Daily Market Brief

Egypt & Global Markets · Research Desk
Saturday, 15 August 2026 · Hedge Research Desk
The Read
Global equity markets posted mixed results with a sharp surge in Tokyo contrasting with declines across Europe and Hong Kong, while commodities and precious metals advanced and the Egyptian pound softened against the dollar.
Strategy · Execution · Growth
S&P 5007,785.76+0.36%Dow Jones53,732.41-0.56%Nasdaq26,729.16+0.14%FTSE 10010,750.11-1.39%DAX26,440.31+0.46%CAC 408,636.80-1.02%Gold$4,432.00Brent$88.52USD/EGP50.23+1.38%EUR/USD1.1573+0.15%Fed3.50–3.75%S&P 5007,785.76+0.36%Dow Jones53,732.41-0.56%Nasdaq26,729.16+0.14%FTSE 10010,750.11-1.39%DAX26,440.31+0.46%CAC 408,636.80-1.02%Gold$4,432.00Brent$88.52USD/EGP50.23+1.38%EUR/USD1.1573+0.15%Fed3.50–3.75%
EGX 30
55,251.60
+0.38%
S&P 500
7,785.76
+0.36%
Gold
$4,432.00
USD / EGP
50.23
+1.38%
Brent
$88.52
01

5-Year Trend

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

USD / EGP · EGP
50.23
▲ +220% over 5y
12.5123.7635.0246.2757.52 2021-08-312021-09-302021-11-012021-12-012022-01-012022-02-012022-03-012022-03-312022-04-302022-05-312022-06-302022-07-312022-08-312022-09-302022-11-012022-12-012023-01-012023-02-012023-03-012023-03-312023-04-302023-05-312023-06-302023-07-312023-08-312023-09-302023-11-012023-12-012024-01-012024-02-012024-03-012024-03-312024-04-302024-05-312024-06-302024-07-312024-08-312024-09-302024-11-012024-12-012025-01-012025-02-012025-03-012025-03-312025-04-302025-05-312025-06-302025-07-312025-08-312025-09-302025-11-012025-12-012026-01-012026-02-012026-03-012026-03-312026-04-302026-05-312026-06-302026-07-312026-08-15 USD / EGP
S&P 500 · index
7,786
▲ +81% over 5y
3,2494,4705,6926,9148,136 2021-09-012021-10-012021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-05-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-01-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-10-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-09-012024-10-012024-11-012024-12-012025-01-012025-02-012025-03-012025-04-012025-05-012025-06-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-02-012026-03-012026-04-012026-05-012026-06-012026-07-012026-08-012026-08-14 S&P 500
Gold · XAU/USD · $/oz
4,432
▲ +152% over 5y
1,3902,2823,1754,0684,960 2021-09-012021-10-012021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-10-012024-11-012025-01-012025-02-012025-03-012025-04-012025-05-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-04-012026-05-012026-06-012026-07-012026-08-012026-08-14 Gold · XAU/USD
02

Equities

Global Indiceslevels · latest change
IndexLevelChange
S&P 5007,785.76+0.36%
Dow Jones53,732.41-0.56%
Nasdaq26,729.16+0.14%
FTSE 10010,750.11-1.39%
DAX26,440.31+0.46%
CAC 408,636.80-1.02%
Nikkei 22568,713.80+4.74%
Hang Seng25,116.85-2.15%
Egypt & RegionEGX
IndexLevelChange
EGX 3055,251.60+0.38%
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)3.62%
1-year UST3.98%
2-year UST4.17%
3-year UST4.24%
5-year UST4.36%
10-year UST4.68%
30-year UST5.25%
Euro Area
ECB deposit facility2.25%
ECB main refinancing2.40%
ECB marginal lending2.65%
€STR2.19%
04

Currencies & Commodities

Currencieslatest
PairRateChange
USD / EGP50.23+1.38%
EUR / USD1.1573+0.15%
GBP / USD1.3536+0.33%
USD / JPY159.31+0.90%
Commoditieslatest
CommodityPrice
Gold · XAU/USD +1.61% · $/oz▲ $4,432.00
WTI crude +0.33% · $/bbl▲ $82.40
Brent crude +0.91% · $/bbl▲ $88.52
05

Global Economy

US · Geopolitics

U.S. to use economic tactics on Iran 'that have never been seen'; Navy works to relieve troubled carrier USS Abraham Lincoln

(14 Aug) The Trump administration is escalating rhetorical and economic pressure on Iran amid a strategic stalemate in the region. The military is simultaneously working to relieve the troubled aircraft carrier USS Abraham Lincoln as tensions remain high.

