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Egypt clears EGP88.3 bln state media debt to National Investment Bank
Egypt and global economy brief

Egypt clears EGP88.3 bln state media debt to National Investment Bank

Key takeaways
  • Egypt signed an agreement on Wednesday to settle 88.3 billion Egyptian pounds in historical debts owed by the National Media Authority (NMA) to the National Investment Bank (NIB), as part of efforts to close the file of financial interconnections between state entities.
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