Egypt will raise the national minimum wage and implement a package of government spending cuts to mitigate the domestic economic impact of regional military escalation, Prime Minister Mostafa Madbouly announced on Monday. The Prime Minister added that Arab national security is an “indivisible part” of Egyptian national security. To address the economic fallout, the committee approved a suite of measures to rationalise government expenditure and consumption. Amid these austerity measures, Madbouly underscored the importance of social protection for low-income citizens. Petroleum Minister Karim Badawi reported significant increases in the prices of petroleum products and gas, alongside rising transport costs and the closure of several regional oil fields.

Source: Daily News Egypt March 09, 2026 18:20 UTC