The International credit rating agency Fitch said on Monday that for Egypt securing an IMF funding deal would be credit positive for the country's economy, yet warned that risks in implementation are high and the country will continue to face several economic challenges.

Egypt's M2 money supply was up 18.6 percent at the end of June from a year earlier, the central bank said on its website.

The National Falcon Company for Airport Security will start screening luggage and passengers at Sharm El-Sheikh airport Monday, CEO Sherif Khaled said in an interview with weekly economic magazine Al-Ahram Al-Ektesady.

Egyptians will "very soon" be able to purchase U.S. dollars at a unified rate, state television quoted President Abdel Fattah al-Sisi as saying on Monday.

Egypt's President Abdel-Fattah El-Sisi said on Monday that the state is currently facing the challenge of fostering trust between the government and the public and getting people to accept the adoption of "harsh economic measures."

Egypt has opened the Middle East region's biggest hospital unit dedicated to the treatment of stroke patients. The new unit at Qasr al-Aini Medicine School in Cairo will treat patients for free, according to officials.

A senior government official has revealed an International Monatery Fund (IMF) suggestion to fully float the Egyptian pound against the US dollar, during ongoing negotiations for a US$12 billion loan to be paid to Egypt over 3 years.

Russia expects that Egypt will be able to fulfill all necessary air security requirements by the end of October, Russian Transport Minister Maxim Sokolov said Monday.

Egypt’s finance minister said in a television interview on Sunday that Egypt’s external debt would reach $53.4 billion if his country receives an International Monetary Fund (IMF) loan.

Egyptian Ministry of Foreign Affairs denied media reports claiming that Egypt has asked Israel’s mediation in talks between Cairo and Addis Ababa on the Ethiopian controversial Renaissance Dam, state-owned news agency MENA reported ministry spokesperson Ahmed Abu Zeid said in a statement Monday.

An Egyptian court sentenced two journalists from Al-Ahram online news portal, on Sunday, to prison and a fine respectively for publishing false new about former Justice Minister Ahmed al-Zend.

On Sunday, New Cairo Misdemeanor Court of Appeals set September 8 as the date to review an appeal filed by the former Chief of the Central Auditing Organization (CAO), Hesham Geneina, against a verdict sentencing him to jail for circulating false news.

Telecom Egypt, the country's state-owned landline monopoly, said on Sunday its board had given preliminary approval to a plan to buy a fourth-generation mobile phone license.

Technical studies to build a bridge linking between Egypt and Saudi Arabia over the Red Sea has started, Adel Turk, head of the General Authority for Roads & Bridges and Land Transport was quoted by Youm7 Sunday.

Chairperson of the Drinking Water Company of Delta’s Dakahlia stated that the governorate suffers sever water shortage to an extent that per capita share does not exceed 90 liters daily, Youm7 reported Monday.

Human rights lawyer Malek Adly saw his detention renewed on Sunday for another 15 days pending further investigations on charges of attempting to overthrow the regime.

The International Monetary Fund (IMF) has not imposed any preconditions on Egypt in order to implement a mooted $12 billion loan package, the country's finance ministry said on Sunday.

Finance lease activity grew by 12 percent in the first quarter of 2016 year-on-year, to EGP 11 billion, the head of the Egyptian Financial Supervisory Authority said on Sunday.

Over 40 people were hospitalised late on Saturday after they became sick from food poisoning in the Nile Delta governorate Kafr El-Sheikh, Ahram Arabic news website reported.

Cairo Court of Cassation rejected on Sunday an appeal filed by the Islamic researcher Islam al-Beheiry and upheld a one-year sentence given to him by Masr al-Qadima Misdemeanor Court of Appeals for blasphemy.

A group of political parties, syndicates, unions, and activists released a statement on Sunday to express their solidarity with the workers of the Alexandria Shipyard Company, who will be sentenced on Tuesday when the Alexandria Military Court hands down its verdict.