Ministers of planning, finance and investment discussed on Monday alternative funding sources for the new Suez Canal project in a joint meeting with the chairman of the Suez Canal Authority.

President Abdel Fattah al-Sisi will visit Sochi, Russia on Monday for two days to meet with President Vladimir Putin.

The story of Islam Yakan, a recent graduate of Ain Shams University, has been picked up by Egyptian media sites after pictures from his Twitter account depicting him wielding a sword spread across the internet. Yakan claims to have joined the Islamic State (also known as Daish and previously as the Islamic State in al-Sham (ISIS)) in the name of jihad. Aside from Yakan, there are also reports that members of the recently established Ansar Beit al-Maqdis have allegedly traveled to Syria and Iraq to fight alongside ISIS and adopt their skills and tactics. With local terror attacks on the rise, many fear that regional jihadi groups may be eying Egypt, but analysts say while those groups may attract disaffected youth, they are unlikely to gain ground here.

The Suez Canal–one of the world’s vital trading routes–is set for the first major expansion in its 145-year history.

Islamist militants’ recent territorial gains in the region will most likely take the centre stage of Egyptian President Abdul Fattah Al Sissi’s talks in Saudi Arabia, according to analysts.

Israeli Prime Minister Benjamin Netanyahu said on Sunday that his country would not return to Egyptian-mediated truce talks with Palestine if militants from Gaza continued to fire rockets, Reuters reported.

Police arrested a tourist resort worker for allegedly sexually assaulting two young German sisters while they were in the resort's restaurant.

The World Bank has agreed to grant Egypt a $500m loan to finance a mega-project delivering natural gas to homes across the country, Prime Minister Ibrahim Mehleb announced Tuesday.

President Barack Obama expressed support on Wednesday for Egyptian efforts in Cairo to broker a longer-term Gaza ceasefire between Israel and the Palestinians and said it was important to make sure that the current temporary 72-hour truce holds.

An Egyptian court sentenced on Thursday two people to life imprisonment and one to 20 years in prison over the sexual harassment case that took place in Tahrir Square on June 3, during the celebratios of the inauguration of President Abdel Fattah al-Sisi.

The Egyptian foreign ministry stressed the need for violence and armed clashes to end in neighbouring Libya in a Thursday statement.

Egypt's foreign reserves rose to $16.736 billion at the end of July from $16.687 billion in June, the central bank said on Thursday.

For the second time in one week, Egypt's intelligence chief Mohamed Farid El-Tohamy met Wednesday with the Palestinian delegation in Cairo as part of the continued effort to push for a lasting ceasefire in Gaza Strip.

Militants attacked a police checkpoint near a Mediterranean resort area frequented by Egyptian holidaymakers, killing five policemen and losing four of their own in the ensuing gunbattle, the Interior Ministry said on Wednesday.

Concern spread in Menoufia governorate Tuesday after eight people suspected of being infected with the Ebola virus were put under medical observation after arriving from Sierra Leone, Equatorial Guinea and Guinea, Al-Shorouk newspaper reported Wednesday.

Eleven people were sentenced to death and 11 others to life and one defendant was acquitted on Wednesday in the case involving the murder of a senior Giza police officer last September.

Disgraced Egyptian businessman Ahmed Ezz has been required to pay 252 million EGP ($35.2 million) in fines to be released from prison, but so far he has only managed to pay 152 million EGP, Youm7 reported Wednesday.

Three "terrorists" were killed in a security crackdown in North Sinai on Tuesday, an army spokesperson said in a statement published on armed forces official page.

Business activity in Egypt shrank in July, a survey showed on Tuesday, in a sign the economy remains fragile after cuts to energy subsidies last month led to lower demand and higher prices.

An American UN peacekeeper soldier has been shot at by unidentified gunmen in Sheikh Zowayed in North Sinai.

A new 72-km (45-mile) canal alongside to be built alongside the existing the Suez Canal is expected to cost $4 billion, the chairman of the Suez Canal Authority said on Tuesday.