إعلان خطة تنفيذية لاستقرار الأسعار قريباً في مصر

The Egyptian Prime Minister Mostafa Madbouly announced that the government will soon announce a specific executive plan aimed at achieving price stability and reducing the living burdens on citizens. He pointed out that indicators of the Egyptian economy are showing improvement, and that the government is working to reflect this through lower prices and an improved standard of living.

Madbouly clarified in a press conference today that the government is keen to take its time in making any decisions in light of the return of conflict in the region and rising oil prices, emphasizing the work to secure the necessary financial allocations to ensure a sufficient stock of petroleum products, especially during the summer months. In the food security file, the Prime Minister announced that the government has purchased about 4.9 million tons of wheat since the beginning of the local supply season.

Foreign Reserves

Madbouly revealed that the foreign currency reserve has exceeded for the first time in Egypt's history the level of 55 billion dollars, after rising by about two billion dollars in one month. In the energy sector, Madbouly confirmed: "We are in the middle of summer, and the situation is stable despite the current fluctuations," noting his weekly follow-up with the Minister of Electricity regarding the implementation status of new and renewable energy projects, stressing the need to expedite their operation due to their role in reducing the import of traditional fuel and petroleum products. He pointed out that work is ongoing at the El-Dabaa nuclear power plant, where the core of the second reactor has been installed.