Read full article → CNBC
US · Trade

How a niche copper trade became a real-time gauge of Trump’s next tariff move

(14 Aug) A widening price differential for copper between two metals exchanges is providing investors with a real-time indicator of U.S. tariff risk. Market participants are closely monitoring this niche trade to gauge the administration's next moves on trade policy.

Read full article → CNBC
US · Regulation

Regulators and banks step up scrutiny of prediction markets

(14 Aug) The Commodity Futures Trading Commission is reviewing the event contracts offered by prediction betting platforms. This regulatory scrutiny is being mirrored by major banks, which are also increasing their oversight of the rapidly growing sector.

Read full article → CNBC
US · Crypto

Trump family-backed crypto firm World Liberty gets conditional bank charter approval

(14 Aug) The Office of the Comptroller of the Currency has conditionally approved a national trust bank charter for World Liberty Trust Co. This approval will allow the firm, which is backed by the Trump family, to issue stablecoins.

Read full article → CNBC
Asia · Geopolitics

‘Absolutely unacceptable’: Japan PM Takaichi condemns Putin’s visit to disputed Kuril Islands

(14 Aug) Japan has formally protested Russian President Vladimir Putin’s first visit to the disputed Kuril Islands. The visit escalates territorial tensions between Tokyo and Moscow over the region claimed by both nations.

Read full article → CNBC
Tech · IPO

OpenAI talent exodus raises 'huge red flag' ahead of IPO

(14 Aug) Significant turnover within the C-suite of OpenAI is drawing investor concern as the artificial intelligence company prepares for a major public listing. The leadership exodus presents a notable risk factor ahead of the anticipated equity offering.

Read full article → CNBC
Tech · Markets

AI’s infrastructure boom is getting more leveraged — and harder to track

(14 Aug) The rapid expansion of artificial intelligence infrastructure is increasingly being financed through bonds, leases, and private capital. This growing reliance on leveraged investors is adding a new layer of complexity and risk to the market.

Read full article → CNBC
US · Healthcare

Court rules companies can't import Gilead medications from overseas in blow to AFP health programs

(14 Aug) A U.S. appeals court has ruled in favor of Gilead Sciences, blocking alternative funding programs from importing its medications from overseas. The decision delivers a significant setback to the business models of these healthcare importers.

Read full article → CNBC
Europe · Security

NATO aircraft shoot down drone over Latvia, which blames 'Russian electromagnetic warfare'

(14 Aug) NATO fighter jets intercepted and shot down a foreign drone over Latvian airspace amid heightened security concerns in the Baltic region. Latvia has attributed the incident to Russian electromagnetic warfare, prompting temporary airspace and maritime restrictions by Finland.

Read full article → CNBC
Global · Technology

From Apple to Ford: How Chinese tech is becoming harder for global companies to ignore

(14 Aug) Multinational corporations are increasingly integrating Chinese technology into their operations to capitalize on its advanced capabilities and scale. This trend persists despite the ongoing geopolitical risks and trade tensions surrounding the sector.

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.

US inflation
3.4%
Jul 2026
Egypt GDP growth
>5%
2026
Egypt · Markets

Norway sovereign wealth fund raises Egyptian stock investments by 21.6%

(13 Aug) The Norwegian sovereign wealth fund increased its investments in Egyptian equities by 21.6% to $158.7 million by the end of June 2026, up from $130.5 million in December 2025. The fund raised its stakes in Commercial International Bank and Fawry, while fully exiting EFG Hermes and U Consumer Finance.

Read full article → Economy Plus
Egypt · Real Estate

Talaat Mustafa Holding reports 23% rise in H1 net profit

(13 Aug) Talaat Mustafa Holding's net profit rose 23% year-on-year to 9.9 billion Egyptian pounds in the first half of 2026, with consolidated revenues climbing 24% to 30.2 billion pounds. Contracted sales reached 219.1 billion pounds in the first half, driven by strong demand for its real estate development and hospitality segments.

Read full article → Economy Plus
Egypt · Energy

France's Voltalia to sell Zaafarana wind farm power to Egyptian grid

(13 Aug) The Egyptian Electricity Transmission Company agreed to purchase all power from Voltalia's Zaafarana wind farm at 2.4 US cents per kilowatt-hour for 20 years. The 869-megawatt project requires $800 million in investments and is expected to begin commercial operations in 2028.

