Arab Finance: Prime Minister Mostafa Madbouly held a ministerial meeting to discuss the state offering program, opportunities to draw in direct foreign and local investments, and settling government dues to the petroleum and electricity sectors, according to a statement.

Madbouly stressed the government's commitment to implementing the state IPO program to expand private sector participation in economic activity and attract more domestic and foreign direct investment (FDI).

He outlined the state’s efforts to enhance the business climate and promote opportunities across key sectors, aiming to boost investment inflows and strengthen the resilience of the national economy.

The meeting also reviewed outstanding financial dues owed to the Ministry of Petroleum and Mineral Resources and the Ministry of Electricity and Renewable Energy by other ministries and government entities.

Talks focused on coordination mechanisms to settle these financial obligations and address outstanding intergovernmental liabilities to improve the operational and financial efficiency of both sectors, while ensuring a stable and secure energy supply for production and service activities.

In this regard, Madbouly directed relevant authorities to take urgent action to settle the outstanding dues, particularly amid mounting financial pressures on both ministries due to rising global energy prices.