The prospects for peace in Gaza remain dim this week, despite the positive sign that the Egyptian government has thrown its weight behind negotiating a cease-fire. Following years of internal turmoil and political instability, Egypt on Tuesday called for a new round of peace talks between the Israelis and Palestinians, offering what has become its traditional service of brokering an end to the perennial violence between the two. Egypt, the U.S. and other world leaders will work "to not only resolve this issue but also to set in motion once again the peace process that [Secretary of State John Kerry] has been so actively involved in so as to end this ongoing conflict between the Palestinians and the Israelis,” said Foreign Minister Sameh Shukri, after meeting with Kerry in Egypt on Tuesday.

Egypt has ordered eight more Airbus C295 transports in a deal which will take its fleet to 20 and makes it the biggest customer for the market-leading tactical airlifter.

Egypt's steel companies have filed a petition against rebar and wire rod imports from China, Turkey and Ukraine, one of its top steelmakers said, the latest move in a years-long quest to protect the fledging industry from low-priced imports.

Egypt's economic ministers approve raising the subsidy for spinning companies (Private and state-run) to purchase abundant Egyptian cotton to become LE350 per quintal instead of LE200 ahead of harvest season in September, announced the ministry of, industry, trade and Small and Medium Enterprises (SMEs) in a statement on Tuesday.

Four people were injured Tuesday in a road accident in which Prime Minister Ibrahim Mahlab’s convoy crashed into other vehicles in Damietta governorate (Delta), Youm7 reported.

US Secretary of State John Kerry said Tuesday that he supports the ceasefire proposed by Egypt to end violence between Israeli forces and Hamas in the Gaza Strip.

The presidential election held from May 28-30 was to a great extent fair, said Mario David, the chief observer of the European Union Election Observation Mission to Egypt (EU EOM) in a Tuesday press conference.

An Egyptian court ordered the release of steel tycoon Ahmed Ezz on Tuesday on LE50 million bail for charges of profiteering. Ezz was also ordered to be released on bail in other concurrent proceedings. His lawyer, Ahmed Shawki, told Ahram Online on Tuesday that if Ezz pays his cumulative bail and an unpaid LE100 million fine, he should be released from custody.

Egypt's presidency has announced three days of national mourning after gunmen killed 21 military border guards Saturday near the border with Libya in one of the largest assaults targeting security forces in years.

The Ministry of Tourism plans to launch a promotional campaign to attract visitors from Europe throughout August in France, Germany, Britain, Italy, and Russia, said Ahmed Shoukry, head of the international tourism sector at the Tourism Activation Authority.

U.N. Secretary-General Ban Ki-moon arrived in Cairo on Monday for talks with Egyptian President Abdel Fattah al-Sisi and other officials on the fighting in Gaza, his spokesman said.

U.S. Secretary of State John Kerry will visit Egypt on Monday and hold talks with high ranking officials in Cairo regarding the situation in Gaza, the State Department said in an official statement.

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.