Egyptian president Abdel Fattah al-Sisi stressed on Saturday the importance of reducing the public debt and increasing the foreign exchange reserves, according to a statement by the presidency.

The banking market awaits the launch of the tender by the Central Bank of Egypt (CBE) to sell US dollars to banks on Tuesday in order to learn whether the CBE will depreciate the Egyptian pound against the dollar again.

The ceiling of Ra Wer tomb, located at the site of the Giza pyramids, collapsed four days ago, according to Omar al-Hadary, general coordinator of the Antiquities Ministry independent trade union.

Head of parliament Ali Abdul-Aal will hold an urgent meeting this week with the parliamentary committees of foreign relations, defence and national security, and human rights to discuss Egyptian-Italian relations, member of parliament Tarek Al-Khouly told Daily News Egypt.

Egypt “regrets” a decision by the Italian parliament to suspend the supply of military spare parts to Cairo, saying it will “negatively affect cooperation in the field of countering illegal immigration in the Mediterranean and dealing with the situation in Libya and other fields where Italy has received Egyptian support.”

Education Minister Al-Helali al-Sherbeni will begin the restructuring of certain sectors within the Education Ministry after the Eid al-Fitr holidays, a ministry source told Al-Masry Al-Youm on Thursday.

Former PM and TV host Tawfiq Okasha was detained by prosecutors on Thursday after accusations that he had kidnapped his own son.

Roundup of Egypt's press headlines on Jul. 5, 2016

Egypt’s social digest July 5

Egypt’s Business digest July 5

Egypt’s political digest July 5

Egypt’s local news digest July 5

Egypt's Al-Azhar deplores 'despicable' Saudi bombings

Eid Al-Fitr to start on Wednesday: Dar Al-Ifta

Cabinet cancels daylight saving time following parliament vote

Egypt 'fully supports' Iraqi government after Baghdad's Karada and Shaab attacks

Egypt human rights body reports torture, violations

Appeal against Malek Adly's detention denied

Egypt’s social digest July 4

Egypt’s business digest July 4

Egypt’s political digest July 4