Business news from Egypt and the region
Egypt sells 3.5 billion pounds of reopened bonds (this means the central bank is just issuing additional amounts of a previously issued bond with the same maturity. Reopened bonds have the same maturity date and interest rate as the original bonds, but a different issue date and usually a different price).
Second quarter results season (selected):
Qatar raises budget surplus estimate to $15 billion – if only Qatar would just give that surplus to Egypt, then all the North African country’s problems would be over….