
President Abdel Fattah El Sisi received a briefing on food security, strategic reserves, and agricultural plans nationwide on Saturday. The meeting included Prime Minister Mostafa Madbouly, Minister of Supply and Internal Trade Sherif Farouk, Minister of Agriculture and Land Reclamation Alaa El-Din Farouk, and Colonel Dr. Bahaa El-Ghannam, Executive Director of the Future of Egypt for Sustainable Development Authority. Presidential Spokesperson Mohamed El-Shenawy stated that discussions covered the country鈥檚 food security system, including the production and distribution of strategic commodities to ensure sufficient reserves and maintain market stability. The Minister of Supply confirmed reassuring stock levels for essential commodities like wheat, rice, sugar, oil, pasta, and meat. The meeting also addressed the subsidized bread system, updates to the ration card system, and oversight of the National Food Safety Authority. The Minister of Agriculture reviewed preparations for the new wheat procurement season, aiming to collect approximately five million tons of locally produced wheat from April 15 to August 15, with a purchase price of 2,500 Egyptian pounds per ardeb. Developments in Egypt鈥檚 poultry sector and efforts to curb rising food prices were also discussed, alongside mechanisms to develop the commodities exchange to ensure price transparency and support small producers. Discussions covered improving the governance of subsidized agricultural fertilizer distribution an
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This summary was AI-generated from a story originally published by Egypt Today.
Must ReadEgypt has condemned repeated Iranian attacks targeting Kuwait, Bahrain, Oman, and Jordan, stating that these actions violate state sovereignty. In a statement, the Egyptian Foreign Ministry described the hostile actions against the four Arab nations and their regional infrastructure as an unacceptable threat to Arab national security and territorial integrity. Cairo warned that such maneuvers are a dangerous escalation that could widen the conflict and fuel instability in the Middle East. Egypt reaffirmed its rejection of hostile practices that jeopardize the safety of neighboring populations or critical state assets, emphasizing its solidarity with the impacted nations and pledging full support for their domestic stability. Egypt called for an immediate cessation of all hostile operations, urging regional actors to respect international law, uphold good neighborliness, and prevent further military escalation.

Prime Minister Mostafa Madbouly chaired a meeting to monitor the progress of Egypt's state asset divestment program, part of the second edition of the State Ownership Policy document for 2026-2030. The program aims to increase private sector participation, maximize returns on state assets, improve management, attract investments, and strengthen business confidence. The Prime Minister noted that 20 of the 30 companies announced under the government's initial public offering program have secured temporary listings on the Egyptian Exchange, with procedures underway for four more. These include 10 companies from the petroleum sector and 10 from the public business sector. Temporary listing is the first step, followed by valuation studies, registration with the Financial Regulatory Authority, and final listing and trading. The government plans to begin registration of the first temporarily listed companies with the regulator before year-end. The Deputy Prime Minister for Economic Affairs discussed the institutional framework for implementing the State Ownership Policy, while the Investment Minister reviewed preparations for offering a stake in Misr Life Insurance.
Must ReadEgypt's Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty and Saudi counterpart Prince Faisal bin Farhan Al Saud, stressed the importance of safeguarding freedom of navigation in the Strait of Hormuz in accordance with international law. They highlighted the need to ensure the security and safety of international maritime navigation, prevent obstruction to shipping, and reject attempts to impose restrictions on passage through international waterways, warning of negative consequences for the global economy and energy security. The ministers also condemned repeated Iranian attacks targeting several Arab countries, including Gulf states and Jordan, describing them as a violation of state sovereignty and a threat to regional security. They called for an immediate halt to escalatory acts. These remarks were made during a phone call as part of ongoing consultations between Egypt and Saudi Arabia on bilateral relations and regional developments. They praised progress in bilateral ties and reaffirmed commitment to strengthening cooperation. The ministers also exchanged views on regional de-escalation efforts and discussed the role of the regional quartet Egypt, Saudi Arabia, Turkey, Pakistan for consultation and coordination. They commended the momentum in Egyptian-Saudi relations and discussed regional issues including developments in Sudan, Libya, and the Red Sea, emphasizing close coordination on matters of mutual concern.