7pm News Wrapup June 30
By THE CAIRO POST

President Abdel Fatah al-Sisi Monday gave a national address to mark the first anniversary of June 30. A year ago today, mass protests called for the removal of Islamist former President Mohamed Morsi and the Muslim Brotherhood.

News:

A number of bombs exploded near the Ithadeya presidential palace as security forces were trying to clear the area from threats. Two police officers died while attempting to diffuse the bombs with bomb squad experts, and nearly ten people were injured. Here is the live update.

The Orthodox, Catholic, and Evangelical Churches intensified their meetings to develop proposals for a consolidated law on the construction of churches to be submitted to authorities in the upcoming period, Youm7 reported Monday.

Politics:

The National Coalition for Supporting Legitimacy (NCSL) called Monday for a new “uprising” on July 3, on the one-year anniversary of the day former President Mohamed Morsi was toppled by the army.

Prominent Egyptian author Alaa al-Aswany will refrain from writing his weekly column in Al-Masry Al-Youm. “Criticism and difference in opinion is currently no longer allowed,” he said last Monday.

Business:

The Egyptian Exchange (EGX) indexes rebounded Monday and ended the session in the green, boosted by purchases of local and foreign institutions as well as Arab retail traders.

The capital gains tax on stock market profits and dividends will be applied “very soon” with no amendments, Prime Minister Ibrahim Mahlab said in an interview with Al-Watan newspaper published Monday.

The state-owned Chemical Industries Holding Company (CIHC) plans for 5.1 billion EGP in new investments during Fiscal Year 2014-15 in the chemical industries sector, CIHC board chairman Yahiya Mashaly said Sunday.

The Ministry of Finance is set to borrow 79.5 billion EGP ($839.1 million) in treasury bills and bonds during July, amid ongoing efforts to fill a soaring budget deficit, the ministry announced in a Sunday statement.

In-Depth:

Residents of Duweiqa slums in Cairo have been moved to areas far from the hills and cliffs of Moqattam to save them from potential rockslides, Minister of Urban Development Laila Iskandar told Youm7 Sunday.

Editor’s Pick:

Antiquities Minister Mamdouh el-Damaty announced in a press release Monday that archaeological surveys near Egypt’s Delta town of Rosetta had unearthed the ruins of a 2,000-year-old city that was buried under a thick layer of Nile silt, according to Youm7 Monday.

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