Egypt to Stall State Fuel-Intensive Projects for Two Months Amid Iran War: PM

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Egypt to Stall State Fuel-Intensive Projects for Two Months Amid Iran War: PM

The government wants to halt major fuel-intensive state projects for two months to rationalize consumption amid rising energy costs from the Iran war, Prime Minister Mostafa Madbouly announced.

According to Finance Minister Ahmed Kouchouk, debt servicing costs are projected to climb 5% in the next fiscal year.

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