7pm News Wrapup July 24
By THE CAIRO POST

News:

A humanitarian aid convoy passed al-Qantara town east of  the governorate of Ismailia a 4-hour delay on its way to Gaza via Rafah border crossing after, the Al-Aish we al-Horeya Party announced Thursday.  

The armed forces have destroyed two homemade rockets, two remote controlled car bombs along with six explosive devices in a crackdown targeting hideouts of “takfiri” group members in North Sinai’s city of Sheikh Zuweid, military spokesperson Mohamed Samir in a statement.

Politics:

U.S. Secretary of State John Kerry returned to Egypt Thursday to continue talks about the situation in Gaza and the possibility to implement Egypt’s ceasefire initiative.

The lawsuit was filed to ban the Muslim Brotherhood (MB) members from recruitment in the Egyptian army and police is unconstitutional, said Essam el-Eslamboly, a constitutional jurist Thursday.

Business:

The Egyptian Exchange (EGX) indexes rallied Thursday, getting support from strong purchases from Arab and foreign traders, amid upbeat investor sentiment about President Abdel Fatah al-Sisi’s speech on the occasion of the 62nd anniversary of the July 23, 1952 Revolution, and market capitalization added around 5.3 billion EGP ($741.1million.)

The Saudi Egyptian Businessmen Association plans (SEBA) to construct the first environmentally-friendly touristic hotel, with investments of 700 million EGP, Mubasher website reported Thursday.

Inside Egypt:

Former presidential candidate and founder of the Popular Current Hamdeen Sabbahi announced that he would not run in the upcoming parliamentary elections, al-Shorouq reported Thursday.

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