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Prime Minister leads weekly meeting in New Alamein
During his weekly meeting at the government headquarters in New Alamein City, Prime Minister Mustafa Madbouly discussed the developments in the regional and international situation, with a focus on the tensions in the Middle East and their impact on the global economy, particularly oil prices and maritime security in the Strait of Hormuz. He emphasized Egypt's continued monitoring of these events and efforts to de-escalate tensions through peaceful means in coordination with international parties. He also reviewed the Egyptian economic situation, noting that foreign exchange reserves rose to $56.3 billion by the end of July 2026, an increase of $1.2 billion compared to June. Additionally, he highlighted the signing of three protocols aimed at promoting tourism development, urban expansion, and smart transportation in Egypt. He also praised the national medicine policy, which enhances the security of pharmaceutical supplies and supports industrial expansion.
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