Egypt PM says immediate measures taken at start of US/Israel war on Iran

Egyptian Prime Minister Mostafa Madbouly said that the government took urgent measures from the first hours of the war to address potential economic repercussions and maintain stability. Read: Fuel price rise expected in Egypt amid Iran war Speaking before the House of Representatives, Madbouly said that the government had prepared for multiple crisis scenarios, adding: “As a government, we considered various scenarios, understood the nature of the war and took economic decisions that contributed to the stability of the Egyptian economy.” Madbouly added: “We are closely monitoring the crisis, thoroughly studying its repercussions and acting swiftly and decisively, while working to mitigate the impact.” Describing the steps taken to absorb the shock, Madbouly said that a crisis committee, including all […]