Shoot us now, please: EGP at a new record low. The CBE kept the exchange rate unchanged at EGP 8.78 per USD 1 at its weekly FX auction, where it sold USD 118.4 mn. In the parallel market, Reuters says traders told it they were selling greenbacks at EGP 15.00, but did not provide figures on volumes. Al Borsa reports the parallel market rate at EGP 14.75, and Bloomberg has it at 14.78. Anecdotally, we have found for more than a week now that traders are more than willing to quote prices north of EGP 14.00, but that none will sell.

The EGP’s new lows came amid what many fear is a widening rift with Saudi Arabia. We have more on that last bit in today’s lead Speed Round story.

It’s decision day on 4G for the National Telecommunications Regulatory Authority which now appears to be leaning towards opening new talks with mobile network operators, who have so far boycotted the process. (more on this in the Speed Round).

Samsung has discontinued the Note 7, throwing into question the future of what had been a popular brand within its franchise. The South Korean company said in a regulatory filing that, “Taking our customer’s safety as our highest priority, we have decided to halt sales and production of the Galaxy Note 7,” according to a Wall Street Journal exclusive. Industry analysts are speculating how much of the Note 7 market Google can capture with its new line of Pixel phones against how much Apple’s iPhone 7 Plus will benefit. If you’re a diehard TouchWiz fan, Android Central is suggesting you may want to hold out for the Galaxy S8

The conference titled The Role of Factoring in Promoting SMEs will begin at the Semiramis Intercontinental Hotel, Cairo today.

Oh, and WE’RE NOT SHOUTING ANYMORE. We’re going back to using horizontal lines to break up runs of multi-paragraph stories / related stories. We’re not terribly fond of the all-caps thing.