7am News Wrapup May 16
By THE CAIRO POST

News:

The Cairo Criminal Court adjourned the trial of Alaa and Gamal Mubarak, and six other defendants, in their stock embezzlement case to June 12.

Minister of Transport Ibrahim el-Demeiry said Thursday that he reviewed opportunities for cooperation between Egypt and France in the transportation field.

 

Politics:

Prominent figures in Egypt’s tourism sector, in coordination with the Egyptian Travel Agents Associations (ETAA), convened Thursday for a rally at the Giza Pyramids in support of presidential candidate Abdel Fatah al-Sisi.

The only two presidential candidates in the upcoming race, Abdel Fatah al-Sisi and Hamdeen Sabbahi, differ in their views of how to deal with Israel if they were to become president.

 

Business:

Souq.com announced Wednesday the launch of what it says is Egypt’s first “Online Marketplace University” with the aim of assisting young entrepreneurs in starting their own online ventures.

Minister of Petroleum Sherif Ismail announced that energy prices including for diesel oil and solar will soar in the upcoming period.

Interim President Adly Mansour approved a government agreement signed in Luxemburg on Dec. 17 between Egypt and the European Investment Bank securing a €205 million loan.

 

In-Depth:

Another woman from The Beladi Foundation for street children has been arrested, adding to a case in which its Egyptian-American founder has been accused of politically exploiting children.

 

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