Amr khalifa
EGYPT
The 12th edition of the Dendara Economic Forum has kicked off in the village of Dendara, Qena Governorate, Egypt. Held under the theme “Borrowing: A Measured Step, Not a Rash Rush,” the forum aims to discuss the culture of borrowing, enhance financial literacy, and instill concepts of responsible planning and debt management. These efforts seek to foster family stability, support productive projects, and promote sustainable development.
The forum was inaugurated by Prince Hashem El-Dandarawy, Head of the Dendara Development Center, in the presence of Major General Dr. Mostafa El-Beblawy, Governor of Qena; members of the House of Representatives and the Senate; executive officials; Islamic and Christian religious leaders; economic experts; business leaders; and representatives of civil society organisations.
I. Opening: Borrowing Balancing Need and Responsibility
Prince Hashem El-Dandarawy emphasized that the choice of borrowing as the forum’s theme aims to raise community awareness regarding the distinction between borrowing to meet a genuine need or to finance a well-studied productive project, and borrowing for consumption without assessing one’s repayment capacity.
He noted that the true value of money lies in the impact it has on human life and its contribution to giving and constructive development. He further underscored the importance of financial planning, honoring obligations, and embedding a culture of responsibility and social solidarity. The address covered several key themes, most notably the role of money in meeting life’s needs, supporting those facing financial hardship, the impact of consumerism on borrowing decisions, the importance of financing in supporting production, the necessity of planning before incurring debt, and the fulfillment of debt obligations as both a moral and social responsibility.
Second | Panel Discussion: Borrowing Between the Jurisprudence of Need and Prudent Decision-Making
The forum held its first panel discussion, titled “Borrowing: A Deliberate Act, Not an Impulsive One,” moderated by Mr. Tawfiq Al-Hakim, a member of the Dandara Development Center.
The session addressed two main themes:

Borrowing: Between the jurisprudence of need and prudent decision-making.
Borrowing: A matter of calculation and commitment.
Discussions focused on assessing actual needs prior to borrowing and evaluating the capacity to meet repayment obligations. Participants distinguished between financing that supports production and creates new opportunities, and debt that merely increases financial burdens without yielding real returns.
Emphasis was also placed on the importance of financial literacy in making prudent decisions whether for individuals, families, or entrepreneurs—thereby mitigating the risk of default and fostering economic and social stability.
Third | Governor of Qena: Supporting Responsible Financing
Major General Dr. Mustafa Al-Beblawi, Governor of Qena, commended the forum’s theme, highlighting the link between borrowing habits and family stability, as well as the ability to plan for the future.
He stressed the importance of striking a balance between utilizing credit facilities to support productive and developmental projects and avoiding ill-considered debt expansion; such a balance ensures project sustainability and helps families manage their financial resources efficiently. Fourth | Dandara Forum for Startups: Networking and Investment Opportunities
As part of the event’s side activities, the Dandara Forum for Startups was held, bringing together entrepreneurs, startups, institutions, investors, and experts. The forum provided a platform to showcase projects, exchange expertise, and explore opportunities for collaboration, partnership, and investment.
The forum garnered the attention of the Governor of Qena, as it serves as a supportive space for youth and innovators, a platform to foster communication across economic sectors, a means to support small and medium-sized enterprises (SMEs), and a gateway to new horizons for innovation and job creation.
Fifth | Equestrian and Tahtib Festival: Celebrating Sa’idi Heritage. The events also featured an Equestrian and Tahtib (traditional stick-fighting) festival. This event embodied an authentic aspect of Qena Governorate’s folk heritage, infusing the forum with a cultural atmosphere that reflects the local identity.
The festival underscored the importance of integrating economic development with cultural advancement, while celebrating heritage as a key component of societal identity and a source of belonging.
Sixth | High-Level Attendance
The forum was attended by Dr. Abbas Mansour, President of South Valley University (Private); Dr. Wahid Abdel-Gawad, Advisor to Dar al-Ifta; Anba Pimen, Bishop of Naqada and Qus; and Anba Ignatius, General Bishop of the Qena Diocese. Also in attendance were various executive and legislative leaders, religious and community figures, experts, and business leaders. This turnout reflected the diversity of participants engaging in a dialogue on an issue that touches upon citizens’ daily lives—one requiring the integration of economic, social, and ethical perspectives.




