News

President Sisi Promises to Support the Poor Amid Rising Food Prices

President Sisi Promises to Support the Poor Amid Rising Food Prices

Egyptian President Abdel Fattah al-Sisi speaking at a press conference. (i24 News)
Egyptian President Abdel Fattah al-Sisi speaking at a press conference. (i24 News)

In a speech ahead of Egypt’s Sinai Liberation Day, Egypt’s President Abdel Fattah Al-Sisi promised to stand by the poor amid a weakening Egyptian pound.

During the speech, President Sisi said he had ordered the government to increase the supply of subsidized basic commodities to ensure food prices do not spike.

The Egyptian President also ordered the Armed Forces to distribute two million packages containing staple goods, such as rice and oil, to low-income areas across Egypt.

More than 45 million Egyptians live in poverty in the fifteenth most densely populated country in the world, reported the Central Agency for Public Mobilization and Statistics (CAPMAS) in 2015. This includes 16.7 million children, of which 9.2 million are living in extreme poverty.

Poverty has grown with a marked acceleration since the January 25 revolution in 2011. In 2000, 16.7 percent of Egypt’s population, and 21 percent of children, lived in extreme poverty. As of 2013, that number has peaked to 26.3 percent of the total population, including 28.8 percent of children.

Extreme poverty in Egypt is classified as earning less than EGP 10.7 ($US 1.40) per day, while those in poverty earn EGP 13.9 ($US 1.82) or less per day.

Egypt's Military Deploys to Secure 'Sinai Day Celebrations' Ahead of Planned Protests
Pro-Sisi Coalition Consolidates Control of Egypt’s Parliament after Committee Elections

Subscribe to our newsletter


News

More in News

Rights Lawyer and Former Presidential Candidate Khaled Ali Held Overnight Pending Investigations

Egyptian StreetsMay 23, 2017

Egyptian Authorities Demolish Ras Sudr Kiteloop Camp, Other Attractions For ‘Violating State Property’

Egyptian StreetsMay 23, 2017

ISIS Claims Responsibility For Manchester Arena Attack

Egyptian StreetsMay 23, 2017

19 Killed in ‘Explosions’ at Ariana Grande Concert in UK

Egyptian StreetsMay 23, 2017

Canadian Minister to Contribute to the Egyptian Educational System

Egyptian StreetsMay 22, 2017

Cannes Festival: Egypt Scores Majority of Awards of the ‘Arab Critics Awards’

Egyptian StreetsMay 22, 2017

Egypt’s Ali Farag Named Runner-up at the 2017 PMI Bellevue Squash Classic

Egyptian StreetsMay 22, 2017

Egypt Refers 48 Suspects to Military Court Over Coptic Church Bombings

Engy AdhamMay 22, 2017
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.