The Central Bank of Egypt said on Thursday it agreed to enter into a "new repurchase transaction" of $3.8 billion with a consortium of international banks including Citigroup, Credit Suisse AG, Deutsche Bank AG, First Abu Dhabi Bank PJSC and HSBC. ICBC Standard Bank, JPMorgan Securities, Natixis and Nomura International are also part of the consortium involved in the loan, it said in a press release on its website.

Egyptian President Abdel-Fattah El-Sisi has said the Wednesday tripartite cooperation summit between Egypt, Greece and Cyprus aims to "take practical steps" to boost cooperation between the three countries. El-Sisi, his Cypriot counterpart Nicos Anastasiades and Greek Prime Minister Alexis Tsipras met on the Greek island of Crete for the sixth round of the summit, which was first held in Cairo in 2014.

Egypt parliament s speaker Ali Abdel-Aal and President of the Senate of France Gerard Larcher held a round of talks in Paris on Wednesday. An official statement said the talks covered the current conditions in Egypt, particularly the country s battle against terrorism, the IMF-inspired economic reform programme, reform of religious discourse, and the human rights situation.

A report by the International Renewable Energy Agency (IRENA) has said that Egypt has the potential to generate up to 53 percent of its total energy from renewable energy sources by 2035. The report, titled "Horizons of Renewable Energy in Egypt," was released on the sidelines of Egypt s first conference on renewable energy on Tuesday.

Egypt s State Council President Ahmed Abou Al-Azm said there was no constitutional prohibition to appointing women as judges in the State Council, adding that the State Council itself has no objection to the matter. However, he said the entire process was a “matter of time”, as there are protocols that have to be followed to appoint women as state council judges, some of which include vacating suitable positions for women. During a speech he gave at the International Conference of the Arab Union of Administrative Judiciary, Abou Al-Azm added that, at that point, Egypt is content with the number of female ministers in the current government, which is evidence that Egypt is keen on women participating in different fields.

Egypt s Foreign Minister Sameh Shoukry discussed on Monday with the Commissioner for European Neighborhood Policy and Enlargement Negotiations Johannes Hahn the ongoing preparations for holding a meeting of the EU-Egypt Association Council by the end of 2018. The meeting was held on the sidelines of the 3rd Regional Forum of the Union for the Mediterranean (UfM).

Egypt’s Balance of Payment (BoP) ran an overall surplus of $12.8 billion during fiscal year (FY) 2017-2018, compared to an overall surplus of $13.7 billion during the previous fiscal yea. The Central Bank of Egypt’s (CBE) statement on Monday explained that this sharp surplus is attributed to the currency devaluation decision from November 2016.

Egypt launched a pan-Asian roadshow to promote its international bonds in South Korea on Sunday, part of a bid to bring down rising yields on its debt, the finance ministry said. The non-deal roadshow that starts in Seoul aims to open up new bond markets for Egypt, the statement said. The government cancelled four consecutive local currency T-bond auctions last month after bankers and investors demanded high yields on the debt.

Cash transfers for all was how Philippe Van Parijs, a professor of politics and economics, explained the concept of basic income at a lecture at the American University in Cairo (AUC) last week. A basic income policy is a programme through which citizens of a country may receive a regular sum of money from a source such as the government, without strings attached, as their “basic income.”

Egypt s Prime Minister Mostafa Madbouly was witness Thursday to the signing ceremony of a project to support adaptation to climate change on the North Coast and in the Nile Delta. The ceremony was attended by Minister of Water Resources and Irrigation Mohamed Abdel Aati, Minister of Environment Yassmin Fouad and the United Nations Development Programme (UNDP) Resident Representative Richard Dictus.

Petroleum Minister Tarek Al-Molla announced this week that Egypt will no longer import liquefied natural gas (LNG), saving the government the LE3 billion it earmarked annually to meet local demands. The savings are due, in large measure, to the Zohr gas field which began output in December 2017. Zohr, with reserves of more than 30 trillion cubic feet (tcf), is among the largest gas fields discovered so far in the Mediterranean.

