A number of stories got attention on the airwaves over the weekend, with the fuel price hike leading the conversation.
Don’t blame the fuel pricing committee for the latest price hike, as it was put forth by specialists from the oil and finance ministries based on the price of Brent crude and global market trends, Oil Ministry spokesperson Hamdi Abdel Aziz told Yahduth Fi Masr’s Sherif Amer (watch, runtime: 3:36 | 3:07 | 2:12). We have the full story in the news well, above.
Potato prices have soared to record highs, reaching EGP 28-30 per kg, vice president of the Federation of Egyptian Chambers of Commerce’s vegetables division Hatem El Naguib told Yahduth Fi Masr’s Sherif Amer (watch, runtime: 4:56). “There is a significant gap between supply and demand in the market, which is expected to last until November with the start of the new harvest season,” El Naguib said. He pointed to the need to introduce potato export restrictions, which could reduce prices to EGP 20-23 per kg. Farmers’ Syndicate head Hussein Abu Saddam told Amer (watch, runtime: 6:40) that the issue stems from a shortage of potato seeds.
ALSO- A massive fire broke out in a clothing warehouse in Attaba on Friday. The fire lasted for 18 hours and resulted in one death, multiple injuries, and mns of EGP in damages. Salat El Tahrir had the story (watch, runtime: 10:35).