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Economy to grow at a 4.0% clip in preliminary budget report for FY 2024-25
The Madbouly government now sees the economy growing at a 4.0% clip in the coming fiscal year
THIS EVENING: FinMin released a preliminary budget report for fiscal year 2024-2025. PLUS: PHD, Cleopatra Group are teaming up for a new North Coast project that could ramp up EGP 100 bn in profits
Good afternoon, ladies and gentlemen, and happy almost-Thursday. Looks like the newscycle is not letting up as we inch closer…
How Egypt is investing in infrastructure as a way to boost trade competitiveness and attract more industrial investments
The Transport Ministry is working on seven new logistic corridors to connect production areas with seaports
Egypt to build two solar plants with EU funds
The entirety of the projects’ cost will be covered by a grant from the EU
Gov’t revenues up 57% y-o-y in 9M FY 2023-24
Despite the uptick in revenues, the budget deficit remained virtually unchanged
Gov’t proposes increasing spending on education, social security, healthcare in FY 2024-25 draft budget
Funds directed towards social protection are up 20% y-o-y to EGP 636 bn
Gov’t is working on an app for price tracking and an app for consumer complaints
The government has developed a mobile application to enable users to view and report commodity prices — dubbed Price Radar
Egypt seeks to lease LNG terminal as it starts importing natural gas
The government has purchased at least two shipments of LNG, an Oil Ministry source told Enterprise
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