Wrap up of Egypt’s top news Aug. 12: 23 private tuition centers closed in Gharbia
Group of Thanaweya Amma Students revise before the exam in the third day of Egypt's Thanaweya Amma exams which began on June 7 2015
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Politics

23 Egyptians freed in Libya arrive at Egypt’s Salloum checkpoint

Twenty three Egyptian laborers freed in Libya arrived at Egypt’s Sallum border crossing on Friday morning, Marsa Matrouh governor Alaa Abu Zeid said in state T.V.

The Libyan Special Forces handed over the Egyptians at the crossing after they were kidnapped by armed groups near Libya’s town of Brega, Abu Zeid said.

Head of the parliament’s African Affairs Committee said that the Egyptian general intelligence service in coordination with Libyan General Khalifa Haftar, chief of the army loyal to the internationally recognized government “had a great role” in freeing the kidnapped Egyptians, according to Al Ahram.

State T.V. aired footages of the returnees raising the Egyptian flag. However, the group kidnapped them remain unclear.

Libay, armed forces, kidnapped, Marsa Matrouh, Sallum border, crossing, armed groups, Egyptian flag,

 

Army foils attack on N. Sinai checkpoint, kills 8 militants

Security forces foiled an attack that was set to target a security checkpoint in North Sinai on Friday and killed eight suspected militants, Youm7 reported.

Two conscripts and a civilian, who happened to be in the attack scene, were injured, security source said, adding that they were all transported to a nearby hospital.

The forces have cordoned the area in search for other 15 fugitives, according to the source.

Egyptian security forces in Sinai have been fighting Islamist insurgency following the ouster of Islamist president Mohamed Morsi in 2013.

 

Pan Africa Parliament delegation visits Sharm al Sheikh ahead of October session

A delegation of the Pan-African Parliament (PAP) is currently visiting Egypt ahead of the PPA October session scheduled to be held in Egypt’s Red Sea resort of Sharm al Sheikh, Youm7 reported.

MP Mostafa al Gendy said the delegation is set to visit Sharm al Sheikh to review the Egyptian government’s preparation for the meeting.

President of the Pan-African Parliament (PAP) Roger Nkodo Dang will visit Egypt next month to discuss preparations for the meetings, he said.

Dang said that during the October session, the PAP will celebrate the 150 anniversary of the establishment of the Egyptian parliament, according to Youm7.

In May, an Egyptian parliamentary delegation has traveled to Johannesburg, South Africa to attend the Pan-African Parliament meeting. The visit came after three year absence following the suspension of Egypt’s membership in 2013 in the wake of the ouster of former President Mohamed Morsi following a mass protest against his rule.

 

IMF loan to increase credibility of Egypt’s economy: parliamentary committee

MP Mohamed Abdel Hamid, the undersecretary of economic affairs sub-committee at the parliament, said that the IMF loan will increase credibility of the Egyptian economy, and reinforces the investors’ impression that the Egyptian economy is capable of recovering and growing.

 

Conflicted official reports on inflation rate “unacceptable”: MP

Member of Parliament Silvia Nabil criticized conflicted reports by two official bodies on the size of the inflation in Egypt, saying “this is unacceptable,” she told Youm7.

Citizens have noticed a remarkable increase in prices over the last period, especially during the past three months, which requires putting an economical plan that increases production rates and enables state to increase exports, added Nabil.

The Central Bank of Egypt has issued a statement saying that the inflation rate has decreased by 12.31 percent in July, while the Central Agency for Public Mobilization and Statistics (CAPMAS) stated that the rate has increased by 14.8 percent.

 

Local

Egyptian booed for refusing judo handshake

(AP)-Egyptian judoka Islam El Shehaby was loudly booed at the Rio de Janeiro Olympics after his first-round loss to Israel’s fifth-ranked Or Sasson, when he refused to bow or shake Sasson’s hand, in a major breach of judo etiquette.

Sasson defeated El Shehaby with two throws for an automatic victory, with about a minute and a half remaining in the bout.

Afterwards, El Shehaby lay flat on his back for a moment before standing to take his place before Sasson, in front of the referee. When Sasson extended his hand, El Shehaby backed away, shaking his head. El Shehaby refused to comment afterward.

Judo players always bow or shake each other’s hands before and after the match as a sign of respect in the Japanese martial art.

El Shahaby had come under pressure from Islamist-leaning and nationalist voices in Egypt to withdraw entirely from the fight.

 

23 private tuition centers closed in Gharbia

Officials at Gharbia education directorate have closed 23 unlicensed tuition centers ahead of the school year scheduled to start mid September, Youm7 reported on Friday.

Farida Megahed, head of the directorate said the closure of the centers was carried out by committee members who were granted the judicial arrest power.

The committee is currently preparing a list of other unlicensed centers, which will be also shut down by mid September, she added.

 

Suez security forces on alert ahead of Ahly-Zesco clash

Security forces have reinforced their presence in Suez ahead of Al Ahly football match against Zambia’s Zesco United in the CAF Champions League group stage on Friday, Youm7 reported.

The game is scheduled to be held on the Suez Army Stadium at 09:30 Cairo local time.

Al Ahly, the record winners with eight titles, must win to proceed in the group stage.

 

Cairo metro to serve 9 mln commuters by 2030: Minister

Minister of Transport Galal el-Saeed said that Cairo metro is currently serving 3.5 million people, and by the year 2030, it is expected to serve around 9 million commuters after all six lines are completed, in TV statements.

He also added that the metro costs the state 780 million EGP each year, its revenues are estimated at 450 million EGP, saying that the metro’s annual loss is about 250 million EGP.

