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Logistics (MENA) 
Gov’t could announce its biggest social support package to date in September
The package could be implemented starting October
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
Energean to release Orion results in two to three weeks. PLUS: Egypt to establish Tanzania-Rwanda logistics corridor
The well is projected to hold c. 10 tn cubic feet of natural gas
House passes El Sisi’s EGP 180 bn social protection package
The package includes wage and pension hikes
Cabinet greenlights Unified Budget Act amendments
Cabinet also approved public-sector wage, pension hikes
El Sisi announces EGP 180 bn package of wage hikes, pension increases, and tax breaks
The measures include a minimum wage hike for the public sector and a new income tax cut
Finance Ministry to announce new social security package + tax incentives for investments in 2024
The new social security measures and tax policy framework will be discussed during public consultations next month
Pension hikes for the new year
The government will increase minimum pension payouts
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