7pm News Wrapup June 17
By THE CAIRO POST

Peace and Security Council of the African Union members unanimously unfroze Tuesday Egypt’s membership which had been suspended two days after the ouster of Former Islamist President Mohamed Morsi on July 3, 2013.

The meeting comes following a report that was previously drafted by Alpha Oumar Konare, chief of Africa’s Committee of the Wise. The report emphasized that the AU’s decision to freeze Egypt’s membership was based on a “misunderstanding and misestimating” the circumstances that led to the June 30 Revolution.

News:

A total of 34 ministers of the new Cabinet were sworn in Tuesday morning at 7:00 a.m. at Ithadeya Presidential Palace with the attendance of President Abdel Fatah al-Sisi. The new cabinet includes 34 portfolios, out of which 13 are new.

A U.S. Court rebuffed the U.S. attorney’s suit against the Saint Louis Art Museum (SLAM) to retrieve a 3,500 year old smuggled ancient Egyptian mask because the claimants had no evidence to prove the mask was stolen, according to Youm7.

Politics:

The Administrative Court headed by Judge Mohamed Qeshta allowed lawyer Khaled Ali to appeal articles number 8 and 10 of the protest law in front of the constitutional court Tuesday.

Cairo Criminal Court adjourned the trial of 50 Muslim Brotherhood members, leaders and former Supreme Guide Mohamed Badie to June 23; the defendants are accused of forming an operations room during the Rabaa al-Adaweya sit-in last year and inciting violence.

Cairo Criminal Court of Supreme State Security adjourned Tuesday the trial of 26 suspects in the Nasr City terrorist cell case to July 1 to continue hearing the defense team.

Business:

Kuwaiti KGL Logistics Company expressed its willingness to invest in the Egyptian market in the upcoming period, especially with the last development in political and economic actions.

The World Bank Group started talks with the stakeholders of civil society and private sector Sunday to set the future framework of cooperation between the World Bank of Egypt (WBE) and the government during the next five years, according to a Sunday press release.

The Egyptian Financial Supervisory Authority (EFSA) set initial contract Model and the Statute of Investment Fund on Monday alongside the latest amendments at the investments fund.

In-Depth:

Police forces, investigation of supply authority, and judicial rulings forced Zad markets and Seoudi to close all 42 branches and to make an inventory of its contents in Greater Cairo, according to a judicial ruling issued in March, an official source told Al-Shorouq Sunday.

Editor’s Pick:

New alternative space allocated for street vendors to sell their goods and earn their living will be announced as soon as possible, said deputy Cairo governor Mohamed Ayman Abdel Tawab.

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