A shuffle of governors could be announced by the end of this week, Al Shorouk reports, adding that Prime Minister Mostafa Madbouly has given a preliminary outline of the shuffle to President Abdel Fattah El-Sisi and Local Development Minister Mahmoud Shaarawy. The shuffle could include as many as 15 of 27 governors, including Cairo, Aswan, Gharbia, Assiut, Qalyubia, Sohag, Menoufia, Beheira, Dakahlia, Qena and North Sinai.

Next tranche of IMF loan in July? The IMF’s executive board will meet on 29 June to decide on the fourth USD 2 bn tranche of Egypt’s USD 12 bn extended fund facility. The disbursement, which is expected to arrive in July, would bring the total amount Egypt has received under the facility to USD 8 bn.

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