7pm News Wrapup Aug. 12
By THE CAIRO POST

President Abdel Fatah al-Sisi visited Moscow Tuesday to promote economic and military cooperation. Both countries reached deals to create a free trade zone and Russian industrial zone in Egypt, and increase Egyptian agricultural exports to Russia.

News:

The Palestinian delegation in truce talks with Israel in Cairo remains optimistic about the talks’ outcome, despite reports that Israeli officials have said they are at an impasse. “Despite the challenges presented and the Israeli stance, we do believe a permanent truce agreement to be possible through Egypt’s efforts,” Jameel Muzher, a leading member of the Popular Front for the Liberation of Palestine (PFLP) told The Cairo Post Tuesday.

Two explosive devices were used to blow up a high-tension electricity tower in Sharqia governorate Tuesday, reported Youm7.

A 47-year-old Egyptian father threatened to sell his daughters Monday, as he protested in front of the Cabinet headquarters demanding a home and job, reported Youm7.

Politics:

The Salafist Nour Party Tuesday will hold a number of meetings to complete the party’s preparation for the coming parliamentary election, and members say it plans to issue its candidate list by the end of August.

Business:

Shares and bonds in the “new” Suez Canal project will be offered to investors within days, Minister of Planning Ashraf al-Araby said in a Monday statement.

The Cabinet’s Dispute Settlement Committee proposed settlements for 22 investment disputes between Arab and foreign investors in a Sunday meeting, which it will submit to the Cabinet for approval, Al-Mal reported Monday.

Minister of Trade Mounir Fakhry Abdel Nour will head to Sudan Tuesday to promote economic cooperation and investment opportunities, according to the Ministry of Trade’s website.

In-Depth:

The Cry of a Nation” launched Sunday, with a goal to assist internal investment to large national projects, the group’s founding members announced at a press conference. “When the Egyptian people revolted they hoped for a better future, they asked for social justice with no gender or racial discrimination, they wanted equal opportunities for everybody, based on merit,” read the campaign’s mission statement.

Editor’s Pick:

NGO Human Rights Watch (HRW) Tuesday released a scathing final report regarding Egypt’s August 2013 dispersal of the Rabaa al-Adaweya protest, in which it called the government’s actions in dispersing a pro-Mohamed Morsi sit-in “a crime against humanity.”

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