The Cabinet has approved establishing “Feerum Egypt”, a joint-stock company formed by Egypt’s Samcrete and Poland’s Feerum, to localize the production of grain silos.

Minister of Supply and Internal Trade Sherif Farouk has confirmed that the price of subsidized bread, priced at EGP 0.20 per loaf on ration cards, will remain unchanged despite the recent increase in diesel prices.

The Minister of Supply and Internal Trade Sherif Farouk has inaugurated the 2024 Nebu Expo for Gold and Jewelry on behalf of Prime Minister Mostafa Madbouly.

Holding Company for Food Industries (HCFI) has announced the continued supply of Turkish eggs in consumer cooperative stores at a price of EGP 150 per carton, according to a statement by the Ministry of Supply and Internal Trade.

The Egyptian Ministry of Supply and Internal Trade has signed agreements to establish three new commercial centers and projects in Sharkia and Beni Suef, a venture estimated at EGP 4.8 billion.

The Minister of Supply and Internal Trade Sherif Farouk has reviewed the ministry’s strategy to develop the country’s subsidy system by applying effective mechanisms.

The Ministry of Supply and Internal Trade probed ways of collaboration with Microsoft in digital transformation and database integration.

The Minister of Supply and Internal Trade Sherif Farouk met with the CEO of First Abu Dhabi Bank Misr (FABMISR) Mohamed Abbas Fayed to discuss ways of financing imports of essential goods.

Egypt’s Assay and Weights Authority is considering offering confiscated gold for trading on the Egyptian Mercantile Exchange (EMX), Minister of Supply and Internal Trade Sherif Farouk stated.

Egypt has decided to extend the ban on exporting local sugar for another three months starting July 1st.

Egypt has received a total of 3.551 million tons of local wheat from farmers this season, surpassing the target for this year, Minister of Supply and Internal Trade Ali Moselhy announced.

The Egyptian government is currently in talks with several countries, eying new wheat channels, Minister of Supply and Internal Trade Ali Moselhy revealed.

The General Authority for Supply Commodities (GASC) has concluded the procurement of 250,000 tons of raw sugar on May 25th.

Egypt has received around 1.8 million tons of wheat from local farmers since the beginning of the current harvest season on April 13th, Assistant to Minister of Supply and Internal Trade Ahmed Kamal stated.

The Egyptian government has offered 12 investments opportunities in eight governorates with targeted investments of over EGP 40 billion.

The Egyptian Ministry of Supply and Internal Trade, represented by the General Authority for Supply Commodities (GASC), has signed a contract to import 200,000 tons of raw sugar.

Cooking oil prices in Egypt have dropped further by 14% on Saturday, April 20th, with the price of blended cooking oil in markets starting from EGP 65 per 1 liter, Minister of Supply and Internal Trade Ali Moselhi announced.

The Ministry of Supply and Internal Trade will form a higher committee in the coming days to monitor the prices of unsubsidized bread in the light of fluctuations in flour prices and cost elements.

The Ministry of Supply and Internal Trade, through the Internal Trade Development Authority (ITDA), has launched an electronic portal aimed at facilitating the updating of commercial register data for companies and economic entities, as per a statement.