7pm News Wrapup June 4
By THE CAIRO POST

News:

Egypt’s interim President Adly Mansour gave the nation his farewell speech before giving his position as President to his successor, the elected President Abdel Fatah al-Sisi. Mansour thanked the Egyptian population for their appreciation in his one-year term.

Saudi King Abdullah bin Abdulaziz Al Saud called for a donor conference to help boost the Egyptian economy in a congratulatory cable to president-elect Abdel Fatah al-Sisi.

“Egypt’s governorates will not stand idle in front of the swindlers who exploit the desire of ordinary citizens to get housing units,” said Cairo Governor Galal al- Saeed Mostafa.

The United States announced Wendesday that it looks forward to work with the government of Egyptian president-elect Abdel Fattah al-Sisi, while urging him to carry out human rights reforms.

Journalist Abdullah Elshamy was transferred to the prison hospital Tuesday night, state-owned television reported.

The Ministry of Civil Aviation will impose a departure tax of $25 for each tourist leaving Cairo International Airport, effective mid-June.

The Ministry of Antiquities removed all debris and dirt that was covering historical monuments in the Mattariah neighborhood Tuesday, they announced in a statement Wednesday.

Politics:

Cairo Criminal Court, headed by Judge Mohamed Nagy Shehata, adjourned Wednesday the trial of Supreme Guidance of the Muslim Brotherhood Mohamed Badie and 50 other Muslim Brotherhood members to June 17.

Business:

The Egyptian Exchange (EGX) indexes rallied Wednesday boosted by local purchases after the landslide victory of Abdel Fatah Al-Sisi, who was announced Egypt’s new president Tuesday.

Suez Canal revenues rose 8.9 percent to hit $442.4 million in April, compared to a total of $406.1 million during the same month last year, according to Egypt’s information portal.

The United Arab Emirates-based company Arabtec Construction has called on Egyptian and UAE construction companies to submit registration requests to join execution of a 1 million-unit housing project in cooperation with the Military Engineering Authority (MEA).

In-Depth:

The parliamentary elections law adopted on Monday included the presence of three women and three Coptic Christians on the electoral list, which caused controversy within the Salafist Nour Party.

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