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Egypt
Cairo sheds assets to settle debts

Abdel Fattah al-Sisi and Sheikh Mohammed bin Zayed Al Nahyan at the Ras El-Hekma Development Project launch ceremony, on 4 October 2024.
Abdel Fattah al-Sisi and Sheikh Mohammed bin Zayed Al Nahyan at the Ras El-Hekma Development Project launch ceremony, on 4 October 2024. © Egyptian President Office/Apaimages
The sale of the Ras el-Hekma resort destination to an Emirati fund has allowed the Egyptian government to pay off some of its debt to the UAE directly. As Cairo's crippling cash flow crisis continues, such a solution looks set to repeat. [...]
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Diplomacy

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LogoSubscribers only Politics, Business 10.04.2023
Colonel Walid Sami Salama (left), General Sherif Salah el-Dine (center) and General Mohamed Amin (right).

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