7 pm News Wrapup June 5
By THE CAIRO POST

News:

High temperatures cause overload at electricity plants, as a number of power stations may malfunction in the current days.

The Sohag Criminal court sentenced Thursday 28 suspected Muslim Brotherhood members to various prison terms, and 10 others were acquitted.

Amnesty International condemned Wednesday “indiscriminate mass surveillance” of social media in Egypt by the Ministry of Interior.

Politics

Prime Minister Ibrahim Mahlab announced the Cabinet will resign  Monday morning.

The Japanese Foreign Ministry sent president-elect Abdel Fatah al-Sisi its congratulations, describing the presidential election a “step towards political normalization in Egypt based on the roadmap.”

Egypt’s presidency office did not invite Qatar, Turkey, or Israel to attend the inauguration ceremony of the newly elected president Abdel Fatah al-Sisi on Sunday.

The government approved two draft laws of the Exercise of Political Rights and the Parliament after it added amendments to the Parliament law.

Amendments to parliamentary elections law continue to draw criticism from political parties, which claim they have not been consulted in the process.

Business

Cairo has created a list of projects to be sent to Gulf countries including the UAE, Saudi Arabia and Kuwait to provide funding worth $ 7.66 billion.

The Central Bank of Egypt (CBE) is set to auction 6 billion EGP ($839.1 million) in treasury bills Thursday, amid ongoing efforts to fill a soaring budget deficit, according to the CBE’s official website.

The Egyptian Exchange (EGX) indexes surged during Thursday’s mid-session powered by a takeover offer by Beltone Financial along with a group of investors to buy a 20 percent stake in EFG-Hermes.

Egypt’s net foreign reserve fell from $205 million to $17.284 billion by the end of May, down from $17.489 billion in April.

In-depth:

El-Shamy in “good health”: The June 30 fact-finding committee, established by the interim President Adly Mansour in Jan. 2014 said Thursday that Abdullah Elshamy, a detained Al Jazeera journalist on a hunger strike, is in ‘good health.’

Samir Sabry: The lawyer behind the banning of the Muslim Brotherhood, April 6 Youth Movement and Hamas spoke to The Cairo Post about the numerous and controversial lawsuits of his career.

Editor’s pick:

Author sentenced to jail for blasphemy in story collection.

Sama3na Maziktak oriental Fusion festival kicks off tonight at The Cairo Jazz Club: Sounds of harmony that knows no borders.

 

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