7am News Wrapup June 9
By The Cairo Post

Abdel Fatah al-Sisi took oath as Egypt’s President for a four-year term Sunday before the Supreme Constitutional Court (SCC).

Sisi and his predecessor Adly Mansour signed a transfer power document at the Itahdyia Presidential palace, the first time in Egypt’s history. Both of them greeted the Arab and international guests who attended Sisi’s inauguration.

Egyptian civilians representing the different brackets of society attended the celebrations in Qasr al-Qoba Sunday evening. Sisi addressed the nation and discussed tackling economy, education, security, and foreign politics.

News & Politics:

The Freedom for the Brave Movement published a medical report on the deteriorating health condition of Tora prisoner Mohamed Sultan.

After the inauguration of President Abdel Fatah al-Sisi, Iran has announced it is ready to cooperate with Egypt.

An armed group attacked a military checkpoint in Sheikh Zuwayed, North Sinai and one civilian was killed.

ECESR said it fears pressure on the judge deliberating its lawsuit against the use of coal as fuel in Egypt’s power generation.

Business:

A 1.7 billon EGP syndicated loan agreement has been signed between number of banks and National Port Said Steel.

The Egyptian state-owned Eva Pharma will establish a pharmaceutical company called Eva Smart in Sudan.

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