Egypt’s local currency has been noticeably strengthened against the US dollar on the black market on Wednesday amid expectations of upcoming measures by the government to control the exchange rate.

The co-founders of the Tamarod campaign – whose petitions against Islamist president Mohamed Morsi eventually led to his ouster in 2013 – dismissed on Tuesday as “lies” the recent remarks by ex-vice president Mohamed ElBaradei on his role in Morsi’s ouster and its aftermath.

Egypt's budget deficit hit 12.2 percent of the Gross Domestic Product (GDP), at EGP 339.5 billion for fiscal year 2015/16, the finance ministry said in an official statement on Wednesday.

Egyptian authorities at the Cairo International Airport barred political activist Malek Adly from traveling abroad on Wednesday as his name was put on no-fly list, Egypt’s state-owned newspaper al-Ahram reported. He was going to travel to Paris.

The Suez Canal Authority expects to hear back from three major shipping firms shortly about its proposal to give discounts on fees for using the waterway if they are paid in advance, its chairman said on Wednesday.

Egypt’s Supreme Investment Council on Tuesday approved a host of measures to boost investment that included an extended suspension of capital gains tax on shares and tax exemptions for producers in strategic sectors.

Former Egyptian vice president Mohamed ElBaradei released a long statement on Tuesday defending himself against what he described as a years-long "smear campaign" against him by the Egyptian media.

Egypt's prosecution has ordered on Wednesday a 15 day detention for five men over inciting protests on 11 November and joining a terrorist group that aims to obstruct state institutions.

Egypt and Jordan will conduct joint military drills next week at Jordan's Armed Forces/Arab Army (JAF) military fields, Jordanian news agency Petra reported.

Egypt's army said it is continuing efforts to overcome the damaging effects of floods in the Red Sea area and Upper Egypt last weekend, an army spokesperson said on Wednesday.

The secretary-general of the World Tourism Organization (UNWTO) has recommended that countries "immediately" lift the travel ban they have imposed on Egypt, saying that such a restriction increases the suffering of the country that endured a "terrorist act."

Egypt agreed on Tuesday to hand over documents belonging to Italian student Guilio Regeni who was found dead in Cairo in February, a joint statement by the Egyptian and Italian prosecution read.

Egypt’s supply ministry has increased the price of the subsidised sugar sold through ration cards by 40 percent to reach EGP 7 per kilogramme, an official at the interior ministry said on Tuesday.

The presidentially endorsed committee which will be tasked with reviewing cases of young detainees was formed on Tuesday, Al-Ahram Arabic news website reported Tuesday.

The Egyptian army announced on Tuesday it would distribute its "largest quantity of food supplies" to date at reduced prices nationwide, in a bid to help citizens survive current economic hardships.

Residents and commuters traveling the length of Egypt's Nile River have been treated in the last couple of days to the sight of murky brown water, as the country was hit earlier this week by severe floods, which muddied the river with sand.

The Central Bank of Egypt (CBE) kept the Egyptian pound stable against the US dollar at EGP 8.78 at Tuesday’s weekly auction, state news agency MENA reported; however, the pound has significantly weakened in the black market.

Egyptian Minister of the International Cooperation Sahar Nasr met with the Slovenian ambassador to Egypt Ms Tatjana Miškova on Monday to prepare for Slovenian President’s expected visit to Egypt due to be in December, the Egyptian ministry announced in a statement on Tuesday.

Foreign Minister Sameh Shoukry will meet with Germany’s National Security Advisor Christoph Heusgen in Cairo on Tuesday, discussing the bilateral of the mutual concern, Youm7 reported on Monday evening.

President Abdel Fatah al-Sisi will meet with head of the Arab Organization for Tourism Dr. Bandar Bin Fahd Al Fuhaid on Tuesday, Youm7 reported.

The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced a 41 percent decline in the total number of foreign tourists during September 2016, compared with the previous year.