Daily Market Brief

Egypt & Global Markets · Research Desk
Monday, 17 August 2026 · Hedge Research Desk
The Read
Global equities traded mixed as European bourses and the Dow retreated while Asian and US indices advanced, accompanied by a stronger dollar against regional peers, rising safe-haven gold, and softer crude oil.
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$4,453.80Brent$88.70USD/EGP50.20+0.71%EUR/USD1.1590+0.38%CBE depo19.00%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$4,453.80Brent$88.70USD/EGP50.20+0.71%EUR/USD1.1590+0.38%CBE depo19.00%Fed3.50–3.75%
EGX 30
55,854.70
+1.48%
S&P 500
7,785.76
+0.36%
Gold
$4,453.80
USD / EGP
50.20
+0.71%
Brent
$88.70
CBE / Fed
19.00% / 3.50–3.75%
policy
01

5-Year Trend

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

USD / EGP · EGP
50.20
▲ +220% over 5y
12.5123.7635.0246.2757.52 2021-08-312021-09-302021-11-012021-12-012022-01-012022-02-012022-03-012022-03-312022-04-302022-05-312022-06-302022-07-312022-08-312022-09-302022-11-012022-12-012023-01-012023-02-012023-03-012023-03-312023-04-302023-05-312023-06-302023-07-312023-08-312023-09-302023-11-012023-12-012024-01-012024-02-012024-03-012024-03-312024-04-302024-05-312024-06-302024-07-312024-08-312024-09-302024-11-012024-12-012025-01-012025-02-012025-03-012025-03-312025-04-302025-05-312025-06-302025-07-312025-08-312025-09-302025-11-012025-12-012026-01-012026-02-012026-03-012026-03-312026-04-302026-05-312026-06-302026-07-312026-08-17 USD / EGP
S&P 500 · index
7,786
▲ +81% over 5y
3,2504,4685,6866,9048,122 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
4,454
▲ +154% over 5y
1,3902,2823,1754,0684,960 2021-09-012021-10-012021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-10-012024-11-012025-01-012025-02-012025-03-012025-04-012025-05-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-04-012026-05-012026-06-012026-07-012026-08-012026-08-17 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 22568,930.60+2.93%
Hang Seng25,521.99-1.60%
Egypt & RegionEGX
IndexLevelChange
EGX 3055,854.70+1.48%
03

Rates & Central Banks

Egypt · CBE
19.00%
Overnight deposit — unchanged.
Egypt · CBE
20.00%
Overnight lending — unchanged.
US · Federal Reserve
3.50–3.75%
Fed funds target — on hold.
Egypt · CBE Corridor, Bills & Bondspolicy real · yields indicative
InstrumentRate / YieldNote
Policy corridor
Overnight deposit19.00%unchanged
Overnight lending20.00%unchanged
Main operation rate19.50%unchanged
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 / EGP50.20+0.71%
EUR / USD1.1590+0.38%
GBP / USD1.3555+0.33%
USD / JPY159.10-0.03%
Commoditieslatest
CommodityPrice
Gold · XAU/USD +1.02% · $/oz▲ $4,453.80
WTI crude -1.27% · $/bbl▼ $82.21
Brent crude -0.31% · $/bbl▼ $88.70
05

Global Economy

Japan · GDP

Japan second-quarter GDP grows 1.1% on an annualized basis, missing expectations

(17 Aug) Japan's economy expanded in the second quarter but grew at a slower pace than analysts anticipated. The softer gross domestic product reading underscores ongoing challenges for the export-driven economy.

Read full article → CNBC
Europe · Equities

Secret outperformer: Dispelling the 'myths' about an unloved stock market

(16 Aug) European equities have quietly delivered strong returns, challenging the perception that the region lags behind its U.S. counterparts. Goldman Sachs highlighted this outperformance, arguing that several long-held bearish narratives about the asset class are unfounded.

Read full article → CNBC
Geopolitics · Middle East

CNBC Daily Open: U.S. Navy faces mental health challenges as Mideast conflict drags on

(17 Aug) Prolonged deployments in the Middle East are taking a toll on the morale and mental well-being of U.S. military personnel. The mounting strain on naval forces underscores the operational challenges of the ongoing regional conflict.

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.

Policy rate
19.5%
unchanged
Egypt · Capital Markets

Egypt targets four new oil companies for stock exchange listing

(17 Aug) The government is coordinating with the petroleum ministry to identify the most ready oil companies for a temporary listing on the Egyptian Exchange. Between three and four companies are expected to be selected within the next two weeks, though approvals from the Sinai Development Authority may affect the timing.

