Wrap-up of Egypt’s top news Aug. 7: Siemens 1st power plant to operate in December: PM
President Abdel Fatah al-Sisi met with the President and Chief Executive Officer of Siemens AG Joe Kaeser during the economic summit in Sharm El-sheikh - YOUM7
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Siemens 1st power plant to operate in December: PM

The first Siemens power plant in Egypt will operate in December at a capacity of 4,440 mega watts; Youm7 quoted Prime Minister Sherif Ismail on Sunday.

The power plant is one of three in an eight billion Euro contract Egypt signed with Siemens in June 2015 will add 16.4 gigawatts of capacity to the country’s grid and expected to increase its power generation capacity by 50 per cent.

The other two plants will operate at full capacity by May 2018, according to Sherif.

 

Egypt’s PM orders health ministry to carry out national Virus C survey

Prime Minister Sherif Ismail decided that the health ministry will develop and carry out a national plan to survey virus c patients across the country, the state TV reported on Sunday.

The plan aims to target the early detection, provide early treatment of the virus and to increase the efficiency of infection control units in hospitals and ministry facilities nationwide, Ismail said.

Egypt has the highest prevalence of hepatitis C all over the world with an infection rate of 10 to 14 percent, according to a report issued by the World Health Organization in 2015.

 

Industry ministry to launch youth employment program in Luxor

Ministry of Trade and Industry will launch an employment program for youths in Upper Egypt’s governorate of Luxor on Thursday, according to the state TV on Sunday.

The program is organized by the ministry, government officials and the United Nations Industrial Development Organization.

The program aims to provide solutions to address youth unemployment in Upper Egypt through enhancing the employability and entrepreneurship and enabling new innovative employment opportunities.

 

Prosecution renews detention of 8 brotherhood members over violence charges

The Gharbiya prosecution on Sunday renewed the detention of eight people; allegedly belong to the Muslim Brotherhood group for 15 days pending investigations over violence incitement charges, Youm7 reported.

The defendants were arrested last week in Gharbiya’s cities of Mahalla, Zefti and Samanoud. They face numerous charges including inciting riots, harming the social peace and joining a group banned by law.

 

Families of Copts kidnapped in Libya postpone protest

Families of Egyptian Copts who were kidnapped in Libya have delayed their protest Sunday until they receive official police permit in accordance to the 2013 Protest Law.

A number of families were scheduled to demonstrate outside the headquarters of the Ministry of Foreign Affairs on Sunday, to demand authorities to bring back their sons who were abducted by militias in Libya.

Ayman Nageh, the brother of one of the kidnapped workers, said his brother disappeared a year ago in Libya and that his kidnappers contacted the family and threatened to kill him.

Meanwhile, Youm7 quoted early Sunday Libyan local media outlets as saying that 23 Egyptian workers were kidnapped by a group of militants on their way to the Libyan-Egyptian border.

 

“Children without Shelter” kicks off soon in 10 governorates

The Ministry of Social Solidarity announced that a project called “Children Without Shelter” will kick off by the end of August in 10 governorates, Youm7 reported.

The total cost of the project reaches 114 million EGP in coordination with 27 civil associations.

The ministry has chosen 10 governorates that hosts the highest number of homeless children estimated at 80 percent of that present across the country.

 

Politics

Egypt’s prosecution orders travel ban on silo owners involved in wheat fraud

Egypt’s Attorney General Nabil Sadek has ordered travel bans on several private silo owners pending investigations over corruption in local wheat procurement, Youm7 reported Sunday.

The prosecution has informed the passport and immigration department, authorities at all Egyptian ports and airports with names of fugitive silo owners, according to a statement from the prosecution.

The silo owners are suspected of claiming higher quantities of wheat than they are actually storing in order to boost government payments on highly subsidized local wheat.

local wheat suppliers had fraudulently claimed 621 million EGP ($69.93 million) worth of the local grain during the past year’s harvest, Sadek was quoted by Reuters on Sunday.

In June, the parliament has formed a fact finding committee to probe into the case after an unusually high procurement figure prompted widespread fraud allegations from senior industry officials, traders and lawmakers.

 

Parliament initially approves amendments to Police Law

Egypt’s parliament on Sunday has initially approved amendments to a draft law regulating the work of police personnel, Youm7 reported.

The new law comprises two bills presented by the government to amend some eight provisions of the Police Authority Law no. 109 of 1971.

They are related to the conduit and discipline of police personnel and the formation of the country’s Supreme Council for Police.

According to the new law, policemen would be banned from holding guns when they are not on duty, Parliamentary Affairs Minister Magdy Al Agati was quoted by Youm7.

 

Parliament observes minute of silence in honor of Zewail

Egypt’s parliament members have observed a minute of silence in honor of Egyptian Nobel laureate Ahmed Zewail whose funeral was held earlier on Sunday.

During the general session, House of Representatives Speaker Ali Abdel Aal said he extends his condolences to the Egyptian people over the death of Zuwail, who “provided valuable scientific services for humanity and initiated an unprecedented scope in science and technology.”

President Abdel Fatah al-Sisi attended along with several statesmen and public Zweail, 70, died in the US on Tuesday and his body arrived in Cairo for burial on Saturday.

 

Sisi attends funeral of Nobel Laureate Ahmed Zewail in New Cairo

President Abdel Fatah al-Sisi attended the funeral of late Nobel Laureate Ahmed Zewail at the Fifth Settlement in New Cairo, Youm7 reported Sunday.

Zweail, 70, died in the US on Tuesday and his body arrived in Cairo for burial on Saturday. Prime Minister Sherif Ismail and other statesmen will be present.

