Daily Market Brief

Egypt & Global Markets · Research Desk
Sunday, 9 August 2026 · Hedge Research Desk
The Read
Global equities and commodities posted broad gains led by a sharp rally in US technology stocks, while the Egyptian pound strengthened against the dollar and the local benchmark index closed largely unchanged.
Strategy · Execution · Growth
S&P 5007,757.64+3.58%Dow Jones54,036.93+2.96%Nasdaq26,690.62+5.19%FTSE 10010,901.09+0.30%DAX26,319.45+2.69%CAC 408,714.93+1.17%Gold$4,399.70Brent$83.55USD/EGP49.74-2.34%EUR/USD1.1562+0.16%Fed3.50–3.75%S&P 5007,757.64+3.58%Dow Jones54,036.93+2.96%Nasdaq26,690.62+5.19%FTSE 10010,901.09+0.30%DAX26,319.45+2.69%CAC 408,714.93+1.17%Gold$4,399.70Brent$83.55USD/EGP49.74-2.34%EUR/USD1.1562+0.16%Fed3.50–3.75%
EGX 30
54,676.90
+0.03%
S&P 500
7,757.64
+3.58%
Gold
$4,399.70
USD / EGP
49.74
-2.34%
Brent
$83.55
01

5-Year Trend

The structural picture behind today’s tape — pick an indicator to see its five-year path.

USD / EGP · EGP
49.74
▲ +217% over 5y
12.5123.7635.0246.2757.52 2021-08-312021-09-302021-11-012021-12-012022-01-012022-02-012022-03-012022-03-312022-04-302022-05-312022-06-302022-07-312022-08-312022-09-302022-11-012022-12-012023-01-012023-02-012023-03-012023-03-312023-04-302023-05-312023-06-302023-07-312023-08-312023-09-302023-11-012023-12-012024-01-012024-02-012024-03-012024-03-312024-04-302024-05-312024-06-302024-07-312024-08-312024-09-302024-11-012024-12-012025-01-012025-02-012025-03-012025-03-312025-04-302025-05-312025-06-302025-07-312025-08-312025-09-302025-11-012025-12-012026-01-012026-02-012026-03-012026-03-312026-04-302026-05-312026-06-302026-07-312026-08-07 USD / EGP
S&P 500 · index
7,758
▲ +80% over 5y
3,2524,4625,6726,8828,091 2021-09-012021-10-012021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-05-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-01-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-10-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-09-012024-10-012024-11-012024-12-012025-01-012025-02-012025-03-012025-04-012025-05-012025-06-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-02-012026-03-012026-04-012026-05-012026-06-012026-07-012026-08-012026-08-07 S&P 500
Gold · XAU/USD · $/oz
4,400
▲ +151% over 5y
1,3902,2823,1754,0684,960 2021-09-012021-10-012021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-10-012024-11-012025-01-012025-02-012025-03-012025-04-012025-05-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-04-012026-05-012026-06-012026-07-012026-08-012026-08-07 Gold · XAU/USD
02

Equities

Global Indiceslevels · latest change
IndexLevelChange
S&P 5007,757.64+3.58%
Dow Jones54,036.93+2.96%
Nasdaq26,690.62+5.19%
FTSE 10010,901.09+0.30%
DAX26,319.45+2.69%
CAC 408,714.93+1.17%
Nikkei 22565,606.71+2.90%
Hang Seng25,668.03-0.84%
Egypt & RegionEGX
IndexLevelChange
EGX 3054,676.90+0.03%
03

Rates & Central Banks

US · Federal Reserve
3.50–3.75%
Fed funds target — on hold.
Euro Area · ECB
2.25%
ECB deposit facility.
Global Benchmark Rateslatest levels
RateLevel
United States
Fed funds target on hold3.50–3.75%
SOFR (overnight)3.65%
1-year UST4.01%
2-year UST4.19%
3-year UST4.25%
5-year UST4.35%
10-year UST4.65%
30-year UST5.19%
Euro Area
ECB deposit facility2.25%
ECB main refinancing2.40%
ECB marginal lending2.65%
€STR2.19%
04

