{"id":695303,"date":"2026-04-21T00:00:00","date_gmt":"2026-04-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=695303"},"modified":"2026-04-21T15:11:48","modified_gmt":"2026-04-21T15:11:48","slug":"pm-madbouly-braces-for-extended-crisis-targets-60-private-sector-lead-in-fy-2026-27-budget","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/21\/pm-madbouly-braces-for-extended-crisis-targets-60-private-sector-lead-in-fy-2026-27-budget\/","title":{"rendered":"Gov\u2019t to boost private sector participation amid current regional crisis"},"content":{"rendered":"

Good afternoon, friends, and happy hump day. <\/strong>We have a war-heavy issue for you this afternoon as we examine the global energy crisis\u2019 full toll and the international response<\/strong>. We also drop by one of Zamalek\u2019s newest coffee houses<\/strong> for our afternoon fix and more.<\/p>\n

First things first, the news\u2026<\/strong><\/p>\n

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THE BIG STORY TODAY-<\/p>\n

\ud83d\udccd Prime Minister Mostafa Madbouly signaled the state is <\/strong>bracing for an \u201cextended crisis\u201d<\/strong> in a comprehensive address to the House of Representatives today, warning that even if the crisis nominally ends, its economic repercussions are \u201clikely to persist at least until the end of this year.\u201d<\/p>\n

To anchor growth amid these headwinds, the government is targeting EGP 3.8 tn in total investments for the upcoming FY 2026\/27 budget<\/strong>, with the private sector expected to lead 60% of all projects. The PM highlighted the heavy fiscal toll of the regional conflict, noting that Egypt\u2019s monthly natural gas import bill has nearly tripled to USD 1.65 bn to prevent power outages, while regional tourism is losing an estimated USD 600 mn in daily revenue. <\/p>\n

To offset these costs, Madbouly reaffirmed a strategic pivot toward energy security, <\/strong>fast-tracking the national renewable energy target to 45% by 2028 and pledging to fully settle the remaining USD 1.2 bn in arrears to international oil companies by June 2026 to revitalize domestic production.<\/p>\n

^^ We\u2019ll have more on this story in tomorrow\u2019s edition of EnterpriseAM. <\/p>\n

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<\/a> <\/p>\n

Meet EnterpriseAM MENA+<\/strong>, our new flagship newsletter covering the flows of capital, people, and ideas across the Middle East \u2014 and beyond it.<\/p>\n

MENA+ covers AI and tech <\/strong>\u2014 and geopolitics, the war for talent, which BSD is on top (and who's gunning for them), the changing energy economy, new corridors to India and China, and much, much more.<\/p>\n

What's with the \"+\" in MENA+? <\/strong>We think one of the most powerful stories in the region is the *export* of ideas and capital not just to neighboring regions (Asia, the Stans) but to international financial centers. MENA countries are jockeying for position in the new global economy now taking shape, and we're going to shape that conversation.<\/p>\n

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THE BIG STORY ABROAD-<\/p>\n

\ud83c\udf10 After 15 years at the helm of Apple, Tim Cook is set to <\/strong>step<\/a><\/strong>down<\/a><\/strong> as CEO of <\/strong>the tech giant <\/strong>this coming September<\/strong>, transitioning into the role of executive chairman. Taking the reins is John Ternus, the senior vice president of hardware engineering and a 25-year veteran at the company. <\/p>\n

Who\u2019s Ternus?<\/strong> Since joining in 2001, Ternus has been instrumental in Apple\u2019s most significant tech milestones<\/a>. Most notably, he oversaw the transition from Intel processors to Apple Silicon and led the development of core product lines including AirPods, Apple Watch, and the Vision Pro. In recent years, Ternus was the driving force behind the hardware engineering of the new MacBook Neo. <\/p>\n

What\u2019s next for Apple? <\/strong>The leadership change signals a definitive shift back to a product-centric strategy<\/a>. By wagering on a hardware specialist with a profound understanding of product development, Apple aims to silence critics and analysts who argue the company has lacked radical innovation in recent years. The appointment suggests that Apple is doubling down<\/a> on its engineering DNA to spearhead its next era of growth.<\/p>\n

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** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n