Daily Market Brief

Egypt & Global Markets · Research Desk
Monday, 10 August 2026 · Hedge Research Desk
The Read
Equities and commodities rallied sharply across global markets while the US dollar softened against major currencies and the Egyptian pound.
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$4,394.30Brent$84.43USD/EGP49.81-0.57%EUR/USD1.1554+0.41%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$4,394.30Brent$84.43USD/EGP49.81-0.57%EUR/USD1.1554+0.41%Fed3.50–3.75%
EGX 30
55,125.40
+0.85%
S&P 500
7,757.64
+3.58%
Gold
$4,394.30
USD / EGP
49.81
-0.57%
Brent
$84.43
01

5-Year Trend

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

USD / EGP · EGP
49.81
▲ +218% over 5y
12.5123.7635.0246.2757.52 2021-08-312021-09-302021-11-012021-12-012022-01-012022-02-012022-03-012022-03-312022-04-302022-05-312022-06-302022-07-312022-08-312022-09-302022-11-012022-12-012023-01-012023-02-012023-03-012023-03-312023-04-302023-05-312023-06-302023-07-312023-08-312023-09-302023-11-012023-12-012024-01-012024-02-012024-03-012024-03-312024-04-302024-05-312024-06-302024-07-312024-08-312024-09-302024-11-012024-12-012025-01-012025-02-012025-03-012025-03-312025-04-302025-05-312025-06-302025-07-312025-08-312025-09-302025-11-012025-12-012026-01-012026-02-012026-03-012026-03-312026-04-302026-05-312026-06-302026-07-312026-08-10 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
4,394
▲ +150% over 5y
1,3902,2823,1754,0684,960 2021-09-012021-10-012021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-10-012024-11-012025-01-012025-02-012025-03-012025-04-012025-05-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-04-012026-05-012026-06-012026-07-012026-08-012026-08-10 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 22566,875.49+4.56%
Hang Seng25,853.69-0.60%
Egypt & RegionEGX
IndexLevelChange
EGX 3055,125.40+0.85%
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 / EGP49.81-0.57%
EUR / USD1.1554+0.41%
GBP / USD1.3487+0.45%
USD / JPY158.27+0.47%
Commoditieslatest
CommodityPrice
Gold · XAU/USD +3.50% · $/oz▲ $4,394.30
WTI crude +4.77% · $/bbl▲ $78.81
Brent crude +6.27% · $/bbl▲ $84.43
05

Global Economy

Global · Energy

Oil rises amid uncertainty over U.S.-Iran Strait of Hormuz deal

(10 Aug) Crude prices advanced as traders weighed mixed signals regarding a potential agreement to reopen the Strait of Hormuz. Market participants remain cautious amid concerns that a resolution between Washington and Tehran may be delayed.

Read full article → CNBC
Global · Geopolitics

Iran denies direct U.S. talks on Strait of Hormuz as Houthis claim Saudi refinery attack

(9 Aug) Tehran dismissed reports of direct negotiations with the United States to open the Strait of Hormuz, though officials acknowledged indirect messaging. Regional tensions were further underscored by a claimed Houthi attack on a Saudi refinery, which has since been contained.

Read full article → CNBC
US · Corporate

Abel puts a big chunk of Berkshire's cash to work

(9 Aug) Greg Abel deployed a significant portion of Berkshire Hathaway's cash reserves during his second quarter as chief executive. The capital allocation included a major share repurchase program, signaling an active approach to managing the conglomerate's balance sheet.

Read full article → CNBC
Global · Technology

How a small Israeli startup was linked to rogue AI hacks at OpenAI, Anthropic and Meta

(9 Aug) Recent unauthorized artificial intelligence intrusions targeting major technology firms were traced back to an Israeli startup. The breaches involving OpenAI, Anthropic and Meta highlight emerging cybersecurity vulnerabilities within advanced machine learning models.

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.

Egypt · Macro

Egypt's trade deficit narrows slightly in May for first time since September 2025

(10 Aug) Egypt's trade deficit narrowed by 0.3% year-on-year to $3.99 billion in May, marking the first decline since September 2025. Exports rose 3.58% to $4.53 billion, while imports increased 1.72% to $8.52 billion, driven by higher shipments of fresh fruits, fertilizers, and crude oil.