Currencies & Commodities

Currencieslatest
PairRateChange
USD / EGP49.74-2.34%
EUR / USD1.1562+0.16%
GBP / USD1.3492+0.00%
USD / JPY157.75+0.10%
Commoditieslatest
CommodityPrice
Gold · XAU/USD +7.43% · $/oz▲ $4,399.70
WTI crude +3.18% · $/bbl▲ $78.18
Brent crude +5.28% · $/bbl▲ $83.55
05

Global Economy

Geopolitics · Energy

Iran sets conditions for opening Strait of Hormuz after UAE says one of its ships was targeted by airstrike

(8 Aug) Iran's military stated that the Strait of Hormuz will remain restricted until the United States accepts its conditions for reopening the waterway. The escalation follows reports that a United Arab Emirates vessel was targeted by an airstrike, heightening tensions in a crucial global shipping route.

Read full article → CNBC
US · Equities

Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard

(8 Aug) Berkshire Hathaway reported higher second-quarter earnings, with strength in its energy, railroad and manufacturing units offsetting weaker insurance results. Chief Executive Greg Abel has also begun deploying the conglomerate's substantial cash reserves.

Read full article → CNBC
Tech · Cybersecurity

Hugging Face hack marks start of dangerous AI cyber era and many firms 'don't even know it'

(8 Aug) A security breach at Hugging Face highlights growing vulnerabilities in artificial intelligence infrastructure as cybersecurity experts gather in Las Vegas. Industry leaders warn that the rise of AI agent hacks poses a significant, often unrecognized threat to corporate networks.

Read full article → CNBC
Markets · Asset Management

Next big push in ETF industry? Why these risk assets are gaining traction as interest rate uncertainty persists

(8 Aug) Collateralized loan obligations are emerging as a focal point for the exchange-traded fund industry amid ongoing uncertainty surrounding interest rates. Asset managers are increasingly packaging these risk assets into ETFs to meet investor demand for alternative yield.

Read full article → CNBC
06

Egypt Focus

Egypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.

Headline inflation
14.3%
-0.4% m/m
Unemployment rate
5.8%
-0.2pp q/q
Budget deficit
5.3% of GDP
-1.2pp y/y
Egypt · Infrastructure

Five consortia express interest in Cairo Airport Terminal 4 project

(9 Aug) Five Egyptian and international construction consortia have expressed interest in building the fourth terminal at Cairo International Airport, which will increase the airport's capacity to 70 million passengers annually. The project, expected to cost between $3.5 billion and $5 billion, will be self-financed by the state and designed by Dar Al-Handasah.

Read full article → Economy Plus
Middle East · Tourism

WTTC forecasts Middle East tourism contraction in 2026 before long-term recovery

(9 Aug) The World Travel and Tourism Council expects the Middle East's travel and tourism contribution to shrink 14.5% in 2026 to $330 billion due to geopolitical tensions. The sector is projected to recover and grow at an annual rate of 6.3% between 2026 and 2036, led by Saudi Arabia.

Read full article → Economy Plus
Egypt · Fiscal

Egypt's fiscal deficit narrows as primary surplus jumps 70%

(9 Aug) Egypt's nominal total fiscal deficit fell by about EGP 51 billion from July 2025 to the end of May 2026, bringing the deficit-to-GDP ratio down by 1.2% to 5.3%. The primary surplus grew 70% year-on-year to EGP 985.1 billion, equivalent to 4.6% of GDP, driven by a 27.5% increase in tax revenues to EGP 2.488 trillion.

