Egypt sells fewer 3- and 5-year bonds than on offer
Cairo - Arabstoday
Egypt's central bank said it sold fewer reopened three-year and five-year bonds than were on offer at an auction on Monday. The bank said it sold 2 billion Egyptian pounds of reopened three-year bonds that mature on 18 October, 2014, and carry a 14 per cent coupon. The yield ranged from 15.65 to 15.94 per cent. It also sold 1.5 billion pounds of reopened five-year bonds that mature on 25 October, 2016, and bear a coupon of 14.25 per cent. The yield ranged from 15.25 to 16.05 per cent. The central bank, which sells the bonds on behalf of the Finance Ministry, had offered 2.5 billion pounds of each maturity. Settlement will take place on 21 December.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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