Read full article → Economy Plus
Egypt · Energy

Egypt seeks to boost Israeli gas imports by 12.5% to 1.35 billion cubic feet daily

(10 Aug) Egypt's petroleum ministry is seeking to increase its imports of Israeli natural gas by 12.5% to about 1.35 billion cubic feet per day during the summer season. The additional 150 million cubic feet daily aims to offset supply disruptions following a temporary fire on the Energys Winter LNG vessel at the Damietta port.

Read full article → Economy Plus
Egypt · Construction

Egypt prepares global tender for earthquake load measurement equipment

(10 Aug) The National Housing Research Centre plans to issue an international tender next year to supply earthquake load measurement equipment for buildings. The procurement coincides with the construction of a new laboratory complex in Sixth of October City, west of Cairo.

Read full article → Economy Plus
Egypt · Real Estate

Currency losses swing Emaar Egypt to 2.2 billion pound net loss in Q2

(10 Aug) Emaar Egypt posted a net loss of 2.2 billion pounds in the second quarter, compared to a net profit of 587.5 million pounds a year earlier, as foreign exchange losses hit 4.16 billion pounds. Despite the bottom-line hit, the company's revenues grew over 20% year-on-year to 4.3 billion pounds.

Read full article → Economy Plus
Egypt · Real Estate

Madinet Masr net profit falls 20.2% in H1 amid lower delivery margins

(10 Aug) Madinet Masr's net profit declined 20.2% year-on-year to 1.02 billion pounds in the first half of 2026, as net profit margins narrowed to 20% from 26.8%. The drop was primarily due to the delivery of units in older projects with lower profit margins, even as total revenues rose 7.2% to 5.1 billion pounds.

Read full article → Economy Plus
Egypt · Equities

M&A wave targets Egyptian logistics and shipping stocks

(10 Aug) The Egyptian stock market is witnessing a wave of acquisition bids targeting the shipping and logistics sector, prompting a repricing of the industry's stocks. The targets include Alexandria Container and Cargo Handling, Egyptrans, and Maridive, driven by shifting global trade routes and geopolitical tensions.

Read full article → Economy Plus
Egypt · Aviation

Cairo International Airport handles 2.76 million passengers in July

(10 Aug) Cairo International Airport handled 2.76 million passengers across 19,357 flights in July, up 4% in passenger traffic and 2% in flight movements from a year earlier. Departures reached 1.35 million passengers on 9,689 flights, while arrivals totaled 1.41 million on 9,668 flights.

Read full article → Economy Plus
Egypt · Regulation

Egyptian financial regulator introduces framework for hedge funds

(10 Aug) The Financial Regulatory Authority has issued a decision regulating the establishment of hedge funds and allowing existing investment funds to engage in the activity for the first time. The new framework permits investments in equities, debt instruments, derivatives, and short selling to boost market flexibility.

Read full article → Economy Plus
Egypt · Equities

Egyptian Exchange receives listing request from El Nasr for Buildings

(10 Aug) The Egyptian Exchange has received a request to list the shares of El Nasr for Buildings and Construction on the main market with an issued and paid-up capital of 211 million pounds. The company's capital is divided into 42.2 million shares with a par value of 5 pounds each.

Read full article → Economy Plus
Egypt · Real Estate

Emaar Egypt board approves study for potential Sky Tower acquisition

(10 Aug) The board of Emaar Egypt has approved a study regarding the potential acquisition of up to 100% of the shares of Sky Tower for Real Estate Development. The move follows an extraordinary general assembly approval to acquire the stake through a share swap.

Read full article → Economy Plus
Egypt · Equities

EGX30 index breaches 55,000 points for the first time

(10 Aug) The Egyptian Exchange closed higher on Sunday, with the main EGX30 index rising 0.82% to a record 55,125.43 points, surpassing the 55,000 mark for the first time in its history.

Read full article → Economy Plus
Egypt · FX

US dollar edges up against Egyptian pound in local banks

(10 Aug) The US dollar rose slightly against the Egyptian pound in local banks on Sunday, trading at 49.71 pounds for buying and 49.85 pounds for selling at the Central Bank of Egypt. Commercial banks quoted the greenback at around 49.80 pounds for buying and 49.90 pounds for selling.

Read full article → Economy Plus
Egypt · Banking

Egypt's low-income mortgage financing reaches 111.13 billion pounds

(10 Aug) Total real estate financing under Egypt's low- and middle-income mortgage initiative reached 111.13 billion pounds by the end of July 2026, benefiting 723,600 clients. The National Bank of Egypt accounted for 21.83% of the total low-income financing, providing 24.2 billion pounds to 174,553 clients.

