Wednesday, May 2, 2012

#Egypt Trade volume between Egypt and Saudi Arabia surges



Lorenzo Declich

4:18 AM  -    -  Public
Egitto-Arabia Saudita
Trade volume between Egypt and Saudi Arabia surges »
Skyline in Saudi Arabia. CAIRO: Trade volume between Saudi Arabia and Egypt, surged during the first quarter of 2012, to 50 percent, compared to the same period of 2011, according to a report by the state-owned news agency MENA on Saturday. The head of the Egyptian Foreign Trade Zone of the Ministry of Industry and Trade, Dr. Hussein Omran, said in a statements to the Saudi Newspaper, Al-Watan on Saturday , that trade volume reached record levels during the first three months of 2012, amount...
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By ADAM SCHRECK AP Business Writer DUBAI, United Arab Emirates—A senior International Monetary Fund official said Wednesday the fund remains willing to consider a much-needed $3.2 billion aid package for Egypt but is waiting for sufficient consensus from political leaders in Cairo.