Today’s headlines: November 3, 2016

The headlines in today’s main state and privately owned newspapers:

US dollar’s black market value collapses:  Price falls to LE13.75 as exchange bureaus halt operations, Al-Masry Al-Youm (page 1)

Central Bank of Egypt issues US$2 bn in exceptional auction to end currency speculation, Al-Shorouk (page 1)

Overly bureaucratic and outdated legislation is obstacle to investment, Al-Wafd (page 1)

Why ElBaradei’s statement came now and the objective behind it, Al-Dostour (page 1)

Government discusses amendments to protest law and considers presidential authority to release detainees, Youm7 (page 1)

German ambassador to Cairo: ‘We refuse to be accused of smuggling funds into Egypt in diplomatic bags,’ Al-Masry Al-Youm (page 3)

Sisi tells European Parliament Delegation for relations with Mashreq countries Egypt intends to support democracy and human rights, Al-Akhbar (page 3)

Rome: Italian prosecutor Sergio Colaiocco’s visit to Egypt was ‘successful and positive,’ Al-Shorouk (page 1)

Government allocates 850 flats to those affected by flooding in Ras Ghareb, Al-Ahram (page 1)

Commodity prices drop after Armed Forces distributes food packages at reduced prices, Al-Akhbar (page 1)

Armed Forces ambush 12 militant hideouts in Sinai: 1 officer killed near Rafah border crossing, as security official says Ansar Beit al-Maqdes shifts operations to border area, Al-Watan (page 3)

Pre-emptive strikes against ‘terrorist chaos’ prior to November 11: Police arrest terrorist cell members and student coerced by Muslim Brotherhood to monitor police vehicles, Youm7 (page 1)

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