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Egypt

The Egyptian government has officially launched a nationwide initiative to reduce the prices of essential commodities on Tuesday 5 August.  Announced by Minister of Supply and Internal Trade Sherif Farouk, this initiative is a response to directives from Prime Minister Mostafa Madbouly; it aims to provide discounts of up to 18 percent on high-demand food items, such as meat, poultry, sugar, rice, cooking oils, tea, and pasta.  During a recent meeting with representatives from the Federation of Egyptian Chambers of…