Wrap-up of Egypt’s top news Aug. 5:Ethiopian Parliament Speaker says talks on Renaissance Dam on right track
Egypt, Sudan and Ethiopia sign agreement on Renaissance Dam in Khartoum - YOUM7
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Politics

Ethiopian Parliament Speaker says talks on Renaissance Dam on right track

Ethiopian Parliament Speaker Abadula Gemeda said on Friday that negotiations on the Grand Ethiopian Renaissance Dam (GERD) are “ongoing on right track,” state news agency MENA reported.

In a statement on Friday, Gemeda said that his country, Sudan and Egypt are abided by the trilateral “declaration of principles” agreement signed on the Ethiopian dam.

In May, Youm7 quoted Ethiopia’s communication minister saying his government had completed almost 70 per cent of the construction works of the dam, which “has become a reality.”

In December 2015, President El-Sisi addressed the public, saying that there is no reason to worry about the dam and that the matter would be resolved.

 

Foreign ministry follows case of Egyptian kidnapped, assaulted in Jordan

The Foreign Ministry is currently following up developments regarding the kidnapping of and assault on an Egyptian citizen in Jordan.

In a Friday statement released on Friday the ministry said that it coordinates with the Egyptian embassy in Jordan to reveal the circumstances behind the abduction of and the assault on an Egyptian national by four Jordanians and that the two bodies are currently “exerting all necessary efforts” to discern the safety of the kidnapped and manage his release.

Ibrahim Darweesh was reportedly assaulted following a fight with the four Jordanians. Darweesh, who suffered multiple fractures, was escorted to the hospital for treatment, according to the statement.

 

Egypt’s clergyman says not frightened by failed assassination attempt

Egypt’s former Mufti Ali Gomaa said that the failed assassination attempt “would not discourage me from doing and saying what’s right,” according to Youm7.

The remarks came after two gunmen on a motorbike opened fire at Gomaa as he entered the mosque in the 6 October City to deliver the sermon of the Friday prayer. The cleric is an outspoken critic of extremist groups, including the Muslim Brotherhood group.

“If Ali Gomaa dies, there are millions who will take his place,” Gomaa, who insisted to deliver the sermon after the failed assassination attempt, told state television.

The perpetrators have fled the scene after his security guards exchanged fire with them, an official source with the Interior Ministry said. No group has claimed responsibility for the attack.

Security forces cordoned the area and checkpoints have been set up in the vicinity of Gomaa’s house and the mosque in search for the assailants.

The attack was condemned by several government institutions including the Awqaf ministry, the parliament, Dar al Iftaa and Al Azhar.

“We all sacrifice our lives to protect our religion against extremists’ attempts to distort its peaceful teachings,” Awqaf Minister Mohamed Mokhtar Gomaa said in a statement.

 

Army kills Sinai Province leader: Spox

Military Spokesperson Mohamed Samir announced on his Facebook page that “Abu Dua’a el-Ansary” the leader of Ansar Bayt el-Maqdis militant group in Sinai, or self-proclaimed “Sinai Province,” has been killed in “precise” air strikes launched by the army against the group’s strongholds.

The Spokesperson said that the operation was guided by “accurate intelligence” in cooperation anti-terrorism forces and air forces, and that it took place in areas in south and south west Arish city, North Sinai.

He also added that the operation resulted in the killing of a number of Abu Dua’a el-Ansary’s assistants, and more than 45 terrorist elements, dozens injured, and the destruction of arms and ammunition stores.

In his post, the spokesperson said that such “successful operation” is considered a “promise” from armed forces to “avenge martyrs and determination to track down and prosecute all terrorist elements and their leaders wherever they are so that Egypt and its people are blessed with security and stability.”

 

MP urges postponement of imposing VAT act amid price hike

Member of Parliament Ehab el-Kholy urged to delay the adopting of the value added taxes (VAT) saying “citizens will reject to pay any extra tax due to the rising prices,” as quoted by Youm7.

MP El-Kholy also suggested that the state can lift the subsidy off high-income earners, and only apply it on peasants and holders of supply cards, without the need to impose VAT law.

 

Local

Egypt’s government funds development of 351 slums: PM

The government works to provide funding for development projects of “dangerous” slums with a population estimated at 850,000 people, Youm7 quoted Prime Minister Sherif Ismail.

