7pm News Wrapup July 15
By THE CAIRO POST

News:

Saudi Arabian Deputy Foreign Minister Abdel-Aziz bin Abdullah bin Abdel-Aziz announced Tuesday that Saudi will donate a sum of 200 million riyals to the Palestinian Red Crescent in Gaza, Youm7 reported.

The National Council for Childhood and Motherhood listed 25 cases of violence against children from July 1 to 10, Youm7 reported Tuesday. NCCM General Secretary Azza el-Ashmawy said the council received 11 complaints on its help lines and monitored another 14 cases by observing different media outlets. She said the cases included murder, rape, kidnapping, child trafficking, neglect, and torture.

Politics:

Egypt launched Monday an initiative aiming to end the week-old conflict between Gaza and Israel after the beginning of the Israeli military operation that garnered the lives of many Palestinians so far and injured many more, according to a Foreign Ministry statement.

Cairo Criminal Court adjourned the trial of ousted President Mohamed Morsi and 14 other co-defendants who are accused of killing and inciting murder against protesters at the Ithadeya Presidential Palace to August 20 to continue hearing session of the witnesses.

Business:

The Egyptian Exchange (EGX) rallied and the benchmark EGX30 penetrated the 8,600 point barrier amid high liquidity Tuesday, boosted by the positive performance of leading stocks and strong purchases from foreign institutions.

The Ministry of Electricity will construct a steam powered plant to produce up to 2,250 megawatts in Port Said, a ministry official source told Al-Mal newspaper Monday.

To tackle the electricity shortage crisis and avoid frequent power cuts, the Ministry of Local Development decided Monday to establish energy rationing units in all governorates in the upcoming period, Minister Adel Labib said, according to Mubasher.

Inside Egypt:

A 4,500 year-old ancient Egyptian wooden mallet, which was found in a car boot sale in Northumberland County north of England, was sold for 3 GBP, reported BBC Monday.

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