Latest from Middle East
Middle East
2 days ago
- Business
- Middle East
OPEN// PM reassures citizens on commodity availability
CAIRO, June 18 (MENA) - Prime Minister Mostafa Madbouli reassured citizens on Wednesday of the availability of a safe and sufficient strategic stockpile of various essential goods. He noted, citing the minister of supply and internal trade, that the strategic reserves of key commodities are secure and reassuring. He also emphasized the government's ongoing efforts to ensure the availability of adequate petroleum products amid "escalating events" to guarantee the continued operation of power stations across the country. The premier's remarks came while chairing the first meeting of the Crisis Committee that was dedicated to monitoring the repercussions of the Iranian-Israeli military operations. The meeting was attended by several ministers and senior officials in the state. Madbouli underlined the continued importance of implementing power-saving measures, instructing all government bodies to strictly adhere to energy conservation protocols. Madbouli said the formation of this committee aims to monitor developments related to the Iranian-Israeli conflict and assess their impact on domestic affairs. He further announced that a meeting of the Committee for Market Regulation and Commodity Prices would be held soon to monitor commodity prices, work on market stabilization, and support ongoing efforts to reduce inflation rates. Cabinet Spokesperson Mohamed el Homsani stated that the meeting reviewed various potential scenarios related to the escalation of the Iranian-Israeli military conflict, including the possibility of rising global prices, especially of petroleum products. (MENA) Y R E/S R E
Middle East
2 days ago
- Politics
- Middle East
OPEN// PM: Sisi warned early of regional war risk
CAIRO, June 18 (MENA) – Prime Minister Mostafa Madbouli said President Abdel Fattah El Sisi warned early that the conflict in the region could escalate into a wider war involving multiple parties. In press statements after the weekly cabinet meeting, Madbouli stated that the current regional escalation and the war in Gaza pose serious threats to regional and global stability. Without a just and lasting resolution, specifically a two-state solution recognizing Palestinian rights, the risk of dangerous consequences would grow, he warned. Once the war erupted, Egypt responded immediately by holding an emergency meeting to secure national needs and later formed a crisis committee chaired by the Prime Minister. The committee continues to monitor developments and plans for potential scenarios. Madbouli confirmed Egypt has a strategic reserve of essential goods, including wheat, covering more than six months. He said the government now focuses on securing the needs of the domestic market and protecting the economy from the effects of prolonged conflict. (MORE) H A T/S R E
Middle East
2 days ago
- Business
- Middle East
OPEN// FM lauds interest of Higher Education Ministry in opening branches of universities abroad
CAIRO, June 18 (MENA) - Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty commended the ongoing cooperation between the Foreign Ministry and the Ministry of Higher Education and Scientific Research. He lauded the interest of the Ministry of Higher Education and Scientific Research in opening branches of Egyptian universities abroad, including Cairo and Alexandria universities. He said this will contribute to promoting Egypt's position abroad and enhance cooperation between Egyptian universities and other educational institutions abroad. Abdelatty made the remarks during a meeting on Wednesday with Minister of Higher Education and Scientific Research Ayman Ashour. The two sides reviewed coordination between the two ministries with regard to the agreements, programs and MoUs signed between Egypt and other countries in the field of higher education. The talks also tackled means of offering all needed support for Egyptian students abroad via Egyptian embassies and consulates as well as benefiting from those specialized in various domains in serving the march of national development. They also touched on the pivotal role of the Egyptian cultural offices abroad in furthering cooperation with various countries via students exchange programs in addition to promoting the link between Egyptian expats and their homeland. (MENA) M N E/R G E
Middle East
2 days ago
- Business
- Middle East
OPEN// Cabinet holds weekly meeting to tackle important files
CAIRO, June 18 (MENA) - Prime Minister Moustafa Madbouli chaired the Cabinet 's meeting on Wednesday to discuss a number of political, economic, social and other files on the government's agenda. The meeting, convened in the New Administrative Capital, includes a review of the implementation mechanisms for the presidential directives assigned to the government, with a focus on ensuring their effective execution within appropriate timeframes. It will review a broad array of priority issues, most notably the outcomes of the Prime Minister's visit to a number of developmental and public service projects in Beheira governorate. It will also follow up on progress made in implementing the directives of President Abdel Fattah El Sisi concerning fulfilling citizens' needs, intensifying efforts to curb inflation, and expanding the public spending in the sectors of healthcare, education, and social protection. The Cabinet will also discuss the ongoing measures aimed at stabilizing market dynamics and ensuring the sustained availability of essential commodities, in parallel with reviewing the progress of national projects nationwide. The meeting will also address social protection strategies targeting vulnerable groups, the advancement of education and healthcare services, and the reinforcement of inclusive social welfare frameworks. The discussions will focus on advancing comprehensive development, promoting investment, expanding exports, and localizing industry, all within the strategic framework of Egypt's Vision 2030. The Cabinet is scheduled to follow up on previously adopted measures concerning investment, industrial development, export promotion, agricultural expansion, and the allocation of industrial land to investors. It will also monitor the progress of social protection frameworks, ongoing tax policy reforms, the development of various governmental sectors, and efforts to support low-income citizens and ensure the provision of essential public services. (MENA) R R N/R G E
Middle East
2 days ago
- Politics
- Middle East
OPEN// Madbouli: Egypt possesses stocks of strategic goods meeting consumption needs
CAIRO, June 18 (MENA) - Prime Minister Mostafa Madbouli affirmed that Egypt possesses strategic reserves of essential commodities sufficient to meet domestic consumption needs. Madbouli reassured citizens about the availability of various goods in the markets. emphasizing that the government promptly took action to address the implications of the current crisis on multiple fronts, particularly regarding fuel supplies and the enhancement of the country's stockpile of all basic strategic goods. This came during Madbouli's chairing of the weekly Cabinet meeting Wednesday, to discuss a number of issues and files. At the beginning of the meeting, the Prime Minister addressed the worsening situation and growing tensions in the region over the past few days, reiterating Egypt's firm rejection of any expansion of the conflict in the region. He stressed the urgent need to stop Israeli military operations across various regional fronts, warning that continued escalation would have severe consequences for all the peoples of the region—without exception—as well as for the entire world. Madbouli noted that President Abdel Fattah El Sisi has, in his meetings and phone calls with various world leaders, stressed the importance of the international community playing a more active role in urging regional parties to act responsibly, affirming that peaceful solutions remain the only path to ensuring security and stability in the region. In this context, he referred to a decision he issued to form a "Crisis Committee" under his leadership, tasked with monitoring the repercussions of the Iranian-Israeli military operations, to help prepare for any developments across various sectors. Regarding the domestic impact of the conflict, the Prime Minister stated that he will meet regularly with the committee members. He added that its first meeting will be held today after the Cabinet session. He also pointed out that he is currently intensifying his meetings with various advisory committees to assess the consequences of the recent events and their effects on different sectors of the state. In this regard, Madbouli also urged citizens to be highly mindful of electricity consumption under these exceptional circumstances, stressing the government's commitment to supplying power plants with the necessary fuel to ensure their efficient operation. Madbouli reassured citizens that there is no cause for concern regarding the availability of any basic commodities, as Egypt has strategic reserves that meet domestic demand. He noted that the government continues to monitor developments at all levels and is preparing multiple scenarios to address potential changes, expressing hope that stability would return to the region as soon as possible. (MENA) M O H/R G E
