The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 | 7,641.16 | -2.02% |
| Dow Jones | 52,759.21 | -2.01% |
| Nasdaq | 26,067.17 | -2.75% |
| FTSE 100 | 10,748.16 | -0.23% |
| DAX | 25,983.04 | -1.20% |
| CAC 40 | 8,453.09 | -2.13% |
| Nikkei 225 | 66,002.93 | -4.65% |
| Hang Seng | 25,883.24 | +3.05% |
| Index | Level | Change |
|---|---|---|
| EGX 30 | 54,737.10 | +0.41% |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.62% |
| 1-year UST | 3.99% |
| 2-year UST | 4.19% |
| 3-year UST | 4.26% |
| 5-year UST | 4.39% |
| 10-year UST | 4.69% |
| 30-year UST | 5.23% |
| 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 | 50.83 | +1.31% |
| EUR / USD | 1.1696 | +1.05% |
| GBP / USD | 1.3642 | +0.70% |
| USD / JPY | 159.01 | -0.13% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD +4.06% · $/oz | ▲ $4,597.30 |
| WTI crude +2.31% · $/bbl | ▲ $86.45 |
| Brent crude +2.95% · $/bbl | ▲ $93.55 |
(21 Aug) JPMorgan's James Sullivan warns that government efforts to manage pressure in the Treasury market risk merely shifting the problem down the road. He compares the intervention strategy to paying a mortgage with a credit card, suggesting it fails to address underlying fiscal vulnerabilities.
Read full article → CNBC(21 Aug) Economists caution that Taiwan's recent double-digit economic expansion, driven heavily by artificial intelligence, may face moderation. The island's growth trajectory remains vulnerable to potential capital expenditure slowdowns, broader macroeconomic downturns, and an outsized concentration in the semiconductor sector.
Read full article → CNBC(21 Aug) Japan's historic efforts to prop up the yen may have inadvertently revitalized the currency carry trade. Market observers note that the intervention has provided investors with a more favorable opportunity to re-engage in the strategy of borrowing in yen to fund higher-yielding assets.
Read full article → CNBC(20 Aug) Opposition to the rapid expansion of artificial intelligence data centers is emerging as a bipartisan political issue ahead of the midterm elections. The backlash highlights growing local and regulatory friction as technology companies scale up their physical infrastructure footprint across multiple states.
Read full article → CNBC(20 Aug) A perceived retreat in U.S. security commitments and arms-control adherence is prompting allied nations to evaluate independent defense and nuclear options. Security analysts warn this shift could trigger a broader proliferation cascade as countries assume greater responsibility for their own deterrence.
Read full article → CNBC(20 Aug) The Trump administration is escalating its pressure campaign against Iran through a sweeping economic operation designed to severely restrict the nation's financial networks. Officials warn of significant consequences for countries and entities continuing to back Tehran as the conflict persists without a clear resolution.
Read full article → CNBC(20 Aug) Hyundai is evaluating a capacity increase at its new manufacturing facility in Georgia as part of a broader multi-billion dollar investment commitment in the United States through the end of the decade. The potential expansion underscores the automaker's strategy to localize production and strengthen its North American supply chain.
Read full article → CNBC(20 Aug) Major cryptocurrencies rallied following direct appeals from the President for Congress to approve a comprehensive regulatory framework for the digital asset sector. The proposed legislation aims to establish clearer operational guidelines, which industry executives argue is necessary to institutionalize the market.
Read full article → CNBC(20 Aug) Shares of the retail giant fell sharply after the company issued a forward outlook that fell short of investor expectations. The disappointing guidance provides a critical read on the current health of the consumer and highlights the ongoing divergence in the broader economy.
Read full article → CNBC(20 Aug) Maritime security incidents involving Somali pirates have resurged in the Red Sea region, presenting a major concern for global shipping companies. The return of the threat is largely attributed to regional instability and the diversion of naval enforcement resources due to the ongoing conflict involving the U.S. and Iran.
Read full article → CNBCEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(20 Aug) The Central Bank of Egypt raised its economic growth forecast for the 2025/2026 fiscal year to 4.9%, up from a previous estimate of 4.8%. It also revised up the real GDP growth estimate for the fiscal year ended in June to 5%.
Read full article → Economy Plus(20 Aug) The Finance Ministry is studying the provision of digital services to allow Egyptians abroad to settle their real estate taxes electronically without visiting the country. Finance Minister Ahmed Kojouk said the initiative aims to complete the second package of tax facilitations and support the state's digital transformation.