The remarks came during a meeting with Housing Minister Mostafa Madbouly, who said that during the past two years, a total of 33 projects were launched to develop slums, providing 63,000 housing units at an estimated cost of 9.2 billion EGP.

The two officials also reviewed designs for the government headquarters to in the under-construction administrative capital, in addition to ongoing steps to start implementation of housing projects and utility connections.

 

Police foil illegal emigration attempt of 255 people in Alexandria

 Security forces in Egypt’s Mediterranean city of Alexandria have foiled an illegal immigration attempt and prevented hundreds people of different nationalities from boarding a boat and crossing the Mediterranean to Italy, Youm7 reported Friday.

The police suspected a fishing boat off the coast of Alexandria of trafficking, and after searching the boat, discovered 255 people aboard ahead of illegal travel to Italy.

They, along with the boat crew, were arrested over attempting to illegally leave the country before they were taken to Abu Qir naval base where they received medical care before being handed over to prosecutors for investigation.

Egypt has intervened in a number of migration attempts by hundreds of asylum seekers from the Middle East and North Africa, particularly from Egypt Syria, Iraq and Libya, via the Mediterranean Sea to Italy or Greece as gates for other European countries.

A total of 2,215 people were arrested while attempting to illegally emigrate through the west and north-west ports of Egypt, the armed forces said in a statement late September 2015.

 

2 killed, 11 injured in two separate road accidents in Suez

Two people were killed and 11 others injured in two separate road accidents in Suez Friday, Youm7 reported.

On the Suez-Cairo highway, two trucks collided leaving one person dead and five others injured, while on the Al Qattamia-Ain Sokhna highway, a 37 year-old driver of a mini bus died and 6 passengers were injured after the vehicle flipped over.

Thousands of Egyptians die on the road every year due to traffic accidents. Egypt recorded 14,548 traffic accidents in 2015, a one percent increase compared to 2014, according to a statement by the Central Agency for Public Mobilization and Statistics (CAPMAS.)

The country is among the 10 states enrolled in a UN program that aims to half the rate of road deaths by 2020. Since 2014, Egypt launched a number of projects and campaigns to monitor road safety; including building new roads, maintaining dilapidated bridges and carrying out random drug tests on drivers.

 

37 vessels transit Suez Canal on Thursday: SCA head

A total of 37 vessels have transited the Suez Canal on Thursday with a total cargo of 2.2 million tons, Suez Canal Authority Chairman Mohab Mamish was quoted by Al Ahram.

The south-bound convoy included 23 vessels carrying 1.1 million tons, while the north-bound convoy included 14 ships carrying 1.1 million tons, according to Mamish.

During a meeting with Mamish on Thursday, President Abdel Fatah al Sisi has stressed the importance of upgrading the SCA, which he called “a vital facility of international trade movement,” according to Youm7.

 

Alexandria studies importing 15 new trams to join its tramway network

A total of 15 new trams are expected to join the Alexandria tramway network that serves the Mediterranean city, according to statements by the head of the General Authority for Passenger Transport in Alexandria, Khaled Elewa.

The authority has finalized the technical terms of the project, but still studying four offers from Ukraine, Italy, China and Belarus, Elewa told Youm7.

Began operating in 1863, the tramway network in Alexandria consists of 20 lines and serves 140 stops.

The price of single tram ride differs according to the carriage used, and it usually varies between 0.50 EGP to 5 EGP.

 

Business

EGX30 soars by 2.8 percent on week close, market capitalization adds 3.2 b EGP

The Egyptian Exchange benchmark index EGX30, soared by 2.8 percent during the past week of trading ended Thursday to reach 8,225.36 points, up from 8,001 a week earlier, data from Egypt’s bourse showed on Friday.

However, the Mid- and small-cap index EGX70 fell by 0.56 percent over the week to reach 360 points, while the price index, EGX100 edged up by 0.49 percent, to reach 794 points.

Market capitalization gained 3.2 billion EGP over the week to reach 419 billion EGP up from 415 billion a week earlier.

 

PM appoints finance minister Egypt’s governor at Asian Infrastructure Investment Bank

Prime Minister Sherif Ismail on Thursday has appointed Finance Minister Amr el Garhy as Egypt’s governor at the Asian Infrastructure Investment Bank (AIIB,) according to Youm7.

