CAIRO – 17 May 2022: Egypt’s Prime minster Mostafa Madbouly said, Tuesday that the Russian-Ukrainian crisis imposed great challenges over several countries all over the world. He added during meeting with the Head of the Board of Directors of the Union of Arab Banks (UAB) Sheikh Mohamed El Jarrah El Sabbah that the political conflict has doubled the pressures on the Egyptian budget. El Sabbah said that the Egyption government managed to deal with the consecutive international crises successfully and provide basic commodities to its citizens amid the most difficult conditions. The UAB head made the remarks during a meeting held on Tuesday with Prime Minister Madbouly at the Cabinet headquarters. Madbouli thanked the AUB for selecting Egypt to host the Arab Banking Conference 2022 that is set to be held in Cairo on Wednesday under the theme: "The repercussions of the international crisis & its impact on the economic situation in the Arab region.”

Source: Egypt Today May 18, 2022 02:30 UTC