Madbouly announced the steps after chairing a meeting of the government’s Central Crisis Management Committee.
The measures include cancelling some government events, reducing official travel, and limiting training programmes. Authorities will also tighten fuel consumption across sectors, regulate road and billboard lighting, promote public transport use, and accelerate the conversion of vehicles to natural gas.
The government also plans to expand the use of electric vehicles and reduce imports of non-essential finished goods, according to a cabinet statement.
Officials said the steps are intended to help Egypt manage potential economic shocks as energy prices rise and regional markets face growing uncertainty.
Monitoring economic impact
Madbouly said the crisis committee will meet regularly to monitor developments and assess their potential impact on the Egyptian economy.
The government is preparing contingency plans in case the conflict disrupts domestic markets, cabinet spokesman Mohamed El-Homosani said.
The regional escalation began on 28 February, when the United States and Israel launched strikes on Iranian military and nuclear-related sites. Iran responded with missile and drone attacks targeting Israel and US assets in countries across the region.
The confrontation has driven sharp increases in global oil and gas prices and raised fears of wider instability in the Middle East.
Petroleum Minister Karim Badawi told the meeting that prices for petroleum products and natural gas had surged in recent hours, while transport costs had also risen, and several energy fields had been shut down because of the escalation.
He said the government is working to secure sufficient fuel supplies for power plants, industry, and other domestic uses.
Economic risks
Officials also discussed the potential impact of the conflict on key sectors of the Egyptian economy, including tourism and the energy industry.
The government said it will ensure that payments owed to international oil companies continue to encourage further exploration and production.
Madbouly also called for accelerating the government’s state asset sales programme and expanding the role of the private sector to help diversify and boost foreign currency inflows.
The meeting reviewed progress on a social protection package aimed at supporting low-income households. Officials said additional measures, including a potential increase in the minimum wage, could be announced soon.
Regional tensions
At the same time, the prime minister said Egypt strongly condemns repeated Iranian attacks targeting Gulf states, Jordan, and Iraq, reaffirming Cairo’s full solidarity with Arab countries and calling for an immediate halt to the attacks.
“Egypt rejects any violation of the sovereignty, territorial integrity, and security of Arab states,” he said, stressing that the national security of Arab countries is an integral part of Egypt’s national security.
He said Egypt supports Arab states and rejects any violations of their sovereignty, adding that the security of Arab countries is closely tied to Egypt’s own national security.
The regional conflict has already caused casualties and damage in several Gulf states. Airports and airspace in parts of the Gulf were temporarily closed as security alerts intensified.
The escalation has also added volatility to global energy markets and raised concerns about possible supply disruptions.
The conflict has heightened economic risks for countries across the region, including Egypt, which relies on energy imports, tourism revenues, and global trade flows through the Suez Canal. A prolonged escalation could affect fuel costs, foreign currency inflows, and shipping activity in one of the world’s most strategic maritime corridors.
Egyptian officials have stepped up diplomatic contacts with regional and international partners in recent days, calling for de-escalation and a political resolution to the crisis.
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