Read full article → Economy Plus
Egypt · Infrastructure

Egypt extends SCA chairman term, appoints new SCZone head

(13 Aug) President Abdel Fattah el-Sisi issued decrees extending Osama Rabie's term as Suez Canal Authority chairman for one year and appointing Mostafa Sheikhone as head of the Suez Canal Economic Zone for a similar period. The decrees also named Ahmed Khaled Hassan as deputy chairman of the SCA and Mohamed Abdel Fattah Abu Bakr as head of the Arab Organization for Industrialization.

Read full article → Economy Plus
Egypt · Aviation

EgyptAir launches direct flights between Alamein, Jeddah, and Medina

(13 Aug) EgyptAir will operate weekly direct flights from Jeddah and Medina to Alamein International Airport from August 13 to September 12. The new routes aim to boost tourism by providing direct access to the North Coast from Saudi Arabia.

Read full article → Economy Plus
Egypt · Energy

Arabiya Energy to open new branch in Jordan

(13 Aug) The board of Arabiya Energy approved the opening of a branch in Jordan as part of its strategy to expand into new Arab and African markets. The company's revenues grew 34% year-on-year to 15.46 billion Egyptian pounds in the first half of 2026.

Read full article → Economy Plus
Egypt · Investment

Qatar's Al Salem targets 50 billion EGP investments in Egypt

(13 Aug) Al Salem Group plans to increase its total investments in Egypt to 50 billion Egyptian pounds over the next five years, up from over 15 billion pounds currently. The group is expanding across six sectors, including real estate, food and beverage, healthcare, and financial services.

Read full article → Economy Plus
Egypt · Banking

CIB CEO Hisham Ezz Al-Arab named in Forbes top 100 CEOs list

(13 Aug) Forbes Middle East included Commercial International Bank CEO Hisham Ezz Al-Arab in its list of the 100 most powerful CEOs in the region for 2026. The bank operates in four countries and serves over 2.5 million customers through 214 branches.

Read full article → Economy Plus
Egypt · Fiscal

Egypt limits tax bond subscriptions to 15% of due liabilities

(13 Aug) The Egyptian Tax Authority announced that taxpayer subscriptions to tax settlement bonds will not exceed 15% of their total due tax liabilities. The optional mechanism aims to ease cash flow for compliant taxpayers, with detailed rules to be issued within three weeks.

Read full article → Economy Plus
Egypt · Energy

Egypt launches global bid for oil and gas exploration in 14 new areas

(13 Aug) The Ministry of Petroleum and Mineral Resources launched its 2026 global bid for crude oil and natural gas exploration, offering 14 new blocks to international and local companies. The tender includes eight blocks in the Mediterranean and Nile Delta, and six in the Gulf of Suez and Western Desert, offered via the Egypt Upstream Gateway.

Read full article → Economy Plus
Egypt · Energy

Egypt to sign 13 new oil and gas exploration agreements

(13 Aug) The Egyptian General Petroleum Corporation is preparing to sign 13 new exploration agreements involving over $1 billion in investments and a commitment to drill 120 wells. Over the past two fiscal years, the corporation signed 19 agreements worth at least $823.1 million, resulting in 112 new discoveries.

Read full article → Economy Plus
MENA · Markets

MENA M&A deals surge 105% in Q2 to $25 billion

(13 Aug) Mergers and acquisitions in the Middle East and North Africa reached $25 billion in the second quarter, up 105% from $12.2 billion a year earlier, driven by activity in Saudi Arabia and the UAE. The recovery in deal-making occurred despite ongoing regional political tensions, according to EY.

Read full article → Economy Plus
Saudi Arabia · Investment

Saudi foreign direct investment rises 12% in Q1

(13 Aug) Foreign direct investment in Saudi Arabia increased by 12% in the first quarter of the year. The growth reflects continued efforts to attract foreign capital as part of the kingdom's economic diversification plans.

Read full article → Economy Plus
US · Fiscal

US budget deficit jumps in July to highest since March 2021

(13 Aug) The United States budget deficit widened in July, reaching its highest level since March 2021. The increase adds to fiscal pressures as the Federal Reserve considers future interest rate decisions.

Read full article → Economy Plus
Global · Shipping

Maersk resumes Suez Canal routing for AE19 service

(10 Aug) Maersk and Hapag-Lloyd announced that the AE19 shipping service will resume transiting the Suez Canal instead of routing around the Cape of Good Hope. The change, effective immediately, follows security assessments in the Red Sea and aims to improve supply chain efficiency between Asia and Europe.

Read full article → Economy Plus
Egypt · Fintech

eFawry acquires 8.8% stake in Welley Financial

(13 Aug) eFawry for Financial and Digital Investments increased its capital injection in Welley Financial Holding, acquiring an 8.8% stake in the wealth management platform. The investment value was below the threshold requiring mandatory disclosure under Egyptian Exchange rules.

