The presidents of Egypt, Greece and Cyprus inaugurated the “Nostos: Roots Revival” initiative in Alexandria on Monday. President Nicos Anastasiades of Cyprus ,Greek President Prokopis Pavlopoulos along with Egypt s President Abdel-Fattah El-Sisi inaugurated the event.

Egypt’s Ministry of Electricity is planning to impose a minimum quota of renewable energy consumption on factories operating in the local market by mid 2019, a source told Al- Renewable energy consumption will increase to contribute to around 6-8 percent of the total energy produced, a ministry source said, adding that the decision of imposing a quota would help support the expansion of Egypt’s renewable energy projects as it will ease some burdens on investors paying in the feed-in-tariff projects.

Trade and Industry Minister Tarek Kabil has issued a decree increasing the local component requirement for local car manufacturing to 46 percent, according to a statement from the ministry on Sunday. Previously only 45 percent of components of locally assembled cars had to be sourced domestically.

Egypt said on Sunday it wants talks over a dam Ethiopia is building speeded up in a sign of its apparent frustration over what it sees as foot-dragging by Addis Ababa over the dispute. Egypt and Ethiopia are at loggerheads over the construction of the Grand Renaissance Dam, a US$4 billion-hydroelectric project that Cairo fears will reduce waters that run to its fields and reservoirs from Ethiopia’s highlands and via Sudan.

Egyptian President Abdel-Fattah El-Sisi hailed on Sunday the Egyptian people for bearing the brunt of the economic reform program, while stressing that more work is needed to keep the economy on track. "All the thanks and gratitude goes to the Egyptians for their extraordinary efforts," El-Sisi said at a labor day event, which was hosted by the Egyptian Trade Union Federation (ETUF) to mark the 1 May International Workers Day celebrations. "Ordinary people withstood the tough impacts of the economic reform program, making sincere sacrifices," the President said.

Egypt s Foreign Minister Sameh Shoukry stressed in a Cairo meeting on Sunday with Yemeni counterpart Abdulmalik Al-Mekhlafi the need for a political solution to the crisis in Yemen, according to a statement by Egypt s foreign ministry. "The talks focused on assessing the political situation and the balance of power in Yemen," the statement said.

Egypt s housing ministry spokesperson announced on Wednesday that almost 80 percent of the rainwater that flooded the streets of New Cairo, on the outskirts of the capital, has been removed. Several areas of Cairo were hit with heavy downpour on Tuesday which buckled roads, damaged buildings, cut power and brought traffic to a standstill on major thoroughfares.

Egypt’s President Abdel Fattah al Sisi signed off on Tuesday a legislation to establish the Supreme Council to Combat Terrorism and Extremism to act as an independent body with all technical, financial and administrative powers, state news agency MENA reported. The law, earlier passed by the parliament and approved by the cabinet, stipulates that the council will be entrusted with mobilizing institutional and community support for countering all forms of terrorism, as well as drying up its sources of funding.

Speaking on the occasion of the 36th anniversary of Sinai s liberation from Israeli occupation, Egyptian President Abdel-Fattah El-Sisi said the peninsula today faces renewed threats from terrorist groups. "It s obvious to everyone that the greed in Sinai has not ended, and while the threats have changed in nature, their seriousness has not decreased," the president said in a speech broadcast on TV.

Egyptian President Abdel-Fattah El-Sisi met on Tuesday with leading European energy officials to discuss transforming Egypt into an energy hub for the region, according to a statement by the presidency. El-Sisi met with the European Climate and Energy Commissioner Miguel Arias Cañete as well as Ulrich Spiesshofer, the German chief executive officer of the ABB Group, a leading power and automation technology company.

Head of the Suez Canal Authority and Economic Zone, Mohab Mamish, announced on Monday that progress on reaching development agreements for expanding Egypt s industrial shipping zones in Port Said and Ain Sokhna is being rapidly made. Following a meeting with Egypt s Minister of Industry and Trade Tarek Kabil to discuss the latest work on Egypt s Suez Canal region, Mamish noted that negotiations with Dubai Ports (DP) are close to reaching an agreement to further develop Egypt s Ain Sokhna port region.

