The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 | 7,757.64 | +3.58% |
| Dow Jones | 54,036.93 | +2.96% |
| Nasdaq | 26,690.62 | +5.19% |
| FTSE 100 | 10,901.09 | +0.30% |
| DAX | 26,319.45 | +2.69% |
| CAC 40 | 8,714.93 | +1.17% |
| Nikkei 225 | 65,606.71 | +2.90% |
| Hang Seng | 25,668.03 | -0.84% |
| Index | Level | Change |
|---|---|---|
| EGX 30 | 54,676.90 | +0.03% |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.65% |
| 1-year UST | 4.01% |
| 2-year UST | 4.19% |
| 3-year UST | 4.25% |
| 5-year UST | 4.35% |
| 10-year UST | 4.65% |
| 30-year UST | 5.19% |
| Euro Area | |
| ECB deposit facility | 2.25% |
| ECB main refinancing | 2.40% |
| ECB marginal lending | 2.65% |
| €STR | 2.19% |
| Pair | Rate | Change |
|---|---|---|
| USD / EGP | 49.74 | -2.34% |
| EUR / USD | 1.1562 | +0.16% |
| GBP / USD | 1.3493 | +0.01% |
| USD / JPY | 157.75 | +0.10% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD +9.07% · $/oz | ▲ $4,399.70 |
| WTI crude -4.06% · $/bbl | ▼ $77.08 |
| Brent crude -1.79% · $/bbl | ▼ $82.27 |
(7 Aug) Equity markets rallied on reports of a potential diplomatic agreement regarding the Strait of Hormuz, despite the absence of a finalized deal. Analysts note that investors remain highly sensitive to administration signals concerning oil reserves and regional munitions stockpiles.
Read full article → CNBC(7 Aug) The domestic labor market contracted in July, missing consensus expectations for employment growth. The unexpected decline in nonfarm payrolls has introduced fresh uncertainty regarding the underlying strength of the economy.
Read full article → CNBC(7 Aug) Market expectations for central bank monetary tightening next month have diminished significantly following the weaker-than-expected employment data. A softer labor market reduces the immediate imperative for policy adjustments, particularly amid elevated energy costs.
Read full article → CNBC(7 Aug) The administration has renewed its push to remove a Federal Reserve governor over alleged misstatements on mortgage agreements. The move underscores ongoing tensions between the executive branch and the central bank regarding leadership and policy independence.
Read full article → CNBC(7 Aug) Shares of software-as-a-service companies experienced severe volatility this week as investors reassessed their exposure to artificial intelligence. Market participants are actively differentiating between firms that can leverage the technology and those facing existential disruption.
Read full article → CNBC(7 Aug) The short-term rental platform reported stronger-than-expected quarterly results, driven by operational improvements and renewed growth. The chief executive attributed the turnaround to artificial intelligence integration and announced plans to significantly increase investment in the technology.
Read full article → CNBC(7 Aug) The social media conglomerate faces mounting regulatory pressure in India, including potential revocation of its safe harbor immunity. Losing this legal protection could expose the company to significant liability for user-generated content in one of its largest markets.
Read full article → CNBC(7 Aug) Buyout firms are increasingly targeting undervalued European low-cost carriers following a major recent acquisition in the sector. Investors view the budget airline segment as ripe for consolidation and operational restructuring amid a broader travel recovery.
Read full article → CNBC(7 Aug) The controlling shareholders of the European automaker have urged management to accelerate structural reforms to counter intensifying competition from Chinese brands. The directive highlights growing anxiety within the industry regarding the speed of the electric vehicle transition and market share erosion in key regions.
Read full article → CNBC(7 Aug) Crude benchmarks advanced as traders priced in the risk of supply disruptions stemming from restrictive draft plans for a critical maritime chokepoint. The market remains highly sensitive to any developments that could further constrain global energy flows.
Read full article → CNBCEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(5 Aug) The Egyptian government will build two integrated medical cities in the New Administrative Capital and New Alamein with over $5 billion in foreign direct investment. The projects will include specialized hospitals, training centers, and medical zones to support the national health insurance system and boost medical tourism.
Read full article → Economy Plus(5 Aug) Omani-mediated talks between the United States and Iran have yielded progress regarding navigation in the Strait of Hormuz. A potential agreement could restore shipping traffic through the critical oil transit chokepoint and ease risk premiums in global energy markets.
Read full article → Economy Plus(5 Aug) Spot gold jumped 4.4% to around $4,253 an ounce, while December futures closed near $4,305. The rally was driven by falling US Treasury yields, a weaker dollar, and ongoing uncertainty surrounding global conflicts.
Read full article → Economy Plus(5 Aug) The official exchange rate for the US dollar at the Central Bank of Egypt was set at 49.75 pounds for buying and 49.89 pounds for selling. Meanwhile, 21-karat gold traded between 6,000 and 6,100 pounds per gram before manufacturing fees and dealer margins.
Read full article → Economy Plus(5 Aug) Foreign reserves rose for the 47th consecutive month, increasing by $1.22 billion to reach $56.29 billion at the end of July. The growth was supported by a rise in foreign currency assets to $38.7 billion and an increase in gold reserves to $17.14 billion.
Read full article → Economy Plus(6 Aug) The Central Bank of Egypt will offer 50 billion pounds in 182-day bills maturing in February 2027 and 70 billion pounds in 364-day bills maturing in August 2027. The auction is scheduled for Thursday with a final bid submission deadline at 11:00 a.m.
