A video purportedly by Egypt's Islamic State affiliate has delivered a rare direct threat to Israel, saying the Jewish state will soon "pay a high price."

The handover of security screening in the Sharm El-Sheikh airport to National Falcon Company for Airport Security, supposed to take place on Monday, has been postponed to the second half of August, Al-Borsa newspaper reported on Wednesday.

The Egyptian Cabinet approved Wednesday a draft law allowing individuals to launch one-person companies without the need for more employees, Tareq Qabil, the Minister of Trade and Industry, said in a press conference.

Egypt says it has sent a draft law regulating the residency of foreigners upon which investors can obtain temporary residence permits for legal review, in preparation for referring the amended legislation to parliament for final approval.

Chemist and Nobel Prize laureate Ahmed Zewail, who died in the United States on Tuesday, was killed by a "sudden virus", according to Sherif Foad, spokesman for the scientist.

Egypt's government has officially concluded a reconciliation deal with fugitive Egyptian business tycoon Hussein Salem, a justice ministry official said on Wednesday.

A military funeral will be held for Egyptian chemist and Nobel Laureate Ahmed Zewail who died in the United States on Tuesday at the age of 70, Zewail City for Science and Technology’s media advisor and spokesperson Sherif Fouad said Wednesday.

A Cairo court ordered the release of the Doctors Syndicate freedoms committee member Taher Mokhtar and his roommates Hossam El-Din Hamed and Ahmed Hassan on Wednesday on EGP 5,000 bail, the Association for Freedom of Thought and Expression said on Facebook.

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

The planetary scientist and former presidential advisor Essam Heggy has announced a new initiative to identify and back an alternative candidate for Egypt's 2018 presidential elections.

The Egyptian government signed a deal with the World Bank on Tuesday for US$500 million in funding for an economic development program in Upper Egypt.

Egyptian Presidency will arrange a military funeral for Egyptian Noble Laureate Ahmed Zewail who passed away Tuesday at the age of 70 in U.S., Youm7 reported Zewail city for Science and Technology spokesperson Sherif Fouad Tuesday.

Egypt denounced the cremation of an Egyptian citizen's body in Germany following his death in a hospital in Essen after an alleged suicide attempt.

Prominent Egyptian TV presenter Amr Adib joined satellite TV channel ONTV as the host of a new talk show less than one month after he said he would be taking a break from the media.

Seven people, including four children, were killed in the collapse of a three-story building in Upper Egypt's Sohag governorate, state-owned MENA agency reported.

Egypt's Ministry of Investment will assess eight state-owned petroleum companies for their suitability for a possible listing on the Egyptian Stock Exchange or share issuances, Petroleum Minister Tarek El Molla told Reuters on Tuesday.

Egyptian Noble Laureate Ahmed Zewail passed away on Tuesday in the US at the age of 70, his media spokesman Sherif Fouad told Egyptian State TV.

Egypt's central bank on Monday suspended for one year the licenses of 10 foreign exchange bureaus in Cairo after finding them guilty of illegally trading foreign currency at black market rates, state news agency MENA said.

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.