Egyptian authorities are interested in strengthening trade relations with Israel by increasing the volume of trade exchange through the Nitzana crossing; the main commercial land border between the two sides, Israeli Broadcasting Corporation Kan has reported.

Egypt’s and Turkey’s economic ties have survived the two countries’ political rift because a cutoff in relations would have harmed too many people on both sides.

Egyptian President Abdel Fattah al-Sisi on Saturday said that the volume of losses Egypt incurred by his country in 2011 is estimated at about US$ 400 billion, equivalent to LE six trillion.

Egyptian authorities said yesterday they had blocked a scheme aimed at financing the banned Muslim Brotherhood group through companies owned by the imprisoned founder and former chairman of dairy and juice firm Juhayna Food Industries, Safwan Thabet.

Egyptian authorities yesterday unfroze the funds of Alaa and Gamal, the sons of the late President Hosni Mubarak, and their families, after a decision issued by the Examination and Investigation Commission.

Egypt is working on a plan to attract Egyptians to settle in the Sinai Peninsula, by implementing development projects and providing job opportunities.

Egypt has announced plans to tax its social media content creators, triggering mixed reactions. In a statement issued on 25 September, the Egyptian tax authority said that “YouTubers and bloggers” earning over 500,000 Egyptian pounds ($32,000) a year would be taxed.

Egyptian authorities are abusing counter-terrorism laws to arbitrarily detain a leading businessman and his son in conditions that amount to torture in reprisal for their refusal to hand over company assets, Amnesty International said today.

Egypt said it will tax social media content creators in a revenue raising exercise as more citizens look to online platforms to make a living.

Egypt and Libya’s unity government signed a series of cooperation agreements and several infrastructure contracts on Thursday as Cairo eyes reconstruction opportunities in its oil-rich neighbour.