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Egypt wants to start clearing a quarter of its arrears next week

Good morning, ladies and gentlemen. The news flow this morning is dominated by comments from Prime Minister Moustafa Madbouly that hinted at upcoming price hikes to subsidized bread, fuel, and electricity. WATCH THIS SPACE- Ministries to start clearing a quarter of our arrears next week: The Madbouly cabinet will begin paying back 20-25% of arrears […]

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