What we’re tracking on 06 August 2017
Expect grumbling in the streets this morning after Cairo public bus fares rose 50%: The Transport Authority raised the price of public bus tickets by EGP 0.50 on Friday, according to Al Mal. The decision comes following cuts in fuel subsidies last month, but drivers are claiming that the move came without warning. Bus tickets will now cost EGP 1.50 for shorter distances (up from EGP 1.00) and EGP 2.50 for longer rides. The new fares went into effect on Friday. The story is making headlines in the international press thanks to a pickup from the Associated Press.
What better way to start a new week than to note that it’s officially 2017-18 for statecoffers — and soon, too, for schools. The state budget for this fiscal year came into effect yesterday after President Abdel Fattah El Sisi signed off on it (more in Speed Round, below). On the school front, the first students head back a week from Wednesday, though most institutions — public and private alike — won’t go back until after the upcoming Eid Al Adha holiday at month’s end.
The executive regulations of the Investment Act should be in final form by todayand will make their way back to the Cabinet economic group in time for its Wednesday meeting, Investment Minister Sahar had said last week. She had also said that the regs should be out early this month. The Ismail government’s investment map should go to the House Economics Committee this week, according to committee chair Amr Ghallab.
The Electricity Ministry will be signing an agreement today with the European Bank for Reconstruction and Development, according to an announcement by the Investment Ministry. No word on what the agreement covers.
The National Weather Office is warning about hot weather to start the week in the capitalcity, with highs of 36°C. (Does that really qualify as hot in August? It was hotter yesterday in Belgrade than Cairo on the back of this “Lucifer” heatwave). Both of our favourite weather apps agree it will be sub-40°C temps all week, but watch out for humidity today, particularly in the morning.
The New York Times Magazine has a moving (and gripping) profile of the oldsters whohave been guiding the Voyager probes across our universe for some 40 years now. The continued evolution of humanity’s understanding of space hinges on how long these folks are willing to continue working past retirement age — and some of them have been on duty since 1972.
Finally: Our favourite viral video in ages is a hoax, according to IB Times. The website quotes a Singapore Airlines spokesman as saying a 1,000 ft AirDrop of photos made between jetliners at 35,000 ft never happened. AppleInsider appears to have broken the story of the video, which has since been taken down from Youtube, but which is still available on the IB Times site.