Mohamed Morsi reportedly was depressed after hearing the results of the presidential elections, and said 93 percent of the votes was “too much,” and added that Field Marshal Abdel Fatah al-Sisi had wanted to end the Muslim Brotherhood.
- An assailant was killed in Manshaat Nasser after a bomb he was carrying exploded.
- The ring road witnessed violent clashes between security forces and Muslim Brotherhood supporters.
Experts said imposing a 10 percent tax on stock exchange net profits incurred 18.3 billion EGP losses on the stock exchange, due to the escape of some investors from the market. Chairperson of the Egyptian Investment Management Association Yasser el-Mallawany said Egypt needs to attract more investments and this contradicts with imposing taxes.
- Hamdeen Sabbahi submitted appeals to High Presidential Election Commission.
- Electricity prices for shops rise by 50 to 120 percent.
- €100 million to develop Imbaba through cooperation with the European Union.
Chemical Industries Exporting Council headed the list of exporting councils in exporting from January to April by 18 percent. The volume of non-petroleum exports reached 55.1 billion EGP and chemical exports reached 7.9 billion EGP.
- Because of genetic and environmental factors, 7 percent of Egyptians have asthma, most of whom are children.
- The new president’s name will be officially announced Monday.
- 25 Muslim Brotherhood members arrested in Alexandria.
Official sources at Ministry of Electricity said that electricity loads rose noticeably in the last couple of days due to the rise in temperature. The sources said that the new budget includes a decrease in energy subsidies which will cause a 20 percent increase in electricity prices.
- Malaria outbreak in Aswan infects at least 11 persons and frightens residents.
- Azhar University starts re-housing dorms’ students.
The Giza Governorate started making a comprehensive study for a strategic plan for the new investment zone in Al-Wahat al-Bahariya road on 8,300 acres by cooperation with Cairo University’s Faculty of Engineering and some experts.
- The government cancels the stock exchange tax after pressure from investors.
- International Labor Organization removes Egypt from the blacklist of syndicate freedoms.
- The Ministry of Environment provides discounted food products to prepare for Ramadan.