The United States views the International Monetary Fund’s proposed $12 billion bailout for Egypt as “essential” and is working with G7 economic powers to ensure that it is fully funded with bilateral financing, a senior U.S. Treasury official said on Tuesday.

Egypt has be invited to participate in a ministerial meeting will be attended by twenty countries, to discuss the political future of Mosul of Iraq on Thursday, Spokesman of the Foreign Ministry Ahmed Abu Zeid told Youm7 on Tuesday.

President Abdel Fatah al-Sisi declared the emergency case and imposed a curfew in four area northern Sinai for three months, reported state’s official newspaper al-Waqaei al-Masryia on Tuesday.

The Egyptian government appears to have backtracked on down-payment price increases for flats at a social housing program in the Suez Canal city of Port Said following street protests on Tuesday.

The exchange rate of the Egyptian pound has to be put in a “package” of pro-growth economic reforms, social protection and better fiscal policy to reduce the balance of payment and budget deficits, said Mohamed El-Erian, the chief economic adviser at European financial and insurance services giant Allianz.

Egypt has succeeded in securing 60 percent of the $6 billion in financing required to receive a loan from the International Monetary Fund (IMF), Prime Minister Sherif Ismail said on Tuesday according to MENA.

Egypt's second-largest public lender Banque Misr's credit and debit cards are now limited to local use unless customers travelling abroad provide documentation such as travel tickets and travel visas in order to use the cards outside the country, CEO Mohamed Eletreby said on Monday.

The Suez Canal Authority has signed a partnership deal on Tuesday with a Saudi International Expertise Association Academy – to build an iron and steel factory in Egypt’s Ain Sokhna.

Egypt and the United Kingdom concluded on Tuesday a joint naval exercise in Alexandria as part of the two countries’ “wider defence partnership,” a UK embassy in Cairo’s statement read.

Egypt's army said one solider and 19 militants were killed in the third day of its recent air and ground operation against insurgents in in the restive North Sinai region.

The Central Bank of Egypt (CBE) kept the Egyptian pound stable against the US dollar at 8.78 on Tuesday’s weekly auction, state news agency MENA reported, although the pound continues to weaken in the parallel black market.

Police are investigating the apparent theft of a police vehicle allocated to Colonel Sherif Abdel Sattar, head of the Civil Status Organization's (CSO) office in Beni Suef governorate.

The United States and Britain called on Sunday for an immediate and unconditional ceasefire in Yemen to end violence between Iran-backed Houthis and the government, which is supported by Gulf states.

The United States and Britain called on Sunday for an immediate and unconditional ceasefire in Yemen to end violence between Iran-backed Houthis and the government, which is supported by Gulf states.

Activists are calling for the release of an Egyptian-American woman with US citizenship who has been imprisoned in Egypt since 2014.

Saudi ambassador to Egypt Ahmed al-Qattan arrived in Cairo on Saturday after a three-day visit to Riyadh, where he he discussed Saudi-Egypt relations with government and ministry figures.

Moroccan media outlets have attacked Egypt for allowing a delegation from the separatist Polisario Front to take part in the joint Arab-African parliamentary conference in Sharm el-Sheikh last week.

Egyptian Finance Minister Amr El Garhy said on Monday his country would gather an additional $6 billion in bilateral funding required to secure a $12 billion International Monetary Fund (IMF) loan within one or two weeks.

Egypt is expected to receive a $1.5 billion fund from the World Bank during the current fiscal year as part of a 3yr- fund program worth $4.5 billion, Hafez Ghanme, vice president of the Middle East and North Africa at the World Bank, told Youm7.

The Egyptian Stock Market Exchange (EGX) opened Tuesday on a varied note after a sharp decline on Monday, Youm7 reported.

The Second Egyptian-Tanzanian Business Forum kicked off Tuesday in Cairo, and is set to last until Wednesday.