7pm News Wrapup: Aug. 18
By THE CAIRO POST

News

A policeman was killed and another injured after a militant attacked a security checkpoint in Gharbia.

The Cairo Criminal Court adjourned Monday the trial of ousted President Mohamed Morsi and 130 other Muslim Brotherhood leaders over charges of escaping Wadi al-Natroun Prison in January 2011 to Aug. 23.

As for the charges of espionage, the court postponed the trial of former President Mohamed Morsi and 35 Muslim Brotherhood leaders to Sep.14.

13 Muslim Brotherhood members were reported arrested on the commemoration day of Raba’a Al-Adaweya’s sit-in dispersal on Aug.14.

The Human Rights Watch organization condemned the detention of Saudi lawyer and activist Waleed Abu al-Khair, who was detained and charged for calling for human rights and is the first to be tried by the anti-terrorism law system.

Politics

Hamas strongly rejected Israel’s demand to demilitarize the Gaza Strip after resumption of the indirect ceasefire talks.

In the same time, Hamas spokesperson Sami Abu Zuhri, accused Israeli Prime Minister Benjamin Netanyahu’s speech of “an attempt to cover his failure.”

The Egyptian Front Coalition constitutes the biggest political alliance ahead of parliamentary elections, and has launched Sunday, aiming at a majority of seats and rejecting Islamists.

A UK report ordered to investigate whether the Muslim Brotherhoodis a terrorist organization is going to be delayed, amid concerns about possible negative reactions to the report in the Middle East.The Financial Times said Sunday.

Congressman Darrell Issa:  U.S. administration to grant Egypt $1.5 billion worth of military aid.

Business

The Egyptian Exchange (EGX) lost ground during Monday’s early mid-session and market capitalization shed around 1.2 billion EGP ($167.82million), hurt by negative performance of some leading stocks.

The Egyptian Exchange (EGX) ended in the negative zone Monday and market capitalization shed 3 billion EGP ($419.55 million,) hurt by selling pressures on most leading stocks that rallied for five sessions in a row.

The Ministry of Housing set a number of infrastructure and service projects with a total value of 1 billion EGP, at the Canal governorates Suez, Port Said, and Ismailia.

A $6 billion of joint Egyptian-Saudi Arabian financingmajor solar energy plant will be established at El-Wadi El-Gadid region.

In a bid to achieve an 11 percent growth rate in the communication sector along with acquiring 7 percent of the Growth Domestic Product (155 billion EGP), the Ministry of Communication targets pumping 22 billion EGP in the sector during the current fiscal year 2014-15.

In-depth

Capital market experts said investment certificates ensure sovereignty over the Suez Canal but worried about the ban on foreign contribution to the expansion project citing the “dire need” to raise foreign reserves.

North Sinai citizens endangered by militant threats while security experts say the state is fighting the extremist ideology.

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Rabaa’s foreign policy shadow.

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