The EU-Arab League summit wraps up today in Sharm El Sheikh. President Abdel Fattah El Sisi’s meetings at the summit, which opened yesterday, have focused heavily on migration and security cooperation. Look for a final communiqué some time today. The summit is dominating the conversation on Egypt in both the local and international press, and we have a wrap on day one in this morning’s Speed Round, below.

Brexit loomed large at the gathering, with UK Prime Minister Theresa May taking the opportunity to announce a parliamentary vote by 12 March. The European Union could tell her she’s stuck in the European Union until 2021 if she can’t get her pact through parliament and wants to delay the departure date, Bloomberg reports.

News of the summit dominates the press here at home, pushing business news to the back burner yesterday.

Cabinet members are on an investment roadshow in South Korea. Finance Minister Mohamed Maait, Investment Minister Sahar Nasr and Suez Canal Authority boss Mohab Mamish are in South Korea today meeting with executives from leading companies and financial institutions to drum up investment, according to an Investment Ministry statement (pdf). Egyptian exports to South Korea rose more than 300% in the first 11 months of 2018 compared to the same period a year ago, according to figures from state statistics agency CAPMAS reported by the local press. Exports topped USD 198.5 mn last year, up from USD 47.3 mn in 2017, while imports from S. Korea dropped to USD 1.6 bn in 2018 from USD 1.9 bn the year before.

In business miscellany this morning:

• US-China trade talks deadline pushed: The Donald has reportedly agreed to extend the 1 March deadline for a US-China trade agreement, citing progress in talks. The WSJ and Reuters have more.
• Will Brent crude break USD 70 a barrel this week after hitting USD 67 on Friday? It’s up nearly 30% since the start of the year.
• Fund of hedge funds: Aberdeen has raised more than USD 150 mn for a fund that will track an index of 140 Europe-based hedge funds. (FT)
• BlackRock is not having the best of luck as it tries to ape Warren Buffett and push into some approximation of private equity. (WSJ)

‘Simplifying’ is the rage at a certain salmon-colored paper, with Moira O’Neill writing about How to ‘Marie Kondo’ your investment portfolio while serial entrepreneur John Murphy (the guy behind Interbrand) writes about How I simplified my life by selling (nearly) everything I own. Are you late to the Marie Kondo craze? Or, like us, just unable to muster the enthusiasm? At least check out Netflix’s trailer to know what everyone else is talking about.

The 91st Oscars (otherwise known as the Raspberries of semi-decent, politically correct films) are taking place without a host for the first time in 30 years. By dispatch time, the best picture winner had yet to be announced, but among the favorites nominated are BlacKkKlansman, Roma, Green Book and Bohemian Rhapsody. Notable winners so far include:

• Best supporting actress: Regina King (If Beale Street Could Talk)
• Best supporting actor: Mahershala Ali (Green Book)
• Production design: Hannah Beachler (Black Panther)
• Sound mixing and sound editing: Bohemian Rhapsody, starring Egyptian-American Rami Malek
• Best foreign film: Roma

Head over to the New York Times for live updates.

In miscellany this morning:

Foldable smartphones are upon us. Samsung unveiled its USD 1,980 Infinity Fold, which goes on sale in April, at the end of last week, but Huawei’s USD 2,600 Mate X is getting more attention for being thinner, having a bigger screen and folding flatter. The Verge has your back if you want more, and the WSJ also has a deep dive.

Want to go more mainstream? Android Central has a rundown on its first 72 hours with Samsung’s new Galaxy S10+. Or somewhere in the middle? LG has rolled out a 5G smartphone with two independent screens.

With our annual trek to Dubai ahead of us, we look forward to an Enterprise tradition: The taste test of Five Guys downstairs, followed by Shake Shack upstairs — back to back. What better way to prime the palate than with the Los Angeles Times’ generally spot-on Official fast-food French fry power rankings. H/t Daring Fireball.

Spain, Italy and Iceland are the world’s healthiest countries, according to data crunched by Bloomberg for its 2019 Healthiest Country Index. Israel is ranked #10, the United States #35, while Bahrain is the highest-ranked Arab country at #36, followed closely by Qatar at 37 and then the UAE at 46. Egypt doesn’t make the top 60.

PSA- It’s short-sleeves weather today in the capital city with the mercury set to peak at about 29°C this afternoon, according to our favourite weather app. Look for temps to cool to 22°C tomorrow and 17°C by Thursday.