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Egypt Records $8.7 Bn Preliminary Surplus in Nine Months

Egypt’s budget initial surplus has jumped over 8.5 folds during the first nine months of the current fiscal year (FY) 2023/2024 to EGP 416 billion ($8.7 billion), compared to EGP 50 billion in the same period of FY2022/2023, Minister of Finance Mohamed Maait announced on Monday. Maait said that general state expenditures increased to EGP 2.3 trillion, an annual growth rate of 50.8%, during the past nine months, resulting from the significant rise in interest rates and increased spending on sup...
Ras El Hekma Mohamed Maait International Monetary Fund Ras El Hekma International Airport Ministry Of Civil Aviation Egypt Central Agency For Public Mobilization
Source: aawsat.com

Egypt allocates land to construct Ras al-Hikma Airport

The Egyptian Cabinet approved several decisions during its meeting on Monday headed by Prime Minister Mostafa Madbouly, most major of which being the allocation of two land plots in the North Coast, Matrouh Governorate, for the benefit of the of Civil Aviation Ministry in establishing the Ras al-Hikma International Airport.
Port Said Governorate Bur Sa Id Mostafa Madbouly Partnership For The Development Of Ras Al Hikma Ras Al Hikma International Airport Civil Aviation Ministry

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