Read full article → Economy Plus
Egypt · Macro

Annual inflation expected to accelerate in July on base effect

(9 Aug) Analysts and the central bank expect Egypt's annual inflation to accelerate in July after three consecutive months of decline, driven by base effects, before resuming its downward trend. Urban headline inflation slowed to 14.3% in June from 14.6% in May, while a Reuters poll forecasts July inflation to rise to 15.6%.

Read full article → Economy Plus
Egypt · Labor

Egypt's unemployment rate falls to 5.8% in second quarter

(9 Aug) Egypt's unemployment rate decreased to 5.8% in the second quarter of 2026, down from about 6% in the first quarter, according to Planning Minister Ahmed Rostom. Male unemployment fell to 3.4% from 3.6%, while female unemployment rose slightly to 14.4% from 14.3%.

Read full article → Economy Plus
Egypt · Regulation

FRA amends foreign currency financing rules for factoring and leasing

(9 Aug) Egypt's Financial Regulatory Authority has amended the rules for non-bank foreign currency financing to address practical issues in the factoring and financial leasing sectors. The updates add a new case for foreign currency financing through sale and leaseback operations to fund imports, purchase assets, or settle foreign currency liabilities.

Read full article → Economy Plus
Egypt · Energy

Egypt contracts to import 11.5 million barrels of crude oil

(9 Aug) Egypt's Petroleum Ministry has contracted to import about 11.5 million barrels of crude oil in August and September 2026, a 15% increase from the same period last year. The shipments, valued at approximately $920 million, aim to secure local refinery needs and ensure fuel supply stability during the summer peak.

Read full article → Economy Plus
Egypt · Energy

South Valley Petroleum to award seven new exploration blocks

(9 Aug) The Egyptian General Petroleum Corporation is preparing to award seven new concession areas for oil and gas exploration in Upper Egypt and the Red Sea. The blocks, which will be allocated to companies including Meditera, the General Petroleum Company, and BP, require estimated investments of between $60 million and $70 million.

Read full article → Economy Plus
Egypt · Industry

Do & More to invest $20 million in new bakery factory

(9 Aug) Egyptian food manufacturer Do & More, owner of the Breadway brand, plans to invest about $20 million to build a new bakery factory in 6th of October City. The 5,000-square-meter facility will have a daily capacity of 60 tons, raising the company's total production capacity by 122% to 100 tons per day.

Read full article → Economy Plus
Egypt · Markets

GSK Egypt shares surge 421% sparking bubble warnings

(9 Aug) The shares of GlaxoSmithKline Egypt have surged 421%, prompting market warnings of a price bubble as the market cap reaches levels analysts say disconnect from the company's financial fundamentals. The Egyptian Exchange has halted trading on the stock multiple times due to extreme volatility, while the company stated there are no unannounced material events justifying the rally.

Read full article → Economy Plus
Egypt · Tourism

Tourism Holding Company plans $1 billion in investments through 2030

(9 Aug) The Tourism and Hotels Holding Company plans to inject nearly $1 billion in investments between 2026 and 2030 to add 1,700 new hotel rooms and attract new global brands. The strategy also includes revamping historical assets such as the Shepheard's, Continental, and Nile Ritz-Carlton hotels.

Read full article → Economy Plus
Egypt · Insurance

FRA extends compliance deadline for private insurance funds

(9 Aug) Egypt's Financial Regulatory Authority has extended the deadline for private insurance funds to comply with the Unified Insurance Law to December 31, 2026. The deadline for other entities subject to the law remains unchanged at July 11, 2027.

Read full article → Economy Plus
Egypt · Insurance

Insurance companies pay EGP 23.2 billion in claims in early 2026

(9 Aug) Egyptian insurance companies paid out EGP 23.239 billion in claims during the first five months of 2026, a 3.7% decline from EGP 24.138 billion in the same period of 2025. Commercial insurance payouts fell 5.3% to EGP 20.433 billion, while Takaful insurance claims rose 9.9% to EGP 2.806 billion.

