The newly-appointed head of the authority created to administer and develop Egypt's Suez Canal megaproject criticised the government's unified income tax ceiling as too high to allow the creation of a special economic zone that can compete globally.

A proposed government-aligned parliamentary bloc seeking a 400-member majority received a sudden blow as major member parties recently walked out.

President Abdel Fatah al-Sisi welcomed Arab investment in Egypt in to explore for and produce oil and gas, according to a presidential statement released after his meeting with representatives of the Organization of Arab Petroleum Exporting Countries (OAPEC) Monday.

The Future of a Nation Party (FNP) announced its withdrawal from a parliamentary coalition formed by Sameh Seif El-Yazal, known as ‘Egypt’s Support’ coalition.

Fayoum Governorate saw Monday at sunrise the phenomenon of the sun rays' perpindicular fall on the Holy of Holies of Karun Temple.

President Abdel-Fattah El-Sisi is expected to issue three decrees as the newly-elected legislative chamber gets ready to convene following the conclusion of Egypt's first parliamentary elections in more than three years.

A total of 33 people were arrested Sunday at the Cairo Airport over theft, begging and escaping judicial sentences, Youm7 reported.

A lawyer has submitted an official complaint to the Supreme Judicial Council against a senior judge, accusing him of voicing personal political views during a press interview a week ago, including views on people detained pending judicial measures.

Egyptian Minister of Interior Magdy Abdel Ghaffar announced Saturday a reshuffle within the ministry extending to promotions, transfers, and dismissals of various officers.

Egypt signed a loan agreement worth 45 million Kuwaiti dinars or $150 million with the Arab Fund for Economic and Social Development on Sunday, state news agency MENA reported.

Egypt's stocks ended the trading week on the rise after business tycoon Naguib Sawiris offered LE1 billion to acquire the second largest brokerage firm in Egypt from the Commercial International Bank (CIB).

President Vladimir Putin said on Thursday Russia would remove all restrictions on flights to Egypt once reliable anti-terrorism measures were implemented.

The drop in global oil prices will not deter Saudi Arabia from supporting Egypt’s economy, its ambassador said on Thursday, adding Riyadh’s support would help ease an acute dollar shortage and reduce pressure on the government budget.

The cabinet approved in its weekly meeting Wednesday new modifications in the bids and tenders law that will give ministers and heads of governmental authorities and bodies more power in direct assignment operations.

Ancient Egyptian boy king Tutankhamen's famous golden mask was fully restored and is currently back on display in the Egyptian Museum in Cairo, said Egypt's antiquities minister Wednesday.

Egypt has elected a long-awaited parliament that is due to convene later this month, following over three years of a parliamentary vacuum since a court dissolved a 2012 legislature.

Saudi Arabia has pledged new support for Egypt’s economy in the form of oil assistance and US$8 billion in additional investments in the country.

President Abdel Fatah al-Sisi will meet with the irrigation and foreign ministers in the upcoming days to update him with the results of the recent six-party meeting on the Great Ethiopian Renaissance Dam (GERD,) a source told Youm7 Wednesday.

The cabinet is scheduled to begin discussing a draft law for the press and the media in its meeting Wednesday as part of the government’s preparations to present its programme to the upcoming parliament.

Egypt's Suez Canal revenue fell in November to $408.4 million from $449.2 million in October, data on the Suez Canal Authority's website showed on Wednesday.

Political analysts expect that the speaker of Egypt's new ‎parliament - or the House of Representatives - will be on the top of a list of 28 high-profile ‎figures to be appointed next week by President Abdel-Fattah El-Sisi. ‎