Eighteen US and global firms eye Egyptian investments as Cairo cuts oil arrears to $1.2bn

Egypt has slashed its outstanding arrears to foreign oil companies to $1.2bn from $6.5bn, Investment and Foreign Trade Minister Mohamed Farid Saleh told a gathering of 18 US and global firms exploring new investments in the country as Cairo accelerates its economic reforms. Farid held the extensive roundtable, organised by the Business Council for International […] The post Eighteen US and global firms eye Egyptian investments as Cairo cuts oil arrears to $1.2bn first appeared on Dailynews...