Mostafa Madbouly
This decision comes in response to directives from President Abdel-Fattah El-Sisi earlier this week to reassess the agreement to alleviate the strain on citizens as Egypt grapples with economic hurdles, including inflation and high debt.
These adjustments reflect significant increases since the beginning of the year, with diesel prices rising by 63 percent and octane prices by over 30 percent.
Madbouly provided updates following a recent government meeting, highlighting key developments in Egypt's economic outlook and its strategic relationship with Saudi Arabia.
Madbouly emphasized that the negative repercussions due to the dam threatens to increase social and economic tensions, potentially leading to displacement and migration, and exacerbating illegal immigration across Egyptian borders
PM Madbouly delivered a recorded speech, stating that this occasion reflects the strong national political will and the steadfast commitment of Egypt in combating the serious challenge of illegal migration
Madbouly highlighted that his visit to Luxor will include tours of educational and health facilities, reflecting the state’s genuine interest in these sectors.
Madbouly highlighted Egypt’s focus on its national security capabilities, including military, political, economic, and social security
This project, situated in the Developers Zone of Sadat City in the Monufia Governorate, will focus on flax production, spinning, and weaving, spanning approximately 52,000 square meters.
"This is an achievable dream," Madbouly remarked during a press conference on Wednesday.
Speaking at the Cabinet meeting, Madbouly underscored that these initiatives are poised to leverage promising investment prospects in Egypt, fostering economic growth and amplifying Egyptian exports.
Sisi ordered continued enhancement of the capability of the national network to accommodate the expected increase in consumption
The discussions centered on adjusting carbon limits to enhance the competitiveness of Egyptian exports.
Egypt's pharmaceutical sector has experienced substantial expansion in recent years. With the addition of 15 new factories in the past three years, the total number of such facilities now stands at 172
Egyptians are watching for updates as the government plans to issue a final report regarding a sudden surge in gastroenteritis cases reported in hospitals in Upper Egypt’s Aswan within 48 hours.
Madbouly stated that power outages will not reoccur as the necessary shipments have been secured to ensure uninterrupted supply
Key aspects of the green data center project and its objectives were deliberated during the session.
Although specific details about the investment areas and deployment timeline remain undisclosed, this move represents a significant advancement in bolstering economic cooperation between the two countries
Madbouly emphasized the government’s commitment to resolving these issues by the end of 2024 and highlighted the ongoing efforts to facilitate smoother interactions with Saudi investors.
Madbouly emphasized the government’s commitment to resolving these issues by the end of 2024 and highlighted the ongoing efforts to facilitate smoother interactions with Saudi investors.
During the meeting, Madbouly underscored the expansive investment partnership between Egypt and Saudi Arabia, emphasizing its role in delivering substantial economic benefits to both countries.
