/ 11 December 2000

SAINSBURY’S SHUTS SHOPS IN EGYPT

BRITISH retailer Sainsbury’s, which opened its first supermarkets in Egypt last January, has decided to pull out of the Egyptian market and sell its shares to an Egyptian investor. Sainsbury’s-Egypt opened 114 chains in a year in the Greater Cairo area. Shortly after the Palestinian uprising erupted in late September, Egyptian students demonstrating against Israel threw stones at two Sainsbury’s supermarkets, convinced the owners were Jewish. On December 1, Sheikh Mohammed Sayed Tantawi of Al-Azhar, the highest authority for the world’s Sunni Muslims, called for a boycott of products that benefit Israel over the Palestinians. – AFP