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PM: Economic transformation bid to drive resilient, growth

August 19, 2026
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Home Late Night Roundup

PM: Economic transformation bid to drive resilient, growth

by Gazette Staff
August 19, 2026
in Late Night Roundup
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Prime Minister Moustafa Madbouli affirmed on Wednesday that the government, in full coordination with the Central Bank of Egypt, is accelerating preparations for the National Economic Transformation Programme, developed at the direction of President Abdel Fattah El Sisi to reflect the State’s economic priorities for the coming phase.

Madbouli was chairing a meeting, attended by senior state and government officials, to review the latest developments in preparing the programme.

PM: “Productive Village” initiative to leverage local resources, create sustainable jobs

Prime Minister Moustafa Madbouli stressed on Wednesday the importance of the “Productive Village” initiative in leveraging the resources and capabilities available in each village and identifying its comparative advantages.

He called for developing existing activities, crafts and industries, improving product quality, and providing training, financing, technical and marketing support to create added value and open new markets.

EDA maintains WHO Maturity Level 3 status for medicines, vaccines

The Egyptian Drug Authority (EDA) has maintained its African leadership at Maturity Level 3 (ML3) for the regulation of medicines and vaccines following a follow-up visit by a World Health Organisation (WHO) expert team last week.

The visit, held under ongoing EDA-WHO cooperation, reviewed updates to Egypt’s regulatory framework and the Authority’s development and improvement efforts in line with the WHO Global Benchmarking Tool (GBT).

UAE’s financial embargo on Iran puts rivalry back in spotlight

The United Arab Emirates’ decision to suspend all financial and economic transactions with Iran until further notice, citing a military escalation by Tehran with a missile threat, has refocused the spotlight on fraught ties between the major Gulf Arab oil producer and Iran.

The UAE, a close US ally and regional power, was the Gulf state most heavily hit by Tehran during the early stages of the Middle East war. However, the last reported attack on UAE soil was the May 4 strike on Fujairah port, a key oil export hub.

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The officers stopped the attack and arrested him, according to a police report. It was the kind of assault police might encounter on almost any night in almost any city.

Tags: MadbouliPMSisiTrumpUAEworld
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