7am News Wrapup July 26
ByTHE CAIRO POST

News: Israel has agreed to a 12-hour cease-fire in Gaza, that may extended up to 7 days if it is accepted by both sides, announced U.S. Secretary of State John Kerry announced Friday in a press conference in Cairo.

Israeli soldier Aaron Shaul has been killed after being captured by Hamas’ Al-Qassam Brigades, according to Israeli military spokesman Avichay Adraee.

Politics:  The Misr Al-Qawia Party will face future political divisions due to the need to choose a new successor for its current head Abdel Moneim Aboul Fotouh in the run-up to coming parliamentary elections.

Business: A delegation of the Saudi Al-Rajhi Holding Group met with Minister of Agriculture Adel el-Beltagy Thursday to discuss different projects in Toshka, seed production and wheat silos.

Minister of Petroleum Sherif Ismail said Thursday the first shipment of imported Algerian liquefied natural gas (LNG) from a recently concluded round of negotiations will enter Egypt before the end of the year.

A new branch in the Suez Canal will be dug within the coming few days, in order to raise its revenues to $13.5 billion by 2023.

Editor’s Pick: Amnesty International called on the UN Human Rights Council Friday to send an “independent, international” commission to investigate alleged violations of international humanitarian law by all sides in the Israeli Palestinian conflict.

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