The Central Bank of Egypt has reached a deal to secure $2 billion in financing from global banks, the bank said in a statement Thursday.

The Support Egypt Coalition submitted on Wednesday a draft legislation for a new NGO law to the parliament, to be discussed on the floor of the house next week.

Dana Gas Company, the Middle East's largest private sector natural gas company, will review its operational and capital expenditure in Egypt in 2017 in the event of the continuation of delay in Cairo's payments, the company said on Wednesday.

In a quick reaction to the results of America's ‎presidential election, Egypt MPs said the ‎triumph of republican candidate Donald ‎Trump could be a very positive ‎development for Egypt.‎

Antiquities Minister Khaled el Anany headed to China Wednesday to participate in the UNESCO High Level Forum on Museums, currently held in Shenzhen, China.

As the winter begins, the tourism sector in Egypt flourished slightly in some cities, including Hurgada, Sharm El-Sheikh, Luxor, Alexandria and Siwa Oasis. Tourism experts forecast a promising season compared to last winter, which saw very low tourist influx.

IMF chief Christine Lagarde said Tuesday she will recommend the institution approve a US$12 billion loan for Egypt when the board meets Friday to support the country's "ambitious" reform program.

Saudi Arabia has deported 45 Egyptians over illegal residence and disputes with sponsors, Youm7 reported.

Security forces managed to kill six takfiri armed elements in the northern tip of the Sinai Peninsula as part of tight crackdown against extremists, Youm7 reported.

Egypt's President Abdel-Fattah El-Sisi congratulated on Wednesday newly elected US President Donald Trump shortly after the declaration of his victory, the Egyptian Presidency announced.

Egypt's Ministry of Interior will no longer allow trucks to use the Suez and Ismailia highways on the outskirts of Cairo from 6 am to 9 am and from 1 pm to 4 pm, Al Ahram Arabic website reported.

Egypt’s stocks hit the highest level in at least eight years on Tuesday following cash flow from foreigner investors, who were clearly attracted to the prices of heavyweight shares, an analyst told Ahram Online.

The International Monetary Fund (IMF) board will meet on Friday to discuss Egypt’s request for financial assistance, IMF director Christine Lagarde said on Tuesday, adding that she will recommend that the loan be approved.

Billboards displaying promotional materials from the tourism campaign "This is Egypt" have been raised in London as Egyptian tourism minister Yehia Rashed attended a conference Monday on the sidelines of the World Trade Market.

Egypt will submit within two or three days a letter of intent to the International Monetary Fund for a $12 billion loan, Finance Minister Amr El Garhy was quoted as saying by the Al-Borsa newspaper on Monday.

The US dollar price jumped on Monday to a new level amid concerns that this state of confusion, which began yesterday, may continue in inter-bank trading for the American currency.

Egypt's Petroleum Minister Tarek El Molla said that total subsidies for petroleum products reached LE64 billion as a result of increasing oil prices and currency floatation, adding that fuel subsidy cuts announced on Thursday will save the government around LE22 billion.

After the Central Bank of Egypt (CBE) announced the pound floatation last Thursday, pharmaceutical companies have notified pharmacies Monday that the number of imported medicines will be reduced over the next 3 months, as of November 5, due to high costs.

Lawyer Ali Ayyub filed a lawsuit on Sunday at the State Council to demand canceling of the decision by Central Bank of Egypt’s (CBE) governor to float the Egyptian pound.

Egypt's decision to float the pound on Thursday is credit positive for Egyptian banks, Global credit rating agency Moody's said in a statement on Monday, adding that the decision would increase the availability of US dollars in the economy.