7 am News Wrapup July 19
BY THE CAIRO POST

News:

The Federation of Egyptian Industries said Monday that there are currently 7,000 factories in Egypt facing closure or financial problems due to political tension and a lack of security over the past three years.

Acampaign called “Min Byheb Masr” (Who loves Egypt?) has launched a strategy to rehabilitate an estimated 25 million slum dwellers by giving them food and providing basic needs.

Politics:

The President of the Emirati Council, Ahmed al-Mor, has left Egypt with his delegation after attending the urgent meeting of the Arab Inter-parliamentary Union discussing the Israeli attack on Gaza, Youm7 reported.

French Foreign Affairs Minister Laurent Fabius said in a statement Friday that Paris supported the Egyptian initiative for a ceasefire between Hamas and Israel which Hamas previously refused, Youm7 reported.

Business:

The IFP Group (International Fairs and Promotions) announced the inauguration of its first subsidiary in Egypt during a conference held late Thursday in Cairo under the auspices of Ministry of Supply and Internal Trade.

Editor’s pick:

Foreign Minister Sameh Shoukry accused Palestine’s Hamas, Turkey, and Qatar of trying to abort Egypt’s role in the region, he said Thursday evening during the Ramadan Iftar meal with heads of the national newspapers in the Ministry headquarters.

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