On Aug. 11, Anas summoned Abeng before the economic committee, which he heads, in the Supreme Advisory Council, a little-used but highly placed government body.

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"Expectations for tapering off of the Fed's outcome-based purchases have been pushed back due to recent softening in the economic data, " according to a statement from the private sector Treasury Borrowing Advisory Committee released on Wednesday.

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The General Presidency of Youth Welfare will submit the committee's report to the Supreme Economic Council and new legislation will have to be formed, according to members of the advisory committee, with the eventual privatization to take about two years to enact if approved.

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