Egypt s Prime Minister Mostafa Madbouly. Al-Ahram
Speaking at a government press conference, Madbouly said the government was taking exceptional measures to cushion the economy from the conflict's impact, which has disrupted global supply chains and pushed up energy prices.
“Egypt has been keen from the beginning to exert every effort to avoid the war taking place in the region, recognizing its grave repercussions,” Madbouly said.
“We cannot predict the duration of this war,” Madbouly said, warning that the fighting had already caused disturbances in international supply chains, particularly in the energy sector.
Madbouly said authorities were tightening oversight of domestic markets and would act against attempts to hoard goods or manipulate prices. Serious violations could be referred to military prosecution under presidential directives, he said.
The government has been closely monitoring the economic impact of the war, which began on 28 February and has driven volatility in global energy markets and shipping routes across the Middle East.
For Egypt, a major importer of fuel and food, the conflict raises concerns about higher energy costs, supply disruptions, and inflation.
Madbouly said the government was also working to ensure adequate energy reserves for electricity generation, industry, and household consumption.
“We are keen to maintain sufficient energy stocks to meet the requirements of electricity production, the industrial sector, and household consumption,” he said.
The prime minister also announced temporary social support measures for low-income households.
Families benefiting from the ration card system or the Takaful and Karama cash-transfer programme will receive an additional EGP 400 per month for two months until Eid Al-Adha, he said.
Madbouly added that the government would continue its economic reform programme despite the current crisis.
He said the draft state budget for the coming fiscal year would be presented soon to Abdel-Fattah El-Sisi and would include planned wage increases.
Madbouly also reiterated Egypt’s condemnation of attacks targeting Arab states and warned against attempts to draw them deeper into the widening regional conflict.
The government has activated its Central Crisis Management Committee to assess the economic impact of the war and coordinate responses between economic ministries and the central bank.
Officials say Egypt maintains strategic reserves of key commodities and energy supplies as authorities seek to stabilize markets and protect vulnerable households from rising prices.
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