Egypt says it paid $5 billion to foreign oil partners, targets arrears cut

CAIRO(RAHNUMA): Egypt has paid about $5 billion in overdue bills to foreign oil and gas partners and aims to bring remaining arrears down to $1.2 billion by June 2026, Prime Minister Mostafa Madbouly said. Arrears stood at $6.1 billion on June 30, 2024, he said in a statement, adding the government was also meeting the […]