Khairy Mohamed, Managing Director and Head of the Financial Sector, at Al Ahram Markets, Egyptian joint stock Company, has affirmed that the volume of sales declined to 25%, due to the latest tensions and the instability in Canal Cities.
In his statements to “Amwal Al Ghad”, Khairy said the company is facing a serious problem; representing in increasing the prices that the importers impose on commodities owing to the dollar rise. He referred that the commodities which their price went up are meat, frozen chicken, grains and butter; adding that the company is reducing its profit to protect the prices.
It is worth noting that Al Ahram Markets has decided before to close due to the lawlessness after the 2nd anniversary of the 25 January Revolution, resulting in losing EGP 10 million.
