7pm News Wrapup June 26
By THE CAIRO POST

News:

In his first international speech during the African Union’s 23rd Ordinary Summit, held in Equatorial Guinea’s capital Malabo, Sisi asserted Egypt’s relations with the African continent are not only based on geographical and historical aspects but also on the mutual identity.

In accordance with the newly adopted presidential decree to the University law regarding choosing university faculty deans and presidents, 19 deans at the Cairo University will be removed, Youm7 reported Thursday.

Politics:

President Abdel Fatah al-Sisi said Thursday that achieving development plans is a “priority challenge” facing Egypt, reported Youm7.

The Cabinet agreed during a Wednesday meeting on President Abdel Fatah al-Sisi’s decree to apply the maximum wage in all state entities.

Business:

Egypt will pay $1.5 billion of the money it owes to foreign energy companies by the end of 2014, its oil minister said on Thursday, as the government aims to lure back wary investors to tap its reserves and boost production to meet soaring demand.

Editor’s Pick:

Detained Al Jazeera journalist Mohamed Fahmy, who was sentenced to seven years in the Mariott Cell case, donated 15,000 EGP in response to President Abdel Fatah al-Sisi’s announced initiative to donate for Egypt, reported Aswat Masriya Wednesday.

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