7am News Wrapup July 30


Palestinian Leadership has decided in coordination with Hamas and Islamic Jihad to send a unified delegation representing all factions to Cairo to reach a cease-fire agreement with Israel, state-owned news agency MENA reported Tuesday.

Tripartite negotiations between Egypt, Ethiopia and Sudan over the Grand Ethiopian Renaissance Dam will resume from August 26-27 in Khartoum, according to Ahmed Faqih, the director of the department of trans-border rivers in the Ethiopian Ministry of Water and Energy, Anadolu reported Tuesday.

Arab, Egyptian and foreign bookings have raised the occupancy rates at Sharm el-Sheikh resorts during Eid al-Fitr to 100 percent for the first time since the January 25 Revolution; demand was so high hotel room prices were raised 25 percent, according to the Egyptian Tourism Authority’s Ahmed Shokry in comments to CNBC Arabia Tuesday.

A soldier was killed Tuesday in a security operation conducted by Egyptian security forces against militant hotspots in North Sinai, an official source told Youm7.


An Egyptian delegation is set to join an international forum for small and medium-size enterprises (SMEs) in New Delhi entitled “Global SME Business Summit 2014″ from Oct. 8-9, Al-Masry Al-Youm reported Tuesday.

The Central Bank of Egypt (CBE) is set to auction 7 billion EGP ($978.9 million) in treasury bills Thursday, amid ongoing efforts to fill a soaring budget deficit, according to CBE’s official website.

A group of Saudi investors is preparing to inject new investments worth more than 1 billion EGP in Egypt’s health sector during the coming 18 months, ahead of the Saudi Egyptian Business Council (SEBC).


A look at the human impact of the drop in Egypt’s tourism: “I am used to seeing new faces and having new friends everyday but since the 25 January Revolution, I do not see that many tourists, which makes me feel lonely.”

Editor’s Pick:

Egyptian cartoons celebrate Eid.

Recommend to friends

Leave a comment