Moody's Investors Service said on Monday that the Egyptian parliament's recent approval of the value-added tax (VAT) is a credit positive despite it being approved at 13 percent instead of the government's recommended 14 percent.

Egypt's President Abdel-Fattah El-Sisi discussed bilateral ties with German Chancellor Angela Merkel when the two leaders met on the sidelines of the G20 summit in China, Egypt's state news agency MENA reported.

Egypt's net foreign reserves rose to $16.564 billion at the end of August, the central bank said on Sunday. Reserves stood at $15.536 billion at the end of July.

France says it supports reform measures taken by Egypt in a bid to revive the country's ailing economy, according to a statement by the Egyptian president's office.

The Illicit Gains Authority (IGA) began hearing testimony on Sunday from MP Mostafa Bakry regarding the report he filed against former Supply Minister Khaled Hanafy, who resigend at the end of August.

Australian Prime Minister Malcolm Turnbull invited Sunday President Abdel Fatah al-Sisi to visit his country to be the first visit of Egyptian President to Australia, said Egypt’s Presidential Spokesperson Alaa Youssef in a statement Monday.

Opening of the Egyptian-Palestinian border crossing of Rafah resumed Monday for the third day in a raw in both directions to allow the passage of urgent humanitarian cases, sick people and permit holders, an Egyptian official at the border told Youm7.

Speaker of Egyptian House of Representatives Ali Abdel-Aal met with a delegation from the French Senate Sunday, Youm7 reported.

The House of Representatives members will vote Tuesday on the controversial Public Service draft law, after making new amendments to the law upon recommendations from the State’s Council, Parlmany reported Monday.

The board of Egypt's top cigarette maker, Eastern Company, approved a capital hike of 750 million Egyptian pounds (US$84 million) on Sunday through the distribution of one free share per existing original share.

Sources from the local pharmaceutical industry circles have reacted to accusations leveled against the Egyptian military for its alleged attempt to control the distribution of subsidized infant milk, saying that military was not culpable in a current shortage that has led to protests from parents.

Egypt's Prime Minister Sherif Ismail said Sunday that a new Supply Minister will be appointed within the next few days, succeeding former minister Khaled Hanafy, who handed in his resignation two weeks ago.

Egypt's General Authority for Supply Commodities (GASC) purchased on Sunday 50,000 tonnes of Brazilian raw sugar, GASC vice chairman Ahmed Youssef told Reuters.

A North Cairo criminal court sentenced to death on Sunday four Islamist militants after they were convicted of forming a terrorist cell in Gharbiya's Tanta.

Women have contributed up to 50 percent to the 1.2 million micro enterprises across Egypt supported by the Social Fund for Development (SFD) from 2009 to 2015, the state's official statistics body CAPMAS announced on Sunday in a press release sent to Ahram Online.

Egypt's health ministry has broadened the criteria for those eligible to receive subsidised baby formula amid a severe market shortage in baby milk that prompted protests last week, Ahram Arabic news website reported.

Egypt’s foreign minister Sameh Shoukry headed the Egyptian delegation at the G20 Summit meeting of foreign ministers on Sunday, where he delivered a speech calling for the integration of developing countries into the global economy, according to a statement published on Shoukry's Facebook account.

Egypt's irrigation and water resources minister announced on Sunday the postponing of contract signing with two foreign consultancy firms – to study the impact of Ethiopia's Grand Renaissance Dam on downriver countries – due to "unresolved issues."

Egypt's President Abdel-Fattah El-Sisi met with his Chinese counterpart Xi Jinping on Sunday in Hangzhou, where he is to attend the Group of 20 (G20) Summit, presidential spokesman Alaa Youssef said.

Three policemen were injured on Sunday in Egypt's Damietta while attempting to defuse one of two explosive devices, the Ministry of Interior said.

The size of the drug trade in Egypt amounts to LE400 billion, which is equivalent to half of Egypt's state budget and double the budget deficit, said Hanan Girgis, Operations Director of the Egyptian Center for Public Opinion Research (Baseera), on Friday night.