Read full article → Economy Plus
Egypt · Investment

GAFI discusses investment cooperation with Oman Chamber of Commerce

(10 Aug) The General Authority for Investment and Free Zones met with a delegation from the Oman Chamber of Commerce and Industry to explore ways to boost bilateral investment ties. The discussions included representatives from government institutions and the private sector in the Sultanate.

Read full article → Economy Plus
Egypt · Diplomacy

Egyptian and Sudanese foreign ministers discuss bilateral ties

(10 Aug) Egyptian Foreign Minister Badr Abdelatty spoke with his Sudanese counterpart Mohieldin Salem to discuss bilateral relations and developments in Sudan. Abdelatty reaffirmed Egypt's commitment to developing joint cooperation across various fields to serve the interests of both nations.

Read full article → Economy Plus
Egypt · Corporate

Tawseef Factoring posts 7.4% profit growth in H1

(10 Aug) Tawseef Factoring reported a 7.4% year-on-year increase in first-half net profit to 7.57 million pounds, up from 7.04 million pounds in the same period last year. The company's revenues also grew to 24 million pounds, compared to 19.37 million pounds previously.

Read full article → Economy Plus
Egypt · Corporate

Al Ahram Printing calls EGM to discuss potential dissolution

(10 Aug) Al Ahram for Printing and Packaging has called an extraordinary general assembly on September 3 to discuss the company's dissolution or continuation. The meeting follows the company's 2025 losses reaching half of its issued capital.

Read full article → Economy Plus
Egypt · Banking

Arab African International Bank CEO named in Forbes Middle East list

(10 Aug) Tamer Wahid, Deputy Chairman and Managing Director of Arab African International Bank, has been ranked 93rd in Forbes Middle East's annual list of the 100 Most Powerful CEOs in the Middle East for 2026. The magazine highlighted his leadership of the bank since taking the post in 2023.

Read full article → Economy Plus
Gulf · Macro

Qatar's foreign direct investment rises 3.3% in Q1

(10 Aug) Foreign direct investment in Qatar increased 3.3% year-on-year in the first quarter to reach 172.2 billion riyals ($47.2 billion). Outward FDI stock also grew 3.5% to 221.7 billion riyals during the same period.

Read full article → Economy Plus
Gulf · Energy

Saudi Aramco controls fire at Jazan facility

(10 Aug) Saudi Aramco's firefighting teams have brought under control a fire that broke out early Sunday at a facility in Jazan, southwestern Saudi Arabia. The energy ministry confirmed there were no casualties and that safety teams are completing necessary procedures to handle the incident.

Read full article → Economy Plus
Jordan · Macro

Jordan doubles funding for 'Better Work' programme to 5 million dinars

(10 Aug) The Jordanian cabinet has approved extending the 'Better Work' programme for three years and doubling its funding to 5 million dinars from 1.1 million dinars. The initiative aims to maintain the competitiveness of the country's garment sector and boost national exports.

Read full article → Economy Plus
Global · Tech

Majority of Americans favor stricter social media regulations, Reuters poll shows

(10 Aug) A Reuters/Ipsos poll shows that a majority of Americans support stricter government regulations on social media companies, including mandatory age verification to prevent underage use. The survey comes amid mounting legal pressure on firms like Meta and YouTube over their handling of minor users.

Read full article → Economy Plus
Gulf · Macro

Gulf non-oil economy faces slowdown amid Iran war, Bloomberg says

(10 Aug) The Gulf's non-oil economy is expected to slow down this year due to the fallout from the Iran war, which has disrupted navigation in the Strait of Hormuz, according to a Bloomberg survey. Despite these pressures, the Saudi economy has shown notable resilience, with clear bets on a recovery in 2027.

Read full article → Economy Plus
Saudi · Tech

Saudi AI adoption doubles in 2026

(10 Aug) The adoption of artificial intelligence tools in Saudi Arabia has doubled during 2026. This surge reflects the kingdom's ongoing push to integrate advanced technologies across various economic sectors.

Read full article → Economy Plus
Saudi · Real Estate

Eight entities qualify for Riyadh's Wadi Al Jadah development project

(10 Aug) Eight local and international entities have qualified for the development of the Wadi Al Jadah project in Riyadh. The shortlist marks a step in the capital's urban development plans.

Read full article → Economy Plus