Another funeral will take off from Zewail City for Science and Technology, where researchers and students can attend to bid farewell to the great chemist.

Security forces intensified their presence in the vicinity of Marshal Hussein Mosque at the Fifth Settlement, where funeral rituals will begin. The dead body goes to its final resting place in the 6th October City.

 

Egypt’s FM meets with Libyan parliamentary delegation

Egyptian Minister Sameh Shoukry will meet with a Libyan parliamentary delegation at the Egyptian Ministry headquarters in Cairo Sunday, according to a statement from the Egyptian Ministry.

The Libyan delegation has arrived in Egypt Saturday and met with Egyptian House of Representatives Speaker Ali Abdel-Aal and a number of parliamentarians, discussing the latest developments in Libya.

 

Egypt re-asks Interpol to arrest fugitives from justice

Egypt has renewed its request to the Interpol to arrest a number of fugitives from justice, including former President Hosni Mubarak’s era men and former Islamist President Mohamed Morsi’s era men, Youm7 reported.

The request includes the former Minister of Finance Youssef Botros Ghali, who faces charges of profiteering and wasting public money. However, there are negotiations to reconcile with the government.

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.

 

Business

Egyptian exchange closes on mixed note Sunday, EGX30 drops by 0.39%

The Egyptian Exchange (EGX) ended on mixed note during the Sunday’s trading session to close below 8,225 points.

The main index (EGX30) decreased by 0.39 percent to close at 8,223.6 points, while the small and mid-cap index EGX70 edged up by 0.33 percent to close at 361.64 points.

Market capitalization lost 1.3 billion EGP (about $146 m) to close at 417.7 billion EGP down from 419 EGP billion on Thursday.

 

Telecom Egypt board gives final approval to buy 4g license

(Reuters)-The board of Telecom Egypt, the country’s landline monopoly, gave its final approval on Sunday for plans to buy a fourth-generation mobile phone license, a senior source at the company said.

The source told Reuters that Telecom Egypt would pay the full amount requested by the regulator for one of four 4G licences the government is selling as part of a shake-up of the sector. The source did not give the price.

 

Yields mixed at Egypt T-bill auction

Yields on Egypt’s three-month treasury bills fell and yields on nine-month bills rose at Sunday’s auction, data from the central bank website showed.

The average yield on the 91-day bill dropped to 14.089 percent from 14.212 percent at the last auction on July 31. The 273-day bill rose to 15.730 percent from 15.653 percent at a similar auction a week ago.

 

Suez Canal revenues increase 4% in period between 2016 January and August: Mamish

Egypt’s revenues from the Suez Canal increased by 4 percent to reach $3.2 billion in the period between January and August 2016, although the international maritime trade has declined by 14 percent, comparing to 2016, said Suez Canal Authority Chairperson Mohab Mamish in a press conference Saturday.

His comments came during the celebration of the first anniversary of opening the New Suez Canal. The $8 billion New Suez Canal project was completed in just one year instead of three on Sisi’s orders. Its inauguration project last year was attended by several world leaders including Francois Hollande and King Abdullah of Jordan.

 

Saudi-Egyptian projects stumbled: paper

60-billion-SAR Projects that funded by the Saudi-Egyptian Investment Fund have been stumbled, al-Maal newspaper reported Sunday.

The lands that allocated for the projects have not prepared yet, the newspaper reported anonymous official.

 

Social

Sawy Cultural Wheel launches book fair Monday

Sawy Cultural Wheel in Zamalek district, Giza, will launch a five-day book fair starting from Monday and lasting until Saturday.

The fair will be held at the Nahr Hall; the event program will include seminars, book signs, workshops and cultural competitions.

 

Completion of 90% of restoration works of torched churches in Suez

The armed forces have finalized 90 percent of restoration works of churches that were torched amid riots and violence erupted in Suez governorate following the 2013 dispersal of Rabaa Square sit-in, according to Youm7.

 

Pictures of artifacts at Egyptian crafts exhibition

Youm7 has published pictures of pieces to be displayed at the Egyptian crafts exhibition, which will be inaugurated within the coming months at the National Museum of Civilization.

 

Sports

600 fans to attend final match between Ahly, Zamalek over Egyptian Cup

Zamalek Sporting Club President Mourtada Mansour said Sunday that he agreed with al-Ahly Sportin club to allow only 300 fans from each club to attend the final match between the club teams in the Egyptian Cup Championship, Youm7 reported.

The match will be played Monday on Borg al-Arab Stadium in Alexandria.

 

Egypt’s handball teams faces Slovenia in 2016 Rio Olympics Monday

Egyptian national handball team will face Monday its Slovenian counterpart during the 2016 Rio Olympics that opened Friday, Youm7 reported Saturday.

Handball player Ahmed Elahmar has raised the Egyptian flag in the opening ceremony of the Olympics Friday.

 

Egyptian Table Tennis player qualified to next round, to face Ukraine’s counterpart Sunday

Egyptian Omar Assar was qualified to the next round of Table Tennis competitions on the 2016 Rio Olympics after defeating Puerto Rican’s Brian Afanador, King Fut reported. Assar will face Ukraine’s Kou Lei in the next Round Sunday.

However, Dina Meshref and Nadine El-Dawlatly failed to go to the next round in Women’s Table Tennis.

 

Cairo World Open Squash Championship kicks off on August 26

The 2016 PSA World Open Squash Championship for participants who are between 11 and 19 years old will kick off in Cairo in the period between August 26 and September 1, Youm7 reported Sunday.

The Championship includes countries of Egypt, Saudi Arabia, Iraq, Jordan, Palestine the United States, England, Switzerland, Greece and Pakistan.

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