Read full article → Economy Plus
Egypt · Markets

EGX30 rises for third consecutive session

(6 Aug) The Egyptian Exchange's main EGX30 index closed up 0.03% at 54676.86 points on Thursday, marking its third consecutive gain. The broader EGX70 index rose 1.14% to 19990.69 points, securing its sixth consecutive weekly advance and its largest weekly gain in over a year.

Read full article → Economy Plus
Egypt · Debt

CBE to auction EGP 16.5 billion in treasury bonds

(9 Aug) The Central Bank of Egypt will auction EGP 16.5 billion in treasury bonds on behalf of the Finance Ministry in two separate tenders. The offering includes EGP 1.5 billion in two-year bonds with a coupon rate of 22.691% and EGP 15 billion in three-year bonds with a coupon rate of 23.091%.

Read full article → Economy Plus
Egypt · Trade

Egypt's exports to BRICS nations surge 45.7%

(9 Aug) Egypt's exports to BRICS countries rose by about 45.7% year-on-year last year to exceed $13.7 billion, reaching $13.772 billion. Imports from the bloc also grew 11.6% to $39.679 billion, up from $35.549 billion in 2024.

Read full article → Economy Plus
Egypt · Investment

Egypt targets Brazilian investments in renewables and industry

(9 Aug) Egypt is seeking to attract Brazilian investments in renewable energy, biofuels, agricultural equipment, and pharmaceuticals as part of a broader plan to build an integrated industrial partnership. Industry Minister Khaled Hisham outlined the targeted sectors, which also include sustainable aviation fuel, medical devices, and auto components.

Read full article → Economy Plus
Egypt · Real Estate

Housing Ministry offers 99 investment opportunities to local firms

(9 Aug) Egypt's Housing Ministry has offered 99 investment opportunities in Egyptian pounds to local companies through the New Urban Communities Authority portal until August 15. The authority also received 204 requests from foreign companies via the foreign investment portal during August 2026.

Read full article → Economy Plus
Egypt · Health

Ambulance Authority rehabilitates 500 vehicles, saving EGP 3 billion

(9 Aug) The Egyptian Ambulance Authority has successfully rehabilitated and returned about 500 ambulances to service after comprehensive maintenance, saving more than EGP 3 billion for the state treasury. The project, executed with the Armed Forces, targets the authority's total fleet of approximately 3,250 vehicles.

Read full article → Economy Plus
Saudi Arabia · Fiscal

Saudi Arabia approves new state revenues system

(9 Aug) Saudi Arabia has approved a new state revenues system that provides a comprehensive framework for developing and collecting government revenues and managing state debts. The system grants government entities incentives for increasing their collected revenues and covers fees, taxes, fines, and returns from natural resources and investments.

Read full article → Economy Plus
Kuwait · Rating

Fitch affirms Kuwait at AA- with stable outlook

(9 Aug) Fitch Ratings has affirmed Kuwait's long-term issuer default rating at AA- with a stable outlook, citing its strong financial and external balance sheets. The agency noted that while Kuwait's reliance on the Strait of Hormuz for oil exports remains a key vulnerability, the risks to its creditworthiness remain manageable due to its large sovereign financial reserves.

Read full article → Economy Plus
Libya · Energy

Drone strike causes leak at Libya's Zawiya oil refinery

(9 Aug) A drone struck an unprocessed naphtha tank at the Zawiya oil refinery in Libya early Saturday, causing a leak that workers managed to control. The Zawiya Oil Refining Company confirmed that no fires or injuries occurred at the site.

Read full article → Economy Plus
Iran · Geopolitics

Iran studies bill to ban hostile ships from Strait of Hormuz

(9 Aug) An Iranian parliamentary committee is reviewing a preliminary bill to ban US, Israeli, and other hostile vessels from transiting the Strait of Hormuz. The proposed legislation includes fines of up to 20% of a ship's cargo value for violating the restrictions, according to the semi-official Fars news agency.

Read full article → Economy Plus