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English news

04-Jan-2016

Egypt rejects an offer to postpone maturing Qatari bond

Egypt will not ask to defer repayment of USD1 billion bond owed to Qatar, Al Masry Al Youm reported. Qatar had suggested through mediators delaying the deadline for payments on the condition that Egypt files a request for the delay. Central Bank of Egypt Governor Tarek Amer said Egypt is prepared to pay on schedule both Qatar and a USD700 million instalment owed to the Paris Club, government sources report. (Al Masry Al Youm)

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