Cairo:Prime Minister Mostafa Madbouly chaired a meeting of the Central Crisis Management Committee to address escalating geopolitical tensions in the region and their potential impact on Egypt's economy, global markets, and the availability of essential goods. The meeting was held at the government headquarters in the New Capital, focusing on rising international prices, disruptions to global supply chains, and the need to secure reserves of critical resources.

According to State Information Service Egypt, Madbouly instructed relevant authorities to increase strategic reserves of food commodities and petroleum products to ensure their availability amid regional uncertainty. The committee reviewed existing stocks of essential commodities, medicines, medical supplies, and fertilizers, confirming that current strategic reserves remain at safe and sufficient levels.

Madbouly emphasized accelerating measures to boost Egyptian exports, following recommendations from the Egypt Forum 2026. This includes updating the export rebate program, increasing financial assistance for promising sectors, and allocating more funding to support shipping to target markets. These measures aim to enhance the competitiveness of Egyptian products and help exporters expand internationally.

The committee discussed plans to expand solar energy use and accelerate the transition to renewables, targeting nearly 30 gigawatts of installed capacity by 2028. They assessed the economic consequences of geopolitical tensions, particularly on international energy markets, trade routes, and supply chains, noting impacts on transport, shipping costs, and production expenses.

Cabinet spokesperson Mohamed Adel highlighted that rising global prices for food, fuel, and essentials were increasing inflationary pressures, affecting production costs and commodity prices. Countries heavily reliant on imports are especially vulnerable. The meeting underscored the importance of monitoring international markets to ensure Egypt's preparedness for future disruptions.

Madbouly called for continued coordination among government ministries and relevant authorities to protect essential commodities and strengthen Egypt's response to economic challenges. The meeting included Deputy Prime Minister for Economic Affairs Hussein Eissa, several Cabinet ministers, senior Central Bank officials, and representatives from the Armed Forces and Foreign Ministry.