An EBRD report due out today will give Egypt a lower policymaking score this year than it did last year, according to Reuters, which claims EBRD will put Egypt in the same basket as Jordan, Latvia and Estonia. The EBRD’s annual “transition” report “scores the progress of countries in six areas from competitiveness and resilience to the way they are governed.” This year’s report is due out at around 6pm CLT. The Work in Transition section is now online (pdf), and the full 2017 edition is online here.

You may want to brace yourself for a some volatility today if you’re trading as negative sentiment in the United States and Asia looks set to spill over into regional and European markets. Wall Street shares skidded yesterday after fears we may have reached Peak iPhone set up a selloff in tech shares that began with Apple. Concerns at GE (which may need to sell off assets) and Goldman Sachs (which is being roiled by its apparent role in the 1MDB scandal in Malaysia) also hurt the market, and the edginess spilled over to Asia this morning. The FT and Bloomberg are essential reading on the state of play.

Oil is sliding downward again and the USD is at a 16-month high, Reuters notes. Brent has now slid below USD 70 and The Donald is adding to the volatility by putting pressure on OPEC not to raise prices through production cuts. In the US, oil is now in its longest losing streak on record, the WSJ reports, though “on record” is a relative thing — apparently New York Mercantile Exchange data on US light, sweet crude prices goes back only to 1983.

Our friends at AmCham have invited ten US-based social media influencers and bloggers to tour Cairo, Luxor and El Gouna for seven days until Sunday, according to a press release (pdf). The visit is part of an annual activity organized by AmCham’s Travel and Tourism Committee, alongside the Tourism Ministry, to promote tourism here.

(Speaking of influencers, you know what’s apparently a thing now? “Nanoinfluencers.” As in “1k followers” nano.)

The Middle East Solar Industry Association’s two-day Solar Energy Trade Mission wraps up today at the Marriott in Zamalek.

Online banking customers are a third more profitable than traditional bank-based clients, according to the CEO of Singapore’s DBS, that nation’s largest bank. That’s one of the best takeaways from the latest installment in the FT’s ongoing “Transform” report. Read: Five ways banks are responding to the fintech threat.

If you’re a banker, you will also want to read a handful of other stories in the package:

• Online lending: US fintechs gain from behaving more like banks
• Banks race to make money on trade finance platforms