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Sunday, 6 November 2016

What we’re tracking on 6 November, 2016

Now, with the two CEOs’ point that the state’s fuel subsidy bill has actually risen still in mind, we need to remind ourselves: It’s 6 November. Has there been any sign of November cargoes from Saudi Aramco?

Also on our radar this morning: Tourism Minister Yehia Rashed leaves Cairo today to attend the World Travel Market in London, heading an Egyptian delegation of over 44 Egyptian tourism companies and hotels, which runs tomorrow through Wednesday, Al Shorouk notes. WTM is arguably the most important trade fair in the tourism industry, and we need tourism back like never before. Egypt effectively just became a “half-price” destination for global tourists, which should go a long way toward removing concerns about security — if we can convince certain governments to resume direct flights.

The Suez Canal Authority is expecting a decision this week from the three major shipping lines, Maersk, MCS, and CMA, on paying fees in advance in exchange for discounts, Reuters reports.

Oh, and it’s election week in America. Voters head to the polls on Tuesday. Politico seems to get it right this morning: To win, Trump will have to do a heck of a lot right in the next few days. And to lose, Hillary will have to do a lot wrong. Trump has “three narrow paths” that could lead him to victory on Tuesday. The Republican candidate was briefly whisked off-stage by Secret Service agents a few hours back at a rally in Nevada before returning to finish his remarks.

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