Wrap-up of Egypt’s top news Aug. 3:Egypt’s cabinet approves draft law to establish space agency
Minister of Petroleum Sherif Ismail - YOUM7 (Archive)
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Politics

Egypt’s cabinet approves draft law to establish space agency

The Egyptian cabinet on Wednesday has approved a draft law to establish a national space agency aims to upgrade the country’s space technology and sciences, Youm7 reported.

In its weekly Wednesday meeting headed by Prime Minister Sherif Ismail, the cabinet announced that the space agency would play a very important role in development at all levels, adding that Egypt will make five small satellites starting from next year.

 

Slain Egyptian requested not to inform consulate in Frankfurt: foreign ministry

The Egyptian national Mohamed Al Naggar, who died in German prison late June, has signed a farewell letter upon his arrest to not inform the Egyptian consulate of his case, the foreign ministry announced in a statement Wednesday.

Al Naggar, 22, was reportedly arrested by German authorities in February over an alleged theft attempt at a store. In his farewell letter written before his alleged attempted suicide in mid June, “he also requested not to send his dead body back to Egypt,” according to the statement.

Naggar asked the German authorities not to notify anybody in cases of emergency and, accordingly, the German authorities finalized all cremation procedures taken in such cases, according to the statement.

 

Sisi supports Al Azhar role in highlighting teachings of Islam

President Abdel Fatah al Sisi on Wednesday received Grand Imam of Al Azhar, Ahmed al Tayyeb and discussed the institution’s efforts to correct the image of Islam and refine incorrect thoughts about the religion and promote its values, Presidential spokesperson Alaa Youssef said in a statement.

During the meeting, Tayyeb reviewed the outcome of his visits to a number of Asian, African and European countries, which targeted explaining the true principles of Islam that reject terrorism and all forms of violence and extremism.

Sisi affirmed the state’s continuous full support for Al-Azhar’s comprehensive role as a religious and educational institution in presenting the true image of Islam in the face of extremism, according to the statement.

 

Egypt’s Presidency to arrange military funeral for late Noble Laureate Ahmed Zewail

Egyptian Presidency will arrange a military funeral for Egyptian Noble Laureate Ahmed Zewail who passed away Tuesday at the age of 70 in U.S., Youm7 reported Zewail city for Science and Technology spokesperson Sherif Fouad Tuesday.

Fouad added that procedures to transfer his body to Egypt for burial have started as it expected that the dead body could arrive in Egypt on Thursday evening or on Friday.

World and Egyptian figures have offered their condolences for the death of Noble Laureate.

 

Egyptian fisherman reportedly missing in Italy since 2013

Chairperson of Egyptian Fishermen’s Syndicate in Delta’s Kafr el Sheikh called on the Foreign Ministry to contact with Italian authorities to get any information on an Egyptian expatriate was reportedly disappeared in Italy since 2013.

Fisherman Hassan Aboul Enein’s family has contacted several times with diplomats in the Italian embassy in Cairo to search its missing one, who has lived in Italy for 20 years, Youm7 reported.

 

Ethiopia completed construction of controversial dam since June 2016: Egypt’s NARSS

Chairperson of Egyptian National Authority for Remote Sensing and Space Sciences (NARSS) has sent a letter to Prime Minister Sherif Ismail, updating him that the latest satellite Images showed that the controversial Ethiopian Renaissance Dam has completely constructed since June 2016, Youm7 reported.

Since May 2011, Cairo has voiced its concern that the dam could reduce the country’s annual share of more than 56 billion cubic meters of Nile water. Addis Ababa, however, has claimed that the dam is necessary for its development, and will not harm downstream countries.

 

Local

Egypt notifies Interpol to remove Mubarak-era figure from red notice list following reconciliation

The Interpol has been notified to remove name of Mubarak-era business tycoon Hussein Salem from its Red Notice lists, security source told Youm7 Wednesday.

The move comes after Illicit Gains Authority Chairman Adel al-Saeed has announced on a reconciliation deal agreed between the authority and Salem and his family members following a deal in return for 5.3 billion EGP ($0.58 b.)

The current freeze on his Egyptian properties will be removed as a part of the deal, said Saeed.

 

Azhar Grand Imam, Awqaf minister discuss pre-written sermon decision

Grand Imam of Al Azhar Sheikh Ahmed al Tayyeb met with senior officials and clergymen on Wednesday to discuss the Awqaf Ministry’s recent decision to unify the Friday sermon throughout Egypt’s mosques, Youm7 reported.

