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PM  chairs economic group amid regional conflict, remittances surge  

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Home Breaking News

PM  chairs economic group amid regional conflict, remittances surge  

by Gazette Staff
March 24, 2026
in Breaking News, Egypt
PM  chairs economic group amid regional conflict, remittances surge   10 - Egyptian Gazette
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Prime Minister Mostafa Madbouli chaired a meeting of the ministerial economic group on Tuesday evening to review priority economic files as regional military operations continue to affect trade and supply chains.  

Cabinet spokesman Mohamed El Homosany said the meeting stressed coordination to maintain market stability and secure safe levels of strategic goods. The government reaffirmed support for local industry, ensuring access to raw materials and production needs.  

Finance Minister Ahmed Kouchouk highlighted ongoing fiscal reforms to sustain stability and encourage private sector growth, including tax and customs facilities.  

The Central Bank reported a 28.4% rise in remittances from Egyptians abroad between July and January 2025/2026, reaching $25.6 billion. Monthly remittances in January 2026 rose 21% to $3.5 billion.  

Officials confirmed foreign reserves remain at safe levels to cover essential imports and production needs.

Tags: EgyptEgyptians' remittancesPMTop_News
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