7pm News Wrapup June 3
By THE CAIRO POST

News:

Egypt’s new president will be officially announced Tuesday night by the High Presidential Elections Committee (HPEC).

Amid speculation of candidate Abdel Fatah al-Sisi’s victory, people took to the streets to celebrate, especially in Tahrir Square amid intense security.

Sisi’s inauguration is to be held among Arab and foreign leaders on June 8 at the al-Qubba palace at 6 p.m.

Politics:

A presidential decree to adopt the parliamentary elections law draft was issued Monday after revising the constitution and interim President Adly Mansour considered the opinions of the Supreme Judicial Committee, the Cabinet, National Council for Handicapped People, State Council, National Council for Human Rights (NCHR) and National Women’s Council among others, before adopting the law.

The Ministry of Foreign Affairs summoned Tuesday Turkish Charge d’Affaires Hedayet Pastor.

Business:

EGX loses 500 million EGP on profit taking.

The Ministry of Communication and Information Technology (CIT) is working on acquiring 9-10 percent of the Gross Domestic Product (GDP) in the last quarter of the current Fiscal Year ending on June 30.

In-depth:

Khaled Ali pleads against protest law, case adjourned to June 17.

Editor’s pick :

FIFA Vice President Jim Boyce said that he would be in favor of re-running the vote for the 2022 World Cup if the widespread bribery allegations surrounding Qatar’s bid are proven.

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