Top Headlines

• Egypt allows its currency to float freely, meeting key IMF demand
• OIC secretary general resigns following criticism after he mocked the Egyptian president
• Egyptian army brigadier general shot dead in North Sinai
• A car bomb in Cairo unsuccessfully targeted a senior Egyptian judge
• Egypt’s oil minister makes rare trip to Iran for oil talks after Saudi suspension
• First German passenger flight arrives in Sharm El-Sheikh after 1 year travel ban lifted

Photo via Mada Masr

Main Headlines

Monday

• OIC secretary general resigns following criticism after he mocked the Egyptian president
• New initiative to release young detainees faces skepticism from activist groups
• Egypt to receive biometric airport equipment in mid-November
• Ras Gharib citizens protest flood response during PM’s visit
• Egypt launches tourism promotion campaign in Rome

 Tuesday

• First German passenger flight arrives in Sharm El-Sheikh after 1 year travel ban is lifted
• Egypt to hand over Regeni’s belongings to Italy
• Egypt raises subsidized sugar prices by 40 percent amid supply shortage
• Egypt’s army distributes ‘largest food supplies’ in a bid to ease economic hardship
• Members of committee to review cases of Egyptian youth detainees is announced
• Parliament gives government 14 days to draft new Equal Citizenship Law

Wednesday

• ElBaradei’s statement breaks 3 years silence on post June 30 violence
• Founders of Tamarod accuse ElBaradei of ‘lying and misleading’ the public
• Egypt to impose severe restrictions on hiring foreign sports coaches amid dollar crisis
• Egyptian pound is temporarily stronger on black market amid uncertainty
• Egypt’s budget deficit hits 12.2 percent in 2015/2016
• Prosecution detains five over inciting protests on November 11
• Reporters Without Borders labels Sisi a “press freedom predator”

Thursday

• Egypt devalues its currency, meeting key IMF demand
• IMF welcomes Egypt’s decision to float currency
• Egypt’s stocks soar by most since 2008 after the central bank ends its control on the pound
• Egypt to raise fuel prices by up to 47 percent at midnight
• Egypt’s CBE sold $100 million at EGP 13 in an exceptional auction
• IMF, foreign countries to plug Egypt’s 2016/17 funding gap
• Two militants were killed in security raid in Cairo after an exchange of fire
• Al-Azhar University professor is suspended on accusations of promoting atheism
• UN Working Group on Arbitrary Detention demands the immediate release of journalist Mohamed Abu Zeid ( Shawkan)

Friday

• Egyptian army brigadier general shot dead in North Sinai
• A car bomb in Cairo unsuccessfully targeted a senior Egyptian judge
• Egypt to increase food subsidies amid price hike
• Egypt doesn’t have the luxury of postponing economic reform: Prime Minister
• ‪Egyptian‪ police arrest suspects allegedly behind the murder of top prosecutor
• Egypt‪ wins five-year term on UN International Law Commission

 Saturday

• 21 Morsi supporters sentenced to 15 years over 2013’s violence charges
• An Egyptian court issues preliminary death sentence against two in “Libya returnees case”
• Egyptian pound weakens in first day of interbank trading
• Majority bloc in Egyptian parliament supports pound floatation and fuel subsidy cuts
• Left-leaning Egyptian parliamentary bloc calls for rescinding ‘disastrous’ economic measures
• Washington praises Egypt’s new economic measures

Good Reports

• Your guide to understand the devaluation of the pound. Mohamed Hamama
• Egypt’s economy: People are tired. BBC news
• 3 prevalent ways to determine an exchange rate. Mostafa Mohie
• A look at the last time Egypt floated the pound in 2003, what was the impact of the devaluation back then? Beesan Kassab
• Beating the flight ban on holidays in Sharm El-Sheikh. BBC news

Good Read

• Rethinking U.S. Economic Aid to Egypt http://pomed.org/pomed-publications/new-report-rethinking-u-s-economic-aid-to-egypt/ Amy Hawthorne
• Egypt averts economic collapse, for now. The New York Times’s editorial board

From Twitter

https://twitter.com/EricTrager18/status/795302215107813376

https://twitter.com/mahirzeynalov/status/793797308605403136

https://twitter.com/orenkessler/status/793917693749555205

https://twitter.com/DavidKenner/status/795363879039672324

Timeline:

• The Egyptian pound over the last five decades

Plus

• Egypt’s All-Woman Roller Derby team is skating past stereotypes
• ‘Egypt is Safe’: UN World Tourism Organization Meeting Opens in Luxor

Finally here are Jayson Casper’s prayers for Egypt