Top Headlines

• Egypt-IMF reach staff-level agreement on a Three-year US$12 Bln  fund facility 
• After IMF deal, Egypt’s Sisi says will not hesitate on tough reforms
• Egypt inflation rate at 14.8% in July
• Egypt sets jail as punishment for black market forex trading

Main Headlines

Monday

• Egypt announces sharp rises in electricity pricesas it aims to phase out subsidies
• Egypt has shut down half of its licensed currency exchange bureaus for violations
• Egyptian FM spokesperson says article published in The Economist is “reductionist and biased”
• Italian MP says Egypt’s government is ‘not responsible’ for Regeni’s murder
• Amendment of Egypt’s press law is indefinitely postponed by parliament
• Coptic sectarian violence victims flee Minya and demand justice in front of Parliament

Tuesday

• Sudan floods will increase Nile water level in Lake Nasr
• Record Nile flood waters to be stored for “lean years”
• President Sisi appoints Hisham Badawy as Egypt’s new top auditor