Read full article → Economy Plus(20 Aug) The value of Egyptian exports to global markets increased by 7.1% year-on-year to $28 billion in the first half of the year, according to the Central Statistical Agency. Imports also rose 23.6% to $60.4 billion, pushing total trade volume to $88.4 billion.
Read full article → Economy Plus(20 Aug) The Financial Regulatory Authority issued a decision regulating short selling operations to boost liquidity and pricing efficiency in the capital market. The framework requires brokerages to manage integrated accounts for borrowers and collect a cash margin of at least 50% of the borrowed securities' market value.
Read full article → Economy Plus(20 Aug) The Transport Ministry plans to issue tenders by the end of the year for local companies to supply equipment and systems for the electric fast train network worth 1.3 billion euros. The supplies, including rails and technical systems, will be delivered over the next two years for the second and third lines.
Read full article → Economy Plus(20 Aug) Petroleum and Mineral Resources Minister Karim Badawi laid the foundation stone for the first industrial complex to produce phosphoric acid from Egyptian phosphate ore at the Abu Tartour plateau in the New Valley Governorate. The $658 million project, executed by Chinese firms CSCEC and ECEC, aims to produce 250,000 tonnes annually for export.
Read full article → Economy Plus(20 Aug) The Petroleum and Mineral Resources Ministry increased natural gas supplies to fertilizer and petrochemical factories by 19% in August to about 810 million cubic feet per day. The increase is supported by higher LNG imports and continued pipeline flows to boost production rates and exports.
Read full article → Economy Plus(20 Aug) An Egyptian-Saudi joint investment project, Technobond, signed a contract to establish an industrial complex for producing cladding panels and aluminum rolls in the Suez Canal Economic Zone. The project will be built on a 25,000 square meter plot in the Sokhna industrial zone with initial investments of $18 million in its first phase.
Read full article → Economy Plus(20 Aug) The extra yield investors demand to hold Egyptian dollar-denominated sovereign bonds over US Treasuries fell to 322 basis points, the lowest since 2014, supported by record foreign exchange reserves and improved investor confidence. Egyptian bonds have returned over 10% since the end of March, outperforming the 3.2% average in emerging markets, as the country benefits from IMF program implementation and strong remittance and tourism flows.
Read full article → Economy Plus(20 Aug) The Egyptian Exchange closed with a sharp collective decline across its indices, driven by foreign and local selling, with the main EGX30 index falling 1.38%. The market lost 74 billion pounds in market capitalization, bringing the total to 4.217 trillion pounds.
Read full article → Economy Plus(20 Aug) The Central Bank of Egypt projected that average inflation could fall to 15.2% in the 2026/2027 fiscal year if regional conditions improve, but could rise to 17.8% if tensions escalate and energy prices surge. The baseline scenario assumes inflation will average 16.6% in the current fiscal year before declining to 8.1% in the following year.
Read full article → Economy Plus(20 Aug) The US dollar continued its upward trend in local banks, rising by an additional 13 piastres, while the price of 21-karat gold jumped by 120 pounds. The surge in local gold prices was supported by geopolitical movements and a global rally that pushed spot gold to a two-and-a-half-month high.
Read full article → Economy Plus(20 Aug) US President Donald Trump has issued strict orders to his team not to negotiate with Iran until Tehran shows a genuine readiness to sign a comprehensive agreement, according to media sources.
Read full article → Economy Plus(20 Aug) Tensions have escalated following the suspension of financial transactions between Abu Dhabi and Tehran after missile attacks were detected, drawing attention to US aircraft carriers in the region amid counter-warnings from Iran to Gulf states.
Read full article → Economy Plus(20 Aug) Global gold prices edged slightly lower with the ounce stabilizing near $4,393, as investors await the release of the US Federal Reserve's monetary policy meeting minutes to gauge the future pace of interest rates.
Read full article → Economy Plus(20 Aug) Transactions in the local dollar interbank market jumped to 9.4 trillion pounds in the first half of 2026, up from 6.1 trillion pounds in the same period a year earlier. The interbank market allows Egyptian banks to buy and sell dollars among themselves under CBE supervision to manage liquidity.
Read full article → Economy Plus(20 Aug) Markets are awaiting the Central Bank of Egypt's Monetary Policy Committee meeting today to determine the fate of interest rates, with expectations leaning towards maintaining current rates. This follows an acceleration in inflation during July and ongoing energy price movements amid continued geopolitical tensions.
Read full article → Economy Plus(20 Aug) The Egyptian Tax Authority aims to add the InstaPay network to its available payment methods in the future, according to Tax Authority Head Rasha Abdel Aal. The move is part of ongoing efforts to digitize tax services and facilitate payments for taxpayers.
