The role of Egypt’s military in the economy is likely to decrease in two to three years, Prime Minister Sherif Ismail said in a television interview with CBC.

UN special envoy to Libya Martin Kobler arrived in Cairo on Monday to take part in a trilateral meeting on means of reaching a political settlement in Libya, Youm7 reported.

Egypt’s Red Sea resort of Sharm al Sheikh will host the African Union (AU) annual forum of the high-level Retreat of Special Envoys and Mediators on the Promotion of Peace Security and Stability in Africa, scheduled for Oct. 26-27, Youm7 reported.

The Egyptian Armed Forces have killed eight “Takfiri elements” in North Sinai during the past 24 hours, security sources told Youm7 Tuesday.

Egypt will hold a series of meetings with investors in the second week of November to promote its dollar-denominated Eurobonds of at least $3 billion, the country's finance minister Amr El-Garhy said in a Cairo conference on Monday.

Egypt expects to seal a final deal to receive a $12 billion International Monetary Fund loan package within two months, Prime Minister Sherif Ismail said in a TV interview on Monday.

An appeal against a new Value Added Tax (VAT), which was introduced in a recent law, has been postponed to November 6.

Japan has signed a deal to provide US$460 million in funding for the construction of Egypt's Grand Museum.

Egypt’s First National Youth Conference will kick off on Tuesday for three days in Sharm El-Sheikh, supervised by the presidency and attended by several political parties and groups.

Egypt's President Abdel-Fattah El-Sisi met in Cairo on Monday with a delegation of US businessmen headed by US Ambassador David Thorne, the Senior Advisor to the Secretary of State for economic issues, to discuss strategic and economic cooperation between the United States and Egypt, the Egyptian Presidency announced.

Ismailiya prosecution ordered on Monday the detention of El-Mostakbal Prison's warden and chief inspector for four days pending investigations into the escape of inmates from the prison last week, Ahram Arabic website reported.

Egyptian authorities raided and confiscated the sugar supply of the Edita Company on Thursday and Saturday, causing production to halt amid a market-shortage and rapid price hikes, the company's chairman said on Sunday.

Interior Minister Magdy Abdel Ghaffar said on Sunday that security services will not permit a repeat of previous attempts at sabotage and social unrest in Egypt, as authorities brace themselves for protests planned for November 11.

Egyptian Defense Minister Sedki Sobhi met with Spanish Foreign Minister José Manuel García who paid Egypt a two day visit, during which he was seeking bilateral cooperation, Youm7 reported on Monday.

Egypt's Supply Ministry has raised its provision of sugar from 4,000 tonnes to 9,000 tonnes per day to secure the essential commodity, the Ministry announced on Sunday.

An Egyptian foreign ministry official criticized a recent article published by Britain's Guardian website that attacked Cairo's stance on Syria.

Housing Minister Mostafa Madbouly has said that the new administrative capital project will provide jobs to thousands of Egyptians.

Poland's defense minister said he thinks Egypt has sold two French-made Mistral warships to Russia for the symbolic price of US$1 – a claim Russia on Friday dismissed as "nonsense".

International Cooperation Minister Sahar Nasr on Sunday signed an agreement with European Investment Bank (EIB) Vice-President Dario Scannapieco to provide Egypt with 13 trains for the second line of the underground metro, Youm7 reported.

A leading US business delegation arrived in Cairo Sunday in an official visit to meet with President Abdel Fatah al Sisi and government officials to discuss ways to strengthen bilateral cooperation between the two countries, the US Embassy in Cairo announced in a statement.

The U.S. Embassy in Cairo condemned on Sunday in the strongest terms the brutal murder of Brigadier Adel Ragaai.