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Mollaei: $6.1B Paid to Settle Foreign Oil Debts
The Egyptian government successfully settled the foreign oil companies' debt of $6.1 billion by the end of June 2024, in accordance with President Abdel Fattah El-Sisi's directives. Prime Minister Mostafa Madbouly explained that this step sends a strong message of confidence in the Egyptian economy and helps improve the investment climate, attracting more foreign investments.
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