Egypt’s Sisi Warns Price Manipulators Can Be Referred to Military Courts

2026-03-05 - 21:43

Egyptian President Abdel Fattah el‐Sisi has instructed authorities to examine the possibility of referring individuals who manipulate prices to military courts, warning against exploiting the current regional situation to raise costs for consumers. The remarks came during a Ramadan iftar event hosted by the Egyptian Military Academy, attended by Prime Minister Mostafa Madbouly, senior military leaders, ministers, media figures, and students from military colleges. During his speech, Sisi addressed the ongoing tensions and conflict in the Middle East, saying Egypt had worked to prevent escalation because wars bring “destruction, devastation, and harm to the interests and capabilities of peoples.” He added that Cairo continues efforts to mediate and stop the fighting, warning that a prolonged conflict would come with a “heavy cost.” The president also acknowledged that the regional crisis could have economic consequences, including potential impacts on prices in Egypt. He urged citizens to remain responsible and rely on an informed understanding of the situation. Sisi stressed that authorities must ensure that traders or businesses do not exploit the current circumstances to manipulate or inflate prices of essential goods. He said the government is studying legal measures, including... This content is for members only. Visit the site and log in/register to read.