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Monday, 23 May 2016

What we’re tracking on 23 May

Is the Egyptian Army readying a wide-scale anti-Daesh offensive? The talk is all over social media this morning, but has yet to appear in the mainstream press. The only “media outlets” giving the news prominent at the moment are ideological twins Al-Bawab and Breitbart News. Breitbart quotes an unnamed “Arab intelligence official” as saying the Israelis have given a nod to the operation, while Al-Bawab has chapter and verse on what it claims will be an operation throughout most of north Sinai governorate. Breitbart says the offensive could start this week, while Al Bawab says it is set to begin “within hours.”

Sheikh Al Azhar Ahmed El-Tayeb will meet today with Pope Francis at the Vatican, Ahram Online reports.

The House of Representatives is set to vote on a USD 243 mn loan from the Arab Monetary Fund tomorrow (Tuesday, 24 May), said House Economic Committee member Amr Al Gohry. The loan, which carries a 1.2% interest rate, will be used to shore up FX reserves. The committee will discuss the CBE report today ahead of sending it to parliament for the vote.

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