Wrap up of Egypt’s top news Aug. 15: EGX gains 21 ban EGP since announcement of IMF loan talks; Egypt to adopt Russian security systems at airports
Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this file photo dated October 10, 2012. REUTERS/Kim Kyung-Hoon

Local:

Fatal road accident in Cairo leaves 21 dead

The death toll of a road accident on Mit Ghamr Road in Cairo has reached 21 people, Youm7 reported.

The accident took place when one of the wheels of a microbus exploded causing the vehicle to deviate and crashed into a light post on the road.

 

Army thwarts attempted attack in Sheikh Zuwayed; officer killed in Arish

Army forces in Sheikh Zuwayed city, North Sinai have thwarted an attempt to attack a security barrier with a car bomb.

Forces launched an RBG shell that destroyed the car immediately before attacking the guards.

On the other hand, a group of militants attempted exchanged fire with army forces in Arish, resulting in the death of Captain Mohamed Safwat, the army announced.

 

Cairo University ranks within last 100 on Shanghai ranking

The academic ranking world universities according to Shanghai Jiao Tong University has placed the Cairo University in the last 100 positions of the 500 world universities list.

The Cairo University is the only Egyptian university that was placed on the list.

 

Politics:

Egypt’s navy conducts activities with SNMG2

Egyptian Navy units have carried out a number of joint activities with the Standing NATO Maritime Group 2 (SNMG2) that is visiting Egypt for several days.

The training activities come in light of military cooperation between the two navies; the program includes a visit to Alexandria port, exchange of souvenirs along with other activities.

 

Egypt condemns Jewish settlers’ storming of Al-Aqsa Mosque 

Egypt has condemned the storming of hundreds of Jewish settlers to the courtyard of the Al-Aqsa Mosque amid heavy presence by Israeli officers and Israeli Special forces, according to a statement by the Ministry of Foreign Affairs.

The ministry added in its statement that the continuous violation of religious sanctities is dangerous as it inflames the feeling of anger and undermine efforts to resume peace process and negotiations between the Palestinian and Israeli sides.

 

Rusnano Company provides invented security systems to Egyptian airports

Rusnano company specialized in security systems announced that Egypt is planning to purchase Russian security systems to be implemented at airports and other facilities.

The Russian company said in a statement on its Facebook page that the Fund for Infrastructure and Educational Programs has provided invented solutions to secure Egyptian airports.

 

Al Azhar condemns killing of New York Imam, his assistant

Islamic Sunni Institute if Al-Azhar has strongly condemned killing of Mosque Imam and his assistant in Saturday in the daylight in New York’s street near Queen Mosque, Youm7 reported Al-Azhar statement Sunday.

Azhar said that Killing is rejected and forbidden by all religions, calling for providing necessary protection for all worship places.

 

Business:

EGX gains 21 bln EGP since announcement on IMF loan negotiations  

The market capitalisation of the Egyptian Stock Exchange has gained around 21 billion EGP ($2.3 billion) within the last three weeks since the government’s announcement to negotiate with IMF over the $12 billion loan.

Some Analysts predicted that the final announcement of the agreement on the loan will have more positive impact on the market, coinciding with the Central Bank of Egypt ‘s decision to cut the value of the EGP.

 

Unemployment rate declines to 12.5% in 2nd quarter of 2016/2017 FY: CAPMAS

Unemployment rate in Egypt has declined to 12.5 percent in the second quarter of Fiscal Year of 2016/2017 (April to June), comparing 12.7 percent in the first quarter (January to March), according to a report from the Central Agency for Public Mobilization and Statistics (CAPMAS) Monday.

 

Agriculture Export Council calls for reconsidering decision of exportation ban on rice

The Egyptian Agriculture Export Council called for reconsideration the decision of banning to export rice, saying the lifting the ban would yield $400 million, said the council chairperson Abdel Hamid el Demerdash.

On August 11, Trade Minister Tarek Qabil decided to halt the exportation of rice outside the country to cover the domestic market’s needs and to keep prices stable, state T.V reported.

