7pm News Wrapup: Aug. 27
By THE CAIRO POST

News:

The U.S. State Department on Tuesday backed off an earlier statement that Egypt and the United Arab Emirates were behind air strikes on Islamist militants in Libya.

Al-Azhar has prepared a second 80-ton aid convoy that is expected to reach Gaza by Thursday. Youm7 has reported.

Following the arrest of five militants of the jihadist cell calling itself Helwan Brigades on Tuesday, security  Wednesday were able to detect the whereabouts of seven other suspects, an official source told Youm7.

16-member gang involved in human organ trafficking activities in the Qalyubia city of Shubra Al Kheima was released from prison on Tuesday evening after ensuring that they’re not a flight risk, al-Masry al-Youm reported.

Egyptian President Abdel Fatah al-Sisi has told top Libyan officials that Egypt will train Libyan security and military forces, said Libyan Foreign Minister Mohamed Abdel-Aziz Tuesday after a meeting between the leaders.

The remains of a young Egyptian soldier killed in the 1973 October War (also known as the Yom Kippur War or 1973 Arab-Israeli War) were found during the digging of the New Suez Canal Project Monday, Egyptian media outlets reported.

The Water and Irrigation Ministers of Egypt, Ethiopia and Sudan issued a joint statement Tuesday over the outcomes of the 2-day tripartite talks which were resumed in Khartoum Monday over the building of the controversial Grand Ethiopian Renaissance Dam.

Politics:

Activist Mahienour el-Masry ended her short-lived hunger strike Tuesday in fear for the health of her cellmates who abstained from eating to show solidarity, according to the Free Mahienour Facebook page.

Business:

The Egyptian Exchange (EGX) ended on a mixed note after reducing morning gains triggered from the positive performance of telecom sector stocks, namely Global Telecom Holding (GTH).

In an attempt to collect tax arrears (totaling at 84.5 billion EGP), Minister of Finance Hani Kadry Demian ordered Tuesday tax offices to present monthly statistical bulletins about tax arrears and the collected sums during each month, Dot Masr news gate reported Tuesday.

Minister of Supply and Internal Trade Khaled Hanafy and a high-level delegation visited the Bloomberg international company factory in Texas Wednesday to obtain information about advanced storage technologies in the framework of a three-day tour in the U.S., according to Al-Mal website.

The activities of the Egyptian-Qatari Business Council headed by Muharram Hilal have been banned for 10 days due to Qatar’s policies, Egyptian businessman and Vice-Chairman of the council Ahmed Abu Hashima said Monday.

Minister of Transport Hany Dahy and Aswan’s governor Mustafa Yousri inaugurated Wednesday the new Qostul land port between Egypt and Sudan, Youm7 reported.

KSA-based Construction Products Holding Company (CPC) intends to inject $80 million in investments for establishing three new factories in the Egyptian market, CPC’s operation executive manager Reyad Kiwan revealed Tuesday.

The Euromoney-Egypt Conference scheduled from Sept. 16-17 will not achieve its goals and fail to attract huge investments this year due to fears of the political and security instability in Egypt according to economist Rashad Abdo, head of the Egyptian Forum for Economic and Strategic Studies, in comments to The Cairo Post Tuesday.

In its monthly statistical bulletin, the Central Agency for Public Mobilization and Statistics (CAPMAS) noted a 28.6 percent decline in the trade balance’s deficit, and the deficit stood at 17.3 billion EGP ($2.4 billion) during May 2014 compared with 24.3 billion EGP a year earlier.

In an attempt to collect tax arrears (totaling at 84.5 billion EGP), Minister of Finance Hani Kadry Demian ordered Tuesday tax offices to present monthly statistical bulletins about  tax arrears and the collected sums during each month, Dot Masr news gate reported Tuesday.

President Abdel Fattah al-Sisi will issue within hours a law to grant Suez Canal Authority power of issuing banking investment certificates, an inside source requesting anonymity told al-Watan news gate Tuesday.

Travel and Antiquities:

The Japan International Cooperation Agency (JICA) will develop training program for Egyptian archaeologists and antiquity conservators working in the Grand Egyptian Museum, the Antiquities Ministry announced Tuesday on its Facebook page.

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