Egypt pens energy debt payoff deal, puts activists on trial


  • World
  • Friday, 06 Dec 2013

CAIRO (Reuters) - Egypt's army-installed government unveiled a timetable to pay $3 billion (1.8 billion pounds) of $6.3 billion it owes to foreign oil firms on Thursday, part of a campaign to revive confidence in an economy hammered by three years of political turmoil.

Five months after President Mohamed Mursi's downfall and following a fierce crackdown on his Muslim Brotherhood, the government is trying to restore a semblance of normalcy by moving ahead with a political roadmap and boosting the economy.

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