7pm News Wrapup April 23
By THE CAIRO POST

New & Politics:

A bomb went off inside a police car in 6 October City Wednesday morning, killing one senior police officer.

Foreign Minister Nabil Fahmy contacted his U.S. counterpart John Kerry hours before his departure for the U.S. to discuss bilateral relations and the Palestinian-Israeli conflict, the ministry said in a Tuesday statement.

While the Association of Freedom of Thought and Expression submitted a report to the ministry containing information on the 1,328 detained students in order to ensure their release, deputy of Giza Educational Directorate Safie al-Din Mohamed said there are no statistics for the number of imprisoned students in Giza.

“Solvadi”, a new drug formulated to combat hepatitis-C, is expected to be released in Egypt starting in July, following registration with the Central Administration of Pharmacist Affairs, said member of the National Committee for Combating Hepatitis C Gamal Essmat on Wednesday.

Students organized protests in front of the Faculty of Medicine at Al-Azhar University Wednesday, chanting anti-police slogans and fired flames, while security forces used teargas against them.

The April 6 Youth Movement announced Wednesday that it will organize eight marches originating from different areas in Cairo next Saturday to demand the repeal of the protest law.

Official sources in the National Alliance to Support Legitimacy said that the leaders of the coalition are scheduled to meet with the African Union delegation currently visiting Egypt, according to Youm7.

Qasr el-Nil Misdemeanor Court sentenced 29 defendants to three years in jail on charges of assaulting security forces while dispersing a sit-in last year.

A group of female pro-Muslim Brotherhood students in Cairo University reportedly raised Al-Qaeda flags during a march on campus on Wednesday.

Business:

The Egyptian Exchange indexes showed a mixed noted Wednesday, and market capitalization lost 2.2 billion EGP (U.S. $ 314.5million), amid minor profit taking by Egyptian and Arab traders.

Egypt will repay U.S. $1 billion of the debt that public oil companies owe to foreign partners within two months, Minister of Petroleum Sherif Ismail revealed late Tuesday.

The Central Bank of Egypt (CBE) decided to suspend the Monetary Policy Committee (MPC) meeting to consider interest rates scheduled for Thursday, to mark Sinai Liberation Day on April 25, to next Monday, in addition to auctioning 6 billion EGP in treasury bills Wednesday, according to CBE’s official website.

In-Depth:

Ending the Egyptian tradition of firing live rounds in celebration of parties and weddings is the target of the My Country’s Victory Party.

The party’s “Society Without Weapons” campaign is visiting 10 governorates to urge people to refrain from celebratory gunshots, Al-Bawaba news reported Monday.

Editor’s Pick:

Amid ongoing controversy, head of the Central Auditing Organization (CAO) Hisham Geneina is still undergoing a battle against corrupt officials as the Cairo Criminal Court adjourned his case against the presidents of the Judges Club to May 19 on Tuesday.

 

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