The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 | 7,677.28 | -0.19% |
| Dow Jones | 53,577.40 | +0.44% |
| Nasdaq | 26,151.30 | -0.53% |
| FTSE 100 | 10,886.16 | +1.47% |
| DAX | 26,266.14 | +0.53% |
| CAC 40 | 8,439.20 | -0.74% |
| Nikkei 225 | 66,226.54 | +0.01% |
| Hang Seng | 25,685.40 | +0.75% |
| Index | Level | Change |
|---|---|---|
| EGX 30 | 55,277.00 | +0.20% |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.65% |
| 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 | 50.38 | -0.48% |
| EUR / USD | 1.1667 | -0.06% |
| GBP / USD | 1.3636 | +0.26% |
| USD / JPY | 158.97 | +0.44% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD +1.62% · $/oz | ▲ $4,699.00 |
| WTI crude -7.76% · $/bbl | ▼ $80.30 |
| Brent crude -9.73% · $/bbl | ▼ $85.21 |
(25 Aug) Canadian trade negotiators have introduced retaliatory tariffs on a wide array of United States exports following the collapse of bilateral trade talks. The move escalates commercial tensions after Ottawa failed to secure an agreement to halt the implementation of new American duties.
Read full article → CNBC(26 Aug) The proposed nuclear agreement with Saudi Arabia has been submitted to Congress, prompting criticism from nonproliferation advocates and some lawmakers. Detractors argue the pact lacks a permanent prohibition on uranium enrichment and reprocessing, raising concerns about regional proliferation risks.
Read full article → CNBC(26 Aug) Crude oil prices retreated as investors reassessed the geopolitical risk premium following a shift in United States strategy toward Tehran. Markets are pricing in a reliance on economic sanctions rather than military action to compel Iranian compliance, easing immediate supply disruption fears.
Read full article → CNBC(25 Aug) Beijing continues to rely on the United States dollar for global trade while simultaneously developing alternative financial infrastructure to mitigate sanction risks. The expansion of the Cross-Border Interbank Payment System highlights efforts to insulate Chinese banks from potential Washington penalties related to Iran.
Read full article → CNBC(26 Aug) HP has entered a licensing agreement to utilize Huawei wireless technology, signaling continued adoption of the Chinese firm's innovations outside its domestic market. This partnership occurs despite ongoing United States restrictions that generally prevent blacklisted entities from collaborating with American suppliers.
Read full article → CNBC(25 Aug) Nvidia faces scrutiny over its heavy reliance on a concentrated group of hyperscale cloud providers as it reports its latest financial results. The chipmaker is attempting to broaden its customer base by introducing new financing mechanisms to facilitate the purchase of its advanced computing systems.
Read full article → CNBC(25 Aug) Prominent investors, led by Stanley Druckenmiller, are expressing skepticism regarding the Treasury Department's recent interventions in the bond market. These maneuvers have produced only a modest decline in yields, drawing criticism from market participants who doubt their long-term efficacy.
Read full article → CNBC(25 Aug) India has secured substantial foreign currency inflows over an eleven-week period, largely driven by special bank deposits from non-resident citizens. These funds are providing crucial support to the local currency and bolstering the country's external reserves amid global volatility.
Read full article → CNBC(25 Aug) The Securities and Exchange Commission has issued subpoenas to major Wall Street banks seeking details on trades and financing linked to the AI-focused hedge fund Situational Awareness. The regulatory action follows the near collapse of the fund, prompting scrutiny of the financial institutions that supported its operations.
Read full article → CNBC(25 Aug) OpenAI has parted ways with its head of data centers, marking another senior leadership departure as the artificial intelligence company scales its operations. A company spokesperson attributed the change to a recent reorganization of the infrastructure division designed to support the pace of its expansion.
Read full article → CNBCEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(26 Aug) The Egyptian Tax Authority has standardized the departure fee for foreigners leaving the country at 100 EGP. The move aims to simplify collection procedures and reduce bureaucracy for travelers.
Read full article → Economy Plus(26 Aug) Italy's Eni intends to drill 30 exploration and 200 development wells in Egypt to increase oil and gas output. The company's total investments in the country have reached $8.5 billion, with drilling set to intensify in 2026 and 2027.
Read full article → Economy Plus(26 Aug) Egypt and Saudi Arabia will officially operationalize their 3,000 MW electricity interconnection project next month. The $1.8 billion project will enhance grid stability and improve load management between the two countries.
Read full article → Economy Plus(26 Aug) Russia's Rosatom is in advanced discussions with the Egyptian government to add two new nuclear reactors to the Dabaa nuclear power plant. The expansion would bring the total number of potential units at the facility to six.
Read full article → Economy Plus(26 Aug) US outsourcing firm Concentrix plans to invest $1 billion to expand its business in Egypt and create 16,000 new jobs. The company aims to increase its local workforce to 35,000 employees by 2028.
