Arab finance: The National Organization for Social Insurance (NOSI) has signed a cooperation protocol with the National Press Authority (NPA) to set mechanisms for settling debts owed to the former by the latter, a cabinet statement revealed.
Under the protocol, the press institutions are obliged, under the supervision of the NPA, to meet all needs of NOSI of publications and media and advertisement means, of which 75% of their costs will be deducted to pay off their due debts.
In addition, such institutions shall allocate part of their revenues from investment projects to repay their debts.