Egypt's decision to float the pound on Thursday is credit positive for Egyptian banks, Global credit rating agency Moody's said in a statement on Monday, adding that the decision would increase the availability of US dollars in the economy.

For the first day in a row, the Egyptian Stock Exchange opens its session Tuesday at a positive note.

The Foreign Affairs committee at the parliament will be meeting Tuesday with foreign ambassadors to discuss bilateral issues and cooperation.

Egypt’s Foreign Minister Sameh Shoukry departed Tuesday on an Ethiopia-bound flight to participate in a high-level meeting on Libya, Youm7 reported.

North Sinai forces managed to harmlessly dismantle an explosive device found near a primary school in central Arish City, Youm7 reported Tuesday.

Hundreds of students gathered at the American University in Cairo campus today to protest an increase in tuition fees following the recent floating of the Egyptian pound against the US dollar.

Three people were killed and 22 injured on Tuesday in a collision on Suez road between a school bus and a truck, reported Al-Ahram Arabic website.

Egypt's Foreign Affairs Minister Sameh Shoukry met on Monday with French senate president Gérard Larcherin in Cairo to discuss a number of regional and domestic issues, a ministry statement read.

President Abdel Fatah al-Sisi held a meeting with the cabinet on Sunday, discussing the government’s efforts of combating the corruption of the administrative bodies and the government’s latest economic decisions, particularly the flotation of the Egyptian currency, Presidential Spokesperson Alaa youssef said in a statement on Sunday.

President Abdel Fatah al-Sisi phoned Togolese President Faure Gnassingbé on Sunday evening, congratulating him on the Togo’s success in organizing the African Union Extraordinary Summit on Maritime Security and Safety, said Egyptian Spokesperson Alaa Youssef in a statement on Sunday.

Egyptian Foreign Minister Sameh Shoukry will meet with President of the Senate of France Gérard Larcher on Monday in Cairo-based Foreign Ministry headquarters, according to a statement from the Egyptian Ministry.

Egypt denied media reports claimed that the Egyptian Minister of Petroleum flied to Iran to discuss the bilateral cooperation in oil field after Saudi Arabia has suspended the oil aid to Cairo, Youm7 reported on Monday.

Joint drills between the Egyptian and Jordanian militaries began in southern Jordan on Monday and will continue until 25 November, according to Egypt's military spokesman.

Egypt's trade deficit was down 3.1 percent in August compared to the same month last year, reaching EGP 37.8 billion, the state's statistics body CAPMAS said in a Monday statement.

US Secretary of State John Kerry has commended Egypt for undertaking economic reforms last week, calling them "important steps" to stabilize an economy hit by years of political turmoil.

The Saudi national oil company Aramco has informed Egypt that it has suspended its oil shipments until further notice, Egyptian Petroleum Minister Tarek El-Molla said on Monday.

Egypt's finance ministry has raised interest rates on Suez Canal investment certificates to 15.5 percent, minister Amr El-Garhy announced on Sunday.

The high committee of Egypt’s Constitution Party failed to reach a quorum for a meeting last Friday after several failed attempts over the past year to set a date for the party’s presidential elections.

A day after the Egyptian government slashed fuel subsidies on Thursday, raising prices by 30-47 percent, several governorates increased fares for vital privately-owned transportation means, setting the stage for new financial burdens on ordinary people.

As Egyptian banks started on Sunday to freely set the rates of foreign currencies since the central bank floated the Egyptian pound at the end of last week, the black market has unexpectedly resumed its activities after a three-day hiatus to challenge the US dollar’s rate set by local lenders.