Breaking news at dispatch time: Mohamed bin Salman has been named crown prince of Saudi Arabia, according to an official Saudi Press Agencyrelease picked up by Reuters. There’s no word as we hit “send” as to what has become of former crown prince Mohamed bin Nayef.

EAEF chairman Jim Harmon is testifying today before the House Committee on Foreign Affairs’ subcommittee on the Middle East and North Africa. Harmon will tell the committee that the Egyptian American Enterprise Fund (EAEF) has, in its first four years of operations, so far “invested USD 98 mn in Egypt and attracted an additional USD 110 mn in foreign investments.” He will also explain that the fund is “a model for sustainable economic development at little, if any, cost to the U.S. taxpayer.” Harmon’s remarks will name-check investments in bill payments platform Fawry as well as the good people at Sarwa Capital, Tanmiya Capital Ventures (TCV) and Algebra Ventures and our friend Amal Enan, executive director of EAEF. You can read an advance copy of Harmon’s remarks here (pdf)or watch the testimony live when the hearing gets underway today at 10am EST (that’s 4pm CLT).

EFSA is looking to lift restrictions on GDR trading. Egyptian Financial Supervisory Authority head Sherif Samy confirmed yesterday that restrictions on trading in global deposit receipts are being reconsidered, something EGX Chairman Mohamed Omran had said would happen after the CBE lifted restrictions on USD transfers last week. The new rules could do away with restrictions from 2012 and 2015, which include requirements that the proceeds from the sale of GDRs converted from EGX-listed shares be deposited in a CBE-approved bank and can only be withdrawn in the currency in which the original EGX shares were purchased.

Is Rex going to send us to the naughty mat? US “Secretary of State Rex Tillerson’s spokeswoman signaled his patience is wearing thin as a dispute between a Saudi Arabia-led coalition and Qatar drags into a third week, saying the U.S. is ‘mystified’ that the group hasn’t done more to show how the country can end its isolation,” Bloomberg reports.

And speaking of Bloomberg: The business information service is out to save us fromsoggy grilled cheese sandwiches on late-night room service menus around the world, profiling hotels in Bangkok, Paris, Dubai, New York, London and Las Vegas that it says has the best late-night, in-room eats. You can check out their recommendations here and take ‘em seriously: We can’t recall being happier in recent weeks than when our niece told us she had used our pickup of Bloomberg’s tips on the best steaks in the world to find a great place to eat in Tokyo.

MSCI announced the results of its 2017 classification review yesterday. Saudi Arabia is the clear winner, making the list for an upgrade, while Argentina will have to wait another year and Nigeria got a stay of execution. China ‘A’ shares got the nod for an upgrade now. We have full coverage in Speed Round, below.

Brexit talks began yesterday, and are off to a rocky start, according to the Wall Street Journal. Friction apparently arose after European Union negotiators pushed for the UK to make good on pledges it made prior to Brexit. The EU’s preferred timetable for the talks was reportedly adopted without much debate.

We’re heading into a five-day weekend here in Egypt in observance of Eid Al-Fitr. Banks and the stock market will be closed Sunday through Tuesday, and Enterprise will be taking the full week off to catch up on sleep. We’ll be back to at our customary 6:10am (or so) on Sunday, 2 July.

Need an alternative to Ramadan soaps before the Eid break? Video on demand service Starz Play has reportedly been gaining traction since it launched in the Middle East in 2015, Yasmine Saleh writes for Zawya. The company, which claims to offer the lowest subscription fee in the region, is reportedly eyeing expansion in Egypt. Current offerings on the platform include Friends, Fargo, Twin Peaks, How I Met Your Mother, six seasons of the Walking Dead and both seasons of the amazing Bns, in addition to a host of Ramadan serials. (Parents: They also have Disney movies.) Interestingly enough, you can sign up to be billed to your Vodafone Egypt account if you prefer not to use bank-issued plastic. The service runs EGP 50 a month in Omm El Donia and includes a 30 day trial without charge. We’re not sure it can entice us away from the excellent original content on Netflix, but we’re going to take it for a spin.

So, when do we eat? Maghrib prayers are at 7:00pm CLT in Cairo, and the cutoff time for sohour is 3:08am