Cabinet spokesperson Mohamed al-Homsani said that the stability of the exchange rate and the rise of the Egyptian pound against the US dollar reflect the strength of economic activity, not inflows of speculative capital.
In radio statements, al-Homsani added that inflation fell from 14 percent to 13 percent in July, exports increased by over 22 percent, and tourism and remittances from Egyptians abroad improved.
He noted that the meeting between President Abdel Fattah al-Sisi and his Ugandan counterpart, Yoweri Museveni, affirms Egypt’s Nile water rights while supporting development in basin countries.
Al-Homsani stated that Prime Minister Mostafa Madbouly’s visit to Jordan included talks with King Abdullah II on energy, transport, industrial integration, the status of Egyptian workers in Jordan, and the signing of bilateral agreements.
On domestic issues, al-Homsani affirmed that the Cabinet approved measures to regulate landlord–tenant relations under the old rent law, record non-residential units, and provide relocation options through an online platform and post offices, with requests processed in three months.
Additionally, the spokesman noted that a comprehensive plan to modernize the country’s media system is being prepared for presentation to President al-Sisi, following his recent meeting with media leaders.
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