7pm News Wrapup Aug. 24
By THE CAIRO POST

News:

The Ministry of Interior along with the governor of Cairo started Sunday morning procedures as part of an expanded campaign to move street vendors into the Turguman garage in Downtown Cairo.

Coast guards at El-Borollos, Kafr el-Sheikh foiled an illegal immigration attempt by 49 Egyptians and Sudanese trying to reach Italy on Saturday.

Victims of Sharm bus coalition: The family of each deceased will receive 10,000 EGP ($1,400).

Prime Minister Ibrahim Mahlab announced preparations for new projects in the North Coast Saturday, including the establishment of a new, green, city of Alamein.

The Giza Criminal Court referred five suspects in the case commonly known as “6 October terrorist cell” trial to Egypt’s Grand Mufti, for his non-binding opinion on the death sentences.

Ministry of Interior: there is no presence of the Islamic State in Egypt.

Politics:

Foreign Ministry:

  • Egypt will participate in the Arab ministerial meeting scheduled to be held on Sunday in Saudi Arabia to discuss the latest developments in Syria and the Arab Mashriq region.
  • Denied reports about Egyptian military planes shelling militia sites in Tripoli, Libya.

An Egyptian delegation from the Ministry of Foreign Affairs headed to Addis Ababa Saturday to follow up on negotiations with South Sudan brokered by the Intergovernmental Authority on Development (IGAD).

The new British Ambassador to Egypt, John Casson, arrived to Cairo Saturday and was received by Foreign Minister Sameh Shoukry.

April 6 Movement to The Cairo Post:  rallies to be planned against the oil price and transportation hike as well as the continuous power cuts in the “current stressful economic situation in Egypt.”

Imprisoned activists: Ahmed Doma will participate in a planned hunger strike with other jailed activists Alaa Abdel Fattah, Hamada Al-Noby, Wael Metwaly, Ahmed Maher and Mohamed Adel as announced earlier this week.

Business:

End-session: The Egyptian Exchange (EGX) rebounded Sunday, backed by the positive performance of real estate stocks along with strong purchases from local institutions and foreign retailers.

The Egyptian Exchange (EGX) indexes showed a mixed performance last week, which witnessed the official announcement of Dar Al-Handasah as the winning consortium that will plan the development of the Suez Canal Axis project.

Ministry of Trade:

  • Egyptian goods exports declined 3 percent in July to 10.6 billion EGP, compared to 10.9 billion EGP in 2013.
  • Russia is rushing Egypt to conduct negotiations to sign a free trade agreement with the Eurasian Customs Union that includes Russia, Kazakhstan and Belarus.

The Egyptian-Korean Business Council will host a meeting Tuesday between business professionals in a bid to increase investment in Egypt.

Editor’s Pick:

Head of the Egyptian Organization for Human Rights (EOHR) to The Cairo Post:  New law to counter war crimes and crimes against humanity targets the Muslim Brotherhood.

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