Egypt's central bank will keep the Egyptian pound stable at 8.78 to the dollar at its weekly foreign exchange auction on Tuesday, banking sources said.

Supply Minister Khaled Hanafy responded on Monday evening to criticism of his treatment of wheat fraud, saying that he is fully aware of the extent of corruption and is making every effort to eliminate it.

The Egyptian government will target state-owned firms in the banking, petroleum and electricity sectors for the first wave of its privatization program, selecting several companies for initial public offerings (IPOs) on the Egyptian stock exchange, according to Hala Fawzy, spokesperson for the Investment Ministry.

The Monday bombing of Islamic State targets in Libya, which was carried out by the U.S. air force, came in response to the U.N.-backed government’s request to help push the militants from their former stronghold at Libya’s Sirte, the foreign ministry said on Tuesday.

An EgyptAir flight from Cairo to Iraq was delayed for just under an hour on Tuesday after a collision with a catering vehicle.

Egypt’s Tourism Minister Yehia Rashed will launch the first phase of a multilingual website aims to promote the country’s tourism sector, which has been struggling since the 2011 uprising, Youm7 reported.

Egypt will host the 21st Euromoney Conference from 19 to 20 September with the participation of the country’s International Cooperation Minister Sahar Nasr and senior government officials.

Egypt said it is working to facilitate the extradition of Egyptian expatriate workers who have been detained -- among many of other nationalities -- by Saudi authorities for violating the country’s labour law.

Masked gunmen killed a police conscript in a drive-by shooting in Giza on Tuesday morning.

Prime Minister Sherif Ismail said on Sunday that the implementation of a National Anti-Corruption Strategy, launched in December 2014, has improved Egypt's ranking in the Transparency International report, moving the country up from 113th to 84th place out of 176 countries.

The 38th meeting of the Committee of Senior Arab Officials in Charge of Nuclear Weapons and Other Weapons of Mass Destruction issues kicked off at the headquarters of the General Secretariat of Arab League in Cairo Monday.

Egypt’s military chief of staff Mahmoud Hegazy headed to Riyadh Monday for a four-day official visit where he will attend the 7th round of meetings of the Egypt-Saudi joint military committee, military spokesperson Mohamed Samir said in a statement.

The Egyptian Agency of Partnership for Development (EAPD) has offered cardiac catheterization device to Ethiopia’s largest general hospital during a celebration on Monday, the foreign ministry said in a statement.

Egypt’s trade and industry minister Tarek Kabil and agriculture minister Essam Fayed will appear Monday evening before the House of Representatives’ committee tasked with investigating alleged "wheat corruption," committee member and MP Yasser Omar told Al-Hayat TV channel late Sunday.

The International credit rating agency Fitch said on Monday that for Egypt securing an IMF funding deal would be credit positive for the country's economy, yet warned that risks in implementation are high and the country will continue to face several economic challenges.

Egypt's M2 money supply was up 18.6 percent at the end of June from a year earlier, the central bank said on its website.

The National Falcon Company for Airport Security will start screening luggage and passengers at Sharm El-Sheikh airport Monday, CEO Sherif Khaled said in an interview with weekly economic magazine Al-Ahram Al-Ektesady.

Egyptians will "very soon" be able to purchase U.S. dollars at a unified rate, state television quoted President Abdel Fattah al-Sisi as saying on Monday.

Egypt's President Abdel-Fattah El-Sisi said on Monday that the state is currently facing the challenge of fostering trust between the government and the public and getting people to accept the adoption of "harsh economic measures."

Egypt has opened the Middle East region's biggest hospital unit dedicated to the treatment of stroke patients. The new unit at Qasr al-Aini Medicine School in Cairo will treat patients for free, according to officials.

A senior government official has revealed an International Monatery Fund (IMF) suggestion to fully float the Egyptian pound against the US dollar, during ongoing negotiations for a US$12 billion loan to be paid to Egypt over 3 years.