The Federation of Egyptian Chambers of Commerce (FEDCOC) held an emergency meeting of its High Committee for Crisis Operations to assess the potential economic repercussions of escalating geopolitical tensions linked to the military confrontation between the United States and Iran. Discussions focused on evaluating the potential impact of the evolving situation on trade flows, local markets, supply chains, and key macroeconomic indicators in Egypt. Participants stressed that the Egyptian economy possesses a degree of resilience in dealing with external shocks under current economic policies. In terms of trade policy, the committee recommended maintaining current export and import policies without restrictions, noting that the current exchange rate level provides additional support for Egyptian exports. The meeting will discuss the economic implications of the crisis and propose mechanisms to address them.

Source: Daily News Egypt March 11, 2026 18:40 UTC