Eng. Sameh Zaky, Cairo Chamber of Commerce Board member Confirmed that the Decrease in
international oil prices does not affect the price drop in the Egyptian market, pointed out that the
government is the beneficiaries of that because of reducing its subsidies.
Indicating that the government will not cut energy or petroleum products prices, thus the local commodity
prices will remain at a premium.
He noted that the global transport prices «maritime or overland», drops in some countries at a rate of
quarter, By countries not generally, even the global commodity prices drops except in Egypt.
So decline in prices of imported goods in the Egyptian market is due to the local currency in the foreign
face, In confront with foreign currency which didn’t decline for a long time.