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Egypt’s Prime Minister Mostafa Madbouly chaired a government meeting on Wednesday, at the Cabinet headquarters in the New Administrative Capital.

Madbouly stated that the rapid developments in the region created an exceptional circumstance that impacted the economic conditions of several countries, including Egypt. This is evident through rising oil prices and the significant effect on Suez Canal revenues due to ongoing events in the Red Sea.

Madbouly said that the government is working to secure a strategic stockpile of essential goods for citizens amid the prevailing uncertainty in the region, caused by geopolitical tensions and escalating risks.

Additionally, during the meeting, Madbouly highlighted that President Abdel Fattah El-Sisi is keen on addressing issues related to local, regional, and global challenges, clarifying the state’s stance on confronting these challenges.

He emphasized the importance of internal unity, asserting that the cohesion and unity of the Egyptian people are the strategic foundations and protections for the Egyptian state, serving as the primary guarantee for maintaining national security and stability.

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