Politics
Madbouly Highlights Declining Inflation, Rising Reserves, and Progress at Dabaa Nuclear Plant
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Madbouly Highlights Declining Inflation, Rising Reserves, and Progress at Dabaa Nuclear Plant
Egyptian Prime Minister Mostafa Madbouly reported improvements in economic indicators and ongoing efforts to secure energy supplies during a press conference.
- Madbouly said inflation has decreased and foreign reserves have increased.
- Madbouly stated he chairs continuous meetings to secure Egypt's energy needs.
- Madbouly announced the installation of the reactor pressure vessel for the second unit at the Dabaa nuclear plant, which is scheduled to begin operation by the end of 2028.
- Madbouly added that Egypt will have four nuclear plants operational by 2030.
Latest developments
- Jul 15 — Madbouly announced that Egypt's foreign exchange reserves have surpassed $55 billion for the first time, an increase of about $2 billion in one month.
Coverage
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