7pm  News Wrapup May 19
By: THE CAIRO POST

News:

Abdallah Assem, the 17-year-old who represented Egypt in the Intel International Science and Engineering Fair in California last week, will not return to Egypt.

Security forces intensified their presence around universities in anticipation of Muslim Brotherhood demonstrations.

The Alexandria Criminal Court Monday upheld the death penalty against Mahmoud Hassan for throwing a teenage boy off a rooftop in Alexandria.

Politics:

The European Union Election Observation Mission (EOM) explained its election monitoring process ahead of presidential elections scheduled for May 26 and 27.

Business:

The ministers of electricity, petroleum and a number of international energy companies will participate in an initiative to promote energy conservation to counter the current Egyptian energy crisis.

The Egyptian Exchange (EGX) indexes ended in the green Monday, offsetting morning losses after getting support from market bellwether CIB, Global Telecom and some real estate stocks. Market capitalization added more than 1.6 billion EGP ($224.9 million).

Editor’s Pick:

Presidential Candidate Abdel Fatah al-Sisi proposed a 1 trillion EGP ($140.5 billion) development plan entailing restructuring Egypt’s map and encouraging population growth in rural areas.

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