Four killed in Egypt clashes as football riot prisoners moved


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CAIRO // Four people including two policemen were killed in overnight clashes between police and protesters in Port Said, Egypt's interior ministry confirmed today.

At least 420 people were also injured in the clashes which began yesterday after authorities decided to move prisoners awaiting a verdict over alleged involvement in a deadly football riot last year.

The two policemen died from gunshots to the head and neck, an interior ministry official said.

A security official said earlier that protesters threw petrol bombs and stones at the police station in Port Said, where a general strike entered its third week. Police responded with tear gas.

The interior ministry said it decided to move prisoners from Port Said, starting with the 39 remaining defendants over the February 2012 football violence, because it wanted to avoid unrest.

The court verdict, expected next Saturday, is for the 39 defendants in a case which resulted in death sentences in January for 21 other defendants, sparking clashes that killed at least 40 people.

Residents of Port Said and other canal cities have long complained that Cairo marginalises them.

Last year's football riot which killed 74 people, mostly supporters of a visiting Cairo team, exacerbated Port Said's isolation, residents of the city say.

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Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

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US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

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The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


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UAE squad

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Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.