Egypt allowed its currency to float freely in a bid to stabilize the nation's economy and move towards securing a $12 billion loan from the International Monetary Fund.

Egypt says it is making good progress towards securing the financing to seal the IMF's biggest ever loan in the region.

Ahmed Badr, chief executive officer and head of MENA equities at Renaissance Capital Dubai, discusses the IMF's $12B loan program for Egypt and what it means for financial markets.

Egypt says it is close to finalizing a loan program with the IMF.

The Egyptian foreign minister has visited Jerusalem with the hope of resuscitating peace talks between Israel and the Palestinians, but Sameh Shoukry's trip also underlines a warming relationship between Egypt and Israel.

An Egyptian court has handed down its final ruling in the trial of 11 people, including toppled president Mohamed Morsi and Al Jazeera journalists, on leaking state secrets to Qatar. Six of the defendants were sentenced to death.

Under an anti-terrorism law adopted in Egypt in August 2015, journalists are forced on national security grounds to report only the official version of so-called "terror" attacks.

King Salman of Saudi Arabia says an agreement has been reached with Egypt to build a bridge over the Red Sea connecting the two countries.

Police in Egypt are blaming a criminal gang for the torture and murder of an Italian student activist in January