 

Endowment Min. says preachers should abide by unified sermon’s text or at least topic

The Ministry of Endowment has demanded all preachers to abide by the text or at least to unified sermon topic, written sermon during Friday prayers, Youm7 reported.

The ministry has also determined the length of the sermon to be maximum 15-20 minutes.

It said that it trusts the scientific capacity of the preachers, and their understanding to the nature of the current stage that requires adjustment to preaching discourse.

The ministry has ordered all preachers across the country to deliver identical weekly sermons saying that the decision is meant to enlighten their thinking; however, such decision has been rejected by Al-Azhar scholars, who said the unified sermon would turn their ideas into shallow ones and kill their skills.

 

Business

EGX30 soars by 1.48 percent on week close, market capitalization adds 3.2 b EGP

The Egyptian Exchange benchmark index EGX30, soared by 1.48 percent during the past week of trading ended Thursday to reach 8,377.1 points, up from 8,225.36 points a week earlier, data from Egypt’s bourse showed on Friday.

However, the Mid- and small-cap index EGX70 added 0.82 percent to reach 363.39 points, while the price index, EGX100 edged up 1.53 percent to reach 806.66 points

Meanwhile, market capitalization dropped by 362.8 million EGP to reach 418.6 EGP billion this week, down from 419 EGP billion last week.

 

Sisi to inaugurate Ethydco complex in Alexandria

President Abdel Fatah al Sisi is scheduled to inaugurate the long planned complex of the Egyptian Ethylene & Derivatives Co. (Ethydco) on Saturday, Al Ahram reported.

The new plant will cover 45 percent of Egypt’s domestic market needs of ethylene, high-density and low-density polyethylene, butadiene, and other derivatives, Petroleum Minister Tarek al Mulla was quoted by Al Ahram.

Built in Egypt’s Mediterranean city of Alexandria, the $1.9-billion complex will produce a total of 460,000 tons of ethylene per year, he added.

 

Egypt needs $5-6 bln in bilateral financing to seal IMF deal: mission chief

(Reuters) – Egypt’s preliminary deal for a $12 billion IMF loan program can go to the board for approval only if the government secures $5-6 billion in bilateral financing for the first year, Chris Jarvis, the head of the IMF mission in Cairo, said on Thursday.

The International Monetary Fund (IMF) said earlier it had agreed in principle to grant Egypt a $12 billion three-year facility to support a government reform program aimed at plugging a budget gap and rebalancing the currency market.

The long-awaited deal is subject to final approval by the IMF executive committee, which should meet in the coming weeks.

Asked if anything could yet preclude board approval, Jarvis told Reuters: “One key element that remains to be sorted out is we need to ensure that the program is fully financed.”

 

USD exchange rate “stable” at 8.88 EGP

The USD exchange rate against the Egyptian pound remained “stable” at 8.83 EGP for purchase and 8.88 EGP for sale, while the Euro reached 9.83 EGP for purchase and 9.93 EGP for sale.

 

Egypt’s exports of leather hit $25.29: report

An official report by the Ministry of Trade and Industry revealed that total Egyptian exports of leather reached $25.29 million during the first quarter of 2016.

According to the report, the recipient countries include: Portugal, Saudi Arabia, Qatar, Israel, Turkey, Sudan, Lebanon, France, Spain, Germany, Iran and China.

 

Social

Egypt restores 45 antiquities from France after 6 yrs of negotiations

Egypt will restore a total of 44 archeological antiquities and a painting from France during the current month; Youm7 quoted Shaaban Abdel Gawad, the general supervisor of the Antiquities Recuperation Department.

Abdel Gawad said that the restoration comes after nearly six years of negotiations and legal procedures between both countries over the antiquities that date back to different ages of Egypt’s old civilization, after nearly six years of negotiations.

 

Restoration works to begin at Shennawy Palace after 8-yr closure

Islamic and Coptic monuments department at the Ministry of Antiquities will begin restoration works at the Shennawy Palace in Mansoura governorate within the next few days, Youm7 reported.

The ministry is planning to re-open the palace as a museum, after it has been closed for eight years.

 

33% rise in number of Ukrainian tourists visiting Egypt

The number of Ukrainian tourists flocking to Egypt has increased by 33 percent during the period from January to June, compared to the same period last year, the head of the International Tourism sector Mohamed Abdel Gabar told Youm7.

He added that Ukraine has become one of the biggest four exporting tourists to Egypt.

 

Sharm el-Sheikh receives 1,200 tourists in past 24 hrs

Sharm el-Sheikh Airport received 14 Egypt Air flights carrying more than 1,200 tourists of different nationalities over the past 24 hours, as part of a national initiative to promote domestic tourism, according to Youm7.

 

Sports

Egyptian Judoka lost match to Israeli at Rio Olympics; refuses to shake hands

Egyptian Judoka Islam El Shehaby lost the match against Israeli Judoka Or Sasson at Rio Olympics Friday.

At the end of the match, the Egyptian Judoka refused to shake hands with Sasson.

 

Egypt’s fencing team lost to US at Rio Olympics

Egypt’s fencing team has lost to its US counterpart at the Rio Olympics.

 

Ahly gives players 3-day off after Friday match

Al-Ahly SC decided to grant its team a three day vacation following its match with Zisco that is scheduled to be held Friday night.

 

Nigerian Enyimba demands postponement of match against Zamalek

Nigerian Enyimba International F.C demanded to postpone its meet with Zamalek SC to Monday instead of Saturday.

One of the Nigerian Club mission told Youm7 that the team only knew about the date of the match at the airport, adding that some of its players have not arrived yet in Cairo.

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