CAIRO: No more browsing from site to site, view the top business news stories on June 26 here:
Parliament approves Egypt-Saudi loan agreement to develop Sinai
The Egyptian House of Representatives in a plenary session on Sunday approved the Saudi-Egyptian loan agreement worth $ 1.5 billion aimed at developing the Sinai Peninsula, Youm7 reported.
Titled as “King Salman’s program for the development of the Sinai Peninsula,” the agreement was signed by government officials from the two countries in Riyadh in March before it was approved by the two leaders in Cairo in April.
Court adjourns appeal against Red Sea islands deal over judge recusation request
The Supreme Administrative Court adjourned to July 3 the government’s appeal against earlier ruling to nullify a border demarcation agreement between Egypt and Saudi Arabia, Youm7 reported.
The adjournment came after lawyer and former presidential hopeful, Khaled Ali and his team requested the case to be looked into by a different panel of judges.
Egypt’s FM, Norway envoy for ME peace process discuss Palestine-Israel peace talks
Foreign Minister Sameh Shoukry met with Norwegian Envoy for the Middle East Peace Process Tor Wennesland and discussed regional and international efforts aiming at resuming Palestinian-Israeli peace talks, Youm7 reported.
The two sides also discussed Middle East peace process ministerial meeting that was held in Paris earlier this month.
Suez Canal chairman attends Panama canal expansion project celebrations
The Suez Canal Authority Chairman Mohab Mamish traveled to Panama to participate in the celebration marking the inauguration of the Panama Canal expansion, Youm7 reported.
The expansion, with a total cost estimated at $ 5.5 billion, was completed Sunday after over 10 years of work. It is scheduled to double the canal’s cargo.
Parliament will not discuss amendments to controversial protest law
Egypt’s Speaker of the House of Representatives Ali Abdel-Aal announced in a T.V. interview that the controversial Protest Law is not on the table for discussion and the government did not carry out any amendments to it.
The protest law, issued November 2013, stipulates that protests can only take place with a police permit. Accordingly, hundreds of people, including activists and students, have been jailed over breaching the law. The controversial law was harshly slammed by politicians and rights groups, locally and internationally, accusing it of being used to punish activists and curb freedom of expression.
Parliament has not received controversial deal of two Red Sea islands yet: Speaker
In same interview, Abdel-Aal said that the Parliament did not receive the documents of the controversial deal of maritime demarcation between Egypt and Saudi Arabia, per which Cairo has announced Saudi sovereignty on the two disputed islands of Tiran and Sanafir that locate in the Aqaba Gulf entrance in the Red Sea.
Cairo court to give ruling of case calls for social media closure in Egypt
Cairo’s Administrative Court will give its sentence Sunday in a legal case calling for shutting down the social media of Facebook and Twitter over allegations of “being means inciting violence,” Youm7 reported.
U.S. delegation visits Egypt to discuss bilateral ties
U.S. Congressman Dana Rohrabacher, Chairman of the Europe, Eurasia, and Emerging Threats Subcommittee of the United States House of Representatives has chaired an accompanying delegation in a three-day visit to Egypt. He and the delegation will meet with President Abdel Fatah al-Sisi and with senior government and private sector officials to discuss the long-standing partnership between the United States and Egypt, efforts to fight terrorism, and shared interests in regional stability and security, announced the U.S. embassy in Cairo in a statement Sunday.
Adequate ventilation in detention rooms: human rights sector of the Minister of Interior
The Human Rights Sector of the Egyptian Minister of Interior has sent patrols to check the conditions of the detention cells and rooms amid the high temperature. The visit outcomes showed that there is adequate ventilation in the rooms, according to a statement from the Ministry of Interior Saturday.