Egypt
To address the country’s ongoing economic challenges, Egypt will be allocating a 174 square kilometer plot on the Red Sea coast to the finance ministry on Tuesday 10 June according to reports, which will be utilized for Islamic bond issuances (financial certificates that represent ownership in a portfolio of assets, rather than a debt obligation like traditional bonds), part of a broader strategy to lower the country’s public debt. While no detailed plan has been revealed for the land's use,…
