Egyptian authorities are going to close Rafah Crossing on the border with Gaza on Monday for 24 hours, Egypt s state-owned news MENA reported. According to MENA, the closure comes on the occasion of the anniversary of the 23 July revolution, which is a national holiday for the public and private sectors in Egypt.

The World Bank s International Finance Corporation (IFC) will provide finance for the Egyptian private sector to the amount of $2 billion, Egypt s Ministry of Investment and International Cooperation announced Sunday. According to a ministry statement, the IFC finance will focus on the renewable energy field through 2019, as part of the partnership between Egypt and the World Bank.

Egyptian President Abdel-Fattah El-Sisi warned on Sunday that attempts to provoke chaos and instability in Egypt by fuelling discontent is the most serious threat the country has faced in recent years. "The real threat our country is facing is being undermined from within; the pressure, the rumours, the terrorist acts, hopelessness and discontentment," El-Sisi said in a televised speech at a military graduation ceremony.

Egyptian President Abdel-Fattah El-Sisi is beginning a two-day visit to Sudan Thursday, during which he will hold talks with Sudanese counterpart Omar Hassan Al-Bashir on bilateral ties, Egypt s state news agency MENA said. The duo will discuss recent developments in the region and issues of mutual interest.

Egypt s House of Representatives approved amendments to the law of residency and citizenship in its general session on Sunday, granting the Interior Minister the authority to grant Egyptian nationality to the new category of residents with a deposit of LE7 million, after half of the 10-years period stipulated earlier passes (5 years). According to the amendments, the State Treasury will claim the deposit s value. The new amendments sparked widespread controversy and overall mixed reactions.

The International Monetary Fund (IMF) has released a report titled Egypt Moving Forward: Key Challenges and Opportunities, where it highlighted the country s economic challenges in the coming years. The report said that the country should aim to make use of its rapidly growing population, modernise its economy, and provide a modern social safety net to protect the most vulnerable in society.

The social media accounts of Egypt s President Abdel-Fattah El-Sisi announced on Tuesday there would be a new round of the "Ask the President" initiative, whereby young people can send their inquiries about the country to the president. This round of the initiative is directed at university students, who will be able to send their questions to the president for a week starting on Tuesday.

The Egyptian parliament approved a draft law on Monday set to establish a sovereign wealth fund called the “Misr Fund” (Egypt Fund) according to a statement published on the parliament’s official website. The new law states that the Fund’s capital and the issued capital will be LE 200 billion and LE 5 billion respectively, collected from the public treasury. The primary source of the fund resources would be the assets base, which the fund will invest in cooperation with the private sector.

Egypt s ministers of investment, planning and environment discussed on Tuesday with Amina Mohammed, the deputy secretary-general of the United Nations, future developmental projects in Egypt worth $1.2 billion. The meeting was held in New York on the sidelines of the High-level Political Forum of the UN s Economic and Social Council (ECOSOC).

The Central Bank of Egypt has received a $400 million 12-month loan from the African Export and Import Bank (Afreximbank) to fund small and medium-sized enterprises in the country, Al-Ahram Arabic newspaper reported on Monday, quoting the bank s vice-president Amr Kamel. Egypt s central bank has fully paid off its past loan from Afreximbank which was taken out in November 2016 at the time of the floatation of the Egyptian pound, Al-Ahram reported.

Egypt s Ministry of Finance ratified a new increase to the prices of tobacco products on Monday. The price increase started on Thursday, with an additional increase of EGP 1 in the prices of imported brands. Egypt s largest tobacco producer Eastern Tobacco Company raised prices by 10-15 percent on Thursday, both to fund the comprehensive universal healthcare programme, the first phase of which was launched on 6 July, and as a reflection of value-added tax.

Egypt s Investment and International Cooperation Minister Sahar Nasr headed to New York on Sunday to partake in the United Nation s organized High-level Political Forum of Economic and Social Council (ECOSOC) in New York. The minister is set to map out during her visit Egypt s investment opportunities during the upcoming period. Ahead of the visit, Nasr affirmed the ministry is moving forward to give further support to health, education, water desalination, and other sectors of top priority to the Egyptian people.

Egypt s Ministry of Education has renewed a decision exempting Syrian and Yemeni students enrolled in Egyptian schools from paying a higher fee to attend schools in the country in the upcoming academic year. The ministry said in a statement on Sunday that Syrians and Yemenis are not required to pay the higher fee imposed on other foreign nationals given the hardships they have faced due to the ongoing civil wars in their home countries.

Egypt s Foreign Minister Sameh Shoukry discussed the Syrian crisis with a number of Arab and Western counterparts during a mini summit held to discuss the issue in Brussels, Belgium on Wednesday. In an official statement, Egypt s foreign ministry spokesman Ahmed Abu Zeid said that Shoukry met with the foreign ministers of the UK, the US, France, Germany, Saudi Arabia, and Jordan, who spoke about how to push for a political settlement to the Syrian conflict.

Despite an increase in the land planted with wheat this year, the crop delivered by farmers to the government has been less than last season. According to figures from the Ministry of Agriculture and land reclamation, the area planted with wheat in 2018 is estimated at 3.26 million feddans compared to 2.9 million last year.

Egypt s President Abdel-Fattah El-Sisi said in a minesterial meeting late on Tuesday that the state places youth at the top of its priorities, Al-Ahram daily reported. Tuesday s meeting was attended by Prime Minister Mostafa Madbouly and Minister for Youth and Sports Ashraf Sobhy.

The Tahya Misr Fund announced on Tuesday that it had concluded the reconstruction of ‎‎7,264 derelict houses in 232 villages in 15 governorates around Egypt, ‎a statement by the fund read. ‎ The project, which started in 2016, cost a total of EGP 200 ‎million. ‎The reconstruction project was initially a protocol of cooperation between the Tahya ‎Misr Fund and the Dar Al-Orman Association.

British tourism company Thomas Cook announced on Sunday that 500,000 tourists will be visiting Egypt in 2018. Thomas Cook is a major British tourism company formed in 2007. The group owns a number of tour operators, as well as airlines based in the United Kingdom, Germany, Belgium and Scandinavia. Blue Sky Travel acts as Thomas Cook s agent within Egypt.

Egypt has hailed on Monday the signing of the peace declaration between Ethiopia and Eritrea following the summit between Eritrea s President Isaias Afewerki and Ethiopia s Prime Minister Abiy Ahmed. The meeting between the Ethiopian and the Eritrean heads of state was the first such meeting in nearly two decades.

Italian oil giant Eni announced a second oil discovery in Egypt s Western Desert on Monday, some 130 km north of the Siwa oasis, a statement by Eni reads. In an official statement, Eni said the discovery was made on the B1-X exploration prospect located in the South West Meleiha Concession.

Egypt’s government is underway to establish a specialized database of all Egyptian scientists and senior experts residing outside the country, to better utilize their expertise, according to a press statement released by the Ministry of Immigration (MOI) on Sunday. Minister of Immigration Nabila Makram Ebeid met with Khaled Abdel Ghaffar, the Minister of Higher Education and Scientific Research, to discuss the possibility of forming an association entitled “Egypt Can” which would include the specialized database. Both ministries will coordinate to choose the association’s board from scientists inside and outside Egypt.