The Central Bank of Egypt (CBE) has imposed an interest rate ceiling on short-term US$ bank deposits, amounting to 1.5 percent above the 3-month LIBOR, daily business newspaper Al-Mal said, quoting anonymous sources.

The divisions within the veteran Wafd Party have deepened ahead of its supreme board elections, scheduled for next Friday, as its chairman, al-Sayyed Al-Badawy, is grappling with troubles both inside and outside the organization.

President Abdel Fatah al-Sisi met the Minister of Housing Mostafa Madbouly and Minister of Investment Ashraf Salman Tuesday to follow the latest progress, according to a presidential press release published May 13.

Former president Hosni Mubarak has served his sentence on charges of embezzling public money, and will not be imprisoned further, the Minister of Interior Aid for Prison Affairs Hassan al-Sohagy told Youm7 Wednesday.

Close to 40 political parties are to meet on Thursday to discuss an ‎initiative aimed at unifying the Egyptian opposition's ‎positions on the country's election laws and ‎moving the country's long-delayed parliamentary ‎polls forward. ‎

The government will replace Wednesday former justice minister Mahfouz Saber, following major outcry over comments he made regarding garbage collectors’ sons being unfit to occupy the position of a judge.

Egypt’s Foreign Minister Sameh Shoukry has said that his country and Djibouti are on the same page regarding the situation in Yemen, as both are geographically close and share interests in maintaining security in the Red Sea.

Elections for the Wafd Party’s supreme board will be held next Friday, the party declared on Tuesday.

“Executive regulations of the investment law will be issued in 3 weeks for further discussion,” said Ashraf Salman, Minister of Investment, during Egypt’s Coal Conference Tuesday, Youm7 reported.

An Al Jazeera television journalist on trial in Egypt has filed a lawsuit in a Canadian court accusing his employer of negligence and has demanded $100 million in compensation, his lawyer said on Monday.

The suspended sentence of one year in prison of prominent activist Alaa Abd el-Fattah was upheld Monday; he is charged with torching former Prime Minister Ahmed Shafiq’s presidential campaign headquarters in May 2012.

Egypt's Housing Ministry signed with the United Arab Emirates an agreement on Monday which sees the latter delivering 50 thousand housing units, worth $1.5 billion.

The Defense Ministry has given itself a majority stake in the new national entity controlling the national telecommunications infrastructure, according to daily business newspaper Al Borsa.

An Egyptian court ordered in remand a police officer charged with killing leftist activist Shaimaa El-Sabagh during a peaceful protest, adjourning the trial to 14 May after the first session was held on Sunday.

Justice Minister Mahmoud Saber has declined to retract the controversial remarks he made in which he suggested social status is vital when it comes to appointment in the judiciary.

A power cut which knocked Egyptian state television channels off air briefly on Saturday was caused by a malfunction in the main lighting system of the Maspero building in central Cairo which houses the stations, a senior government official said.

Egyptian President Abdel-Fattah El-Sisi has invited his Russian counterpart, Vladimir Putin, to attend the inauguration of the new Suez Canal project, scheduled to take place in August.

Egypt's inflation rate dropped to 11 percent in April year on year, compared to 11.8 percent in March, the Central Agency for Public Mobilisation and Statistics announced on Sunday.

An Egyptian court sentenced former president Hosni Mubarak and his two sons to three years in jail without parole on Saturday in the retrial of a corruption case, although the trio is unlikely to go to jail again.

An Egyptian senior diplomatic official has said the meeting Cairo is holding in the last 10 days of May to discuss a political solution for the situation in Libya would be attended by 150 Libyan tribe leaders from different parts of the country.

Egypt’s President Abdel Fattah El-Sisi on Thursday personally received the first batch of Ethiopian ‎workers to return from Libya through Egypt at Cairo International Airport. ‎