7pm News Wrapup May 14
By THE CAIRO POST

News:

The Cairo Criminal Court Wednesday adjourned to May 20 the trial of the ousted President Mohamed Morsi and 14 others in charges of inciting the murder of demonstrators outside Cairo’s Ithadeya presidential palace in late 2012.

The Ministry of Foreign Affairs urged Egyptians abroad to vote “intensively” in the presidential elections, which will be hosted in 141 polling stations in 124 countries starting Thursday.

Politics:

The Vatican and the Coptic Church are more united than divided, Pope Francis told Coptic Patriarch Pope Tawadros II in a Tuesday message to commemorate the Coptic pope’s last year visit to the Vatican.

Foreign Minister Nabil Fahmy met Tuesday evening with a high-level British parliamentary delegation, including members of the House of Lords and House of Commons who constitute the group of “Friends of Egypt” in the British Parliament.

Business:

The number of tourists visiting Egypt dropped 32.4 percent in March, to total 755,000 tourists, compared to 1.117 million tourists during March 2013.

The Egyptian Exchange (EGX) indexes Wednesday amid remarkable improvement in liquidity and market capitalization gained 5.2 billion EGP ($737 million), getting support from positive performance of real estate stocks, most notably were Talaat Moustafa and Palm Hills.

Citadel Capital (CCAP),  a leading investment company in Africa and the Middle listed on the Egyptian Exchange, announced Tuesday it had received an offer to sell 100 percent of Sphinx Glass for an equity value worth $112 million.

In Depth:

Public prosecutor Hisham Barakat ordered Supreme State Security Prosecution to investigate allegations that Minister of Interior Mohamed Ibrahim abducted four students in April.

Editors’ picks:

Cairo’s St. Mark Cathedral shook with warm intense applause that continued for over two minutes after Pope Tawadros II expressed appreciation for presidential candidate Abdel Fatah al-Sisi’s visit to the cathedral during the April 19 Easter liturgy.

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