7pm News Wrapup May 18
By THE CAIRO POST

 

News:

The High Presidential Election Commission extended voting of Egyptian expats to Monday.

Three wooden coffins belonging to an ancient Egyptian chantress, dating back to the 22nd Dynasty (950BC – 730BC), were discovered by the French Archaeological Mission, currently conducting excavations at Saqqara.

The High Presidential Elections Committee (HPEC) will hold an emergency meeting once certain that Abdel Fatah al-Sisi’s electoral campaign distributed free bulbs to make the proper decision on this “electoral violation.”

Politics:

Amr Rabei, 21, a student whose name recently went viral across news and on social media, appeared May 17 in Abbasiya Prosecution, after a two months disappearance that had been reported by his family.

Hamdeen Sabbahi will not withdraw from the presidential race unless his supporters are attacked or elections are rigged.

Business:

The net loss of leading Investment Company in Africa and the Middle Citadel Capital (CCAP) shrank by 54.5 percent in the fourth quarter in 2013 to 128.5 million EGP ($18.7 million).

Subsidies directed towards petroleum products will be reduced by 35 billion EGP in the 2014/2015 budget, to total 100 billion EGP instead of the 135 billion during the current fiscal year.

Editor’s Picks:

In an opinion poll conducted last week by the Egyptian Center for Public Opinion Research (Baseera), 48 percent of the respondents said that they do not know the date of Egypt’s upcoming presidential elections.

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