7 am News Wrap-up June 30
By THE CAIRO POST

News:

Attorney General Hisham Barakat referred three defendants—an Egyptian and two Israelis—to criminal court on charges of spying.

Egyptian-Emirati joint maritime exercises labeled Khalifa 1 which were being held in the Red Sea ended Sunday in light of enhancing the bilateral relations between both countries and exchanging experiences.

Authorities at Cairo International Airport foiled Sunday an attempt to smuggle 44 manuscripts of the “Description de l’Égypte” publication found in mail parcels bound for Kuwait. The manuscripts were confiscated and are being delivered to the Ministry of Antiques.

Politics:

The Ministry of Religious Endowments (Awqaf) barred 26,000 Muslim Brotherhood members and Salafists from giving Friday prayer sermons as a response to Minister of Religious Endowment Mohamed Mokhtar Gomaa giving instructions to ban MB supporters or Salafist preachers.

The increase of fuel prices will be applied after Ramadan, the ninth month of the Islamic calendar

Business:

Egypt‘s President Abdel Fatah al-Sisi approved a revised and tightened budget for the 2014/15 fiscal year, the Finance Ministry said on Sunday, as the first step towards a period of painful economic austerity

The Ministry of Planning in the next month will finish a comprehensive plan for administration reform that includes restructuring wages; the wage restructuring will be implemented by the end of 2014.

Saudi Arabia will send more petroleum aid to Egypt within the next two months in amounts in excess of 1.3 million tons with a value between $700 million to $800 million.

The government has allocated 3.6 billion EGP in the new Fiscal Year 2014-15 budget for executing developmental projects all over the governorates in coordination with concerned parties and ministries

Editor picks:

Egyptian Government defined three conditions to allow the import of Israeli gas; getting permission from the state, gas must fulfill added value to Egyptian economy, and there must be solutions to deal with international arbitration cases issued against Egyptian companies.

Recommend to friends

Leave a comment