Average yields fall on Egypt’s 5- and 10-year T-bonds
Jul31

Average yields fall on Egypt’s 5- and 10-year T-bonds

Average yields on Egypt’s five- and 10-year treasury bonds fell at auction on Monday, central bank data showed, amid an increased interest in Egyptian debt among foreign investors. The average yield on the five-year bonds fell to 17.800 percent from 18.934 percent at the last similar auction on July 17. The yield on the ten-year bonds fell to 17.798 percent from 18.669 percent.   Demand for Egypt’s domestic debt has...

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Egypt prosecution detains 11 employees over Cairo airport blackout
Jul31

Egypt prosecution detains 11 employees over Cairo airport blackout

Egypt’s Prosecutor General Nabil Sadek on Sunday ordered that 11 Cairo International Airport employees be detained pending investigation into a blackout that hit the airport on Friday, causing the disruption of about 12 flights.   Judicial sources told Al-Masry Al-Youm that the suspects in the case are electricity maintenance staff in the airport.   An Aviation Ministry statement on Sunday said that a committee was formed by...

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Urgent:Isis claim car bombing and gunmen assault on Iraqi embassy in the Afghanistan capital
Jul31

Urgent:Isis claim car bombing and gunmen assault on Iraqi embassy in the Afghanistan capital

Isis has claimed responsibility for a suicide bombing and ongoing gun attack which targeted the Iraqi Embassy in Kabul.   The attack in the Afghan capital was still underway as witnesses reported hearing gunshots around the site of the explosion as police cordoned off the area of the firefight.   Police officials said a car bomb exploded outside the embassy, followed by an attempt by gunmen to enter the building.   Isis...

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Irish navy rescues 109 migrants off Libyan coast
Jul31

Irish navy rescues 109 migrants off Libyan coast

An Irish navy vessel rescued 109 migrants off Libya’s coast on Sunday, following a request from the Italian Maritime Rescue Co-Ordination Centre. The LÉ William Butler Yeats took four hours to rescue the migrants off Tripoli, before providing food and medical treatment. The rescued migrants were then transferred to the Italian Coast Guard. It was the new vessel’s first humanitarian search and rescue mission since being...

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Algeria vows not to resort to foreign debt despite oil prices plunge
Jul31

Algeria vows not to resort to foreign debt despite oil prices plunge

Algeria vowed Sunday not to resort to external debt under any circumstances, despite the sharp decline in the country’s oil revenue since the collapse of oil prices in 2014. Algerian Prime Minister Abdelmadjid Tebboune made the remarks at a tripartite meeting between the government, the General Union of Algerian Workers, and the Employers Forum, the largest Algerian business organization in the North African nation....

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