Mostafa Madbouly
Activity
Egypt reports $600M daily loss in regional tourism due to flight cancellations
Egyptian Prime Minister Madbouly announced that regional tourism is losing $600 million daily amid ongoing disruptions, highlighting a severe economic strain. Meanwhile, Egypt has raised nearly half of its $12.2 billion fundraising target, navigating regional conflicts and economic challenges.
MSMEDA Partners with Outreach Egypt and Local Authorities to Boost SMEs and Entrepreneurship
MSMEDA has signed an agreement with Outreach Egypt to expand non-financial support for entrepreneurs and partnered with the Upper Egypt Development Authority to develop production clusters. Discussions with Egypt's Military Production Ministry also aim to support SMEs through manufacturing collaborations, boosting local industry and employment.
Egyptian PM Madbouly Prioritizes Settling Supplier Dues to Ensure Medical Supply Stability
Egyptian Prime Minister Mostafa Madbouly has directed officials to expedite payments to suppliers, aiming to secure medical supplies and stabilize the healthcare sector. The initiative is part of a broader effort to improve financial governance and support Egypt's pharmaceutical industry.
Egypt Implements 9:00 pm Closure Rule for Shops and Public Venues from March 28
Egypt has mandated all shops, malls, and public venues to close by 9:00 pm from March 28 to conserve energy and regulate operating hours. The rules include provisions for certain exemptions and regional variations, highlighting government efforts to manage resource use while supporting essential services.
Egypt PM Leads Crisis Meetings to Stabilize Economy Amid Regional Military Tensions
Egypt's Prime Minister Mostafa Madbouly convened meetings addressing the impact of regional military tensions on the economy and markets. These efforts aim to maintain stability in energy, supplies, tourism, and economic growth during uncertain times.
Egypt Enforces 9 PM Closures and Proposes 2-Day Remote Work to Cut Energy Use
Egypt mandates 9 PM closures for malls, cafes, and shops for a month to reduce energy use. Concurrently, it proposes up to two remote workdays weekly in the public sector to further save electricity amid supply shortages.