Egypt Press Review: Aug. 17

Youm7 press


Egyptian government expects 40 billion EGP revenues from the Suez Canal investment certificates within a year. Public banks including the National Bank of Egypt along with Banque Misr and Banque du Caire are set to offer investment certificates by the end of this week.


  • Minister of Health Adel al-Adawy said in a press conference Saturday hepatitis C treatment will be available  mid-October in 8 governmental centers
  • The government has appointed 302,000 temporary employees besides 30,000 of people with special needs
  • Palestinian-Israeli negotiations to resume in Cairo Sunday

Al-Ahram press


The Armed Forces announced Saturday that digging operations in the Suez Canal expansion reached about 8 million cubic meters. They also announced the digging rate would increase after all the companies’ equipment is operational next week.


  • Vandalism and the absence of maintenance are the reasons behind electricity crisis: Prime Minister Ibrahim Mahlab
  • Unemployment rate at 13.3 % in the second quarter of 2014: Central Agency for Public Mobilization and Statistics
  • Political coalitions compete to join alliance with Free Egyptians Party

Akhbar press


Former Minister of Finance Samir Radwan said that a system of investment certificates to support the Suez Canal Development Project is better than shares and bonds system because investment certificates’ revenue is higher. He added that this project should not be circulated in the stock market for national security reasons.


  • Masked men attack the Maadi municipal building with Molotov cocktails Saturday
  • 6 bombs diffused in Cairo and Giza Saturday

Al-Masry Al-Youm press

Al-Masry Al-Youm

National Alliance to Support Legitimacy announced it disavows any armed group that causes violence and stressed its utter refusal to any calls for organizing armed protests.


  • Ministry of Finance aims at getting a $10.4 billion loan from the International Monetary Fund to cover the budget deficit.
  • 3.6 billion EGP allocated for developing governorates: Minister of Local Development

Al-Shorouq press


Minister of Interior Mohamed Ibrahim held a meeting with his assistants to discuss the video released on YouTube by a group which called itself Brigades of Helwan. A security source said Saturday that the video was broadcasted from Arab Ghoneim district in Helwan and 10 suspects were arrested.


  • The Cabinet has contracted with 9 companies by direct order to work on the national roads project

Salafist Nour Party will run for 50% of the individual seats in the upcoming parliamentary elections

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