Read full article → Economy Plus
Egypt · Capital Markets

Four companies join EGX30 main index in semi-annual review

(17 Aug) Mobco, Alexandria Container and Cargo Handling, Sidpec, and Cleopatra Hospital will join the main index starting September 1, replacing Oriental Weavers, Orascom Investment, Arab Cement, and Kima. The Egyptian Exchange announced the changes following its semi-annual periodic review.

Read full article → Economy Plus
Egypt · Construction

Orascom Construction backlog rises to $14.47 billion in first half

(17 Aug) The consolidated value of projects under execution increased 3.7% year-on-year to $14.47 billion by the end of June, including its share in Belgium's BESIX. Excluding BESIX, the backlog grew 13.9% to $10.9 billion, while new consolidated contracts surged 58.4% year-on-year.

Read full article → Economy Plus
Egypt · Banking

Financial regulator approves Baraka Bank Egypt bid for 90% of Al Tawfiq Leasing

(17 Aug) The Financial Regulatory Authority approved the mandatory tender offer for up to 329.47 million shares, representing 90% of Al Tawfiq Leasing's total capital. The swap ratio is set at 0.1919 shares of Baraka Bank Egypt's capital increase for every one share of the target company.

Read full article → Economy Plus
Egypt · Telecoms

Mobile operators review SIM sale incentives to ensure data accuracy

(17 Aug) Egypt's four mobile operators are studying changes to their sales incentives to prioritize customer data verification over the sheer volume of lines sold. The proposed adjustments align with the National Telecom Regulatory Authority's mandate to implement biometric fingerprinting at branches starting in September.

Read full article → Economy Plus
Egypt · Agriculture

Egypt purchases 4.72 million tons of local wheat in 2026 supply season

(17 Aug) The government bought 4.72 million tons of local wheat between mid-April and mid-August, a 20% increase from the previous year but short of the five million ton target. The purchases aim to reduce the country's dollar expenditure and reliance on imports, as it remains the world's largest wheat importer.

Read full article → Economy Plus
Egypt · Agriculture

Egypt signs $500 million wheat supply deal with UAE's Al Dhahra

(17 Aug) The Ministry of Supply signed an executive contract with Al Dhahra Agricultural Trade to import wheat under a financing program from the Abu Dhabi Exports Office. The $500 million facility will fund wheat purchases over five years at a rate of $100 million annually.

Read full article → Economy Plus
Egypt · Banking

Investment banks expect central bank to hold interest rates on Thursday

(17 Aug) Ten financial institutions expect the Central Bank of Egypt to keep the overnight deposit rate at 19% and the lending rate at 20% at its upcoming policy committee meeting. Analysts cite ongoing geopolitical risks, energy price volatility, and moderate inflation levels that do not currently warrant a rate change.

Read full article → Economy Plus
Egypt · Banking

Central bank requires prior approval for dollar facilities to government suppliers

(17 Aug) The Central Bank of Egypt has directed commercial banks to obtain its prior approval before granting, renewing, or increasing foreign currency credit facilities for private companies contracted to supply goods or services to government entities. The new directive expands existing controls on dollar financing linked to the public sector.

Read full article → Economy Plus
Egypt · Banking

EBRD and IFC plan to acquire 10% stake in Bank of Cairo ahead of IPO

(17 Aug) The European Bank for Reconstruction and Development and the International Finance Corporation intend to participate in the state-owned lender's upcoming stock market listing in the second half of the year. The government aims to offer a 30% to 40% stake to raise between 23 billion and 32 billion Egyptian pounds.

Read full article → Economy Plus
Egypt · Insurance

Six institutions in talks for 10% stake in Misr Life Insurance ahead of listing

(17 Aug) The International Finance Corporation, the EBRD, and four African and Arab investment funds are negotiating to acquire a 10% private placement stake in the state-owned insurer. The government targets raising about 14 billion Egyptian pounds from the listing, which would be the largest in the Egyptian Exchange's history.

Read full article → Economy Plus
Egypt · Capital Markets

EGX30 index hits record high near 56,000 points

(17 Aug) The main index rose 1.1% to close at a record 55,854.74 points, driven by gains in heavyweight stocks. Top contributors included Commercial International Bank, Telecom Egypt, Fawry, iFinance, and Talaat Moustafa Group.

Read full article → Economy Plus
Egypt · Manufacturing

German battery maker to build two factories in Egypt with $20 million investment

(17 Aug) The German Company for Battery Industries is establishing a cardboard plant and an acid plant to supply its battery manufacturing operations. The cardboard facility is expected to begin operations in three to four months, while the larger acid plant will start in early 2027.

Read full article → Economy Plus
Egypt · Government

Investment ministry launches investor care platform and self-start anti-dumping mechanism

(17 Aug) The new platform creates a unified channel for receiving and resolving investor complaints within a specified timeframe. Additionally, the government activated a self-start mechanism for anti-dumping and countervailing duties to protect local industries without waiting for formal complaints from producers.

