{"id":623347,"date":"2018-10-28T03:50:36","date_gmt":"2018-10-28T03:50:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-state-companies-to-settle-egp-80-100-bn-in-debt-owed-to-nib\/"},"modified":"2018-10-28T03:50:36","modified_gmt":"2018-10-28T03:50:36","slug":"egypt-state-companies-to-settle-egp-80-100-bn-in-debt-owed-to-nib","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-state-companies-to-settle-egp-80-100-bn-in-debt-owed-to-nib\/","title":{"rendered":"Egypt state companies to settle EGP 80-100 bn in debt owed to NIB"},"content":{"rendered":"<p>President Abdel Fattah El Sisi and the Madbouly Cabinet approved a plan for state-owned companies to settle EGP 80-100 bn in debts owed to the state\u2019s National Investment Bank (NIB), <a href=\"https:\/\/www.almalnews.com\/Story\/395696\/15\/%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%89-%D9%8A%D9%85%D9%86%D8%AD-%D8%A7%D9%84%D8%B6%D9%88%D8%A1-%D8%A7%D9%84%D8%A3%D8%AE%D8%B6%D8%B1-%D9%84%D8%A5%D9%86%D9%87%D8%A7%D8%A1-100-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D8%AF%D9%8A%D9%88%D9%86%D9%8B%D8%A7-%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D9%82%D9%88%D9%85%D9%89\">Al Mal reported on Thursday<\/a>. The debt will be swapped for assets belonging to those companies, Planning Minister Hala El Said reportedly said. A second phase of the debt settlement program is also being prepared. The government had made settling public company debts a priority ahead of the now-delayed state privatization program, with the Ismail Cabinet having pushed through a timetable for repayment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Abdel Fattah El Sisi and the Madbouly Cabinet approved a plan for state-owned companies to settle EGP 80-100 bn in debts owed to the state\u2019s National Investment Bank (NIB), Al Mal reported on Thursday. The debt will be swapped for assets belonging to those companies, Planning Minister Hala El Said reportedly said. A second [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,7106,72,585,79],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623347","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-debt","tag-enterpriseam","tag-national-investment-bank","tag-public-enterprises-ministry","wpautop","entry"],"acf":{"mongo_id":"7e4f6acf-2a48-4238-a038-22223214082d","order":"0","is_powered_by":true,"section_story_id":"1dbb2330-725b-4a2b-9ec9-1d83b41cbf43","story_type":"1","photo_url":"","photo_position":"above","related_issue":[623309],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt state companies to settle EGP 80-100 bn in debt owed to NIB - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-state-companies-to-settle-egp-80-100-bn-in-debt-owed-to-nib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt state companies to settle EGP 80-100 bn in debt owed to NIB\" \/>\n<meta property=\"og:description\" content=\"President Abdel Fattah El Sisi and the Madbouly Cabinet approved a plan for state-owned companies to settle EGP 80-100 bn in debts owed to the state\u2019s National Investment Bank (NIB), Al Mal reported on Thursday. The debt will be swapped for assets belonging to those companies, Planning Minister Hala El Said reportedly said. 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