7pm News Wrapup May 30
By THE CAIRO POST

News:

The Twitter account associated with Sinai-based militant group Ansar Bayt al-Maqdis sent a warning Friday to Egyptians: “There will be a decisive battle between faith and disbelief if Sisi continues to rule Egypt.”

The National Council for Childhood and Motherhood (NCCM) said they received 24 claims of politically exploited children  in the recent presidential election, according to the council General Secretary Azza al-Ashmawy in a press conference Thursday.

A 20-year-old man was killed Friday when a homemade explosive he was holding detonated in Cairo’s Manshiyat Naser neighborhood, Youm7 reported. Protests and marches were also staged in the streets nationwide after Friday prayers.

Politics:

Presidential candidate Hamdeen Sabbahi’s electoral campaign raised skepticism over the results of the recent presidential election. It said they submitted a number of complaints to the election commissions in Cairo and other governorates but were refused.

Al-Sadat Democratic Party head Effat El-Sadat called on Egypt’s government to change the name of Rabaa al-Adaweya square in Nasr city to Adly Mansour in a Friday statement.

Business:

“Egypt’s public finances are the main weakness for its sovereign credit profile,” Fitch Ratings said in a Friday report. It also said the victory of Abdel Fatah al-Sisi in the presidential election does not alter “expectations that the authorities will be cautious in addressing the large fiscal deficit.”

Egypt’s budget deficit recorded 163.3 billion EGP ($22 billion) during the first 10 months of the current fiscal year, up from 183 billion EGP in the same period in 2013, the Ministry of Finance (MOF) revealed in a Thursday report.

In a move toward achieving greater sustainable development, Minister of Planning and International Cooperation Ashraf al-Araby said on Thursday that 337 billion EGP in new investments will be pumped into Egypt in the next fiscal year, according to a statement on the Cabinet’s website.

In-Depth:

The Ministry of Religious Endowment is planning to grant 30 ministerial leaders a judicial license to file reports against those not affiliated with the ministry.

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