Arab countries' bonds fall after port incident
Data showed that the international sovereign bond prices for Egypt, Saudi Arabia, Qatar, and the United Arab Emirates fell by more than one cent following a drone attack on two ships at the Damietta port in Egypt on July 29, 2026. No entity has claimed responsibility for the incident yet, but an Egyptian ministry confirmed that it was caused by a drone, and that investigations are still ongoing. Meanwhile, Damietta port continues its operations normally. The incident raises concerns about escalating tensions in the Middle East.
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