Egypt instructs ministries to curb spending amid inflation ...Kuwait

Egypt's government has instructed ministries to cut non-essential spending until the end of the fiscal year in June as it tries to cope with continuing pressure on its currency and rising inflation. The decision, dated Jan. 4 and published in the official gazette this week, includes the postponement of any new national project heavily reliant on foreign currency, and requires ministries to seek finance ministry approval on foreign currency expenditure. The health, interior, foreign, and defence ministries are exempted, as well as agencies tasked with expenditure on subsidised food products and energy. Some activities listed as non-essential spending include travel, ma

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