Egypt and Saudi Arabia signed two agreements in Cairo worth EGP 250 million to finance entrepreneurship, small enterprises and car ownership for drivers who work for ride-sharing companies, the Saudi Press Agency reported Monday. The agreement on entrepreneurship and small enterprises, worth EGP 150 million, is between the Ministry of Investment and International Cooperation, the Saudi Fund for Development s Grant Committee and Enmaa Company for financial leasing, according to a statement from the ministry.

Egyptian Foreign Minister Sameh Shoukry discussed the latest developments in the region with the Emir of Kuwait Sabah Al-Ahmed Al-Gaber Al-Sabah, especially the situation in Lebanon, the Houthi attack on Riyadh, and the attack on the oil pipeline in Bahrain, ministry spokesperson Ahmed Abu Zeid said in a statement on Monday. Shoukry is on a three-day regional tour to discuss regional issues with various Arab leaders and officials.

Egypt s foreign minister Sameh Shoukry discussed recent regional developments with Bahrain s King Hamed during a meeting in Manama on Sunday, Egypt s foreign ministry said in a statement. Shoukry delivered a message to King Hamed from President Abdel-Fattah El-Sisi conveying Egypt s views about recent regional developments and their impact on the stability of Arab countries.

Egypt s Central Agency for Public Mobilization and Statistics (CAPMAS) said in a report on Sunday that the country s trade deficit has fallen 26.7 percent year-on-year in August 2017, standing at $3.31 billion compared to $4.52 billion during the same month last year. The country s exports increased to $2.17 billion compared to $1.86 during the same period.

Egypian Minister of Defence Sedki Sobhi departed for India on Sunday following an invitation from his Indian counterpart Nirmala Sitharaman to discuss enhancing bilateral military cooperation, Egypt s state-run MENA news agency reported. Sobhi is set to discuss security coordination with a range of Indian officials.

Egyptian President Abdel-Fattah El-Sisi said on Wednesday that he does not support war in a region which “faces enough turmoil.” "I am not with resolving any issue through war. We have had our experience with war. Wars are always bitter experiences and have very tough consequences," El-Sisi said when asked about the possibility of war with Iran or Hezbollah.

Egypt s annual urban consumer price inflation eased slightly in October to 30.8 percent from 31.6 percent in September, the official CAPMAS statistics agency said on Thursday.

Egypt s President Abdel-Fattah El-Sisi expressed in a speech on Wednesday his appreciation for the role of Egyptian women, highlighting that some unjust societal misconceptions have led to under-appreciation of women s role in maintaining the family and raising the youth, and thus should be corrected. El-Sisi gave the speech during a seminar on women s role in society, which was held on the sidelines of the World Youth forum that is taking place in Egypt s Red Sea resort of Sharm El-Shiekh from 4 to 10 November.

New legislation amending Egypt s parliamentary elections law, bringing it in line with the 2014 Constitution, will be referred to parliament soon, a member of a government legislative reform committee told reporters Wednesday. According to lawmaker Salah Fawzi, a constitutional law professor, the new law will be different as the constitution s articles 243 and 244 stipulate that young people, Christians, physically challenged persons, and Egyptian expatriates should be represented only in the first parliament to be elected after promulgation of the 2014 constitution.

On the sidelines of the ongoing World Youth Forum in Egypt’s Red Sea resort Sharm al-Shaikh, US TV channel CNBC and London-based Arabic newspaper Asharq Al-Awsat conducted interviews with Egyptian president Abdel Fattah al-Sisi, in which he discussed a host of issues related to the domestic and international affairs. Egypt Independent summarizes the topics that the president discussed.

Speaking at Egypt s World Youth Forum on Sunday, Egyptian Foreign Minister Sameh Shoukry asserted that illegal migration can pose dangers that threaten the lives of youth, particularly when it is tied to crimes of human trafficking, the ministry s spokesperson Ahmed Abo Zeid said in a statement. Shoukry made his speech on the second day of the international forum during a session entitled "The Negative Influence of Illegal Migration on the Youth of the World."

Egypt recorded its highest level of foreign reserves in its history, Egypt’s Central Bank announced on Sunday, climbing from $36.535 billion at the end of September to $36.703 billion at the end of October. In July, foreign net reserves jumped to $36.036 billion, hitting pre-2011 levels for the first time since the 25 January uprising, with international net reserves increasing $4.7 billion in July alone.

Egypt s newly appointed Armed Forces Chief of Staff, Lieutenant General Mohamed Farid Hegazi, has conducted an inspection of army and police forces deployed in North Sinai, Al-Ahram Arabic website reported. On Monday, Hegazi visited a number of checkpoints and military posts on the governorate s major roads, inspecting weaponry and the preparedness of security forces.

Egypt s President Abdel-Fattah El-Sisi inaugurated on Sunday the World Youth Forum (WYF) in the country s South Sinai resort of Sharm El-Sheikh. The forum, held from 4 to 10 November, has attracted thousands of participants from around the world, with official delegations from 52 states as well as youth representatives from 113 countries.

Egypt summoned several European ambassadors on Sunday following their criticism of the detention of an Egyptian rights lawyer, with the foreign ministry branding their comments "unacceptable and blatant interference in domestic affairs". In a statement, Egypt s foreign ministry spokesman Ahmed Abu Zeid said the envoys of Germany, Italy and Holland have been summoned by Deputy Minister of Foreign Affairs Ihab Nasr, with the ambassadors of the UK and Canada to be summoned later.

Egypt recorded its highest level of foreign reserves in its history, the Central Bank of Egypt announced Sunday. In an official statement reported by the state-owned MENA agency, the bank said that reserves climbed from $36.535 billion at the end of September 2017 to $36.703 billion at the end of October.

In a few days, the World Youth Forum (WYF) will take place in Sharm El-Sheikh from 4 to 10 November, carrying the slogan of “We Need to Talk”, under the patronage of President Abdel Fattah Al-Sisi. The forum aims to spread a message of peace, prosperity, harmony, and progress around the world.

Foreign investment in Egyptian securities rose to $18.8 billion in October, a year after the central bank floated the pound currency, a Finance Ministry official told Reuters on Thursday. Egypt floated its pound currency on Nov. 3 last year and the central bank has since hiked key interest rates by 700 basis points, driving up foreign appetite for domestic debt.

Egyptian President Abdel-Fattah El-Sisi visited a police officer in hospital on Wednesday who had been rescued from terrorists who had kidnapped him in the Western Desert, El-Sisi s office announced. El-Sisi was accompanied by Interior Minister Magdy Abdel-Ghaffar.

Central Bank of Egypt Governor Tarek Amer said on Tuesday that Egypt s financial status is currently stronger than it was before 2010, Al-Ahram Arabic news website reported. Egypt has been suffering from a severe economic crisis since the 2011 revolution, with a shortage in foreign currency reserves and liquidity. The government has been implementing an economic reform programme over the past two years, including floating the currency and cutting energy subsidies.

Egypt s economic reforms appear to be working, with growth and revenues picking up in some areas, a senior International Monetary Fund official said. "Positive results are being progressively seen," Jihad Azour, head of the IMF s Middle East department, said in an interview during a visit to Dubai.