7pm News Wrapup July 22
By THE CAIRO POST

News:

Four people were injured Tuesday in a road accident in which Prime Minister Ibrahim Mahlab’s convoy crashed into other vehicles in Damietta governorate (Delta).

North Giza Criminal Court decided Tuesday to set free Egyptian businessman and figure of former President Hosni Mubarak’s regime Ahmed Ezz. He was fined 50 million EGP ($9.6 million) over illicit gains charges.

The Ministry of Planning allocated 4.5 billion EGP to the General Authority for Roads, Bridges and Land Transport (GARBLT).

Politics:

Foreign Minister Sameh Shoukry asserted during a press conference Tuesday:  “Any talks about amending the Egyptian proposal to stop Israeli aggression are baseless and do not rely on any evidence.”

After meeting with Shoukry, U.S. Secretary of State John Kerry decided to extend his visit to Egypt for one more day for talks to step up efforts on a ceasefire between Israel and Hamas on the Gaza Strip.

Minister of Housing Mostafa Madbouly presented during a Monday conference the problems of the sanitation system in Egypt, saying that 85 percent of Egypt’s rural areas have no access to sanitation systems, and developments to the system will cost at least 100 billion EGP.

Business:

The Egyptian Exchange (EGX) indexes rebounded during Tuesday’s early and mid-session trading, recovering from two days of negative performance due to some negative news.

Vodafone Egypt plans to invest 9.5 billion EGP during the next three years to develop its network infrastructure.

The World Bank is set to fund $500 million to connect natural gas pipelines to 5.1 million housing units.

In-depth:

Al-Azhar University will allocate 180 million EGP to develop the faculties that do not have buildings.

Editor’s picks:

Journalists: Gaza-Israel conflict ‘politicized‘ in western media outlets.

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