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Companies / Egypt

Government Takes Measures To Battle Food Price Inflation

March 2008 | Industry News

Sharply rising food prices have been the cause of growing unrest in Egypt, as the government has recently taken a number of new measures to deal with the mounting public discontent. According to government figures, the price of food staples has risen by 26.5% over the past year, a dire situation in a country where a fifth of the population live under the poverty line of US$2 a day, with a considerable portion just barely above it. Various groups across a broad range of Egyptian society have been staging protests for an increase in their basic pay and more

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