Egypt's Prime Minister Moustafa Madbouly said on Wednesday he had directed the country's economic ministers and advisory bodies to develop targeted scenarios for the coming period to ensure economic stability and foster investment growth. The prime minister emphasised that the move is designed to address the potential impact of recent US tariffs and guide the country through the evolving global trade landscape. The government aims to leverage these policies to localise industries and boost the national economy. "We are in the midst of a global economic war," Prime Minister Madbouly added, underlining the challenges Egypt faces in an increasingly complex international environment. During a press briefing, he stated that the government is focusing on analysing the fallout from the new tariff measures and how different ministries can best utilise them to support Egypt's industrial sectors. He added that the goal is to maintain economic stability while stimulating a favorable environment for investment. This initiative reflects Egypt's commitment to managing external shocks while continuing its efforts to attract foreign investments and localise key industries. Attribution: Amwal Al Ghad English
