Budget cutbacks in the works? Ministers approved a decision by Prime Minister Moustafa Madbouly to rationalize spending for the remainder of the current fiscal year, cabinet said in a statement Thursday following its weekly meeting. The statement didn’t include any additional information as to how the state may cut down on its spending. The government planned to spend EGP 2.07 tn in its FY 2022-2023 budget.

More green projects in the making: The cabinet also approved a number of decisions to allocate land in Dakahlia, Matrouh, Qena, and Sohag governorates to green projects including unspecified renewable energy, desalination, and green hydrogen facilities.

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