Egypt allocates Red Sea land to cut public debt as Madbouly reviews 2030 debt target

Egyptian President Abdel Fattah Al-Sisi has issued a decree allocating about 26,690 feddans of state-owned land in the Red Sea governorate to the finance ministry to reduce public debt and issue sovereign sukuk, as Prime Minister Mostafa Madbouly reviewed progress towards the government’s debt targets. The decree, published in the Official Gazette, amends Article […]