7am News Wrapup April 29
By MOHAMED ABDEL MEGEED

Antiquities Ministry announced it discovered a massive tomb in Luxor’s Valley of the Kings, associated with the royal families of kings Tuthmosis IV and Amenhotep III from the 18th Dynasty.

News:

The Asyut prosecution decided to detain 17-year old student Abdallah Assem for 15 days pending investigation, accusing him of setting a police car on fire.

Cairo Criminal Court adjourned the trial of Muslim Brotherhood leaders Mohamed Badie, Khairat al-Shater in the case known as the Guidance Bureau incidents to May 12.

Cairo Criminal Court postponed Monday the retrial of Mubarak-era Interior Minister Habib al-Adly and Prime Minister Ahmed Nazif over charges of squandering public funds to May 24.

Politics:

Movement co-founder Mahmoud Badr announced that Tamarod Movement will become a political party after the end of the presidential elections scheduled for May 26 and 27.

Business:

The Arabian Food Industries Company (Domty) intends to offer 30 percent of its capital in the Egyptian Exchange (EGX) over the next 18 month.

Minister of Trade and Industry Mounir Fakhry Abdel Nour attended the signing of a contract between Noran Company for Multiple Trade and Sugar Production and 13 different banks.

The Egyptian Exchange granted Beltone Financial Holding Company a license for establishing XT-MISR, the first index fund in Egypt.

In-Depth:

Police forces reportedly killed on Monday a man believed to be the main suspect in the violence that occurred in Ain Shams University last month, in which Al-Dostour journalist Mayada Ashraf was killed.

Editor’s Pick:

Amid escalating detentions for university students, remands are turning into a form of punishment as students are prevented from taking exams without being investigated.

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