7pm News Wrapup June 9
By THE CAIRO POST

News:

An armed group attacked a military checkpoint in Arish, North Sinai Sunday evening, killing one civilian and injuring a soldier.

President Abdel Fatah al-Sisi issued his first presidential decree Sunday by giving former President Adly Mansour the Order of the Nile for his role during the transitional period.

Politics:

Egypt’s interim cabinet headed by Prime Minister Ibrahim Mahlab resigned Monday after Abdel Fatah al-Sisi took the presidential oath Sunday evening.

However, Sisi reinstated Mahlab as Prime Minister in the new government Monday.

Business:

Egypt will have 337 billion EGP in new investments during the next fiscal year.

The Egyptian Exchange (EGX) indexes rallied during Monday’s mid-session and market capitalization gained 4.7 billion EGP backed by upbeat investor sentiment about the inauguration of President Abdel Fatah al-Sisi.

The Ministry of Finance (MOF) is set to borrow 65.2 billion EGP ($839.1 million) in treasury bills during June, amid ongoing efforts to fill a soaring budget deficit.

The Egyptian Exchange (EGX) indexes rallied Monday and market capitalization gained 3.3 billion EGP ($461 million).

In-depth:

President Abdel Fatah al-Sisi addressed the nation in a speech from Kobri el-Qobba palace following his inauguration. “We will build our country on the basis of social justice and human dignity, which provide us with freedom and a prosperous life,” Sisi said.

Editor’s pick:

A video of a woman who was sexually assaulted and left naked after a mob harassment in Tahrir Square Sunday went viral and outraged advocate groups who blamed it on the Ministry of Interior’s deficient security plans during Sunday’s celebrations.

Recommend to friends

Leave a comment