Economic experts warned of the dangers of the high rate of bankruptcy among Egyptian companies and factories and its effect on the rates of unemployment and poverty. It was reported recently that bankruptcy has closed 470 companies and 4,500 factories.
- The Democratic Current Coalition submitted to Prime Minister Ibrahim Mahlab five memorandums, including proposed amendments to the controversial 2013 Protest Law.
- Cairo University decided to ban former Prime Minister Ahmed Nazif and other officials who served under former President Hosni Mubarak from teaching at the Faculty of Engineering.
After the death of third grader Adham Mohamed on Tuesday, who died after being hit by a vehicle delivering school meals at his school in Giza, the South Giza Prosecution referred the driver of the vehicle, the director of the school, personnel responsible for student meals and school security personnel to the court to be tried on charges of manslaughter and dereliction of duty.
- The Education Ministry signed an agreement with a number of civil society institutions to carry out maintenance and renovation at some schools.
- The armed forces announced plans to implement a group of new tourist projects east of the “New Suez Canal” project.
President Abdel Fatah al-Sisi delegated authority to Defense Minister Sedki Sobhy to issue necessary military-related mobilization decisions for one year.
- The international consulting firm tasked with presenting a study on the impact of the Grand Ethiopian Renaissance Dam (GERD) will be revealed Dec. 4.
- The remains of a soldier killed during the 1973 October War have been discovered at the site of “New Suez Canal” expansion project.
Ajnad Misr claimed responsibility for the Wednesday bombing outside Cairo University that injured 11 people.
- The Ministerial Economic Group will issue new laws to facilitate investment and establish a new high council for tax collection.
Prime Minister Ibrahim Mahlab promised Egypt Telecom he would issue a license for the company to provide cell phone services in a month. It will become the fourth cell phone company in Egypt. Egypt Telecom is a privatized company that operates the telecommunications infrastructure of the country.
- EgyptAir is in a competition over internal flights with a local travel company.
- Egypt pays $43 million to Dana Gas, and still owes $11 million.
- The government obligated cement companies to increase subsidized cement to 350,000 tons a month.