S. Arabia mulls converting Egypt’s debt into investment

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By M.S. Salama
Egypt's Prime Minister, Dr Moustafa Madbouly, receiving the Saudi Investment Minister, Khaled El-Faleh, in the Cabinet’s premises in the North Coast resort of Alamain on Thursday.
Egypt's Prime Minister, Dr Moustafa Madbouly, receiving the Saudi Investment Minister, Khaled El-Faleh, in the Cabinet’s premises in the North Coast resort of Alamain on Thursday.

Saudi Arabia is considering converting a $5 billion deposit in Egypt’s central bank into investments, announced the Saudi Minister of Investment during a meeting with Egypt’s Prime Minister Moustafa Madbouly and Investment Minister Hassan El-Khatib at Egypt’s New Alamain resort on Thursday.

 

Attribution: Amwal Al Ghad Arabic

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