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How the Madbouly government plans to boost industry in FY 2024-25
Manufacturing and local industry are expected to contribute 15% of GDP
Next fiscal year’s draft state budget dominated the airwaves
Finance Minister undersecretary Ahmed El Sayed sees a “systematic change” in the gov’t approach to economic growth.
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
Alexbank’s net income rises 76% y-o-y to EGP 5 bn in 2023. PLUS: Next fiscal year’s draft budget goes up for discussion in the House next week
The government is currently working to offload its 20% stake in Alexbank
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
Draft budget for the next fiscal year heads to the house
Good morning, friends. An unusually busy week in local business and economy news for Ramadan is ending how it began,…
The IMF says we promised to slow down spending on infrastructure
A new committee will be formed to ensure the private sector takes the lead on driving economic growth
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