Egyptian Prime Minister Mostafa Madbouly
"What is being said regarding 'Greater Israel' is being closely monitored and studied to develop various countermeasures to address the issue," Madbouly told a briefing with the editor-in-chiefs of Egyptian newspapers and news websites on Tuesday.
Madbouly stressed that “under no circumstances will Egypt allow the displacement of Palestinians or the liquidation of the Palestinian cause.”
He further affirmed that Egypt has clear plans in place to deal with any potential repercussions from developments in the Palestinian territories.
All state institutions and ministries are preparing for multiple scenarios, he said.
“There are emergency plans for the Ministries of health, supply, and others to ensure basic needs for our Palestinian brothers are met in the event of new developments.”
On the economic front, the prime minister acknowledged that regional and global instability inevitably affects markets and investments.
“Foreign investment is sensitive to conflict, even when domestic conditions remain stable,” he explained.
Madbouly added that Egypt’s economic outlook already incorporates a conservative and pessimistic scenario to navigate global challenges.
He stressed that the continuation of current reform measures will make Egypt’s economy stronger and more stable within the next two to three years, despite pressures stemming from international factors such as fluctuating energy prices.
Madbouly's remarks came hours after the Israeli launch of a long-anticipated ground assault on Gaza City before dawn, unleashing a massive bombardment as troops moved into the territory's largest urban hub to cleanse the city of 1.2 million residents ethnically.
The assaults started hours after the Emergency Arab-Islamic summit held in Doha.
The gathering followed the Israeli attack in the Qatari capital last week, targeting a residential building that was housing senior Hamas negotiators engaged in ceasefire talks on 9 September.
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