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Sunday, 20 August 2017

What we’re tracking on 20 August 2017

President Abdel Fattah El Sisi is scheduled to meet with his Somali counterpart, Mohamed Abdullahi Farmajo, in Cairo today, Youm7 reports. On the agenda are regional issues, led by cooperation on counter-terrorism.

CBE to receive FEB’s notes on Central Bank and Banking Act today? The Federation of Egyptian Banks should be sending its notes on the Central Bank and Banking Act to the central bank today, a source close to the matter tells Daily News Egypt. The memo will reportedly outline the thoughts of multiple bank leaders. We previously noted that there were unconfirmed reports of progress on controversial items in the bill, including term limits for managing directors, CBE representation on bank boards and a proposal that banks kick in 5% of their bottom line for an industry development fund. A draft of the proposed amendments first surfaced last month.

Eid Al Adha is but 11 mornings away (not including this morning), running Thursday, 31 August through Monday, 4 September. Count on being back at your desk on Tuesday, 5 September. We are (uncharacteristically) loving the heat with which our fair city has been blessed, probably because the humidity has been so low and the mercury has plunged each day after 3:30 or 4pm. And we still hold that Cairo is never better than during the Eid. But if you want to get away: Eight Spots for When You Need to Get Away for a Weekend from Bloomberg includes three places we’ve enjoyed very much over the years, so we credit it for having taste.

Oh, and it’s just a few short weeks until the expected unveiling of the next iPhone and the launch of iOS 11, with the latter promising to turn your iPad into a productivity machine by addressing the lingering restrictions about which business types have complained for years. Apple released this weekend six minute-long videos outlining how to use some of iOS 11’s cooler iPad features. MacStories has links to all six here.

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