Read full article → Economy Plus
Egypt · Agriculture

Weak external demand cuts Egypt's onion exports by nearly 27% in first half

(17 Aug) Fresh onion exports fell to 123,000 tons in the first half of 2026, down from 168,000 tons in the same period last year. The decline reflects weaker demand from European buyers, prompting exporters to redirect more of their trade toward Arab markets, primarily Saudi Arabia.

Read full article → Economy Plus
Egypt · Currency

Egyptian pound strengthens as dollar drops 4 piasters

(17 Aug) The US dollar fell against the local currency at the end of Sunday's trading, closing at 50.19 Egyptian pounds for buying and 50.32 Egyptian pounds for selling.

Read full article → Economy Plus
Egypt · Manufacturing

Sinai Manganese targets 50,000 tons of annual alloy production by 2028

(17 Aug) The state-owned company aims to boost output at its Abu Zenima facility, which spans 23,500 square meters. The plant operates with an investment volume of 2.5 billion Egyptian pounds and a capital of 300 million Egyptian pounds.

Read full article → Economy Plus
Egypt · Energy

Electricity ministry reviews 3,100 MW renewable energy project in Sinai

(17 Aug) Minister Mahmoud Esmet met with the RenewEnergy Group alliance to discuss a comprehensive project featuring solar plants and pumped hydro storage. The project will be implemented in two phases to provide stable and sustainable power to the national grid.

Read full article → Economy Plus
Egypt · Energy

Fuel prices under continuous review with no immediate indicators for change

(17 Aug) Hassan Nasr, head of the petroleum materials division, stated that pricing depends on multiple variables including global oil prices, the dollar exchange rate, and inflation. He noted there are currently no clear indicators to confirm whether prices will be raised or lowered in the near future.

Read full article → Economy Plus
Egypt · Development Finance

African Development Bank raises Egypt investment portfolio to $2.516 billion

(17 Aug) The bank's portfolio grew from $2.040 billion in January to $2.516 billion in August, with the financial sector accounting for 43.4% and energy for 26.6%. The AfDB also committed about $450 million to support private-sector renewable energy projects in the country.

Read full article → Economy Plus
Egypt · Capital Markets

Obour Land chairman reduces stake to 11.05% in 480 million pound share sale

(17 Aug) Mohamed Hamed Sharif sold 20 million shares at an average price of 24 Egyptian pounds per share, reducing his ownership from 16.05%. CI Capital Securities acted as the executing broker for the transaction.

Read full article → Economy Plus
Egypt · Conglomerates

GB Corp net profit falls 21% in second quarter despite 41% revenue growth

(17 Aug) Net profit dropped to 826.3 million Egyptian pounds from 1.04 billion Egyptian pounds a year earlier, driven by higher financing costs and increased provisions. Conversely, revenues surged to 26.90 billion Egyptian pounds from 19.08 billion Egyptian pounds.

Read full article → Economy Plus
Egypt · Chemicals

Phorkem Egypt net profit plunges 64.2% in second quarter

(17 Aug) Net profit fell to 292.3 million Egyptian pounds, pressured by an 86.3% increase in financial expenses to 181.9 million Egyptian pounds.

Read full article → Economy Plus
Gulf · Saudi Arabia

Saudi Tadawul Group shares jump 3.9% on new capital market authority head

(17 Aug) The stock closed at 120.4 riyals, marking its largest daily gain since June 9, as investors anticipate that the appointment of Mazen Al-Sudairi will boost market activity. The Capital Market Authority oversees market regulation, while Tadawul Group manages the financial market infrastructure.

Read full article → Economy Plus
Gulf · Oman

Oman's OQ reports 19.4% rise in first-half net profit to 199 million rials

(17 Aug) The exploration and production company's profit reached about $518 million, up from the same period last year. Revenues also grew 12% to 685 million rials, compared to 612 million rials in the first half of 2025.

Read full article → Economy Plus
MENA · Tunisia

Tunis Stock Exchange listed companies' revenues rise 4.2% in first half

(17 Aug) Aggregate revenues reached 12.7 billion dinars, equivalent to $4.3 billion, up from 12.2 billion dinars in the same period last year. According to the Tunis Afrique Presse agency, 46 of the 71 listed companies reported improved revenues during the first six months of 2026.

Read full article → Economy Plus
MENA · Energy

Middle East oil producers move crude across Gulf to mask shipments amid Iran war

(17 Aug) Producers are transferring large volumes of crude across the Arabian Gulf to help limit price surges and ease inflation fears, according to people familiar with the matter. The shipments cross the Strait of Hormuz covertly before the oil is transferred from ships to other tankers in the Gulf of Oman.

Read full article → Economy Plus