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بوابة الشروق
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Madbouly: Rising remittances boost confidence in Egypt economy
Prime Minister Mustafa Madbouly stated that the production of Egyptian medicine is considered part of national security. The government is collaborating with local companies to increase drug production, especially biological medicines and cancer medications, and is working towards establishing a factory to produce raw materials essential for the pharmaceutical industry. He also emphasized Egypt's efforts to strengthen regional stability and support the currency, noting that remittances from Egyptians abroad increased to $34.9 billion between July 2025 and March 2026, with a 29% rise in tax revenues—an indicator of the robustness of the Egyptian economy. These measures are part of the government's broader efforts to support the healthcare and economic sectors and to achieve stability.
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