7pm News Wrapup June 23
By THE CAIRO POST

News:

The Cairo Criminal Court headed by Judge Mohamed Nagy sentenced Monday Al Jazeera correspondents, including Peter Greste, to seven years in prison  over  charges of inciting violence, committing terrorism, publishing false news on Qatari-owned network Al Jazeera and aiding the outlawed Muslim Brotherhood.

President Abdel Fatah al-Sisi and U.S. Secretary of State John Kerry discussed methods to combat terrorism in a Sunday meeting.

An African Union summit called “Agriculture and Food Security in Africa” is scheduled in Malabo, Equatorial Guinea on Monday, where African Ministers of Foreign Affairs will start preparatory meetings.

The publicly owned National Company for Construction and Development (NCCD) is competing to execute infrastructure projects in Ethiopia and the Nile Basin countries in the upcoming period.

Politics:

Twenty-four protesters were detained up to 24 hours in prison over charges of violating the protest law, inciting chaos, damaging public and private entities, possessing weapons, explosives and “incendiary materials”, resisting authorities and assaulting security forces.

The 7-year prison sentence against three Al Jazeera correspondents on charges of inciting violence, committing terrorism and aiding the outlawed Muslim Brotherhood, is “appalling” and was delivered “without a shred of evidence.”

Business:

For the second time in one week, customs officials succeeded in foiling an attempt to smuggle 70 tons of benzene to Turkey.

Egypt lost $500 billion during the past 15 years due to corruption in the energy sector—especially in petroleum and natural gas—because there are 16 contracts that export natural gas from Egypt below international natural gas prices.

The Egyptian government plans to attract between 230 billion EGP to 260 billion EGP ($32.2 billion to $36.4 billion) of direct national investments and about $8 billion to $10 billion of foreign investments during the next fiscal year.

Fifty-five percent of Egypt’s new public budget for Fiscal Year 2014-15 will be allocated to the social dimensions program, including health, education, scientific research and developmental projects.

Editors’ Pick:

Filmmaker Omar El Zohairy won the Best Student Short Film Over 15 Minutes Award with “The Aftermath of the Inauguration of the Public Toilet at Kilometer 375” at the 20th annual Palm Springs International ShortFest film festival in California Sunday.

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