rime Minister Moustafa Madbouli chaired the cabinet’s weekly meeting on Wednesday to review key domestic and regional developments, with a focus on the economic and social repercussions of ongoing regional tensions.
Madbouli said current events continue to impose significant challenges at both regional and global levels, with disruptions from Iran war affecting supply chains, global trade, financial markets, and commodity prices.
He stressed that Egypt, under the leadership of President Abdel Fattah El-Sisi, is intensifying efforts with international partners to de-escalate tensions and safeguard regional stability.
The prime minister pointed to a presidential meeting held earlier in the day to review progress on Egypt’s economic reform programme and ongoing work to finalize a post-agreement vision with the International Monetary Fund.
Discussions also addressed the impact of the regional crisis on energy security and global economic stability, with directives to improve economic conditions, enhance citizens’ quality of life, and expand private sector participation.
Madbouly noted the government is closely monitoring developments affecting shipping routes, supply chains, and energy prices.
He also highlighted his participation in the Egypt Energy Show (EGYPES 2026), describing it as a key platform to address the crisis’s impact on the energy sector and to attract further investment, particularly amid opportunities for new discoveries.
On domestic measures, the cabinet reviewed progress in implementing policies to rationalize public spending and reduce fuel consumption, while maximizing the use of renewable energy to mitigate the crisis’s effects.
The cabinet also welcomed the awarding of the Order of Prince Nayef for Arab Security (First Class) to President El-Sisi by the Council of Arab Interior Ministers, in recognition of his efforts to consolidate stability and security across the Arab world.
Additionally, the government approved extended business hours for shops, malls, and restaurants until 11:00 p.m from April 10 to 13, instead of 9:00 p.m, on the occasion of upcoming Christian holidays.
