Egypt inaugurates mega strategic food warehouse project

STORY: Egypt inaugurates mega strategic food warehouse project DATELINE: Aug. 28, 2023 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the building of the Ministry of Supply and Internal Trade in Cairo 2. various of Egyptian Minister of Supply and Internal Trade Ali al-Moselhy speaking (file) STORYLINE: A groundbreaking ceremony was held Sunday for building a strategic food warehouse project in southern Egypt's Luxor Governorate. Egyptian Minister of Supply and Internal Trade Ali al-Moselhy attended the ceremony, witnessing the warehouse's foundation stone being laid, the ministry said in a statement. This was the second to start construction among seven strategic food warehouses planned across the country, following the one in the Suez Governorate in June. It would serve Luxor and some neighboring governorates, according to the ministry. Al-Moselhy said that the warehouse would be built on an area of 10 acres, with an investment of approximately 1.5 billion Egyptian pounds (4

Egypt to sell discounted bread to fight inflation

STORY: Egypt to sell discounted bread to fight inflation DATELINE: Jan. 17, 2023 LENGTH: 00:00:53 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt's Ministry of Supply and Internal Trade 2. various of Ali al-Moselhy, Minister of Supply and Internal Trade, speaking in a press conference 3. various of bread baking STORYLINE: The Ministry of Supply and Internal Trade in Egypt said on Monday the government will start selling discounted bread to people not enrolled in its bread subsidy program as it battles accelerating inflation. Minister of Supply and Internal Trade Ali al-Moselhy said citizens will be able to buy 90 grams of loaves at cost price using pre-paid cards, adding the price is yet to be decided but would be less than 1 Egyptian pound (about 0.034 U.S. dollars), with a trial period starting on Wednesday. Moselhy said the measure aims to make this important commodity available without any exaggeration in profits by commercial bakeries. The Egyptian government has already been provid

Egypt's supply ministry on rice supply

STORY: Egypt's supply ministry on rice supply DATELINE: Dec. 25, 2022 LENGTH: 00:01:04 LOCATION: Cairo CATEGORY: SOCIETY SHOTLIST: 1. various of Egypt's Ministry of Supply and Internal Trade 2. various of Ali al-Moselhy, Minister of Supply and Internal Trade, speaking in a press conference 3. various of farmers working in the field 4. various of people delivering rice bags 5. various of foods for sale in a store STORYLINE: The Ministry of Supply and Internal Trade in Egypt offered large quantities of white rice at outlets for 14.5 Egyptian pounds per kilogram, as well as subsidized rice at 10.5 pounds. According to a news report published by local media Youm7 on Saturday, Minister of Supply and Internal Trade Ali al-Moselhy emphasized that each farmer who owns a crop of rice and barley produced locally this season must hand over a ton for each acre to the marketing authorities. A few days ago, the minister told President Abdel Fattah el-Sisi in a meeting that Egypt's strategic reserves of rice, wheat, su

Egypt to set "fair price" for basic goods

STORY: Egypt to set "fair price" for basic goods DATELINE: Dec. 19, 2022 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the exterior of Egypt's Ministry of Supply and Internal Trade in Cairo 2. Egypt's Minister of Supply and Internal Trade Ali al-Moselhy accepting media interview 3. various of goods in a supermarket and customers doing shopping STORYLINE: Egypt's Supply and Internal Trade Ministry said on Sunday it had formed a committee to set "fair price" for 10-15 strategic and basic commodities after annual inflation reached five-year highs. While the statement said prices were not compulsory except for rice, it stated there would be inspections of stores across the country and possible legal action against those who do not adhere to the prices. Egypt's annual headline inflation hit 18.7 percent in November, according to official data, while core inflation, which strips out more volatile items, reached 21.5 percent. On Friday, the International Monetary Fund approved a 46

63,000 tonnes of wheat from Romania arrive at Egypt's Safaga port

STORY: 63,000 tonnes of wheat from Romania arrive at Egypt's Safaga port DATELINE: Aug. 22, 2022 LENGTH: 00:00:51 LOCATION: Cairo CATEGORY: SOCIETY/ECONOMY SHOTLIST: 1. various of an Egyptian port 2. various of wheat STORYLINE: Egypt General Authority of Red Sea Ports announced on Sunday that 63,000 tonnes of wheat, coming from Romania, arrived at Safaga port, located 53 km south of Hurghada. Early in August, Egyptian Minister of Supply and Internal Trade Ali al-Moselhy said the strategic reserve of wheat can cover domestic consumption for 7.2 months. Moselhy said that the ministry succeeded in getting 2.7 million tonnes of wheat from different countries during the Russian-Ukrainian crisis, including France, Romania, and Bulgaria. In recent years, Egypt has imported nearly 80 percent of its grain from Russia and Ukraine through the Black Sea due to its high quality and competitive prices. Annually, Egypt spends tens of billions of pounds to secure nearly 20 million tonnes of local and imported wheat,