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ENERGY

Egypt ends export deal for natural gas to Israel

CAIRO — Egypt has scrapped a 2005 gas export deal with Israel, which relies on Egyptian natural gas for 40 percent of its supplies to produce electricity, the chairman of a government holding firm said Sunday.

The accord was “annulled on Thursday with the East Mediterranean Gas Co. which exports gas to Israel because the company failed to respect conditions stipulated in the contract,” Mohamed Shoeib told Agence France-Presse.

The sale of gas to Israel, which signed a peace treaty with Egypt in 1979, always has been controversial in Egypt. A pipeline in the Sinai Peninsula that has been used to supply Egyptian gas to Israel and Jordan has been attacked 14 times since the uprising that toppled President Hosni Mubarak.

REAL ESTATE

Trump, Georgia president release resort plans

TBILISI, Georgia — U.S. real estate mogul Donald Trump joined Georgian President Mikhail Saakashvili on Sunday in unveiling plans to build a luxury apartment complex along the Black Sea coast.

The 47-story Trump Tower in the city of Batumi will be built by the Silk Road Group under a licensing agreement signed during Mr. Saakashvili’s visit to New York last year.

The Georgian conglomerate expects to have the necessary funding by the end of this year, with construction slated to start in early 2013, Mr. Saakashvili said during Sunday’s presentation in Batumi.

From wire dispatches and staff reports