Yields on Egyptian treasury bills jumped more than 1 percent on Sunday after the central bank unexpectedly raised interest rates last week in an attempt to hold down inflation.

On Sunday, Sidi Gaber Misdemeanor Court reduced the sentence issued against Egyptian activist Mahinour al-Masry to six months in prison and fined her LE50,000 for violating the protest law.

Smugglers killed 21 soldiers in an attack on a military checkpoint in New Valley's Farafra Oasis on Saturday evening, an Armed Forces statement said.

Five people were killed and 13 others were injured Sunday in two accidents in Minya.

Supreme Administrative Court adjourned on Saturday the review of challenges demanding dissolution of the Muslim Brotherhood’s Freedom and Justice Party (FJP) and liquidation of its properties, upon request by Anwar al-Gabry, head of the political parties affairs committee, to 22 July.

The Egyptian pound remained stable at a central bank dollar sale on Thursday and on the black market. The central bank said it sold $37.4 million at a cut-off price of 7.1401 pounds per dollar, the same as its last sale on Wednesday.

The European parliament on Thursday passed a resolution calling on the European Union to take action regarding Egypt in light of various infringements on rights of the press and expression.

Prime Minister Ibrahim Mehleb's Cabinet is studying a proposal that entails creating a new capital city for Egypt, which would be established east of Cairo, on the Suez-Cairo-Ain Sokhna road, Al-Masry Al-Youm was informed.

Prime Minister Ibrahim Mehleb met with businessman Nassef Sawiris with the ministers of the cabinet’s economic group on Wednesday in order to seek a settlement to the tax dispute between Sawiris and the Tax Authority regarding an estimated EGP 7bn.

The Egyptian Organisation for Human Rights (EOHR) condemned incidents of torture in Egyptian police stations, saying such practices are against revolutionary demands and constitutional guarantees.

Egypt's central bank is expected to leave interest rates unchanged on Thursday as it balances its efforts to keep inflation in check with the need to stimulate the economy after more than three years of stagnation, a Reuters poll showed.

Mohamed Fayek, the head of the National Council for Human Rights (NCHR), has called for delaying the passing of a contentious law regulating NGOs in Egypt until after a new parliament is elected.

Egyptian Foreign Minister Sameh Shoukry has said there are no secret terms in the Gaza ceasefire initiative proposed by Egypt earlier this week, insisting that it was receiving international and Arab support.

A Cairo criminal court on Wednesday sentenced nine men to lengthy jail terms for sexually assaulting women near Cairo's Tahrir Square.

Prime Minister Ibrahim Mahlab held a Wednesday meeting with a number of ministers to find “urgent and fast solutions” to the continuous water shortage crisis in New Cairo city, reported Youm7.

Egypt has been invited by the United States to attend next month’s African leaders summit in Washington, a White House spokesman said on Monday, reversing a decision not to let Egypt participate.

Egypt's foreign affairs ministry spokesperson Ambassador Badr Abdel Atti denied that US secretary of State John Kerry was going to visit Cairo on Tuesday, Reuters' Aswat Masriya reported.

Egypt's interior ministry will investigate an alleged torture case in a Cairo police station, a security source told Reuter's Aswat Masriya.

Thousands attended a funeral in North Sinai's Al-Arish for eight persons who were killed late Monday in an explosive attack, reported Al-Ahram's Arabic news website.

Jerusalem/Gaza, 15 July: Israel today accepted an Egypt-proposed ceasefire plan to halt its deadly offensive on the Hamas-ruled Gaza Strip but the Palestinian militant groups rejected it calling it a “surrender”, even as the death toll in the nine-day long conflict rose to 192.

Eight people have been killed in a series of rocket attacks targeting security forces in northeast Egypt near the border with Israel.