Read full article → Economy Plus(26 Aug) The company is exploring a joint venture with Italian firms Progegypt and Drexil to produce bioethanol from sugarcane bagasse. The proposed project requires an estimated investment of $278 million.
Read full article → Economy Plus(26 Aug) The government has paid 15 billion EGP of the estimated 16 billion EGP owed to sugarcane farmers for the 2026 season. Payments for the remaining balance are ongoing.
Read full article → Economy Plus(26 Aug) Global Corp has suspended all planned financing operations, including a nearly 6 billion EGP sukuk issuance, following a scandal involving unauthorized consumer loans taken out in the names of parents at its Global International School. The Financial Regulatory Authority has filed criminal charges against the affiliated consumer finance company and banned it from issuing new loans for a month.
Read full article → Economy Plus(26 Aug) Egyptian Exchange head Omar Radwan confirmed that successful discussions with S&P Global Ratings have secured Egypt's continued classification as an emerging market. The talks highlighted the stability of foreign investor profit repatriation and the flexibility of the exchange rate in absorbing regional shocks.
Read full article → Economy Plus(26 Aug) The Egyptian Exchange is preparing to launch its short selling mechanism for stocks within the next few weeks to boost market liquidity. The new centralized system will be managed by Misr for Central Clearing, Depository and Registry.
Read full article → Economy Plus(26 Aug) Future Care for Medical Industries will direct resources toward upgrading its factories and increasing production capacity for medical supplies. The expansion aims to meet market demand and support the domestic healthcare and pharmaceutical sectors.
Read full article → Economy Plus(26 Aug) President Abdel Fattah al-Sisi has directed the provision of necessary incentives to encourage partners to expand exploration and development activities. The move aims to achieve a tangible increase in crude oil and natural gas production.
Read full article → Economy Plus(26 Aug) The Ministry of Petroleum plans to implement six projects to upgrade and maximize the utilization of existing oil refineries. The investments exceed $4 billion and aim to increase production, add value, and reduce the fuel import bill.
Read full article → Economy Plus(26 Aug) Egypt aims to operationalize a 3,000 MW electricity interconnection with Greece by 2031, following the completion of a financial and economic assessment by Greek firm GeoTech. Environmental studies and seabed cable routing are expected to be finalized by May 2028.
Read full article → Economy Plus(26 Aug) Egypt expects to select a consultant within two months to study upgrading its electricity interconnection with Jordan to 2,000 MW. The feasibility study will take eight months to complete.
Read full article → Economy Plus(26 Aug) The EGX30 index edged up 0.2% to close at 55,277.03 points, while the EGX70 and EGX100 indices declined. The overall market capitalization lost 3 billion EGP to settle at 4.272 trillion EGP.
Read full article → Economy Plus(26 Aug) The Central Bank of Egypt absorbed 20.55 billion EGP of surplus liquidity from six banks through its weekly fixed-return deposit auction. The one-week deposit was issued at an interest rate of 19.5%.
Read full article → Economy Plus(26 Aug) A trial phase for using facial biometric recognition as a mandatory requirement for contracting new mobile SIM cards has started in select branches. The system is scheduled to be rolled out across all telecommunications company branches nationwide starting next month.
Read full article → Economy Plus(26 Aug) Baker Wae is looking to expand by establishing a new factory for French baked goods. The company is currently studying locations in either the Sixth of October industrial zone or the Thousand Factories zone in New Cairo.
Read full article → Economy Plus(26 Aug) Gedo Development Industrial has lowered its holding in Universal Packaging and Paper Industries (Unipack) to 17.79% from 18.45%. The reduction followed the sale of 15 million shares for a total value of 5.58 million EGP.
Read full article → Economy Plus(26 Aug) Financial Regulatory Authority head Islam Azzam offered condolences for the victims of a fatal three-vehicle collision on the Dabaa axis in Matrouh. He directed the Egyptian Motor Insurance Bureau to expedite compensation payouts, set at 100,000 EGP per fatality.
Read full article → Economy Plus(26 Aug) Saudi Arabia's trade surplus fell 10% year-on-year in June to 17.3 billion riyals, marking the lowest level in five months. The decline was driven by lower oil exports and weaker non-oil shipments.
Read full article → Economy Plus(26 Aug) CI Capital forecasts a deceleration in demand for expatriate workers in Saudi Arabia this year due to geopolitical tensions and potential spending cuts. The brokerage noted a 2.3% quarter-on-quarter increase in the kingdom's expatriate workforce.
Read full article → Economy Plus(26 Aug) The United States imposed sanctions on several Iraqi banks accused of dealing with Tehran, while stopping short of measures that would devastate the ally's economy. US Treasury Secretary Scott Bessent announced an economic offensive against Iran, warning that its trading partners would be targeted.
Read full article → Economy Plus(26 Aug) Canada announced retaliatory tariffs on approximately $20 billion worth of US imports in response to 50% duties imposed by US President Donald Trump. The new levies apply a dollar-for-dollar principle to over 700 American products, with rates ranging from 15% to 50%.
Read full article → Economy Plus