, who welcomed the Kingdom’s designation as guest of honor as a clear affirmation of the depth of Saudi-Syrian cultural relations, based on partnership and mutual respect.

Saleh praised Saudi Arabia’s cultural efforts and commended the pavilion for showcasing activities that reflect the richness and diversity of Saudi cultural heritage.

He noted that the Saudi program highlights the Kingdom’s commitment to supporting culture and literature at both the Arab and international levels. The pavilion features a wide range of events, including seminars and poetry evenings, with the participation of leading Saudi writers and intellectuals.

During a guided tour, the Saudi ambassador was briefed on the creative diversity presented at the pavilion. Exhibits include a collection of manuscripts, a section dedicated to traditional Saudi attire, displays of archaeological replicas, and a selection of publications issued by the Literature, Publishing and Translation Commission.

Among the featured works are titles from the “Translate” initiative, the “Saudi Literature Comics” series, and short story collections from Saudi authors, offering visitors insight into the Kingdom’s contemporary literary scene.

The commission is overseeing Saudi Arabia’s participation as guest of honor at the 2026 book fair, presenting what it described as a vibrant cultural experience that celebrates Saudi creativity and promotes dialogue through books.

The program aligns with the Kingdom’s National Culture Strategy under Vision 2030, which emphasizes cultural exchange, knowledge sharing, and constructive dialogue among nations, while reinforcing Saudi Arabia’s role in the Arab and global cultural landscape.

The visit was attended by several Arab diplomats accompanying the Saudi ambassador, including the ambassadors of Bahrain, Oman and Lebanon, as well as the chargé d’affaires of the United Arab Emirates embassy in Damascus.