7pm News Wrapup July 21
By THE CAIRO POST

News:

U.N. Secretary-General Ban Ki-moon arrived in Cairo Monday for Gaza ceasefire talks after visiting Doha to discuss a Qatari ceasefire plan, several media outlets reported.

The Qassam Brigade, the military wing of the Hamas movement, carried out a new operation in Israel on the eastern border of the Gaza Strip Monday.

The Ministry of Interior is going to launch extensive campaigns in coordination with NGOs and human rights organizations to end sexual harassment and all forms of violence against women, said campaign official Ayman Saafan in a statement Wednesday.

Egyptian media and social media users reacted negatively to a caricature claimed to be Qatari that portrays Egypt as a fat man standing in front of a high wall unable to pass through a small door—a metaphor for Egypt’s inability to apply its ceasefire proposal between Israel and Hamas, Veto reported Monday.

Prime Minister Ibrahim Mahlab issued a Monday decree to raise electricity prices gradually during the next five years starting from July 2014, Al-Masry Al-Youm reported.

Politics:

The Cairo Criminal Court Monday adjourned to Tuesday the trial of Muslim Brotherhood members over accusations they detained two police officers in Rabaa al-Adaweya and tortured and attempted to murder them, Youm7 reported.

The High Parliamentary Elections Committee (HPEC) will meet Monday, headed by Judge Ayman Abbas, in its second preparatory meeting to prepare for the upcoming Parliament elections, Al-Shorouq reported Monday.

Business:

The Egyptian Stock Exchange (EGX) decided, after coordinating with the Egyptian Financial Supervisory Authority (EFSA,) to cancel some precautionary measures that were adopted after the 2011 January 25 Revolution, as trading rates returned to normal levels, according to a Monday statement.

The Egyptian Exchange (EGX) indexes ended on a mixed note Monday and market capitalization shed around 3 billion EGP ($419.49 million) amid selling pressures, mostly from local institutions.

Prime Minister Ibrahim Mahlab held a meeting Sunday to discuss disputes facing Egyptian investors, several media outlets reported.

Without prior notice, the Monetary Policy Committee (MPC) at the Central Bank of Egypt (CBE) decided Thursday to increase the overnight deposit rate and overnight lending rate by 100 basis points to 9.25 percent and 10.25 percent, respectively.

In-Depth:

On the occasion of the 215th anniversary of the discovery of the Rosetta Stone, Egyptian archaeologist Ahmed Saleh called on the Egyptian government to demand the repatriation of one of Egypt’s most famous artifacts from the British Museum in London, Youm7 reported Saturday.

Editor’s Pick:

An appeal of the two-year prison sentence against activist Mahienour El-Massry was accepted Sunday, and she was given a reduced prison term.

After she was sentenced to six years in prison and a fine of 50,000 EGP ($6,992.45) for violating the infamous 2013 Protest Law that prohibits protests without prior license, Massry said that the verdict was “politicized and void” as other defendants in the same case had their appeal rejected, according to her defense attorney Mohamed Hafez.

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