7 pm news wrapup May 13
By THECAIRO POST

One student was injured during clashes between pro-Muslim Brotherhood students and security forces in the surroundings of Ain Shams University.

The verdict issued by the Abdeen Court for Urgent Matters to ban the activities of the April 6 Youth Movement is uncontested 15 days following its issue.

The Cairo Criminal court adjourned on Tuesday the trial of ousted President Mohamed Morsi over the violence that broke out in front of Ithadeya Presidential Palace to May 14 to continue hearing the witnesses.

Politics:

Foreign Minister Nabil Fahmy stressed that the relations between Egypt and the U.S. recently witnessed notable improvement due to efforts exerted by the current transitional authorities to convince the world that Egypt struggles against “terrorism.”

Business:

The Egyptian Exchange indexes (EGX) ended up Tuesday amid remarkable improvement in liquidity and market capitalization, and gained 2.1 billion EGP ($300 million), getting support from purchases of local and Arab foundations.

Minister of Planning Ashraf el-Araby expected economy to grow by 3 to 5.3 percent, as total investments are likely to reach 330-340 billion EGP, during 2014/15 Plan for Economic and Social Development.

In Depth:

In the second part of his interview with the Sky News Arabia television channel on Monday, presidential candidate Abdel Fatah al-Sisi pledged to protect Arab countries, and said winning the presidency would be like “sitting on fire.”

Officials in Wadi Gedid governorate finished the necessary measures to welcome the second phase of Pharaohs’ International Cross Country Rally according to several media reports Monday.

Editors’ picks:

The National Council for Wages is studying restructuring the wages of government employees, especially bonuses and incentives, and separating bonuses from the main salary, a governmental source told Youm7 Tuesday.

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