Politics
Egyptian PM Outlines Plan to Implement Presidential Directives on Commodity Supply and Price Stability
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Egyptian PM Outlines Plan to Implement Presidential Directives on Commodity Supply and Price Stability
Prime Minister Mostafa Madbouly announced a full executive plan to be submitted within ten days, while reporting a rise in foreign reserves and global oil prices.
- Madbouly said a plan to ensure commodity availability and stabilize prices will be presented to the cabinet within ten days, following President Sisi's directives.
- He stated that the central bank's foreign reserves exceeded $55 billion for the first time in Egypt's history.
- Madbouly noted that global oil prices rose to $85 per barrel after a drop to $72, citing regional tensions.
- He announced that the Alamein International Conference Center will host African and international events in October.
TopicsRegional TensionsMostafa MadboulyAbdul Fattah al-SisiPrice StabilityCommodity Supplyforeign reservesOil PricesEgyptian Economy
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