As Egypt is struggling to rally support for its economic summit scheduled to be held in Sharm El-Sheikh in March, the country needs to conduct a number of reforms to improve its investment climate and attract foreign investors, said economic experts.
Egyptian President Abdel Fattah al-Sisi said on Tuesday that he has no intention to establish a political party, which has been reassuring to politicians in Egypt, especially at a time months ahead of the parliamentary elections.
Egypt's foreign currency reserves might slide more as the North African country is set to pay back around two billion U.S dollars of its foreign debts this year, economic experts warned on Wednesday.
An Egyptian court on Thursday accepted an appeal against the sentence handed to three jailed Al- Jazeera journalists and a retrial will be scheduled, Ahram Online reported.
As Egypt and China have decided to elevate their bilateral ties to a comprehensive strategic partnership, Egyptian economists see the move is likely to amplify investment opportunities and mutual trade between the two countries.
"We are looking forward to developing our strategic relations with our friends in China," said Egyptian President Abdel Fattah al-Sisi to Chinese official media, including Xinhua, on Thursday at the presidential palace in the capital Cairo.
An Egyptian military plane crashed Wednesday during Egypt-UAE joint military drill, killing 2 Egyptian and 2 UAE officers, state-run Nile TV reported.
Egypt has been facing escalating waves of terrorist attacks since the ouster of Islamist president Mohmed Morsi last year, and officials believe better education and moderate religious teachings can help counter terrorism.
As the countdown is ticking for Egyptian parliamentary elections, experts see that the current political parties are not strong enough to form an influential parliament in the near future.
Egypt can buy as much natural gas as Cyprus can export, the country's Petroleum and Mineral Resources Minister Sherif Ismail said on Tuesday.
Despite the current political and economic challenges, financial experts and investors believe that Egypt appears to be on the right track to regain foreign investors ' trust and maintain its position as the largest market in the Middle East.
The United Arab Emirates (UAE) has termed the Muslim Brotherhood as a terrorist group, a decision seen by observers as a "serious attempt" to back Egypt in combating terrorism.
Terrorist activities have escalated in Egypt over the past few days and the authorities have been intensifying security presence and conducting massive anti- terrorism campaigns in various provinces across the country.
Egyptian anti-government militants have brought the ghost of the Islamic State (IS) from Iraq and Syria to Egypt as Sinai-based, al-Qaida-inspired Ansar Bayt al- Maqdis (ABM) group has recently sworn allegiance to the IS, Egyptian experts said.
Two policemen were killed and 15 people injured on Wednesday night during a bomb explosion in a railway station in Egypt's Nile Delta province Minufiya, state-run Ahram Arabic website reported.
By heads of states of Egypt and Sudan exchanging visits to the capital cities of Cairo and Khartoum, the two neighbors attempt to put their stagnant relations into motion and gradually end a period of "silent tension" between the two countries, said Egyptian political experts.
The partners in Israel's Tamar gas field announced on Sunday they have signed a bid to sell at least five billion cubic meters of natural gas over three years to private consumers in Egypt.
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