7pm News Wrapup June 7
By THE CAIRO POST

News:

Ten defendants were sentenced to death in absentia Saturday by the Criminal Court of Shubra el-Kheima in the case known as the Qalyub trial, and their case was referred to the Grand Mufti for consultation.

Security forces arrested a student suspected of burning a police booth in front of Cairo University Saturday morning, a day before President-elect Abdel Fatah al-Sisi’s inauguration amid high security measures.

Unidentified militants on a motorcycle threw a homemade bomb at a security checkpoint in the vicinity of Kobri el-Qobba presidential palace in Hadayeq el-Qobba early Saturday morning, without any casualties or damages.

The National Alliance to Support Legitimacy (NASL) called on its supporters to protest during the inauguration ceremony of President-elect Abdel Fatah al-Sisi Sunday, according to a Friday statement.

As Egypt prepares to swear in its fourth leader since 2011, a huge slice of $1.5 billion in U.S. aid remains in deep-freeze amid fears the nation is sliding back into authoritarianism, the AFP reported.

Meanwhile, Western advisers are drawing up plans for reshaping the Egyptian economy, sources said, with the apparent blessing of President-elect Abdel Fatah al-Sisi who so far has spoken only vaguely in public about reviving the state’s finances, Reuters reported.

Politics:

All security institutions have been on high alert in order to secure the inauguration ceremony of President-elect Abdel Fatah al-Sisi Sunday morning. “The Ministry of Interior and the armed forces will impose an ‘iron fist’ to guarantee the security for this patriotic event in a civilized way,” according to a government statement.

Many organizations and civic groups will attend the inauguration ceremony of President-elect Abdel Fatah al-Sisi Sunday, and many of them will come with agendas they hope to address to the future president.

Business:

The trade deficit decreased by 43.3 percent in February 2014 to hit 11.72 billion EGP ($1.6 billion) compared to 20.66 billion EGP during February 2013, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced Saturday in its monthly bulletin.

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