Prime Minister Mostafa Madbouly explained that the recently announced hikes in fuel prices are a proactive measure to ensure continuous operations of the Egyptian economy and production.

Prime Minister Mostafa Madbouly announced a package of social and economic measures to stabilize Egypt's economy and the interests of its citizens amid escalating tension in the region, according to a statement.

Prime Minister Mostafa Madbouly held talks with Minister of Finance Ahmed Kouchouk to review the initial estimates for the fiscal year (FY) 2026/2027 draft budget.

Egypt is planning to add 2,500 megawatts (MW) of renewable energy capacity to its national electricity grid before next summer, said Spokesman for the Presidency Mohamed El-Shennawy.

Prime Minister Mostafa Madbouly revealed that the new minimum wage is likely to be announced along with the state budget, scheduled for release at the end of March 2026.

The Egyptian government has decided to adopt a flexible exchange rate system as part of its economic reform agenda, ensuring the currency’s value reflects market supply and demand.

Prime Minister Mostafa Madbouly said Egypt is fully prepared for all scenarios amid regional war, affirming that the government is working on a comprehensive plan to ensure uninterrupted power supply

Prime Minister Mostafa Madbouly reviewed Norway-based renewable energy company Scatec’s projects and future plans in Egypt.

Egypt’s reserves of essential food commodities are sufficient to meet demand for several months, Minister of Supply Sherif Farouk affirmed.

Prime Minister Mostafa Madbouly has issued Decree No. 443 of 2026 appointing Hamdi Mahmoud Badawi as Assistant to the Head of the Financial Regulatory Authority (FRA).

The Egyptian House of Representatives held a plenary session on Tuesday, February 10th, to consider a cabinet reshuffle and to obtain the necessary constitutional approval.

The Ministry of Finance provided EGP 2.5 billion to the Egyptian Authority for Unified Procurement (UPA) as part of settling various obligations owed to drug and medical supplies companies, Prime Minister Mostafa Madbouly noted.

The Egyptian government has paid off $5 billion in dues to foreign oil companies, Prime Minister Mostafa Madbouly stated.

Prime Minister Mostafa Madbouly has chaired the first meeting of the Supreme Gold Committee, reviewing its efforts to maximize added value and transform Egypt from an ore exporter into an industrial hub.

Prime Minister Mostafa Madbouly announced that Thursday, January 29th, will be a paid holiday to celebrate the January 25th Revolution and National Police Day.

The Sovereign Fund of Egypt (TSFE) recorded actual growth of more than 90% in its asset portfolio between 2023 and 2025, said Minister of Investment and Foreign Trade Hassan El-Khatib.

Prime Minister Mostafa Madbouly witnessed the signing of the ‘Rixos & Rixos Living – World Trade Center Cairo’ project, marking the entry of the Rixos brand into the Egyptian market.

Prime Minister Mostafa Madbouly inspected the new high-quality aluminum wire production line at Egypt Aluminum Company (Egyptalum), with a capacity of 60,000 tons annually.

Prime Minister Mostafa Madbouly opened the new expansions of Kadmar International logistics center in Ain Sokhna Industrial Zone, with total investments of $24 million.

Prime Minister Moustafa Madbouly inspected five healthcare facilities in Cairo and Giza governorates, with a total investment cost surpassing EGP 25 billion