Egypt’s core inflation jumped but urban consumer price inflation eased for the second consecutive month in October, the central bank said, a week after it floated the pound and the government hiked interest rates and fuel prices.

The Egyptian Exchange (EGX) closed this week with gains amounting to 90.7 billion EGP after the central bank float the Egyptian pound against the US dollar, Youm7 reported.

The International Monetary Fund said that it will disburse an initial $2.75 million loan tranche to Egypt on Friday assuming that the Fund’s board votes to approve the $12 billion bailout program.

At least 32 Egyptian fishermen have been barred from leaving the Saudi Arabia for more than six months following a financial dispute with their Saudi “Kafeel”, or employer, Al Akhbar reported Thursday.

The Sadat Metro station, located beneath the iconic Tahrir Square, is closed on Friday amid calls for anti-government protest against deteriorating economic conditions, state news agency MENA reported.

Egypt's armed forces and police force raided 11 major "armed terrorist hotspots" in North Sinai governorate killing six militants, the army spokesperson announced in an official statement on Thursday.

Egypt condemned what it described as “irresponsible” statements made by Turkish President Recep Tayyip Erdogan about the Egyptian government.

As Egypt moves forward on the path to securing a $12 billion loan package from the International Monetary Fund (IMF), the country has found itself facing mysterious calls on social media for protests on Friday against “economic conditions."

Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces Sheikh Mohammed bin Zayed Al Nahyan arrived in Cairo on Thursday for a short visit to meet with President Abdel Fatah al Sisi, Youm7 reported. The visit is expected to include talks on strengthening bilateral relations and international issues of mutual interest. The UAE has been strong supporters of Egypt since the ouster of Islamist President Mohamed Morsi in July 2013. it pledged a $3bn aid package to Egypt, comprised of a $1bn grant and a $2bn interest-free deposit at the Central Bank of Egypt. The UAE has emerged as one of Egypt’s main backers following the 2013 ouster of Islamist president Mohamed Morsi, providing Cairo with billions of dollars in aid.

President Abdel Fatah al Sisi on Thursday issued a decree approving a technical cooperation agreement with Germany worth 25.38 million euro, Youm7 reported.

Egypt’s Prison Authority has finalized reviewing cases of 193 inmates scheduled to be pardoned in accordance to a presidential decree recently issued in honor of the 6 October War anniversary, Youm7 reported Thursday.

Egypt’s Central Bank has reached terms for $2 billion in financing from international banks, it said in a statement on Thursday.

Egypt’s annual urban consumer price inflation eased to 13.6 percent in October from 14.1 percent in September, the official statistics agency CAPMAS said on Thursday.

Egypt’s annual urban consumer price inflation eased to 13.6 percent in October from 14.1 percent in September, the official statistics agency CAPMAS said on Thursday.

The Egyptian Exchange (EGX) indices went up at the opening of a trading session on Thursday, backed by wide purchases by foreign institutions and investment funds, Youm7 reported.

The Egyptian Cabinet, headed by Prime Minister Sherif Ismail reviewed a report on current procedures adopted for preparing the new Investment draft law, Youm7 reported Wednesday.

Egypt issued on Wednesday $4 billion in bonds in the Irish Stock exchange, the finance ministry said, in an attempt to create new financing sources to plug the country's widening budget deficit.

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.‎