Egyptian PM Outlines Plan to Implement Presidential Directives on Commodity Supply and Price Stability

Prime Minister Mostafa Madbouly announced a full executive plan to be submitted within ten days, while reporting a rise in foreign reserves and global oil prices.

• Madbouly said a plan to ensure commodity availability and stabilize prices will be presented to the cabinet within ten days, following President Sisi's directives.
• He stated that the central bank's foreign reserves exceeded $55 billion for the first time in Egypt's history.
• Madbouly noted that global oil prices rose to $85 per barrel after a drop to $72, citing regional tensions.
• He announced that the Alamein International Conference Center will host African and international events in October.