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المصري اليوم
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المصري اليوم

2026-10-31T01:01:27.000Z

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Hadidy urges thrift

Hadidy urges thrift

Lamees El Hadidi described the global economic turmoil as a “tsunami,” noting that the price of a barrel of oil had reached $117 and warning of the consequences if it rose to $120. She said it was difficult to predict how the crisis would unfold or when it would end. She urged citizens to curb spending and postpone purchases of nonessential goods, and stressed that the state must cut its spending and seek new sources of foreign currency to reduce its reliance on hot money and interest-rate trading. She added that attention was turning to November 3, as people awaited further economic developments.

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