The Sohag Criminal court sentenced 27 suspected Muslim Brotherhood members to various prison terms Thursday, and one was sentenced to life in prison over charges of belonging to terrorist group, rioting, cutting roads and possessing unlicensed weapons.
The Egyptian Exchange (EGX) indexes soared on Thursday and market capitalization gained 10.7 billion EGP, boosted by a takeover offer by Beltone Financial to buy a 20 percent stake in EFG-Hermes.
- Interim President Adly Mansour issued a decision to impose a 5 percent tax on high-income Egyptians that will last for three years and the first payment will be due starting January 2015
- UN Secretary General Ban Ki-moon invited president-elect Abdel Fatah al-Sisi to attend the meeting of the General Assembly of the United Nations scheduled to be held in September
- 10 percent increase in pensions in July according to the Cabinet’s decision: Minister of Social Solidarity Ghada Waly
- The Ministry of Tourism launched its Tourism Development Investment Fund (TDIF) worth $1 billion aiming to boost the tourism sector
- 16 international and Arab leaders have approved the invitations sent by Egyptian presidency to attend the swearing-in ceremony of Abdel Fatah al-Sisi scheduled to be held Sunday
- Amendments to the parliamentary elections law that was adopted Monday by Interim President Adly Mansour sparked controversy among political parties
- The parliamentary elections law decreased the maximum legal expenditure of advertising and other promotional campaigns for individual seats from 2 million to 500,000 EGP
Interim President Adly Mansour issued a decree to amend some articles in the criminal law issued in 1937 to toughen the penalties of sexual harassment by imprisonment for at least six months, fining 3,000 to 5,000 EGP, or both.
The Egyptian Electric Utility and Consumer Protection Regulatory Authority announced temperatures soar into the mid-40s Celsius and instructed a number of power stations to implement rolling blackouts to reduce the load on the system.
- The June 30 fact-finding committee said Thursday that Abdullah Elshamy, a detained Al-Jazeera journalist, would break his hunger strike, adding that he is not a political prisoner
- The International Bank stated that Egyptian economy loses 47 billion EGP annually due to traffic in Cairo
- Interim President issued a decision to ban non-appointed preachers in Ministry of Religious Endowment or Al-Azhar from delivering sermons in mosques