CAIRO: Israeli company Delta in Egypt replaced its entire Israeli staff with Egyptian and Europeans workers, even though the company is owned by Israeli. The company has 4,000 Egyptian employees, including veiled women, and the company said council member of textile export, Magdi Tolba. However, Tolba said the Qualified Industrial Zone (QIZ) companies were not influenced by the January 25 Revolution. The QIZ protocol is signed in Egypt, Israel and the U.S. Former government caused the deterioration of the textile industry during Mubarak's regime, since it neglected the textile crisis, according to Tolba. As one of QIZ partners, Tolba noted Egyptian merchants could not resist the economic rescission even with the reduction of U.S. custom duties on QIZ exports. He said at the beginning of the agreement, Egyptian exports were strong but reduced without for no reason in the past four years. As for the spinning and textile industry, Tolba condemned the request of financial support by holding companies of spinning and textile. He justified the international textile crisis ended and Egyptian companies gained a lot of money since they increased their prices to cope with the crisis. Chairman of the board of Cairo cotton center company, Tolba said Egypt produces approximately 50 percent of its textile materials. Egypt imports the rest of the materials to Southeast Asian countries, which raised their prices due to high temperature and floods. He criticized the non-activation of joint agreements between Egypt and other European countries, as well as other agreements with Latin America countries such as Brazil and Argentina.