The Egyptian cabinet approved a soft loan agreement between Egypt and the Kuwait-based Arab Fund for Economic and Social Development (AFESD) to assist in financing the construction of the Bahr El-Baqar Water Drainage System Project. The approval of the loan, worth 70 million Kuwaiti dinars (EGP 4.1 billion), came during a meeting Tuesday night chaired by Prime Minister Mostafa Madbouly.

Egypt s Foreign Minister Sameh Shoukry will start a two-day visit to the Japanese capital Tokyo on Wednesday to attend the ministerial meeting of the Tokyo International Conference on African Development (TICAD), scheduled for 6 and 7 October, Egypt s foreign ministry spokesperson Ahmed Hafez said. Shoukry will also meet with Prime Minister Shinzo Abe and other Japanese officials to discuss boosting bilateral cooperation and regional issues of common interest.

Egypt s Minister of Petroleum and Mineral Resources Tarek El-Molla said on Tuesday at the Arab Energy Forum in Marrakech that Egypt would continue to cut energy subsidies to reduce government expenditures while boosting energy efficiency. The minister said that energy subsidies represented a burden to the country s budget and drained finances that could otherwise be spent on improving social services.

Egypt s current account deficit for the 2017-18 financial year that ended in June narrowed by 58.6 percent to $6 billion, the central bank said on Monday. The central bank attributed the drop in the deficit to the impact of currency liberalisation. Egypt let its pound float in late 2016 as part of an IMF-backed economic reform programme.

Egypt sold EGP 904 million ($50.6 million) worth of three- and seven-year treasury bonds on Monday after cancelling sales for four successive weeks, the central bank said. The three-year bonds carried an average yield of 18.432 percent while the seven-year bonds carried an average yield of 18.431 percent, bank data showed.

Egyptian President Abdel-Fattah El-Sisi is set to open on Monday the first Arab Forum for Special Schools held in the Red Sea resort of Sharm El-Shiekh, said Presidential Spokesman Bassam Rady said in a statement. The forum, which will conclude 4 October, will be attended by Saudi Arabia, Bahrain, UAE, Kuwait, and Jordan, Minister of Education Tarek Shawki said on Saturday, while hailing the presence of El-Sisi, highlighting the president s attention to people with special needs.

Egypt is set to start on Monday the largest health campaign under the directive of the Egyptian President Abdel-Fattah El-Sisi, which aims to eradicate hepatitis C across the nation as part of the administration s strategic 2020 plan. In a press conference held on Sunday by Minister of Health Hala Zayed, the first phase of the "100 million healthy lives" campaign is expected to be launched on Monday in nine Egyptian governorates.

Egypts finance ministry intends to auction treasury bonds at a total value of EGP 498.750 billion during the second quarter (October-December) of the fiscal year 2018-2019. In an online statement on Sunday, the ministry said it will be selling 91, 182, 273 and 364-day bonds at EGP 125.250 billion, EGP 123.5 billion, EGP 110.750 billion and EGP 121.5 billion respectively.

Egyptian Preident Abdel Fattah El-Sisi met with Israeli Prime Minister Benjamin Netanyahu in New York on Thursday to discuss efforts to revive the Middle East peace process, a presidential spokesman said. During the talks, El-Sisi stressed the "importance of resuming negotiations between the Palestinian and Israeli sides with a view to reaching a just and comprehensive solution to the Palestinian issue based on the two-state solution and relevant international reference points," El-Sisi s spokesman Bassam Rady said in a statement.

Egyptian President Abdel-Fattah El-Sisi has assured Italy s Prime Minister Giuseppe Conte that the government is committed to finding the truth in order to bring to justice those responsible for the death of an Italian student in Cairo in 2016. The two leaders met on Wednesday in New York on the sidelines of the annual United Nations General Assembly.