Take 20 seconds and be happy you’re reading this: We all know the EGP is below 18 to the greenback, and we’re sure you’ve noticed from the subject line that the government had a tough go of it yesterday in talks with the House on the economy. But something is right in our world: We continue to dominate the world squash scene. “Egypt has become the first nation in the entire 40-year history of the iconic PSA Men’s World Championship to have six players in the quarter-final stage after Ramy Ashour, Fares Dessouky and Tarek Momen all won to bring the third round action to a close at the Wadi Degla Club in Cairo.” The news comes “just a day after Egyptian trio Mohamed ElShorbagy, Karim Abdel Gawad and Ali Farag booked their quarter-final berths,” the PSA World Tour website reports. (Read more)

Prime Minister Sherif Ismail appeared before the House yesterday, and we’re keeping a close eye on reports that his government is considering the introduction of a progressive tax regime in response to lobbying from MPs. We have more in Speed Round, below.

And, before we get off the topic of the House: Yesterday’s grilling is probably only the beginning, as the House Economics Committee has asked Finance Minister Amr El-Garhy and central bank governor Tarek Amer to testify this week.