7am News Wrapup July 2
By THE CAIRO POST

news:

The South Cairo Criminal Court adjourned to July 6 the trial of three suspects accused of sexual harassment in Tahrir Square during Abdel Fatah al-Sisi’s inaugural celebrations.

Three jihadists were killed Tuesday in North Sinai while 10 were arrested and they are currently being interrogated.

Six people were arrested Tuesday as police forces suspected they were involved in the bombings that hit areas surrounding Ithadeya presidential palace June 30.

 The Supreme State Security Criminal Court in session at the Police Academy Tuesday adjourned the case of the alleged Nasr City terrorist cell to July 12 in order to continue hearing defense presentations.

politics:

Egypt Political parties are now preparing to make arrangements to be able to compete in the upcoming parliamentary elections.

Business:

President Abdel Fatah al-Sisi issued a decree Tuesday to amend some provisions of the Income Tax Law and Stamp Duty Law, according to a statement from the presidency.

The Ministry of Electricity plans to add 73,000 megawatts of electricity in capacity by 2027 to reach 97,000 megawatts, compared to the current 23,000 megawatts.

Egyptian Prime Minister Ibrahim Mahlab said that the new budget includes increases in fuel prices, as the subsidy will be reduced by 40 percent. Electricity prices will also rise by 15 to 20 percent.

 In-depth:

Thirty slums in Cairo and Giza are under development at a cost of 350 million EGP and the Slum Development Fund (SDF) put forth a plan to develop more slums in different governorates.

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