Al Tayyeb’s meeting with Awqaf Minister and the Grand Mufti came following and earlier meeting with President Abdel Fatah al Sisi during which the president hailed Al Azhar’s efforts to correct the image of Islam and refine incorrect thoughts about the religion and promote its values.

Earlier this month, the Religious Endowment Minister Mohamed Mukhtar Gomaa said that clergymen will be required to deliver identical pre-written weekly sermons as of Friday July 15. The decision, which drew criticism among preachers and clerics, aims to curb extremism.

Last week, Al-Azhar Senior Scholars Authority has unanimously denounced the Ministry of Religious Endowments decision to unify the Friday sermon throughout Egypt’s mosques, Youm7 reported.

“In accordance with Al Azhar role stated in the constitution, the senior scholars authority unanimously rejects the uniform pre-written sermon; a move that could freeze and fanatic the religious speech,” Al Azhar said in a statement Tuesday.

The statement called on concerned authorities to develop advanced programs to rehabilitate Imams, who “are in a dire need of serious training and education so that they can cope with extreme ideologies.”

 

FAA to inspect Egyptair maintenance co. for annual accreditation

A delegation from the U.S. Department of Transportation’s Federal Aviation Administration (FAA) is currently inspecting Egyptair maintenance & engineering company for annual renewal of accreditation purposes, according to Youm7

The FFA mission started on Sunday and will finish in mid-August.

Egyptair maintenance & engineering is provides aircraft base maintenance services in the Middle East region. The 75 year-old Company owns base maintenance facility located at Cairo international Airport.

In Jan., the security sector at EgyptAir has successfully passed the U.S.-based Transportation Security Administration (TSA) testing program, EgyptAir Holding Company Chairman Sherif Fathy told state-owned Al Ahram.

 

Egypt to offer tender for Japanese companies to construct 1st phase of Cairo Metro’s 4th line

The National Authority For Tunnels will offer an international tender for Japanese companies to construct the first phase of the Cairo Metro’s fourth line which will extend to Giza’s Haram district soon, as a way to alleviate the traffic jam there, Youm7 reported.

Egypt and Japan have signed an agreement, per which Japan will carry out the first phase at a value of $1.2 billion in soft loans.

 

Local Development Ministry Headquarters to be transported from Giza to New Cairo

The headquarters of Ministry of Local Development will be transported from Giza to New Cairo’s Fifth Settlement at a cost of 295 million EGP, Youm7 reported an anonymous official in the ministry Wednesday.

Dozens of employees at the ministry have protested against transporting the headquarters as it will locate so far from their houses amid the ministry’s inability to burden the costs of their transportation to the new building.

 

Business

MIDEAST STOCKS-Egypt closes at one-year high on IMF hopes, Gulf sags

(Reuters)-Egypt’s stock market closed at a one-year high on Wednesday on optimism among local investors that a loan deal with the International Monetary Fund would boost the economy, while weak oil prices and global bourses pushed Gulf bourses down further.

Cairo’s main index jumped 1.6 percent to a one-year high of 8,105 points in rising turnover, confirming a break above major technical resistance on the April peak of 7,994 points.

Egypt said last week that it was in talks with the IMF to secure a loan of $12 billion over three years. An IMF delegation is in Cairo and Wafik Dawood, portfolio manager at Cairo-based Compass Capital, said local investors were speculating about progress in the talks.

“Not only does the size of the loan matter, it is the fiscal and monetary measures that will have to be implemented soon after which will underpin investors’ sentiment,” Dawood added.

 

Egypt, French Development Agency sign two grant agreements

International Cooperation Minister Sahar Nasr signed a one-million-euro grant agreement with the director of the French Development Agency (FDA) bureau in Cairo, Youm7 reported Wednesday.

The grant is set to be directed to developing the fields of vocational education, health, electricity and transportation.

The two sides agreed also to approve a 68-million-euro agreement to deliver natural gas to homes.

 

Egypt’s premier, Siemens chief discuss energy projects

Prime Minister Sherif Ismail on Wednesday met with the chief executive of Siemens to discuss energy projects and plans to manufacture rail tractors, Youm7 reported.

The two sides also discussed plans and projects in the fields of new and renewable energy resources, establishment of power grids and importing rail tractors, Cabinet spokesman Hossam al Qawish said.

(Reuters) – Egypt’s trade deficit was 24.6 percent smaller in May compared with a year earlier, the statistics agency said on Wednesday, as the government seeks to promote exports while minimising imports to manage a chronic shortage of hard currency.

