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Monday, 7 November 2016

What we’re tracking on 7 November, 2016

There are only three questions that matter this morning:

  • When will the interbank market for FX pick up?
  • When will the IMF Executive Board consider the USD 12 bn extended fund facility agreement with Egypt?
  • Are relations with Saudi so poor that Oil Minister Tarek El Molla is really in Tehran to broker an oil agreement?

We have more on all three topics in Speed Round, below.

A French parliamentary delegation began a three-day visit to Egypt yesterday. The delegation, headed by President of the Senate of France Gerard Larcher, will reportedly meet with President Abdel Fattah El Sisi, Prime Minister Sherif Ismail, House Speaker Ali Abdel Aal, and Secretary-General of the Arab League Ahmed Aboul Gheit, among others.

World Travel Market beings today in London. Tourism Minister Yehia Rashed is at the head of a 44-company Egyptian delegation to what’s arguably the world’s most important travel industry gathering.

It’s the day before election day in America, and the FBI director has decided that Hillary Clinton probably didn’t do anything wrong, after all. “FBI Director James Comey told lawmakers Sunday the agency hasn’t changed its opinion that Hillary Clinton should not face criminal charges after a review of new emails, CNN reports. Clinton continued to hold her lead at the polls over Republican challenger Donald Trump in the polls, Politico noted yesterday.

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