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.

Morgan Stanley has downgraded its view on Egypt to “Equal Weight” from “Overweight,” citing headwinds facing the country as a net oil importer amid rising geopolitical risks across the Middle East.

The exchange rate between the US dollar and EGP recorded EGP 50.11 for purchasing and EGP 50.21 for selling at Banque Misr on Thursday.

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.

The US dollar hit a new record on Monday, trading at EGP 49.45 for purchase and EGP 49.55 for sale at the Commercial International Bank Egypt (CIB).

Both Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will be closed on March 2nd and March 3rd due to the current situation in the Middle East, the UAE Capital Market Authority announced.

The National Telecom Regulatory Authority (NTRA) ordered local mobile operators to grant subscribers free international minutes to six Arab countries.

Kuwait-based stock exchange operator Boursa Kuwait announced the suspension of all trading sessions effective Sunday, March 1st, 2026, and until further notice, citing ongoing developments and security-related circumstances facing the country.

Egypt’s Ministry of Petroleum and Mineral Resources has implemented a series of proactive measures to secure energy supplies for the local market, with geopolitical tensions escalating in the region.

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