7pm News Wrapup June 9


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.


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.


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).


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.

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