Prime Minister Moustafa Madbouli chaired the weekly Cabinet meeting on Thursday reaffirming directives byPresident Abdel Fattah El Sisi to continue improving public services and consolidate market efficiency, while deploying all state mechanisms to stabilise prices and curb speculation.
Madbouli described the regional political climate as highly uncertain, with volatile market sentiment reflecting broader instability. He noted that the government is preparing for multiple scenarios, particularly in light of ongoing pressures on energy markets and financial flows.
Despite early international forecasts suggesting Egypt would be among the most affected economies, recent assessments now place it in the medium-impact category, which he attributed to swift and decisive government action.
The prime minister also pointed to recognition from the International Monetary Fund (IMF), which he said has highlighted Egypt as a model in crisis management, underscoring the resilience of the national economy and its capacity to absorb external shocks.
He stressed continued efforts to secure food supplies, boost agricultural productivity, and maintain strategic reserves of essential goods, describing food security as a matter of national security.
The meeting also reviewed President El Sisi’s talks with the President of Tatarstan, which focused on cooperation in culture, education, tourism, agriculture and industry, including the Russian Industrial Zone in the Suez Canal Economic Area. Madbouli said Egypt is keen to translate these understandings into concrete projects that advance bilateral cooperation.
