Sawiris Says U.S. Debt Relief for Egypt Is `Good Start’

May 20 (Bloomberg) — Samih Sawiris, chairman and chief executive officer at Orascom Development Holding AG, discusses the outlook for Egypt’s economy following U.S. President Barack Obama’s pledge to provide up to $1 billion in loan guarantees for that country along with the cancellation of $1 billion in debt, about a third of what Egypt owes the U.S. Sawiris speaks with Margaret Brennan on Bloomberg Television’s “InBusiness.”

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Bloomberg
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