Read full article → Economy Plus(20 Aug) UAE-based Parken signed memorandums of understanding with Madinet Masr, Mwasalat Masr, and Redcon Construction to explore cooperation in developing integrated parking and mobility solutions in the Egyptian market. The partnership will focus on smart parking, multi-story facilities, and technology-driven mobility services.
Read full article → Economy Plus(20 Aug) Global real estate research firm JLL expects about 1,277 new hotel rooms to enter the Cairo market by the end of 2026, with another 3,500 rooms slated for the following year. The forecast follows a 4% year-on-year growth in tourist arrivals to 9 million visitors in the first half of 2026.
Read full article → Economy Plus(20 Aug) Egypt and Qatar will launch the first round of negotiations for a Comprehensive Economic Partnership Agreement in October to enhance economic integration and boost bilateral trade and investment. The announcement was made during a preparatory meeting for the seventh session of the joint Egyptian-Qatar higher committee.
Read full article → Economy Plus(20 Aug) The government is moving to include a wider list of basic food items in the cash subsidy system, giving eligible families more freedom of choice to improve the efficiency of the support system. Prime Minister Moustafa Madbouly emphasized that the transition aims to enhance social justice and empower citizens to choose goods based on their actual needs.
Read full article → Economy Plus(20 Aug) The new cash subsidy system is scheduled to be implemented starting 1 January 2027, providing about 325 pounds per individual per month, according to Hisham El-Degwi, head of the grocery division at the Chamber of Commerce. A family of four will receive about 1,300 pounds monthly in cash instead of specific subsidized commodities like oil and sugar.
Read full article → Economy Plus(20 Aug) Prime Minister Moustafa Madbouly held a government meeting with Central Bank Governor Hassan Abdullah to discuss updates on drafting the national economic transition program. The program aims to reflect the state's economic priorities in the coming phase and ensure the integration of economic, financial, monetary, and sectoral policies.
Read full article → Economy Plus(20 Aug) Saudi Gold Refinery plans initial investments of $10 million for exploration in Egypt, with expectations to reach $200 million if it moves to gold production and manufacturing, according to CEO Sulaiman Al-Othaim. The company has applied for licenses to explore areas offered by the Egyptian government in the Eastern Desert.
Read full article → Economy Plus(20 Aug) The Micro, Small and Medium Enterprise Development Agency signed a new financing contract worth 250 million pounds with Aman Holding, a Raya Holding company. The agreement aims to provide funding for about 2,500 micro-projects, with a maximum financing limit of 292,000 pounds per project.
Read full article → Economy Plus(20 Aug) Saudi Aramco informed at least three European refineries that it will provide their full contracted crude oil volumes for September, easing supply concerns amid disruptions in the Arabian Gulf and Red Sea. Two buyers will receive shipments from the Sidi Kerir terminal in Egypt, while the third has the option to receive supplies from Sidi Kerir, Yanbu, or via ship-to-ship transfer off Malta.
Read full article → Economy Plus(20 Aug) The minutes of the US Federal Reserve's July meeting showed growing concerns among policymakers about inflation, with some expressing readiness to raise interest rates if price pressures do not moderate towards the 2% target. Some policymakers argued that price pressures remain broad-based and that the committee needs to adopt a more restrictive stance to ensure price stability.
Read full article → Economy Plus(20 Aug) US President Donald Trump delayed the imposition of new 50% tariffs on a wide range of Canadian goods by three days, just 90 minutes before they were due to take effect, as Washington and Ottawa reported significant progress in trade negotiations. The new tariffs were targeting Canadian imports worth nearly $20 billion, including wine, dairy products, cement, and clothing.
Read full article → Economy Plus(20 Aug) Spanish club Barcelona, led by star Lamine Yamal, won the friendly Juan Gamber Cup after defeating Egyptian club Al Ahly 2-1 last night. The historic match was held at the Spotify Camp Nou stadium.
Read full article → Economy Plus(20 Aug) Infrastructure projects led the growth of the construction sector in Saudi Arabia in July for the third consecutive month, supported by strong demand and improved corporate confidence. The shift in growth leadership from residential activity to infrastructure projects indicates a broadening of the recovery base within the sector.
Read full article → Economy Plus(20 Aug) Saudi Arabia has successfully raised 9.5 billion riyals from a recent sukuk issuance to support its fiscal budget and fund ongoing development projects.
Read full article → Economy Plus(20 Aug) Saudi Arabia has transferred 25% of the shares of the four major football clubs to the Public Investment Fund. The move is part of the kingdom's broader strategy to develop the sports sector and enhance investment in local clubs.
Read full article → Economy Plus