Photo courtesy of Egypt's cabinet
The remarks came after the Central Crisis Management Committee, chaired by Prime Minister Mostafa Madbouly, met on Monday to review steps taken to contain the repercussions of escalating regional conflicts and their impact on Egypt’s economy.
Cabinet spokesman Mohamed ElHomosany said the government is closely tracking developments and their effect on economic targets, adding that efforts are underway to absorb and mitigate external shocks.
“All rationalization decisions are still being implemented,” ElHomosany said, noting that measures such as remote working remain in force as part of a broader plan to curb energy consumption.
He added that the government could introduce additional measures if needed to address rising energy costs, saying any further steps would aim to ease the financial burden associated with higher fuel and electricity prices.
The committee also reviewed feedback from private sector representatives, who called for revisiting earlier measures due to their economic impact, particularly on the tourism sector, ElHomosany stated.
Following a reassessment of policy outcomes, including their effects on business activity, energy savings, and tourism demand, the committee agreed to adjust certain measures while maintaining the overall framework for reducing consumption.
Senior officials, including Central Bank Governor Hassan Abdallah, Health Minister Khaled Abdel-Ghaffar, Electricity Minister Mahmoud Essmat, and Finance Minister Ahmed Kouchouk, attended the meeting.
Discussions also covered developments in the US-Israeli war on Iran and their economic implications at the regional, global, and domestic levels.
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