7am News WrapUp May 8
By THE CAIRO POST

News:

The Obama administration plans to nominate its ambassador in Iraq to be the new U.S. envoy in Cairo, U.S. officials said on Wednesday, as U.S.-Egyptian ties remain strained following the Egyptian army’s ouster of an elected president last year.

Environment Minister Laila Iskandar said the15th session of the African Ministerial Conference on the Environment (AMCEN) will be held in Cairo in September.

The 15th session will provide a platform for African environment ministers to deliberate on substantive issues of importance to Africa as a follow-up to the key outcomes of the Rio+20 summit as well as the development of the action plan for the environment initiative of NEPAD, and the UN Environment Program (UNEP), she said.

Politics:

In preparation for the forthcoming presidential elections, the April 6 Youth Movement launched a campaign against remnants of former President Hosni Mubarak’s regime, the Muslim Brotherhood and presidential candidate Abdel Fatah al-Sisi, titled “Our Youth Against You.”

Business:

Ahmed el-Zeiny, head of the Building Material Division at the Cairo Chamber of Commerce, announced on Wednesday that the price of cement has made a tangible decline of 50 EGP per ton, reducing its worth to 780 in mid-April, the Al Mal business newspaper reported.

The Enterprise Forum for the Arab Region will be organized in Cairo from May 20-22 in cooperation with Abdul Latif Jameel Community Initiatives and M.I.T.

In-Depth:

In the second part of his interview from Tuesday night, former Field Marshal Abdel Fatah al-Sisi stressed the role of state institutions and national projects as possible solutions for unemployment while speaking with Lamis el-Hadidi and Ibrahim Eissa on ONTV and CBC satellite channels.

The interview was received well by some, including editor of Sawt Al-Umma newspaper Abdel-Halim Qandil, who said in a television interview that Sisi “understands this phase’s challenges,” and “Sisi showed us about his economic character during the interview.”

Editors’ Picks:

Minister of Antiquities Mohamed Ibrahim announced a new project on Monday to build a permanent mini museum at the Cairo International Airport to serve Egypt’s transit passengers.

During his Monday’s inspection tour of the Egyptian Museum, Ibrahim said the Cairo Airport mini museum will house approximately 100 artifacts that are in the storage rooms of the Egyptian Museum.

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