Egypt’s parliament approved on Monday an article from the Antiquities Protection Law that would stipulate strict financial fines for those who harass tourists at archeological sites. The penalties in the law include imposing financial fines of up to LE 10,000 on any one who harasses tourists while they are inside touristic sites or museums or those with the intention of begging, promoting, offering or selling a good or service in favor of others.

President of the World Bank group Jim Yong Kim praised the “economic success” that he said Egypt has achieved and applauded the legislation that contributed to improving the investment environment in the country. The statement came on the sidelines of the spring meetings of the World Bank and IMF in Washington DC. During a meeting with Egypt s Minister of Investments and International Cooperation Sahar Nasr, Kim said that President Abdel Fattah al-Sisi has courageously managed to overcome the challenges that have been facing Egypt s development.

The Egyptian Ministry of Foreign Affairs expressed deep regret over the United Nations Educational, Scientific, and Cultural Organisation (UNESCO) s honouring of the photojournalist Mahmoud Abu Zaid, known as Shawkan, who has been in pre-trial detention since 2013. The ministry said that it was informed that the UNESCO is seeking to grant Shawkan the Guillermo Cano World Press Freedom Prize and denounced the consideration of the photojournalist for the award.

More than 400 members of the majority "Support Egypt" coalition in Egypt s parliament held a meeting on Sunday to probe the possibility of forming a political party. Mohamed El-Sewedy, head of the coalition, told reporters that "a legislative and constitutional study will be conducted to see whether the majority Support Egypt coalition could turn into a political party. Intensive contacts will be held with political parties in the coming period to discuss this issue.

Egypt has welcomed the announcement by North Korea s leader Kim Jong Un on Saturday that the Asian nation plans to freeze its program of ballistic-missile and nuclear tests. In a statement issued on Saturday, the Egyptian Ministy of Foreign Affairs described the move as a "positive development", Al-Ahram Arabic news website reported.

Egypt’s President Abdel Fattah Al-Sisi stressed on Saturday Egypt’s rejection of the use of any type of internationally prohibited weapons in Syria, pointing out the importance of conducting a transparent international investigation into the matter. According to a statement released by the Egyptian presidency, Sisi’s statement was made during a phone call with his French counterpart Emmanuel Macron, in which they discussed the recent missile strike by Western powers in Syria.

Egypt s President Abdel-Fattah El-Sisi received in Cairo on Wednesday Mark Allen, the president of Boeing, to discuss civil and defence cooperation between Egypt and the American multinational corporation. The meeting was attended by Egypt s Civil Aviation Minister Sherif Fathy, according to a statement by Egypt s presidential spokesman.

Canada has ended a ban on belly cargo on direct passenger flights from Egypt following a more than two-year suspension over security concerns, Egypt s Minister of Trade and Industry Tarek Kabil said in a statement on Wednesday. The decision to lift the ban followed a visit by a technical delegation of the Canadian transport ministry to inspect logistics and security measures on direct cargo flights to the Canadian city of Toronto, Kabil said.

Egypt will discuss with Russia the resumption of Russian charter flights to the Egyptian tourist resorts of Sharm El-Sheikh and Hurghada, nearly one week after both countries resumed flights between their capitals. The recent flight resumption came after a 30-month ban by Moscow of flights between the two countries after a Russian airliner crashed in Sinai in 2015.

Spokesman for the Petroleum Ministry Hamdy Abdel Aziz said that the government aims to increase domestic production of petroleum products and to gradually lift petroleum products’ subsidies to sell petroleum at its cost price. Abdel Aziz said in a phone-in with ‘Al Hayat Al Youm’ program on ‘Al Hayat Channel’ that the current prices, which have been imposed since June 2017, cover 70 percent of the cost price of petroleum. He referred to the government’s announcement in 2015 of a plan to gradually lift petroleum subsidies.