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Decline in Egypt’s COVID-19 cases real, expected: Health official
Nationwide fall in number of daily infections does not mean decrease of tests

Egypt reports 167 new coronavirus cases, raising total to 95,314
From first week of July, the daily coronavirus infections and fatalities in Egypt started to gradually decline along with an increase in daily recoveries.

CBE expected to hold interest rates during next MPC meeting
Market anticipates CBE announcement, on Monday, regarding inflation in July 2020

Lebanon Prime Minister proposes early elections following Beirut explosion
Protestors storm Economy, Environment, Foreign Ministries, and several injuries reported

Egypt celebrates 100th birth anniversary of renowned critic Ali Al-Rai
General Egyptian Book Organization to publish a study prepared by Al-Rai about famous Irish playwright Bernard Shaw

Egypt participates in 2020 African Caucus on COVID-19 recovery
Outflow of scarce foreign exchange in Africa has to be matched by foreign investments, says CBE Governor

Tagerly launched as first “drop shipping” platform in Egypt
Platform allows users to buy in bulk and resell products from the comfort of their home to make profits, says Toggar’s CEO

HHD to complete amendments of development plan next week
Public Enterprises Sector Minister to approve HHD development plan in two weeks, says HCCD Chief

Expatriate Egyptians to vote in Senate elections on Sunday
Egyptians living abroad will start voting by e-mail on Sunday and Monday, while those present in the country will vote on 11 and 12 August

Cairo should end GERD talks as Ethiopia unlikely to sign binding deal: Egyptian ex-official
Egypt sends letter to AU Chair South Africa, rejecting Ethiopia’s unilateral actions

Second Egyptian military aircraft with medical, relief supplies dispatched to Lebanon
A second Egyptian aircraft carrying urgent medical, relief supplies, and food aid was dispatched on Saturday to the Lebanese capital, Beirut, according to an Egyptian military statement.

Africa coronavirus cases surge to 1.02m, death toll records 22,491
The Southern Africa region is the most affected area in terms of confirmed coronavirus cases, followed by Northern Africa and Western Africa regions

8 injured, 7 vehicles burned in traffic collision on Cairo Ring Road
No fatalities were reported in accident, with injured transferred directly to hospital

EBRD approves $50m loan for Gulf of Suez wind farm
The plant is to be located in the Gulf of Suez, approximately 40 km north-west of Ras Ghareb.

On Hiroshima anniversary, Japan hopes for peace, world free of nuclear weapons: Ambassador Noke
Japanese ambassador sends his condolences to Lebanon over blast that rocked Beirut last Tuesday

Egypt allocates EGP 258.5bn to health sector in 2020/21 budget
Allocations for pre-university education sector come to EGP 241.6bn, higher education EGP 122bn, and scientific research EGP 60.4bn

Lower COVID-19 infections does not mean prevention measures stop: PM Madbouly
During a cabinet meeting, Madbouly hailed the significant efforts made by the Egyptian government to ensure the secondary school leaving exams (Thanaweyya Amma) were still held, despite the pandemic.

CBE allows banks to acquire uncapped stakes in payment companies
Banks to provide full data on the company to which they are contributing more than 5% of issued capital

Suicide bombing in Somalia kills 8, injures 14
There was no immediate claim of responsibility, but al-Qaida allied terrorist group, al-Shabab, has staged such attacks in Somalia in the past