CAIRO – 11 March 2026: The Central Crisis Management Committee held a meeting on Wednesday, chaired by Prime Minister Dr. Mostafa Madbouly, to discuss the ongoing repercussions of military escalation in the region.
The meeting was attended by a broad range of senior officials, including Hussein Eissa, Deputy Prime Minister for Economic Affairs; Hassan Abdullah, Governor of the Central Bank; Ahmed Kouchouk, Minister of Finance; Sherif Fathy, Minister of Tourism and Antiquities; Sherif Farouk, Minister of Supply and Internal Trade; Badr Abdel-Aty, Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad; Karim Badawy, Minister of Petroleum and Mineral Resources; and Mohamed Farid, Minister of Investment and Foreign Trade.
Also present were Diaa Rashwan, Minister of State for Information; Ahmed Rostom, Minister of Planning and Economic Development; Khaled Hashem, Minister of Industry; Colonel Dr. Bahaa Ghanem, Executive Director of the Future of Egypt for Sustainable Development Authority; and various officials from relevant ministries and agencies.
Cabinet Spokesperson Mohamed El-Homsany stated that the meeting reviewed measures taken to rationalize spending across various government agencies and bodies.
These actions are part of a broader framework of policies implemented to address the impact of the escalating regional military situation—stemming from operations involving the US, Israel, and Iran—which has significantly affected global supply chains.
During the meeting, it was noted that governorates and new cities have begun implementing the Prime Minister's directives regarding electricity conservation. These measures involve switching off streetlights on main roads and at governorate boundaries to reduce energy load.
Furthermore, the government is rationalizing consumption in all official buildings and facilities during working hours, with a strict mandate to switch off all internal and external lighting once the workday ends. In residential areas, street lighting in towns, cities, neighborhoods, and affiliated villages is being reduced by at least 50% during nighttime hours.
Spokesperson El-Homsany added that the Governor of the Central Bank confirmed the availability of necessary funding to secure basic commodities and production requirements for various economic sectors.
The Governor emphasized that these measures ensure the continuity of production processes and noted that foreign currency reserves remain at safe and reassuring levels.
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