Egypt’s Prime Minister, Mostafa Madbouly, said the state will not allow any manipulation of the prices of essential goods or the deliberate withholding of them from the market, stressing the need to safeguard market stability and protect consumers. Madbouly made the remarks during a meeting on Sunday with Mahmoud Momtaz, head of the Egyptian Competition Authority, to review several of the authority’s work files. During the meeting, Momtaz said the authority had succeeded in developing and launching the Competitive Neutrality Index, a quantitative tool designed to identify obstacles and measure competitive neutrality across various sectors. He noted that the assessments were based on four main pillars: regulatory neutrality, tax neutrality, indebtedness, and public procurement. These indicators aim to ensure that there is no discrimination or administrative burden that could hinder companies’ entry into markets or their expansion within them, in line with the state’s strategy to strengthen competitive neutrality.

Source: Daily News Egypt March 08, 2026 16:16 UTC