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Tuesday, 14 June 2016

Traders not pleased with El Sisi’s request that they take pity on the people

Goods and commodities traders and storeowners are not too happy with President Abdel Fattah El Sisi’s request that they take pity on the people and keep prices low, a request the president made during the state iftar ceremony on Saturday. They feel the president effectively placed the onus (and, inadvertently, the blame) on them for the recent spike in inflation during Ramadan. Traders speaking to Al Mal blamed the devaluation, supply shortages, and a lack of proper market regulation for the inflation.

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