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Egypt cancels T-bonds auction for fourth consecutive week

Earlier in September, the CBE called off the auction of three and seven-year treasury bonds worth EGP 3.5bn. Additionally, the other two previous T-bond auctions, which were also for EGP 3.5bn each, had been cancelled after bankers and investors demanded high yields on the debt.

Daily News Egypt

Subletting social housing units still incessant

Daily News Egypt received some complaints from unit’s owners, noting that the subletting of the units is still incessant. Some owners are offering up their properties to workers and families at prices ranging from EGP 700-1,000 a month.

Shaimaa Al-Aees