Egypt’s Constitutional Panel Meets Amid Sinai Violence

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Egypt’s constitutional amendment panel met for the first time to initiate a process leading to fresh elections, as supporters and opponents of ousted President Mohamed Mursi engaged in street fighting for a third week.

The 10-member committee of legal experts has given political parties and other groups a week to present proposals, the state-run Middle East News Agency said yesterday. The panel has 30 days to present the amendments to a second committee made up of 50 public figures before a referendum on the charter, followed by parliamentary and presidential elections. The benchmark EGX 30 stock index gained 1.4 percent, the most since July 9.