Egyptian Government Announces a Pause of Power-saving Electricity Cuts Starting July 21 till Mid-September

News Agencies

Prime Minister Mostafa Madbouly held a press conference last Wednesday, during which he announced the end of power-saving electricity cuts and revealed plans to increase renewables’ share in the energy mix.

He also addressed the drug shortage and highlighted a slight decrease in the inflation rate.

The government aims for 6% GDP growth and plans to mitigate the impact of global crises.

Additionally, they have reduced foreign debt from $168 billion to $160 billion.

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