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Monday, 24 October 2016

What we’re tracking on 24 October, 2016

Is a cabinet shuffle in the offing? Rep. Moustafa Bakry, one of the prime architects of the campaign to bring down former Supply Khaled Hanafy earlier this year, certainly thinks so, telling reporters yesterday that 10 of cabinet’s 34 ministers would exit stage left “in the coming few days.” Longtime readers know Bakry isn’t our cup of tea. He’s also reasonable well-connected — it was his tweetstorm in February 2015 that presaged the release and deportation of imprisoned Al Jazeera English journalist Peter Greste, for example. Prime Minister Sherif Ismail said late last week that there would be no shuffle any time soon. The last major cabinet shuffle was in March, and saw Amr El-Garhy tapped as finance minister and Dalia Khorshid take investment.

The Ismail government is rolling out the red carpet for large US business delegation: Four members of the Cabinet economic group will speak at on panel today, the first public event associated with the arrival in Cairo of a US business delegation to Egypt led by David Thorne, senior advisor to Secretary of State John Kerry. Set to speak: Finance Minister Amr El Garhy, Trade and Industry Minister Tarek Kabil, Investment Minister Dalia Khorshid and International Cooperation Minister Sahar Nasr. The gathering is being hosted by the US Chamber of Commerce’s US-Egypt Business Council, the Egypt-U.S. Business Council, and AmCham Egypt. Khorshid is expected to brief the business delegation representing 54 companies on the new investment to get their opinion, Al Borsa reports. We’ll have coverage tomorrow.

Tomorrow will see Oil Minister Tarek El Molla and Energy Minister Mohamed Shaker headline a breakfast panel for a talk moderated by Hisham Fahmy. That’s followed by a press conference to be attended by Thorne, the US Chamber of Commerce’s Greg Lebedev and Khush Choksy, Omar Mohanna representing the US-Egypt Business Council, and Anis Aclimandos from AmCham Egypt. The day will be capped by a lunch talk by Suez Canal Economic Zone Chairman Ahmed Darwish.

The Reuters Middle East Investment 2016 summit runs this week. The virtual summit takes the form of interviews with major figures in the business community across MENA. We have coverage of yesterday’s interviews in Speed Round, below, or you can jump straight to their landing page here.

Think we have issues to deal with? At least we’re not about to be taken over by the Pirate Party: A party of “anarchists, hackers, libertarians and Web geeks” that didn’t exist four years ago is on the verge of winning Iceland’s national elections this coming Saturday, the Washington Post tells us. Oh, and there’s the fact you have to look up potential dates in Íslendingabók, or the Book of Icelanders — “an online database that contains the full genealogy of 720,000 Icelanders, living and deceased” — to make sure you’re not cousins before saying yes, the Wall Street Journal (paywall) adds.

Season 7 of the Walking Dead kicked off overnight in the US of A. Just saying. No spoilers here.

We’ll have the results of our first-ever reader poll tomorrow morning. We’re running plenty of graphs, so look for a separate email later in the morning to enjoy over a coffee or lunch break. Winners of our mug draw will be announced in Thursday’s edition.

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