Egyptian Prime Minister Mostafa Madbouly announced Monday a series of measures to control public spending and the use of the US dollar amid Egypt’s economic crisis, including restrictions on non-essential travel for members of government.
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Egypt Postpones Non-Essential Projects to Save Foreign Currency
Egypt’s Prime Minister Mostafa Madbouly ordered on 9 January 2023 the postponement of any unstarted projects that require foreign currency until the end of the fiscal year (FY) in June in order to cope with shortages in foreign currency and rising inflation.
‘Egypt is fine!’
Abdel Fattah Al-Sisi has fascinated us with his astonishing skill in lying and claiming the opposite of what the country has experienced since he seized power in the July 2013 coup. The man lectured us recently on his great achievements, which would not have happened without what he described as …
Egypt to Impose Energy Use Restrictions
Egypt’s Prime Minister Mostafa Madbouly announced on Tuesday 9 August the government’s plan to rationalise energy consumption nationwide as a means of redirecting natural gas towards exports to net foreign currency.
Egypt looks to Somalia for more influence in Red Sea, Nile dam dispute
Egyptian Prime Minister Mostafa Madbouly attended June 9 the inauguration ceremony of Somali President Hassan Sheikh Mohamud in the capital Mogadishu, in a rare visit by an Egyptian official of this caliber for several years.
PM stresses importance of Armed Forces Engineering Authority’s projects
Prime Minister Mostafa Madbouly asserted on Monday the importance of service and development projects, carried out by the Engineering Authority of the Armed Forces in all governorates.
State lays out plan to exit specific economic sectors over coming 3 years, boost private sector role
The government has laid out a plan to withdraw its arm from select sectors of the economy, including large swaths of agricultural and livestock production, construction industries and hospitality.
Egypt PM expropriates hotel in Cairo to secure President Sisi’s motorcade
Egypt’s prime minister issued a decree on Tuesday expropriating a hotel in the upmarket Heliopolis district, east of the capital Cairo, to secure the daily route of President Abdel Fattah el-Sisi’s motorcade.
Egypt affirms its keenness to reach a legally binding agreement on GERD operation: PM
Egypt affirms its keenness to reach a legally binding agreement on filling and operating the Renaissance Dam that achieves common interests, Prime Minister Mostafa Madbouly said, on the official page of the Cabinet on Facebook.
Egypt taking more steps to rationalising water usage
Egyptian Prime Minister Mostafa Madbouly stressed the need to urge citizens to rationalising water consumption.