GFM Network News

Egypt to ration subsidized bread in high-stakes move

Egypt plans to start rationing subsidized bread, a minister said on Tuesday, taking a risky step to curb the budget deficit by restricting supplies of cheap loaves vital to the poor. The government will start rationing “after two months,” Supply Minister Bassem Ouda said. Trials of a rationing system using electronic smart cards will begin

Egypt bakers threaten strikes to protest missed payments

Reuters / Egyptian bakers are threatening strike action unless the government meets demands including back payment of financial incentives, raising the prospect of fresh unrest in the crisis-ridden north African country. Abdullah Ghorab, head of the bakers’ association which represents 25,000 private bakeries across the country, said imminent strike action has been postponed following a