Egypt's central bank strengthened the pound on Wednesday, injecting dollars into a banking system that has been suffering from an acute foreign exchange shortage for months.

Prominent business tycoon and Al-Masry Al-Youm co-founder Salah Diab and his son were released on bail Wednesday.

Cairo and Riyadh signed an agreement to establish a 'Egyptian-Saudi Coordination Council' to supervise the implementation of protocols and memorandums of understandings between both countries, especially the Cairo Declaration, Egypt's presidency said in a statement on Wednesday.

Chief of Staff Mahmoud Hegazy arrived in France Wednesday along with a high-level delegation to discuss military cooperation amid a series of visits to several countries to enhance military ties, Youm7 reported.

Egyptian investigative journalist and human rights activist Hossam Bahgat was released from the custody of military prosecution on Tuesday, two days after his detention on charges of "publishing false news aimed at harming national security."

The South Giza Court has decided to renew the detention of businessman Salah Diab for 15 days, pending an investigation into charges of possessing unlicensed arms at his house in the Manial Shiha area.

The Egyptian pound was stable at a dollar sale on Tuesday, with the central bank selling $40 million at a cut-off price of 7.9301 pounds per dollar, while the currency weakened on the parallel market.

The UK has passed “certain data” to Moscow related to the Russian plane crash over Egypt’s Sinai Peninsula, according to state-affiliated Russian news agency Sputnik citing Kremlin press secretary Dmitry Peskov Monday.

The government plans to offer new licences for the production of cement to meet the future needs of the local market, which is expected to reach 90.4m tonnes by 2022, according to Minister of Industry and Foreign Trade Tarek Qabil.

Egypt expressed worries on Sunday that the construction rate of Ethiopia's Renaissance Dam is too quick to carry out any future recommendations of the tripartite committee, state news agency MENA reported.

Egypt’s stock market was ordered to freeze the assets of businessman and Al-Masry Al-Youm founder Salah Diab and 16 others on Monday, its chairman said.

Defense Minister Sedqy Sobhy met with U.S. Navy Secretary Ray Mabus and his accompanying delegation in Cairo Monday, according to a military statement.

Independent investigative news website Mada Masr's reporter Hossam Bahgat was ordered to four days of custody detention pending interrogaitons by Military Intelligence over charges of reporting false, military-related news, according to the website's chief editor Lina Attalah.

Russian experts expect it would take at least two weeks to audit Egyptian airports before Russian flights to Egypt resume, said deputy head of Russia’s Association of Tourist Operators Dmitry Gorin to local Russian media Monday.

Journalist Hossam Bahgat was summoned to Egypt’s military intelligence service for questioning Sunday morning, independent news website Mada Masr reported, adding that the reason behind the order remains unknown.

The UK is not evacuating British holidaymakers in Egypt but rather assisting them to return home at the end of their holidays, the British embassy said in a statement on Saturday.

The Egyptian pound was stable at a dollar sale on Sunday, with the central bank selling $40 million at a cut-off price of 7.9301 pounds per dollar, while the currency strengthened on the parallel market.

An Egyptian businessman who co-owns Al-Masry Al-Youm daily newspaper was arrested on corruption charges at his villa in Giza on Sunday morning, two days after his assets were frozen by prosecutors, a security source told Al-Ahram's Arabic website.

Egypt's foreign minister said Saturday states that have announced that the Russian plane crash was caused by a bomb have not shared information in detail with Egyptian security apparatuses.

Up to 20,000 British tourists are awaiting flights back home following the UK’s “precautionary” decision to suspend all flights by UK-based airlines over Egypt’s Sinai after fears that an explosive device was the likely cause of last weekend's crash of a Russian airliner over the peninsula.

Egypt has promoted the airport chief at Sharm al-Sheikh days after a Russian plane that took off from the Red Sea resort crashed in a disaster that killed all aboard and was claimed by Islamist militants.