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Infrastructure 
Budget deficit almost doubles in 1Q FY 23-24
Public finances are being squeezed by rising borrowing costs, which has caused the government’s interest bill to spike 120% y-o-y
Bids roll in for the FRA’s credit rating license. PLUS: Arab agri investment, Megamind, and Gulf nations
Three consortiums have submitted bids for the FRA’s credit rating license
Cabinet extends budget cutbacks through to June 2024 amid FX crisis
The cabinet brings back restrictions on USD government spending
Private-sector minimum wage to rise 17% in 2024
Private-sector employees on the minimum wage will have seen their monthly income rise 45% in the past six months
What matters to business as the House reconvenes for the 2023-2024 legislative season
MPs are set to discuss and dissect 11 key government-drafted bills over the coming months
Budget deficit to widen to 10.7% this fiscal year -IMF
The Fund expects government spending to rise faster than previously expected while revenues will remain flat
What do companies want from their banks?
Businesses want banks to take on more risk and offer more diverse products in challenging times
FRA eases rules on share buybacks
The amendments aim to facilitate the process of buying and selling of treasury shares for EGX-listed companies
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