Egypt Independent: News-Main news http://www.egyptindependent.com//enhome_channel/News/rss.xml en Stock indexes rise sharply Thursday http://www.egyptindependent.com//node/2438192 <img src="http://www.egyptindependent.com///sites/default/files/imagecache/media_thumbnail/photo/2013/12/26/484151/__sqwt_mwshr_blbwrs_lmy_tswyr_mhmd_mrwf_4_536.jpeg" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><div><span style="font-size: 14px;">Stock indexes rose sharply Thursday, backed by the purchases of Egyptian investors.</span></div><div>&nbsp;</div><div>The main index EGX30 was up by&nbsp;<span style="font-size: 14.3999996185303px;">0.65 percent</span><span style="font-size: 14px;">&nbsp;by the end of the trading session.</span></div><div>&nbsp;</div><div>EGX70 recorded an increase of 0.24 percent, while EGX100 rose by 0.34 percent.</div><div>&nbsp;</div><div>According to stock exchange data, the total trading value on Thursday reached LE684 million. Arab and foreign investors sold stocks, while Egyptians preferred purchasing.</div><div>&nbsp;</div><div>The market capitalization of listed companies closed at LE524,258 billion, recording an increase of about LE1.19 billion.</div><div>&nbsp;</div><div><em>Edited translation from&nbsp;Al-Masry Al-Youm</em></div> Thu, 28 Aug 2014 13:56:00 +0000 Al-Masry Al-Youm 2438192 at http://www.egyptindependent.com sites/default/files/photo/2013/12/26/484151/__sqwt_mwshr_blbwrs_lmy_tswyr_mhmd_mrwf_4_536.jpeg Sisi says he hasn’t formed presidential team yet http://www.egyptindependent.com//node/2438183 <img src="http://www.egyptindependent.com///sites/default/files/imagecache/media_thumbnail/photo/2014/07/04/484151/226668_0.jpg" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><p dir="ltr" id="docs-internal-guid-c3470e04-1c21-338b-e47f-06142584e6b5">President Abdel Fattah al-Sisi said he hasn&rsquo;t formed his presidential team yet, adding that he is still looking for experienced candidates.</p><p dir="ltr"><span style="font-size: 1em; line-height: 1.5em;">On the 50th anniversary of opening the Administrative Control Authority, Sisi said he seeks forming an efficient presidential team. &ldquo;I&rsquo;ll bear criticism until I reach my goal,&rdquo; he added indicating that &ldquo;If a president has an efficient presidential team, the results will be excellent.&rdquo;</span></p><p dir="ltr">&ldquo;Nepotism and absence of justice are behind the spread of corruption in public posts,&rdquo; Sisi said.&nbsp;<span style="font-size: 1em; line-height: 1.5em;">&ldquo;Selecting the efficient for public posts is the first method to fight corruption.&rdquo;</span></p><p dir="ltr">&ldquo;Corruption is everywhere, but our economic circumstances and education level made this phenomenon bigger in Egypt than in any other country,&rdquo; he added.</p><p dir="ltr">He explained that he had never mediated for anyone since he was a senior officer, saying &ldquo;Justice is a real part in fighting corruption.&rdquo;</p><p dir="ltr"><span style="font-size: 1em; line-height: 1.5em;">Sisi came to office in June after winning elections against Hamdeen Sabbahi.</span></p><p dir="ltr"><em>Edited translation from Al-Masry Al-Youm</em></p> Thu, 28 Aug 2014 10:18:00 +0000 Al-Masry Al-Youm 2438183 at http://www.egyptindependent.com sites/default/files/photo/2014/07/04/484151/226668_0.jpg Interior Ministry investigates police abuse of victim’s corpse http://www.egyptindependent.com//node/2438180 <img src="http://www.egyptindependent.com///sites/default/files/imagecache/media_thumbnail/photo/2014/08/28/39/qalyubia.jpg" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><p><span style="font-size: 1em; line-height: 1.5em;">Interior Minister Mohamed Ibrahim formed a committee to investigate officers who appeared in a video abusing the body of a dead citizen, said Major General Mahmoud Youssry, security chief of Qalyubia governorate, stressing the ministry will not accept breaking legal legitimacy or rules of Islam.</span></p><p dir="ltr">In a phone call with Sada al-Balad TV, Youssry said on Wednesday that the identities of the suspects have been recognized and they will be referred to prosecution.</p><p dir="ltr">The dead citizen, called Mohamed Sultan, had a criminal record for robbery. He escaped from police station after being accused of killing a doctor and stealing his car. He was involved in three robbery cases in Qalyubia.</p><p dir="ltr">&ldquo;While arresting him, he started shooting at police. He was injured and transferred to the hospital, but he passed away before receiving treatment,&rdquo; Youssry added.</p><p dir="ltr">Facebook users posted on Wednesday photos of an unknown body surrounded by several unidentified persons. The place where the video was filmed was unclear. Blood and some stitches were seen on the body.</p><p dir="ltr">One of the persons was kidding with another saying, &ldquo;Let me take a photo for you with him. One photo for LE2.&rdquo; Another one said, &ldquo;Take a photo for me while I am putting the cigarette in his [the dead person] mouth.&rdquo;</p><p dir="ltr"><em>Edited translation from Al-Masry Al-Youm</em></p> Thu, 28 Aug 2014 09:11:00 +0000 Al-Masry Al-Youm 2438180 at http://www.egyptindependent.com sites/default/files/photo/2014/08/28/39/qalyubia.jpg Kidnapped child found dead Ismailia, alleged killers arrested http://www.egyptindependent.com//node/2438178 <img src="http://www.egyptindependent.com///sites/default/files/imagecache/media_thumbnail/photo/2014/03/02/484151/410306-118295.jpg" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><div>Police in Ismailia arrested two people who allegdly killed a 7-year-old child after receiving ransom from his family for his release.</div><div>&nbsp;</div><div>Mostafa M. filed a claim saying his son Mahmoud was kidnapped and that he received a call from an anonymous person demanding LE25,000 as ransom.</div><div>&nbsp;</div><div>The body of Mahmoud was found lying on the side of the road and wrapped in a blanket at the entrance of Saadia village.</div><div>&nbsp;</div><div>According to investigations, the perpetrators were a driver and his wife. They were arrested and the case remains under investigation.</div><div>&nbsp;</div><div><em>Edited translation from&nbsp;Al-Masry Al-Youm</em></div> Thu, 28 Aug 2014 08:17:00 +0000 Al-Masry Al-Youm 2438178 at http://www.egyptindependent.com sites/default/files/photo/2014/03/02/484151/410306-118295.jpg