As the first Arab nation, the government of Egypt yesterday signed a trade pact with its neighbour Israel that will help breaking the latter's economic isolation. After the controversial trade agreement was made known, demonstrations broke out throughout the Egyptian capital, Cairo.
A large-scale new ammonia plant is to be built in Egypt's Suez Industrial Zone, further increasing the country's significant ammonia and fertilizer production and exports. American suppliers to the plant today achieved government guarantees to secure their investments here.