New Capital:Prime Minister Moustafa Madbouli chaired a meeting of the Central Crisis Management Committee at the government headquarters in the New Capital. The meeting focused on the monitoring of escalating regional geopolitical developments and their potential impact on local and global markets.

According to State Information Service Egypt, several key officials attended the meeting, including Hassan Abdalla, Governor of the Central Bank of Egypt; Mahmoud Esmat, Minister of Electricity and Renewable Energy; Ahmed Kouchouk, Minister of Finance; Sherif Farouk, Minister of Supply and Internal Trade; Alaa El-Din Farouk, Minister of Agriculture and Land Reclamation; Karim Badawi, Minister of Petroleum and Mineral Resources; Diaa Rashwan, Minister of State for Information; Ahmed Rostam, Minister of Planning and Economic Development; and Khaled Hashem, Minister of Industry, along with other senior state officials.

The Prime Minister emphasized the government's efforts to prepare for various scenarios in the region, aiming to reduce the impact of potential crises. These efforts include increasing stockpiles of goods to secure citizens' needs and rationalizing government spending and consumption of fuel and energy to maintain essential services.

The Ministers of Finance and Planning presented a proposal for rationalizing government expenditure and maximizing public resource efficiency in response to rapid regional and international developments. They highlighted the importance of continuing economic activities and ensuring financial provisions for essential commodities and petroleum products.

Minister Sherif Farouk reviewed initiatives to increase strategic reserves of basic commodities and efforts to reduce their prices. The initiative includes 30 items offered at discounts of 15% to 25% compared to external market prices, available through numerous outlets across the Republic. He confirmed a strategic reserve sufficiency for six months, with some commodities exceeding this duration, and new contracts to enhance stockpiles.