The decision comes “to curb all manipulation and fraud attempts by smugglers” after the price of Egypt’s main commodity soared to nine EGP ($1.7) per kilogram, said Qabil.

In its weekly meeting on Wednesday, the Egyptian Cabinet decided to purchase rice from farmers for 2,300 Egyptian pounds per ton, Youm7 reported.

 

Sisi to participate in Hangzhou-held G20 Summit

President Abdel Fatah al-Sisi will participate in China’s Hangzhou-held G20 Summit that due to be held in September, Youm7 reported.

The total of Chinese grants in Egypt has reached $169 million since 1992, while the soft loans for Egypt recorded $305.4 million, according to the latest data from the Egyptian Ministry of International Cooperation.

 

Social:

Saladin Citadel Festivals kick off Wednesday

Ministers of Culture and Antiquities Helmi al Nimnim and Dr. Khalid Al-Anani, respectively, will open Wednesday events of the 25 round of Festivals of Saladin Citadel, which will last for 17 days, Youm7 reported Monday.

 

UN organizes ‘One Humanity’ marathon on Aug. 19 in Cairo

The United Nations and its partners will organize a 5Km marathon under the banner of ‘One Humanity’ and call for global solidarity with the more than 130 million people around the world who are affected by conflict and disaster, according to a statement from the UN Cairo Office Monday.

The marathon will be organized on August 19 at 7:00 am. It will start at the Island of Zamalek in Downtown Cairo. Assembly point will be in front of Imperial boat.

 

Restoration works in Cairo Citadel almost complete 

Ministry of Antiquities is almost finish development and restoration works in all the archeological sites and museums in Cairo Citadel, particularly the Egyptian National Military Museum, Youm7 reported Monday.

 

Sports: 

Egypt’s handball team to face German counterpart in final round of Rio Olympics

Egyptian national handball team will face its German counterpart Monday at 4:30 (Cairo time), in the final round of the handball championship of 2016 Olympic Games in the Rio De Janeiro, Youm7 reported.

 

Egyptian equestrian Karim Elzoghby qualifies to final round in 2016 Rio Olympics

Egyptian equestrian Karim Elzoghby qualified to the final round of the Rio Olympics’ individual jumping competition Sunday, King Fut reported Monday. Elzoghby will compete 60 athletes for getting one of the three medals.

 

Soccer-Libya to host World Cup ties in Egypt

(Reuters) – Libya will host their three World Cup qualifiers over the next 15 months in neighboring Egypt, the country’s football association said on Sunday.

Previously Libya, who are banned from holding international matches at home because of the north African country’s tenuous security situation, had hosted the majority of their home matches in Tunisia but they are now sharing the same group with their neighbor as they seek a place at the 2018 tournament in Russia.

But Libyan Football Federation president Anwar Al Tishani told local reporters he hoped to again petition FIFA and the Confederation of African Football for a relaxation of the ban before they play their first home match in Group A against Tunisia in November.

Libya, coached by former Spain manager Javier Clemente, starts the group competition away in the Democratic Republic of Congo in October. Guinea is the other team in their group.

Only the group winners advance to the finals and Libya have never previously come close to a World Cup finals appearance. Libya’s games in Egypt will probably be played behind closed doors. Most major matches in Egypt have restrictions on attendances because of security fears.

Libya have been banned from hosting any international games since the overthrow of Muammar Gaddafi five years ago left the country awash with weapons and armed militias who often take the law into their own hands while central authorities struggle to impose their authority on the country.

Libya relaunched their league competition in May after a three-year hiatus but suspended it again last week because of a lack of security.

 

Security forces on alert ahead of Zamalek- Enyimba game in Alexandria

Egyptian security forces intensified their presence in the vicinity of Petro Sport Stadium in Alexandria ahead of football match between Egypt’s Zamalek SC and Nigerian counterpart Enyimba Monday, in the fifth round of the CAF Champions League, Youm7 reported.

The game has been postponed from Saturday to Monday for security measures as the match was scheduled to be played a day before the third anniversary of the dispersal of pro-Muslim Brotherhood sit-ins of Rabaa and Nahda on August 14, 2013.

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