7pm News Wrapup: Aug. 19
By THE CAIRO POST

News

A passenger microbus was forced by militants to take the road to southeast Arish city in the Sinai Peninsula Tuesday afternoon. The passengers were later released and the bus stolen.

Three boys were injured Monday Rafah in North Sinai when a shell hit an area of peach trees where they were playing. Three extremists were killed in the same city in a security campaign.

For the first time, Russian authorities accorded Egypt approval to establish a community in Moscow. Community members elected journalist Mazen Abbas as chairman and formed a board of directors.

Al-Kahera w Al-Nas TV channel announced Monday it will stop broadcasting The Black Box program presented by Egyptian journalist Abdel Rahim Ali after he aired an episode with accusations against telecom tycoon Naguib Sawiris.

Muslim Brotherhood Supreme Guide Mohamed Badie’s defense team appealed the verdict of the death sentence by the Minya Criminal Court in June 21, 2013 for Badie and 182 other Brotherhood members in front of the Court of Cassation Monday.

Energy crisis: Citizens throughout Egypt expressed their anger at the largest number of blackouts this year.

Politics

The ceasefire between Israel and Hamas was extended for a day after negotiating parties failed to reach an agreement before the original deadline on Tuesday.

In an organized a protest in front of the office of Attorney General Hisham Barakat, the Kefaya Movement demanded former president Hosni Mubarak be retried.

President Abdel Fatah al-Sisi was gifted a 4,000 year-old ancient Egyptian funerary barge from Russia’s President Vladimir Putin during his visit to Moscow.

The son of former President Mohamed Morsi published a message published from his father from inside prison.

Business

Mid-session: Market capitalization gained around 500 million EGP ($69.92 million)

End-session: Market capitalization gained around 3.1 billion EGP ($433.4 million)

In an attempt to surround soaring unemployment rates, a national holding company for recruitment will be established soon by the Egyptian government, which aims to employ 1.5 million unemployed Egyptian youth, according to the Minister of Planning.

The Federation of Egyptian Industries (FEI) will soon launch an initiative to gather one billion EGP for the Long Live Egypt fund in the upcoming period.

Minister of Finance Hani Qadry Demian announced inviting the International Monetary Fund before the end of the current year to evaluate the financial status of the Egyptian Economy.

Minister of Foreign Trade, Industry, and Investment Mounir Fakhry Abdel Nour will sign a trade deal with Russian counterparts in a visit to Russia to boost ties between Egypt and Russia.

In-depth

Mummification in ancient Egypt began over 1,000 years earlier than previously thought according to a recent archeological study published in PLOS ONE journal last week.

A police officer was sentenced to 15 years in jail by a court for shooting a suspect three times, killing him inside Imbaba police station.

Editor’s pick:

Will Russia help Egypt realize its own nuclear plant?

  • Russia’s Vladimir Putin expressed interest in cooperating to build Egypt’s first nuclear power plant.
  • Sisi’s visit to Moscow could lead to an agreement on building the nuclear plant.
  • Egyptian Nuclear Power Plants Authority advisor: project could cost U.S. $4 billion
  • Project pressured by environmental concerns
  • Dabaa’s nuclear power plant historical timeline.
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