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The Egyptian Foreign Minister confirmed that Egypt is hosting over 10.5 million refugees from various countries, including Sudan, Yemen, Syria, Iraq, and Eritrea, which imposes significant burdens on the national economy. He pointed out that these pressures come amidst external challenges such as the closure of the Strait of Hormuz, oil prices, and grain supplies. However, the Egyptian economy has demonstrated strong resilience thanks to the economic reform program launched in 2016 under the leadership of President Abdel Fattah El-Sisi. He also predicted that efforts to de-escalate tensions in the region will lead to improved economic conditions both regionally and globally.
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