Egypt's stock exchange is changing its rules on global depositary receipts (GDRs) to encourage companies to increase their "free float" of shares at home before looking abroad to raise money.

Egypt will sell stakes of between 20 and 30 percent in state companies that it decides to float on the stock exchange, Finance Minister Amr al-Garhy said on Thursday.

The president of the Consumer Protection Agency has dismissed rumors on social media that a company operating in Egypt is selling and marketing a car called "Nano Egypt" at a cost of only LE25,000.

Egypt’s general prosecution ordered Thursday the four-day detention of a police officer pending investigations into murder of a man in an exchange of fire with police in the Minya village of El-Baiho.

Egyptian armed forces announced Thursday the killing of militant group Ansar Beit Al-Maqdis leader Abu Doaa Al-Ansari and a number of his associates in air strikes against the group's strongholds south and south-west of Al-Arish in Sinai, the army spokesman said.

An Egyptian administrative court adjourned on Thursday 12 cases brought against the controversial Egyptian-Saudi island deal to look at documents submitted by the government to support its case, a judicial source said.

Egyptian chemist Ahmed Zewail's body is set to arrive in Egypt on Saturday ‎morning for a ‎military funeral and burial that will be held in the morning of the next day.‎

Egypt's military hoisted the Egyptian flag Thursday on an advanced new warship it received from Russia at a ceremony by the Armed Forces, an army statement said.

"You have the High Dam in Egypt, and we hope to have the GERD, because we want electricity and our country to grow,” an Ethiopian taxi driver in Addis Ababa told Ahram Online, “and I am paying for this dam.”

Seventy MPs have announced their outright rejection of a bill submitted to parliament by MP Mahmoud Attia granting Egyptian nationality to foreigners who deposit US$5 million or more in an Egyptian bank.

Egyptian Minister of International Cooperation Sahr Nasr and Minister of Housing Mostfafa Madbouly has met Wednesday evening with director of Cairo Bureau of European Bank for Reconstruction and Development (EBRD) Philip Tirrot to discuss financing a project of waste water treatment in Abu Rawash city, 8 km to the North of Giza, according to a statement from the Ministry of International Cooperation Thursday.

Britain's new Prime Minister Theresa May has pledged that the UK would work towards propping up Egypt's ailing economy and increase British investment in the country, Egypt's state news agency MENA reported.

The U.S. Embassy in Cairo joins Egyptians, Americans, and friends around the world in mourning the passing of Ahmed Zewail, a leading contributor to the world of science, said the embassy in a statement.

Egyptian Ministry of Emigration Nabila Makram stated that her country may go to the international jurisdiction over the case of the Egyptian national Mohamed Al Naggar, who died in German prison late June.

Egyptian Ministry of Water Resources and Irrigation has decided to downsize the number of Egyptian mission in South Sudan due to the political and security instability, Youm7 reported Ahmed Bahaa al-Din, head of the Nile Water Section at the Ministry Thursday.

A dowry of gold is the first step in marriage procedures for Egyptians, and Sagha is the destination. The area is the hub for dozens of shops selling gold jewelry and used to witness people rejoicing oncoming of weddings.

The Arab Organization for Industrialization (AOI) announced in a press release on Wednesday it manufactured 100 percent Egyptian third-class railcar using modern methods.

Preliminary investigations suggest that a young Egyptian man who died in a German prison had committed suicide and was not subjected to torture as claimed by his relatives, an Egyptian Foreign Ministry official said on Monday.

Egypt's President Abdel Fattah al-Sisi discussed the current suspension of UK flights to Sharm el-Sheikh with British prime minister Theresa May in a phone call on Wednesday.

A video purportedly by Egypt's Islamic State affiliate has delivered a rare direct threat to Israel, saying the Jewish state will soon "pay a high price."

The handover of security screening in the Sharm El-Sheikh airport to National Falcon Company for Airport Security, supposed to take place on Monday, has been postponed to the second half of August, Al-Borsa newspaper reported on Wednesday.