Saturday, March 7, 2026

Price-gouging in Egypt

Under the category of "now I've heard everything," Egypt is considering giving military courts jurisdiction over civilian price-gouging. Of course.

Excerpt:

Egypt President Abdel Fattah al-Sisi said on Friday he has instructed officials to study the possibility of referring those who manipulate commodity prices to military courts, describing the current economic climate as a “state of near-emergency.” 

Speaking during an Iftar event organised by the Egyptian Military Academy, Sisi warned against the exploitation of global and regional circumstances to raise prices or manipulate the needs of the public. “Rest assured that, by the grace of God, we are fine,” the president said, while urging citizens to continue exercising responsibility and understanding based on study and facts.

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