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Wednesday, 29 June 2016

On the horizon

The Coordination Council will meet in July, Finance Minister Amr El Garhy told Al Borsa. The council’s meeting last week was cancelled, the paper noted. The council, of which Mohamed El-Erian is a member, provides a forum at which cabinet and the Central Bank of Egypt can coordinate fiscal and monetary policies. Other members include former CBE Governor Farouk El-Okdah, presidential economic advisor Abla Abellatif, the ministers of finance, investment, and trade and industry, as well as the governor of the CBE and members of his senior staff. The report doesn’t specify a date for the expected meeting.

Next hearing in Tiran, Sanafir hearing on 3 July: The Supreme Administrative Court will hold on Sunday, 3 July, its next hearing on the State Lawsuits Authority’s appeal of a lower court ruling declaring the islands of Sanafir and Tiran to be Egyptian.

Genena ruling expected 28 July: A Cairo misdemeanor court set 28 July as the date on which it would issue a ruling on the case against former Central Auditing Organization head Hisham Genena for spreading false news, according to Ahram Online.

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