The story of the morning: What does Thursday’s surprise interest rate cut really mean? We have lots on this front in today’s Speed Round, below.

The judiciary is going to play an outsized role in business sentiment this week. The Cairo Economic Court is due to deliver on Tuesday a decision on an appeal by pharma distributors of an antitrust fine. The Supreme Administrative Court, meanwhile, will rule on an appeal by Uber and its competitor Careem against a lower court ruling ordering the suspension of their operations on Saturday.

Our Coffee With… feature is back this morning with Egyptian Exchange chief Mohamed Farid sitting down for a cup of joe. The interview starts after this morning’s Speed Round, or you can jump straight to the web and read it in full there — it has something for market newbies and finance nerds alike.

Don’t lose the plot: We’re barreling toward the peak of 4Q/FY2018 earnings season.

Good news: The Russians are coming. Suez Canal Authority boss Mohab Mamish is in Moscow today to move forward an agreement on a USD 7 bn Russian Industrial Zone, according to a statement.

Bad news: So are the locusts. Locusts have landed in Egypt on the southern Red Sea coast (see map, below), the UN Food and Agriculture Organization (FAO) has warned, according to Reuters. Rains in Sudan and Eritrea have led to a “substantial increase” in the locust population, and locust control efforts are underway in Egypt, Eritrea, Saudi Arabia and Sudan, the FAO said. You can track the advance of the bugs here

Egypt could put two teams on the court as the NBA comes to Africa, the Associated Press reports. The Basketball Africa League, a collaboration between the NBA and FIBA, basketball’s global governing body, could see 12 teams playing in January 2020. Former US President Barack Obama will be somehow involved with the league, which will see countries including Angola, Egypt, Kenya, Morocco, Nigeria, Rwanda, Senegal, South Africa and Tunisia putting together teams.

What global investors are watching for this week: Wall Street earnings (is an “earnings recession” in the works?), US unemployment claims, developments in emerging markets (we’re hot again after the Fed signaled it was pulling back from rate hikes), a snap election in Spain, and the impact of disappointing PMI figures in Europe on sentiment. Reuters has more.

In global miscellany worth knowing about this morning:

• The global press is not happy with the US-sponsored Middle East conference in Warsaw. Among the terms used to describe it in western media: shambolic, diplomatic fumble, and dumpster fire.
• The Donald declared a national emergency on Friday to fund his controversial border wall with Mexico. The story is getting plenty of play (NYT | WSJ | FT).

This is why people hate us (capitalists): Goldman Sachs argues in a research report that curing patients with one-shot gene therapies could be bad for business in the long term by cannibalizing recurring revenues of pharmaplayers, CNBC reports.

But we still love us a hedgie: A new poster and teaser (watch, runtime: 0:49) for season four of Bns is out. Enjoy