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Weekly Edition, Egypt  -  Week of July 29, 2002
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US to reduce monitor force in Sinai, as some still talk of war
Sources in the US Pentagon said Friday in conclusion of the talks held between American, Israeli and Egyptian officials, that the US intends to reduce the number of its soldiers working as part of the UN forces in Sinai (Egypt).
Egypt-Israel-USA, Politics, 8/3/2002

National Investment Bank loan of LE 275 million for 20 silos
The National Investment Bank (NIB) yesterday approved a LE 275 million loan to the Commodity Supplies Authority to build 20 grain silos, each of capacity of 600,000 tones.
Egypt, Economics, 8/3/2002

Mubarak: we strongly stand with Sudan's unity
Egypt has stressed it stands "strongly" for Sudan's unity and efforts aiming at "fixing this policy and achieving stability in the context of a one strong country."
Egypt-Sudan, Politics, 8/2/2002

Nature reserves in Siwa and New Valley officially decreed
Egypt's Prime Minister Atef Ebeid decreed that the nature reserves in Siwa, Marsa Matrouh Governorate, besides the New Valley be officially established.
Egypt, Environment, 8/2/2002

German-Arab Chamber of Commerce propagates foreign investment opportunities in Egypt
"The German-Arab Chamber of Industry and Commerce decided to construct a site on the Internet in cooperation with the IMF to propagate the foreign investment opportunities available in Egypt," said Executive Director Peter Geopfrisch
Egypt, Economics, 8/2/2002

Bank lending scandal put Egyptian officials in jail
The Egyptian state security court on Wednesday sentenced imprisonment periods ranging between 5 to 15 years against 31 persons, including a former tourism minister, a former parliament members, bankers and businessmen, because of their role in a case related to the offering of loans without guarantees. This is however, one of the main issues in the corruption fighting campaign in Egypt during the few past years.
Egypt, Politics, 8/1/2002

Sorour: July Revolution realized democracy, freed national will
Speaking Tuesday at a forum organized by Cairo University as part of celebrations marking the 50th anniversary of the July revolution, People's Assembly Speaker Ahmed Fathi Sorour said the July revolution gave the rule to the people and Gamal Abdul Nasser affirmed his commitment to democracy which is the rule of the people in the interest of the people.
Egypt, Politics, 8/1/2002

Al-Baz stress Egypt's strong rejection to striking Iraq
Osama al-Baz, the political advisor for the Egyptian president has renewed his country's categorical rejection to any military strike against Iraq. He warned against thinking of carrying out a step in this regard.
Egypt-Iraq, Politics, 8/1/2002

Egypt begins exports finance and subsidization
Egypt, Economics, 8/1/2002

New consortium to upgrade local textiles
Ghali stressed the importance of entering into partnership with local industrialists and European financial institutions in accordance with existing agreements.
Egypt, Economics, 8/1/2002

Denunciations of Egyptian activists jail sentence, 16 Muslim brothers sentenced
The Egyptian military court on Tuesday issued prison sentences against 16 activists of the banned Ikhwan al-Muslimin ( Muslim Brothers) group for periods ranging between three to five years. The sentences were issued under charges of provoking sedition and attempt to topple the regime.
Egypt, Politics, 7/31/2002

Al-Lewa: Al-Assad to visit Cairo beginning of August
Syria-Egypt, Politics, 7/31/2002

Egypt, Sudan sign 15 economic, trade, investment cooperation agreements
Ebeid and Taha held a brief session before being joined by members of the two delegations. Egypt said that talks also covered the integration of the two states.
Egypt-Sudan, Economics, 7/30/2002

NDP says president believes in respect of constitution , democracy
Egypt, Politics, 7/30/2002

Securitization contributes to increasing market's liquidity
Mahmoud Mohieddin, Advisor to the Minister of Foreign Trade and member of the Board of Directors of the Central Bank of Egypt (CBE) asserted that market indicators show that interest rates in bank's deposits and interest rates among banks are declining, adding that this is a positive development as it conforms with the set economic rules without any sort of interference on the part of the CBE.
Egypt, Economics, 7/30/2002

October: Institute set to put Egypt on IT global map
Established in 1993 to bridge the technological gap between Egypt and the developed nations, the ITI has had resounding success, with 14 percent of its graduates working with the world's most famous IT and software companies.
Egypt, Business, 7/30/2002

Egyptian professor to renovate ancient mosque of Hala Sultan
Professor Saleh Lamei Mostafa, the world famous Egyptian specialist in preserving ancient buildings who was appointed by the the United Nations Office for Project services (UNOPS) to head up the team restoring Hala Sultan Tekke, one of the most revered sites of Islam, has recently reported significant progress in the initial phase of the restoration work.
Egypt, Local, 7/30/2002

Egyptian -Kuwaiti finance to manufacture oil pipes in Port Said
Egyptian Minister of Petroleum Sameh Fahmy praised the Egyptian Kuwaiti strong relations and the success of their joint projects in the field of oil and natural gas industry.
Egypt-Kuwait, Economics, 7/30/2002

Egypt-Sudan talks cover all areas of cooperation
Egyptian Sudanese ministers agreed in meetings on the sidelines of the Egyptian-Sudanese Higher Commission, which began yesterday in Cairo, to enhance cooperation ties between the two states in all domains.
Egypt-Sudan, Politics, 7/29/2002

Measurers to enhance banks' role in modernizing industry
After the second meeting, Minister of Local Development Moustafa Abdul-Qader said several decisions were taken to develop and spread small-sized enterprises in all governorates, adding applicants will be given immediate temporary licenses.
Egypt, Economics, 7/29/2002

Oldest Royal administrative building unearthed near Sphinx
The building includes a silo to store quotas given to bakeries. The mission also found the oldest bakery that was used to make sun-backed bread. The same kind of bread is still eaten in some villages in Upper Egypt till now.
Egypt, History, 7/29/2002


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