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الشورى
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PM Chairs Crisis Panel
Egyptian Prime Minister Mostafa Madbouly chaired a meeting of the Central Committee for Crisis Management in the New Administrative Capital on Monday, November 2, 2026, to review the impact of geopolitical developments in the region on markets and the government’s preparations for possible scenarios. Measures include increasing commodity stockpiles and curbing government spending and consumption of fuel and energy, as well as drawing up a plan to sustain economic activity and ensure financing for essential goods and petroleum products. The Ministry of Supply said its price-reduction initiative covers 30 commodities, with discounts of 15–25%. It added that strategic reserves are sufficient for an average of six months, with new contracts in place to replenish them.
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