Read full article → Economy Plus(5 Aug) The Central Bank of Egypt established a committee comprising various ministries and regulatory bodies to draft a sustainable finance taxonomy. The framework aims to provide standardized data on sustainable economic activities to attract green investment and align with international practices.
Read full article → Economy Plus(5 Aug) The Ministry of Industry is working with the Ministry of Finance to introduce a new program offering incentives for citizens to replace old cars with newer, more efficient models. The initiative aims to boost demand for locally manufactured vehicles and increase the supply of scrap metal for the domestic steel industry.
Read full article → Economy Plus(5 Aug) Prime Minister Mostafa Madbouly reviewed a proposed law for the Egyptian Real Estate Developers Federation to establish a legislative framework for the property market. The draft aims to balance investment stimulation with the protection of state, developer, and consumer rights.
Read full article → Economy Plus(5 Aug) Industry Minister Khaled Hisham issued a decision canceling the previous requirement that industrial land must be operational for three years before it can be sold or transferred. The amendment also removes the one-year operational requirement for leasing industrial land, aiming to accelerate investment turnover.
Read full article → Economy Plus(5 Aug) Ezz Elarab Al-Sweidi Investments signed a strategic partnership with Chery Group's Omoda and Jaecoo brands to manufacture their vehicle models in Egypt. The 5 billion pound investment will fund infrastructure development and the establishment of high-capacity production facilities.
Read full article → Economy Plus(5 Aug) Egypt received only about 200,000 tonnes of Ukrainian wheat and 400,000 tonnes of Russian wheat in June and July combined, well below normal monthly volumes. The decline reflects increased shipping costs and supply chain disruptions caused by escalating attacks in the Black Sea region.
Read full article → Economy Plus(5 Aug) Sales of whole grain and bran bread products at Rich Peak surged threefold in recent months due to shifting consumer preferences toward healthier options. The company noted that demand for these products grew at the expense of other varieties, while overall toast sales have risen over the past three years.
Read full article → Economy Plus(5 Aug) Sun Rise Resorts and Hotels plans to secure 8 billion pounds in loans from the National Bank of Egypt and Commercial International Bank. The funding will be used to develop four existing hotels in Marsa Alam and Cairo, alongside opening five new properties this year.
Read full article → Economy Plus(5 Aug) EgyptAir restarted direct flights between Cairo and Port Sudan on August 5, operating five flights per week. The carrier is offering discounts of up to 50% on tickets for the inaugural flights to the Sudanese city.
Read full article → Economy Plus(5 Aug) Egyptian and Iraqi officials discussed a project to extend an oil pipeline from Iraq to the Jordanian port of Aqaba and onward to the Red Sea. The talks, held on the sidelines of an Arab ministerial meeting in Amman, also covered cooperation in the electricity sector.
Read full article → Economy Plus(5 Aug) The Soma Bay resort expects to receive 2 million visitors in 2026 as it continues developing its 10 million square meter area. The expansion includes 142 million dollars in hotel investments to add up to five new properties and reach 3,000 rooms within three years, alongside plans for 7,500 residential units.
Read full article → Economy Plus(5 Aug) The EGX30 index rose 0.29% to close at 54,659 points, supported by local buying, while the EGX70 and EGX100 indices posted mixed movements. The US dollar declined 48 piastres in bank trading to settle at 49.74 pounds for buying and 49.88 pounds for selling.
Read full article → Economy Plus(5 Aug) The Tourism Development Authority signed a cooperation protocol with the Future of Egypt Device for Sustainable Development to maximize the utilization of state-owned assets. The agreement tasks the authority with providing technical and consulting support for master plans and project studies.
Read full article → Economy Plus(5 Aug) Al-Oula Mortgage Finance Company has entered serious negotiations with the New Urban Communities Authority to purchase a portfolio of commercial, administrative, and residential units. The value of the targeted portfolio is estimated at around 2 billion pounds.
Read full article → Economy Plus(5 Aug) Medicines will continue to display their prices on packaging alongside a new QR code tracking system that provides production dates, expiry dates, and pricing data. The system aims to curb smuggling, combat monopolies, and improve the monitoring of drug distribution in the market.
Read full article → Economy Plus(5 Aug) The Micro, Small and Medium Enterprise Development Authority is planning to establish a dedicated entity for financial activities as part of a broader operational restructuring. The initiative aims to transform the authority into a primary enabler for growth, exports, and entrepreneurship.
Read full article → Economy Plus(5 Aug) Juhaina Food Industries reported a 76.8% year-on-year increase in first-half net profit to 1.3 billion pounds, up from 780.8 million pounds a year earlier. Consolidated net sales for the period grew 25% to 17.6 billion pounds, driven by strong demand across its product lines.
Read full article → Economy Plus(5 Aug) The Saudi National Housing Company aims to more than double its residential portfolio to over 400 billion riyals by 2030, up from roughly 200 billion riyals currently. The company also plans to double its residential units to 600,000 by the end of the decade, betting on sustained demand in major cities.
Read full article → Economy Plus(5 Aug) Abu Dhabi-based International Holding Company reported second-quarter net profit of $3.5 billion, more than tripling from $1.06 billion a year earlier. Revenues rose 36% to $9 billion, while total assets grew 10% to $126.8 billion.
Read full article → Economy Plus(5 Aug) The Algerian state grain buyer purchased around 720,000 tonnes of milling wheat in an international tender closed on Wednesday. Initial prices for the purchases were estimated at $289 to $290 per ton cost and freight.
Read full article → Economy Plus