Egypt exerts "utmost" efforts to curb rising prices: president

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Egypt exerts "utmost" efforts to curb rising prices: president

STORY: Egypt exerts "utmost" efforts to curb rising prices: president DATELINE: June 14, 2022 LENGTH: 00:00:44 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of city views in Cairo STORYLINE: Egyptian President Abdel-Fattah al-Sisi said on Monday that the country is exerting its "utmost possible" efforts to curb the rising prices resulting from global crises such as the Russia-Ukraine conflict. According to the state-run Ahram Online News, Sisi said that "prices in Egypt could have been higher in the past five or six months had the country not embarked on development projects, which provide many products and services." Meanwhile, Sisi said price hikes in the domestic market are not proportional to the price rise in the international market because the government shoulders much of the burden on behalf of the people. He revealed that the government decided to postpone the scheduled rise in household electricity prices for the third time to ease the people's burden. Xinhua News Agency corresponde

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