Cabinet Denies Any Proposal to Swap Suez Canal Ownership for Domestic Debt Settlement
Egyptian Streets6h ago1 newsroom
Egypt’s Cabinet denied on Sunday 30 August circulating claims that the government plans to transfer ownership of the Suez Canal to the Central Bank of Egypt as a way to settle part of the state’s domestic debt. The denial came after some online reports had proposed swapping the canal’s ownership for debt relief which then prompted clarification from the…