Named Price Radar, the cabinet revealed in a statement that users will be able to look up and compare prices of items in nearby stores
El Sisi pointed out that one of the main reasons for the foreign currency shortage is because the government pays to provide basic services and commodities in USD while they are sold in the local market in EGP
The session was attended by economic experts and government officials who gave recommendations for integrating the informal economy, developing technical education, and creating legislation that supports the business environment to increase growth and employment
The document revealed that the government expects the EGP to stabilize at EGP 33.45 against the USD in 2024, and see a slight bump to EGP 35.5 by 2025
The document highlighted boosting exports, tourism and Suez Canal revenues, remittances, FDIs, and strengthening the outsourcing sector
