Egypt’s newly approved state budget aims to reduce the debt-to-GDP ratio to approximately 78% by June 2027 and cut external debt by $1bn to $2bn, Prime Minister Mostafa Madbouly announced on Wednesday, as the economy recorded a 5% growth rate in the third quarter despite the regional fallout from the US-Iran war.  Speaking at a weekly press conference in the New Administrative Capital following a cabinet meeting, Madbouly detailed the government’s economic targets, investment strategies, and diplomatic initiatives. [...]