CAIRO - 24 July 2024: Egyptian Prime Minister Mostafa Madbouly held the weekly press conference at the cabinet’s headquarters in New Alamein city, where he responded to different questions concerning various topics. In his remarks, Dr. Mostafa Madbouly said that there is an expected launch of social housing units. External debtSpeaking about the state’s external debt, Madbouly pointed out that the state is working hard to control external debt, explaining that Egypt's external debt has decreased significantly, as announced by the Central Bank, pointing out that the government has developed a plan to pay the dues of foreign partners. He also explained that the gradual increase in the prices of petroleum products will take a year and a half. The Prime Minister said that some electrical wires melted in some transformers due to the extreme rise in temperatures.

Source: Egypt Today July 24, 2024 20:05 UTC