 

Egypt’s trade gap narrows 25 pct on year in May: state agency

(Reuters)-The trade deficit was 25.2 billion Egyptian pounds ($2.8 billion), down from 33.4 billion in the same month a year earlier, the Central Agency for Public Mobilization and Statistics said in a statement.

Egypt has run short of foreign currency since a popular uprising in 2011 drove away tourists and foreign investors, leaving it struggling to pay for imports, from wheat to consumer goods.

The central bank has been rationing dollars, giving priority to imports of essential goods and to exporters who need to import raw material for manufacturing.

Exports increased by 9.1 percent in May to 18.3 billion pounds, CAPMAS said.

Imports decreased by 13.3 percent, reaching 43.5 billion pounds in May versus 50.2 billion pounds in the same month a year earlier, it said.

 

Egypt buys 60K tons of Russian wheat in September: Supply Minister

The General Authority for Supply Commodities (GASC) has contracted to purchase 60,000 tons of wheat from Russia. The purchase will be financed by the ministry of finance’s allocations for the Ministry of Supply in the state’s new budget 2016/2017, Minister Khaled Hanafi said in a statement Wednesday.

The new cargo will be shipped to Egypt over ten days starting from September 11, the statement added.

On July 17, The Egyptian General Authority for Supply Commodities said that it has purchased 300,000 tons of wheat in a tender, as quoted by Reuters.

Egypt imports more than 50 percent of its needs. Supply Commodities Authority spokesperson Mahmoud Diab said that Egypt consume 15 million tons annually; of which 11 tons are imported. Reaching self-sufficiency of wheat would require cultivating a total of 7.5 million feddans, “which is equivalent to all of the current arable land in Egypt,” Diab told The Cairo Post previously.

 

Social

Minster of Antiquities to inaugurate St. Abanoub Coptic Orthodox Church in Gharbia

Minister of Antiquities Khaled Anani will inaugurate St. Abanoub Coptic Orthodox Church in Samanoud, Nile Delta’s Gharbia, on Saturday, Youm7 reported Wednesday.

After the inauguration ceremony, the Minster and accompanying group will inspect other certain archeological sites in the governorate.

 

Ancient Egyptian Crafts exhibition to open in few months: official

National Museum of Egyptian Civilization (NMEC) will host an exhibition of Ancient Egyptian Crafts that will kick off in coming few months, Youm7 reported NMEC general manager Mahrous Said Wednesday.

The exhibition will include a total of 400 artifacts that have been borrowed from Egyptian Museum, Manail Museum , and Alexandria-based Royal Jewelry Museum.

 

Egyptian Grand Museum receive 15 wooden pieces of the Khufu ship

The under-construction Egyptian Grand Museum (EGM) has received 15 wooden pieces of the Khufu ship as the number of wooden pieces transported to the museum reached 404 pieces so far, said The museum director Mamdouh Taha in a statement.

During the past few years, the GEM received thousands of artifacts from several museums and archaeological sites ahead of its inauguration scheduled for 2018.

Built over 120 acres of land, GEM is located 2 km southwest of the Giza Pyramids and was scheduled to be inaugurated in August 2015, but due to funding issues it has been delayed until August 2018.

 

Sports

King Abdullah Sports City hosts game over Egyptian Super Cup

Saudi King Abdullah Sports City will host football game of the Egyptian Super Cup for season 2016/2017, Youm7 reported Wednesday.

The super match is usually be played by champions of the Egyptian Premier League and the winners of the Egyptian Cup. Al-ahly Sporting Club has won the Premier League, while the Egyptian Cup championship is being held.

 

4th group of Egyptian sport mission flies to Brazil for 2016 Olympic Games

The Fourth group of Egyptian sport mission that participates in Olympic Game Rio 2016 has flied from the Cairo International Airport Wednesday, two days before the beginning of the games.

 

Egypt hosts UAE Supper Cup on Sep. 13- Kingfut

Egypt will host the Emirati UAE Super Cup, which will be played outside the UAE for the first time, on September 13, KingFut reported Wednesday.

The Etisalat Super Cup will be played between Al Ahli, winner of the primer league, and domestic cup winners Al Gazeira.

 

Minister of Sports Ok’s 26.1 mln EGP for 3 sporting institutions in Port Said

Minister of Sports and Youth Khaled Abdel Azizi has agreed to allocate 26.1 million EGP to develop three sports institutions in Mediterranean city of Port Said, Youm7 reported Wednesday.

 

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