Economist warns fuel prices may rise if global conflicts persist
Speaking during a televised phone-in on MBC Masr’s Yahduth Fi Misr (Happening in Egypt), Badra outlined the precise, data-driven framework the committee uses to evaluate fuel prices, which balances global oil benchmarks, the US dollar’s exchange rate against the Egyptian pound, and localized refining and production costs.
A two billion monthly leap in foreign reserves is a historic achievement that signals a deep, structural improvement in Egypt’s key economic indicators.
Foreign reserves surpass $55 billion In a massive victory for Egypt’s monetary policy, Badra highlighted that the country’s foreign exchange reserves have crossed the $55 billion mark for the first time in history.
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