Madbouly on Supply Crisis

Egyptian Prime Minister Mostafa Madbouly chaired a meeting of the Central Committee for Crisis Management to discuss the repercussions of the regional escalation and prepare for possible scenarios, with a focus on securing essential goods and petroleum products and maintaining market stability. The government announced that its price-reduction initiative covers 30 goods, with discounts ranging from 15% to 25%. The country’s strategic reserves of goods are sufficient to meet domestic needs for an average of up to six months. The government is also working on a plan to rationalize public spending and reduce fuel and energy consumption without disrupting production or affecting essential services.

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