7pm News Wrapup May 25
By THE CAIRO POST

News:

Egypt’s Grand Mufti Shawki Allam condemned fatwas issued by controversial cleric Youssef al-Qaradawi that forbade participation in the presidential elections scheduled for May 26 and 27.

Interim President Adly Mansour , who has held his position for less than a year, may revert to his former position as head of the Supreme Constitutional Court.

The Ministry of Endowment dismissed their Giza Secretary Essam Helmy, an active member of the Muslim Brotherhood.

Recent verdicts issued against minors show the need for specialized courts and judges to deal with children’s criminal cases separately from the adult offenders.

Politics:

Several political parties have refused the finalized draft of the parliamentary elections law, which had been ordered by interim President Adly Mansour on April 14.

The Cairo Declaration, launched Saturday, aims to “confront military rule to pave the way for restoring democracy,” National Conscience Front (NCF) Chairperson Ambassador Ibrahim Yossri told The Cairo Post.

Business:

The Egyptian Exchange (EGX) indexes had a mixed performance Sunday, with the benchmark index EGX30 trading sideways as investors anticipate the presidential election slated for Monday and Tuesday.

Editors’ Picks:

In lead-up to the presidential elections, the economy has mirrored the nation’s political standstill amid ongoing instability, which has scared off a number of investors and lead many to wait for the next head of state to be chosen before making any move.

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