7am News Wrapup June 25
By THE CAIRO POST

News:

An administrative court nullified Tuesday a prior decision issued by the Cairo Court for Urgent Matters to seize the funds of 20 schools on charges of affiliation with the outlawed Muslim Brotherhood, Youm7 reported.

Nine human rights organizations released a statement Tuesday denouncing verdicts against three Al Jazeera English reporters in the “Marriott Cell” case.

Politics:

President Abdel Fatah al-Sisi will travel to Algeria Wednesday before flying to Equatorial Guinea, according to a presidential statement Tuesday evening.

Sustainable funding for African Union activities is a “must,” said Foreign Minister Sameh Shoukry at the Agriculture and Food Security Summit held in Malabo Monday.

Business:

President Abdel Fatah al-Sisi announced Tuesday during a commencement speech at the Military Academy that he will take a 50 percent pay cut.

The Egyptian Stock Exchange (EGX) indexes closed Tuesday on a collective decline, losing 4.8 billion EGP ($671 million) in capital due to Egyptian investors’ intensive sales, while Arab and foreign investors mostly purchased.

Editor’s Pick:

Bruised and bloodied teenagers met with lawyer Mohamed Hafez June 6their arrests had taken place over the past six months for various charges including illegally participating in protests.

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