International Cooperation Minister Sahr Nasr was also appointed as an alternate governor for el Garhi.

The AIIB is a multilateral development bank that focuses on the development of infrastructure and other productive sectors in Asia, including energy and power, transportation and telecommunications and rural infrastructure and agriculture development.

 

USD steady at 8.88 EGP Friday: CBE

The USD exchange rate against the Egyptian Pound (EGP) reached Friday 8.85 EGP for purchase and 8.88 EGP for sale, according to official statement by the Central Bank of Egypt (CBE.)

The Euro exchange rate reached 9.86 EGP for purchase and 9.88 for sale.

 

Egypt’s solar power upset clouds outlook for foreign investors – REUTERS

(REUTERS) – When Egypt announced plans to develop renewable power in 2014, investors piled in, drawn by year-round sunshine and chronic electricity shortages. Two years on, many projects have stalled, hitting confidence among foreign investors Egypt sorely needs.

Developers who prequalified for solar and wind projects under attractive feed-in-tariff (FiT) schemes say they face delays and currency risks while wrangling with the government over contract terms has complicated efforts to secure financing.

Some foreign firms now say they will shelve projects at a time when Egypt is seeking to boost foreign investment to ease a hard currency shortage that is choking the economy and to diversify after gas shortages caused blackouts in 2013 and 2014.

One such company is Italy’s Enel Green Power, which prequalified in 2015 for one solar and two wind projects under Egypt’s FiT schemes and entered a build-own-operate tender for a 250 megawatt wind project.

 

Social

90 flowers decorate Fine Arts Faculty in Alexandria

A number of Fine Arts students have decided to decorate the fence of their faculty in Alexandria by drawing 90 colorful flowers, according to Youm7.

The initiative is part of the students’ summer training project, which aimed this year to “fight ugliness with beautifulness and spreading art in the Egyptian society,” according to Lecturer Adel Mostafa.

Mostafa said that the idea of drawing 90 flowers came as the number of students participating in the program is 60; some students drew pictures of famous figures of the Mediterranean city like: Alexander the Great, Egyptian Singer and composer Sayed Darwish and Mahmoud Said who was a judge and modern painter.

 

Egypt issued 4 postal stamps honoring Ahmed Zewail since 1980

Nobel Prize Laureate Ahmed Zewail, who passed away this week, has been commemorated by the Postal Authority by putting his picture on four different stamps since 1980.

The Egyptian-American scientist died in the United States after a struggle with cancer; a military funeral is set to be held Sunday, where the President Abdel Fatal al-Sisi will attend.

 

Youth organize bike marathon to encourage practicing sports

A group of youth calling itself “Bicycles unite us” has organized a bike marathon event on Facebook to encourage people to practice sports for their health.

The marathon is set to kick off at 6:45 a.m. Friday, with an estimated 150 participants.

The group has announced that their goal is to “see bikes in every house, to combine between fun, sports and health,” adding that bicycles are environmentally friendly means of transport.

 

Sports

Zamalek to choose its new coach soon

Zamalek Sporting Club will announce soon the name of the new coach for its football team, the spokesperson for the club Ahmed Mortada Mansour told Al-Nahar TV Channel.

Mansour added that the club will choose one of three nominees.

Zamalek will face its rival Al-Ahly in the final match of Cairo Derby on Monday.

 

Al-Ahly beats Enppi 2-1; qualifies to Egypt Cup final meet

Al-Ahly football team has beaten Enppi with 2-1 victory Thursday, sending it to the Egypt Cup final meet with Zamalek SC, which has won over the Ismalili SC.

Thursday match was held at Suez’s El-Gaish Stadium.

 

CS Sfaxien striker Junior Ajayi officially joins Al-Ahly

King Fut sports website said that the CS Sfaxien striker Junior Ajayi has been confirmed to join Al-Ahly SC, after signing a four-year deal.

 

Egypt’s Islam el-Shehaby to meet Israel’s Sasson in 100 kg weight division in Rio 2016

A draw was held in the 32nd round of the Judo competition at the Rio 2016, in Brazil, showed an Egyptian-Israeli confrontation, according to YallaKora website.

The website added that the Egyptian Islam el-Shehaby will meet the Israeli Or Sasson in the over 100 kg weight division.

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