7pm News Wrapup Aug. 3
By THE CAIRO POST

News:

The Egyptian army announced it had killed four alleged terrorists in a gunfight in North Sinai and arrested 14 others.

EgyptAir-owned Air Sinai Sunday resumed flights between Cairo and Ben Gurion Airport in Tel Aviv after a 10-day suspension due to the ongoing Israeli-Palestinian conflict.

A development project aimed at developing slums in the Maspero area is ready to begin, said Minister of Urban Development Laila Iskander.

Politics:

Foreign Ministry officials received Saturday a European Union delegation that arrived in Cairo as part of a tour to also include Ramallah and Tel Aviv.

The Salafist Nour Party will delay the announcement of its stance on the forthcoming parliamentary elections until the issuance of the law of dividing governorates.

Business:

Egypt’s overall budget deficit fell to 189.4 billion EGP ($26.48 billion, around 9.3 percent of GDP) during the first 11 months of fiscal year 2013-14, compared to 204.9 billion EGP (11.7 percent of GDP) during the same period the previous year.

The Egyptian Exchange (EGX) ended Sunday’s session in the negative after paring morning gains due to  selling pressures from local institutions and foreign retail traders.

Editors’ Pick:

A recent PhD thesis claims that ancient Egyptians diverted the course of the Nile and built an embankment dam to protect Luxor’s Karnak temples from annual Nile flooding.

Recommend to friends

Leave a comment