Read full article → Economy Plus
Egypt · Banking

Bank of Cairo H1 net profit rises 15% to 8.6 billion EGP

(13 Aug) Bank of Cairo's net profit increased 15% year-on-year to 8.6 billion Egyptian pounds in the first half of 2026, supported by an 11% rise in net interest income to 18.3 billion pounds. Fee and commission income also grew 14% to 3.3 billion pounds.

Read full article → Economy Plus
Egypt · Real Estate

Orascom Development Egypt Q2 profit climbs 11% to 1.23 billion EGP

(13 Aug) Orascom Development Egypt reported an 11.04% year-on-year increase in second-quarter net profit to 1.23 billion Egyptian pounds. Revenues for the quarter surged to 8.4 billion pounds, up from 5 billion pounds in the same period last year.

Read full article → Economy Plus
Egypt · Industrials

Elsewedy Electric Q2 net profit rises 11.6% to 5.08 billion EGP

(13 Aug) Elsewedy Electric's second-quarter net profit increased 11.6% year-on-year to 5.08 billion Egyptian pounds after minority interests. Total revenues for the quarter jumped 36.7% to 88.02 billion pounds.

Read full article → Economy Plus
Egypt · Industrials

Egypt Aluminum FY26 profit surges 52% to 15.49 billion EGP

(13 Aug) Egypt Aluminum's net profit for the 2025-2026 fiscal year grew 52% to 15.49 billion Egyptian pounds, up from 10.18 billion pounds in the previous year. Sales increased 23% to 53.13 billion pounds.

Read full article → Economy Plus
Egypt · Chemicals

MOPCO H1 net profit jumps 70% to 9.9 billion EGP

(13 Aug) Misr Fertilizers Production Company (MOPCO) reported a 70% year-on-year increase in first-half net profit to 9.9 billion Egyptian pounds, compared to 5.8 billion pounds in the same period last year.

Read full article → Economy Plus
Egypt · Consumer Goods

Oriental Weavers H1 profit surges 80% to 2.01 billion EGP

(13 Aug) Oriental Weavers' first-half net profit jumped 80.33% year-on-year to 2.01 billion Egyptian pounds, driven by a rise in sales to 13.9 billion pounds from 12.565 billion pounds.

Read full article → Economy Plus
Qatar · Banking

QNB seeks $2 billion syndicated loan

(13 Aug) Qatar National Bank is seeking a $2 billion syndicated loan, with DBS, HSBC, ICBC, Mizuho, and Standard Chartered acting as mandated lead arrangers. The five-year facility is priced at over 75 basis points above the secured overnight financing rate.

Read full article → Economy Plus
Syria · Trade

Syria receives first wheat and cement shipments at Tartus port

(13 Aug) Syria received its first shipments of wheat and cement at the Tartus port, which was previously used by Russian forces. The arrivals follow an agreement between Damascus and Moscow regarding the future of the Russian bases in Tartus and Hmeimim.

Read full article → Economy Plus
Global · Shipping

Strait of Hormuz shipping traffic drops to weekly low

(13 Aug) Shipping traffic through the Strait of Hormuz fell to its lowest level in a week, with only eight vessels tracked on Tuesday. This is down from an average of 12 ships per day over the preceding 10 days, according to Kpler data.

Read full article → Economy Plus
Egypt · Markets

Egypt's EGX30 index rebounds 0.4% to 55,000 points

(13 Aug) The EGX30 index rose 0.4% on Wednesday, closing back at the 55,000-point level after two days of declines, supported by positive corporate earnings. Meanwhile, the EGX70 and EGX100 indices fell 1.3% and 0.9% respectively following recent record highs.

Read full article → Economy Plus
Egypt · Forex

Egyptian pound gains 6 piastres against US dollar

(13 Aug) The US dollar declined by 6 piastres against the Egyptian pound, settling at 50.15 pounds for buying and 50.29 pounds for selling at the Central Bank of Egypt. The move coincided with limited net purchases of $16.8 million by Arab and foreign investors in the secondary debt market.

Read full article → Economy Plus
Egypt · Telecom

Egyptian telecoms warn 19 million SIM cards of suspension

(13 Aug) Mobile operators in Egypt have begun sending text messages to around 19 million subscribers warning of line suspension due to unverified or outdated registration data. Customers are required to visit branch offices to update their information, marking the first phase of a broader compliance drive.

Read full article → Economy Plus