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State issues limit Treasury claims to 34B
The Authority for State Claims successfully defended the funds of the Egyptian general treasury. The arbitration panel in The Hague issued a ruling declaring itself incompetent in Arbitration Case No. 46-2024, brought by Saudi investors against Egypt, alleging harm to their investments. The Authority confirmed that the claimants' allegations were unfounded and rejected all their demands, leading to their obligation to pay all court costs. This prevented the general treasury from claiming more than $34 billion.
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