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US, Egypt stress importance of holding Libyan elections on scheduled date

The United States and Egypt stressed the importance of holding elections in Libya on the scheduled date, i.e. on December 24. This was stressed in a joint statement released on Tuesday evening  by the State Department following the US-Egyptian strategic dialogue held on November 8 – 9, under the chairmanship of Secretary of State Antony […]

Egypt takes delivery of two Spain-made Talgo trains

The Egyptian Minister of Transport, Kamel El-Wazir, announced the arrival of the third and fourth luxury Talgo trains made in Spain. The newly-arrived high-speed trains are part of seven trains contracted with Spanish train manufacturer Talgo. The contract valued at €157 million includes maintenance and supply of spare parts. Each of Talgo trains consists of […]

Hope For The Best: Argentines Wake Up In Default

The mood is defiant in the streets of Buenos Aires after Fitch Ratings and Moody’s Investors Service declared today Argentina in default on some bonds for the eighth time in its history.   This follows Standard & Poor’s Ratings’ Services cutting its credit rating on the the South American nation’s foreign-currency sovereign debt to “selective […]