UPDATE: Egypt’s politics digest July 30:IMF delegation arrives in Cairo for $12 b loan talks
IMF's Chris Jarvis


CAIRO: No more browsing from site to site, view the top politics news stories on July 30 here:

IMF delegation arrives in Cairo for $12 b loan talks

An International Monetary Fund (IMF) delegation headed by Christopher Jarvis has arrived in Cairo Saturday to hold talks with Egyptian officials regarding the fund’s support to the country’s financial program, Youm7 reported.

The visit comes days after Finance Minister Amr el Garhy said Egypt is seeking three loan installments of $4 billion each over the next three years, with an interest rate of 1 to 1.5 percent.

“The loan will help boost international confidence in the economy,” President Abdel Fatah al Sisi said during a meeting with members of the government’s ministerial economic committee on Tuesday.

“We welcome this request, and look forward to discussing policies which can help Egypt meet its economic challenges,” Masood Ahmed, the IMF’s Middle East director, was quoted by Bloomberg on Tuesday.


Egypt asserts commitment to pro-peace efforts in Africa

The Egyptian delegation asserted commitment to support peace efforts in Africa during an open ministerial session held at the United Nations Security Council (UNSC) on Friday, Youm7 reported.

The expansion of militant groups, organized crime, immigration and environmental threats, were among the challenges tackled during the peace-building meeting.

Egypt called for establishing an effective strategic partnership among the UN, the African Union (AU) and other sub-regional organizations in Africa with the aim of expanding training programs, building national capabilities in the various domains, according to state news agency MENA.


Parliamentarian proposes to ‘sell’ Egyptian nationality for Arabs to yield money

Chairperson of Housing Committee of the Egyptian Parliament Moatz Mahmoud suggested that the country could allow Arab citizens to purchase the Egyptian citizenship as a way to overcome the financial crisis and dollar shortage Egypt faces, Parlmany reported Saturday.

The total number of Arab citizens who applied for acquiring the Egyptian national reached 50,000 Arabs. The proposal was rejected by other parliamentarians.


Egyptian high-profile delegation returns from Moscow after holding talks on crashed Russian plane

An Egyptian delegation, which includes Minister of Aviation Sherif Fathy, Attorney-General Nabil Sadek, and chairperson of Egyptian investigative committee Ayman al-Moqadem, arrived Saturday in Cairo, after 5-day visit to Moscow where they discussed the outcomes of Egyptian investigations into the Russian passenger plane that crashed in Central Sinai in late October 2015, Youm7 reported official from the Cairo International Airport.

Russian Transport Minister Maxim Sokolov said a new delegation of Russian aviation experts are set to visit Egypt to inspect airport security in September.

On Oct., 31, the Airbus A321, operated by the Russian airline Kogalymavia, crashed a few minutes after it took off from Sharm el-Sheikh airport killing all 224 people on board. Following the incident, Russia imposed a travel ban on Egypt and banned EgyptAir flights go Enter is airspace; other European countries including Britain imposed travel ban on flights going to Sharm el-Sheikh.


23 militant suspects killed by military in N. Sinai

Military forces have killed a total of 32 militant suspects in restive North Sinai in a campaign launched by the Egyptian Army over the past few months to get rid of “terrorist” elements, Youm7 reported security officials Saturday.

In mid July, President Abdel Fatah al-Sisi extended the current state of emergency in parts of North Sinai for an additional three months. The state of emergency was first imposed under Sisi in October 2014 following an attack that killed over 30 soldiers. It has since been extended four times.


Parliament to study government-written amendments to Labor Law Sunday

Manpower Committee of the Parliament will study Sunday government-written amendments to the Labor Law, Youm7 reported the Committee Secretary Abdel-Razek al-Zayet Saturday.

The committee has postponed considering the law until passing the controversial public service law, which has been approved by the Parliament last week.


Parliament’s fact-finding committee writes final report on wheat supply corruption

Parliament’s fact-finding committee, concerned to probe into allegations of wheat procurement corruption, will write its report, and then to refer it to the parliament, Youm7 reported the committee chairperson Magdy Malak Saturday. He noted that corruption cases caused state to lose a total 560 million EGP.


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