{"id":578027,"date":"2022-12-13T04:00:19","date_gmt":"2022-12-13T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/"},"modified":"2022-12-13T04:00:19","modified_gmt":"2022-12-13T04:00:19","slug":"building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/","title":{"rendered":"Building Reconciliation Law + a government clampdown on food price hikes leads the talk shows"},"content":{"rendered":"<p><strong>It was another mixed bag on talk shows yesterday<\/strong>, with the talking heads focusing on a warning to shop owners from the cabinet and the ongoing debate over the new Building Reconciliation Law (we have more on the latter in this morning\u2019s news well, above).<\/p>\n<p><strong>All retailers are going to need to start clearly displaying the prices of all their goods<\/strong> under new rules designed to tamp down on food price inflation <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0Lx37gmGLvv2mAabHVEwxGNPwxUuowJyYAw8YM7A3RKWupnoxGdciJjjM3E74cu2tl\">announced<\/a> by Prime Minister Moustafa Madbouly yesterday. Shop owners will need to either price-tag everything or attach labels to the shelves, Assistant Supply Minister Ibrahim Ashmawy told Kelma Akhira\u2019s Lamees El Hadidi yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=wiNlecJONjU\">watch, runtime: 18:09<\/a>). \u201cMadbouly stressed that the state has an iron first to interfere against those who hoard commodities or overprice them,\u201d he said.<\/p>\n<p><strong>A taste of the fist:<\/strong> Regulatory bodies are set to agree on a deadline for retailers and shop owners to abide by the rules, Madbouly said. Anyone who doesn\u2019t comply is at risk of having their shops shut down and their stock confiscated and sold to citizens.<\/p>\n<p><strong>The move is designed to deter traders from hoarding goods and artificially raising prices<\/strong>. The government recently designated rice as a \u201cstrategic commodity\u201d for at least three months under efforts to control prices amid a rising cost of living. Ashmawy said that yesterday\u2019s decision does not amount to price caps though he did not rule out the possibility further down the line. \u201cIt is possible,\u201d he said.<\/p>\n<p><strong>The strongly-worded warning also received coverage <\/strong>from Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=c980JGbnYcM\">watch, runtime: 5:05<\/a>) and Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=nw3bocw_3ko\">watch, runtime: 4:07<\/a>).<\/p>\n<p><strong>The search for greenbacks:<\/strong> Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=8XnH-h0VOzE\">watch, runtime: 5:13<\/a>) and Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=OP5OKC5KSO4\">watch, runtime: 4:25<\/a>) both covered a meeting led by Madbouly yesterday to discuss efforts to replenish the nation\u2019s foreign reserves. El Hadidi noted that Madbouly once again did not specify what the plan entails, yet said took note of Friday\u2019s meeting by the IMF and previous statements by Finance Minister Mohamed Maait on a plan to attract USD 5 bn from developmental partners, an intention to sell USD 1.5-2.5 bn of sukuk, the planned debut CNY-denominated Panda bond issuance and others.<\/p>\n<p><strong>The arrest of fashion blogger Hadeer Atef on charges of fraud also got a mention <\/strong>from Masaa DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=PpyRypPaEkU\">watch, runtime: 10:04<\/a>) and Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=stFl1a9jXs0\">watch, runtime: 5:48<\/a>). Atef and her husband, sister-in-law and husband were charged with fraud through collecting over EGP 1 mn in funds from 16 people who were scammed to believe they own companies operating in auto, real estate and the stock exchange. Atef was accused of promoting such scams to followers on her Instagram.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was another mixed bag on talk shows yesterday, with the talking heads focusing on a warning to shop owners from the cabinet and the ongoing debate over the new Building Reconciliation Law (we have more on the latter in this morning\u2019s news well, above). All retailers are going to need to start clearly displaying [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":578028,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7232],"tags":[104,72,655,182,106,281,100,338],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-economy","tag-enterpriseam","tag-foreign-reserves","tag-inflation","tag-last-nights-talk-shows","tag-moustafa-madbouly","tag-policy","tag-retail","wpautop","entry"],"acf":{"mongo_id":"55e2107c-8f11-4225-9186-947ca7478479","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/260.jpg","photo_position":"above","related_issue":[578007],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Building Reconciliation Law + a government clampdown on food price hikes leads the talk shows - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Building Reconciliation Law + a government clampdown on food price hikes leads the talk shows\" \/>\n<meta property=\"og:description\" content=\"It was another mixed bag on talk shows yesterday, with the talking heads focusing on a warning to shop owners from the cabinet and the ongoing debate over the new Building Reconciliation Law (we have more on the latter in this morning\u2019s news well, above). All retailers are going to need to start clearly displaying [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-13T04:00:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/260.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Building Reconciliation Law + a government clampdown on food price hikes leads the talk shows\",\"datePublished\":\"2022-12-13T04:00:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/\"},\"wordCount\":446,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/260.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterpriseAM\",\"foreign reserves\",\"inflation\",\"LAST NIGHT\u2019S TALK SHOWS\",\"Moustafa Madbouly\",\"policy\",\"retail\"],\"articleSection\":[\"LAST NIGHT\u2019S TALK SHOWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/building-reconciliation-law-a-government-clampdown-on-food-price-hikes-leads-the-talk-shows\/\",\"name\":\"Building Reconciliation Law + a government clampdown on food price hikes leads the talk shows - 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designed to crack down on the spread of unlicensed construction were discussed yesterday by Prime Minister Moustafa Madbouly and other senior officials. Rep. Tarek Shoukry, the deputy head of the House Housing Committee,\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577899,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/last-nights-talk-shows-madbouly-has-a-plan-to-solve-fx-woes\/","url_meta":{"origin":578027,"position":2},"title":"Last Night\u2019s Talk Shows: Madbouly has a plan to solve FX woes","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"It was a slow night on talk shows yesterday \u2014 sans Lamees Hadidi and Amr Adib","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/159.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578568,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/04\/in-seven-hour-grilling-session-mps-take-supply-minister-el-moselhy-to-task-on-food-prices\/","url_meta":{"origin":578027,"position":3},"title":"In seven-hour grilling session, MPs take Supply Minister El Moselhy to task on food prices","author":"enterpriseam admin","date":"4 January 2023","format":false,"excerpt":"Supply Minister Ali El Moselhy\u2019s showdown with MPs dominated the talk shows yesterday. Pundits allocated considerable airtime to a heated, seven-hour long exchange in the House of Representatives yesterday in which majority and opposition MPs teamed up to grill El Moselhy for what they cast as his failure to get\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/67.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562101,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/06\/last-nights-talk-shows-on-6-may-2021\/","url_meta":{"origin":578027,"position":4},"title":"Last Night\u2019s Talk Shows on 6 May 2021","author":"enterpriseam admin","date":"6 May 2021","format":false,"excerpt":"It was covid-19 as far as our eyes could see and our ears could hear on the airwaves last night, especially after Prime Minister Moustafa Madbouly announced yesterday a new set of restrictions to curb the spread of the virus. We have chapter and verse in this morning\u2019s news well,\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550177,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/last-nights-talk-shows-cheep-shots\/","url_meta":{"origin":578027,"position":5},"title":"Last Night\u2019s Talk Shows: Cheep shots","author":"enterpriseam admin","date":"17 October 2022","format":false,"excerpt":"The talking heads were counting chickens last night after both the House of Representatives and Prime Minister Moustafa Madbouly tackled the poultry feed shortage yesterday (more on that in this morning\u2019s Legislation Watch, above).The chairman of the poultry union welcomed the government\u2019s move to release some feed from ports. Farms\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=578027"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578027\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578028"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578027"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578027"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}