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Egypt Trade

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NEWS
January 28, 1992 | KIM MURPHY, TIMES STAFF WRITER
Once, they called it Egypt's "white gold." It built the railroad between Alexandria and Cairo and pushed the Suez Canal through from the Mediterranean to the Red Sea. It paved Alexandria's grand old boulevards and created a new class of Arab aristocrats who dallied in the city's elegant tearooms. Now, the prized Egyptian cotton that made Swiss handkerchiefs famous isn't called gold anymore. Farmers here call it "the government crop."
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WORLD
October 23, 2009 | Jeffrey Fleishman
The sun is high and it's a slow day for selling and there's not much for a camel trader to do except scatter hay and greens and listen to the big beasts munch. Sounds like shoes walking through gravel. Essam Ammar lifts a cellphone from his tunic. "Hi, Ahmed. No, I won't lower the price." Eyes roll. Ammar pulls the phone from his ear and looks at it; Ahmed's words crackle in the air. Click. It's not even noon. The day seems in retreat. "I've been doing this for 29 years," says Ammar, who wears a white-lace cap and an even snowier pinstriped vest, a risky choice amid blowing dust and rubbish fires.
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BUSINESS
June 4, 2009 | Sherine El Madany
As President Obama arrives in Egypt today to deliver a much-anticipated speech on U.S.-Middle East relations, businesspeople on both sides of the world are hoping his trip will pave the way for increased commerce. Egypt is striving to become a trade hub in the Middle East on the strength of its favorable geographic location, purchasing power and consumer culture. The United States is stuck in the worst recession since the 1930s -- worsened by sluggish consumer spending.
BUSINESS
June 4, 2009 | Sherine El Madany
As President Obama arrives in Egypt today to deliver a much-anticipated speech on U.S.-Middle East relations, businesspeople on both sides of the world are hoping his trip will pave the way for increased commerce. Egypt is striving to become a trade hub in the Middle East on the strength of its favorable geographic location, purchasing power and consumer culture. The United States is stuck in the worst recession since the 1930s -- worsened by sluggish consumer spending.
WORLD
December 6, 2004 | From Reuters
Israel is poised to sign a free-trade agreement with Egypt and the United States this month, a pact that is expected to spur export growth and boost its ties within the region, the country's trade and industry minister said Sunday. Speaking at a business conference, Ehud Olmert said the agreement would be signed Dec. 14 in Cairo and would enable free trade among Egypt, Israel and the United States. "It is an historic breakthrough since we signed the [1979] peace treaty" with Egypt, he said.
NEWS
July 16, 1993 | SUSAN SACHS, NEWSDAY
Egypt has handed over to U.S. authorities information pointing to an international plot behind the bombing of the World Trade Center--allegedly including Iranians, Iraqis and funding from the Muslim Brotherhood organization in Germany, a top aide to President Hosni Mubarak said Thursday. The plot reportedly was conceived and planned by Islamic extremists operating from Peshawar, Pakistan, a city at the northwestern frontier with Afghanistan.
WORLD
October 23, 2009 | Jeffrey Fleishman
The sun is high and it's a slow day for selling and there's not much for a camel trader to do except scatter hay and greens and listen to the big beasts munch. Sounds like shoes walking through gravel. Essam Ammar lifts a cellphone from his tunic. "Hi, Ahmed. No, I won't lower the price." Eyes roll. Ammar pulls the phone from his ear and looks at it; Ahmed's words crackle in the air. Click. It's not even noon. The day seems in retreat. "I've been doing this for 29 years," says Ammar, who wears a white-lace cap and an even snowier pinstriped vest, a risky choice amid blowing dust and rubbish fires.
BUSINESS
December 13, 2004 | From Associated Press
Wall Street will be looking to the Federal Reserve in the week ahead, hoping the nation's monetary policymaker will issue a positive outlook on the economy and potentially give stocks a year-end boost. The Fed's Open Market Committee is widely expected to raise the nation's benchmark interest rate by a quarter of a percentage point, to 2.25%.
WORLD
January 5, 2009 | Jeffrey Fleishman
With jets streaking overhead and explosions thundering in the distance, the Greek surgeon stood Sunday beside a stalled convoy carrying blood bags and syringes, hoping to slip through the black gate at the Egyptian border to reach the wounded in the Gaza Strip. It was the second straight day that Mouzala Ioannis, five other physicians and a nurse from Doctors of Peace waited at the locked Rafah crossing amid eerie silence.
NEWS
October 24, 2000 | JONATHAN PETERSON, TIMES STAFF WRITER
In what would be the first U.S. free-trade pact with an Arab nation, White House officials today plan to sign a sweeping accord with the kingdom of Jordan as a way to strengthen a moderate ally in the Middle East peace process. The unusual pact also is the first to address criticisms that globalization exploits workers and degrades the environment. In a precedent-setting action, it contains provisions on both issues that could serve as starting points for talks with other nations.
WORLD
December 6, 2004 | From Reuters
Israel is poised to sign a free-trade agreement with Egypt and the United States this month, a pact that is expected to spur export growth and boost its ties within the region, the country's trade and industry minister said Sunday. Speaking at a business conference, Ehud Olmert said the agreement would be signed Dec. 14 in Cairo and would enable free trade among Egypt, Israel and the United States. "It is an historic breakthrough since we signed the [1979] peace treaty" with Egypt, he said.
NEWS
July 16, 1993 | SUSAN SACHS, NEWSDAY
Egypt has handed over to U.S. authorities information pointing to an international plot behind the bombing of the World Trade Center--allegedly including Iranians, Iraqis and funding from the Muslim Brotherhood organization in Germany, a top aide to President Hosni Mubarak said Thursday. The plot reportedly was conceived and planned by Islamic extremists operating from Peshawar, Pakistan, a city at the northwestern frontier with Afghanistan.
NEWS
January 28, 1992 | KIM MURPHY, TIMES STAFF WRITER
Once, they called it Egypt's "white gold." It built the railroad between Alexandria and Cairo and pushed the Suez Canal through from the Mediterranean to the Red Sea. It paved Alexandria's grand old boulevards and created a new class of Arab aristocrats who dallied in the city's elegant tearooms. Now, the prized Egyptian cotton that made Swiss handkerchiefs famous isn't called gold anymore. Farmers here call it "the government crop."
CALIFORNIA | LOCAL
March 18, 1993 | ROBERT SATLOFF, Robert Satloff is acting executive director of the Washington Institute for Near East Policy.
If the World Trade Center bombing is, in fact, linked to a radical fundamentalist group guided by Egyptian Sheik Omar Abdul Rahman, then it would mark the opening of a new front in the war to expunge Western culture and American influence from the Middle East. But why? Why now? And why the World Trade Center? Why? Terrorists in Islamic garb snuff out lives at random in hopes of severing Western ties in the Islamic world.
NEWS
June 9, 1993 | MARK FINEMAN, TIMES STAFF WRITER
Kuwait on Tuesday became the first Arab nation to announce that it is easing restrictions in a four-decade-old economic blockade of Israel, declaring that it will no longer blacklist foreign companies that do business with the Jewish state. Foreign Minister Sheik Sabah al Ahmed al Jabbar al Sabah said that other Arab states have agreed to follow suit. But Sabah said Kuwait will continue to abide by the Arab League's direct boycott of Israel, signed by 21 member countries in 1951.
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