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Discuss this article (0 Comments)Arabic Press Review - 24 May 2007
by Safura Rahimi on Thursday, 24 May 2007
The UAE's Al Bayan newspaper today reveals that the deal to build a metro track from Dubai International Airport to Jebel Ali Airport is set to cost AED10 billion ($2.72 billion).
The Dubai Roads and Transportation Authority (RTA) has signed an agreement to build the new 49 km (30.45 miles) metro line in a bid to provide a high-speed link between the two airports.
The ‘Purple Line' service is due to launch in December 2012.
***
In Egypt today, Al Ahram newspaper reports that the country's cabinet has agreed to raise the salaries of state workers by 10% from July 1.
It will also raise pensions for civil and military workers by 10%, with a maximum of 60 Egyptian pounds ($10.54 per month).
The move comes just as Egypt announced yesterday a 50% hike in teachers' salaries starting in July.
...and in other news...
Al Alam Al Youm, Egypt: The country is set to issue new regulations to support exports and a study council will be formed in the next few days to look at a new regulatory structure.
Al Alam Al Youm, Egypt: Egypt President Hosni Mubarak opens a 490 million pound ($86 million) passenger centre at Sharm el-Sheikh airport today.
Al Alam Al Youm, Egypt: The first stage of South Valley Cement's capital increase was 96.1% subscribed.
Al Alam Al Youm, Egypt: The general assembly of Misr Clearing, Settlement and Central Depository Company has approved a raise in the company's paid-up capital to 80 million pounds ($14 million) and agreed to distribute one free share for every share held.
Al Masry Al Youm, Egypt: Egyptian insurance firms are planning to set up a union for private insurance funds.
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