7am News Wrapup July 30
By THE CAIRO POST

News:

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.

Business:

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).

In-depth:

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