The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 | 7,675.70 | -0.42% |
| Dow Jones | 53,463.88 | +0.00% |
| Nasdaq | 26,130.20 | -0.76% |
| FTSE 100 | 10,878.12 | +1.25% |
| DAX | 26,285.96 | +0.75% |
| CAC 40 | 8,462.39 | +0.11% |
| Nikkei 225 | 66,324.61 | +0.47% |
| Hang Seng | 25,544.93 | -0.60% |
| Index | Level | Change |
|---|---|---|
| EGX 30 | 55,106.50 | -0.31% |
| Rate | Level |
|---|---|
| United States | |
| Fed funds target on hold | 3.50–3.75% |
| SOFR (overnight) | 3.66% |
| 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 | 50.17 | -1.36% |
| EUR / USD | 1.1659 | -0.25% |
| GBP / USD | 1.3590 | -0.39% |
| USD / JPY | 159.36 | +0.30% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD +0.82% · $/oz | ▲ $4,678.80 |
| WTI crude -3.73% · $/bbl | ▼ $81.84 |
| Brent crude -6.11% · $/bbl | ▼ $86.54 |
(27 Aug) China's industrial profits growth slowed to its weakest pace of the year in July amid soft demand and a broader economic contraction. The deceleration highlights the ongoing challenges facing manufacturers as the wider economic slowdown deepens.
Read full article → CNBC(27 Aug) The Bank of Korea raised borrowing costs for the second consecutive meeting to combat persistently elevated core inflation. The move aligns with market expectations as policymakers continue their tightening cycle to stabilize prices.
Read full article → CNBC(26 Aug) Currency and fixed-income investors are approaching the Jackson Hole symposium with heightened caution following recent market interventions. Strategists note that the political pressure on the Federal Reserve has left market participants reacting defensively to shifting policy signals.
Read full article → CNBC(26 Aug) Apple has scheduled its annual hardware showcase for early September, marking the first such event led by Chief Executive John Ternus. Industry analysts anticipate the unveiling of updated smartphones and wearables, alongside the company's inaugural folding device.
Read full article → CNBC(26 Aug) OpenAI has developed a proprietary artificial intelligence chip that outperformed existing industry systems in key inference-efficiency evaluations. The advancement signals a broader shift among major technology companies toward custom silicon, potentially pressuring the margins of dominant hardware suppliers.
Read full article → CNBC(26 Aug) Court filings reveal that a state-sponsored hacking collective based in China compromised networks across multiple critical United States sectors. The targeted infrastructure included federal agencies, hospitals, telecommunications providers, and defense contractors, underscoring escalating cyber threats.
Read full article → CNBC(26 Aug) Meta has reached a landmark settlement with a coalition of state attorneys general to resolve a federal trial regarding child safety. The agreement centers on allegations that the company misrepresented the extent of mental health harms associated with its platforms.
Read full article → CNBC(25 Aug) HP has agreed to license wireless networking technology from Huawei, marking a notable adoption of the Chinese firm's innovations outside its domestic market. The partnership proceeds despite ongoing United States restrictions that limit the company's access to American suppliers and software ecosystems.
Read full article → CNBC(26 Aug) Iran and Oman are reportedly nearing an agreement to ensure safe maritime transit and future administration of the Strait of Hormuz. However, Iranian officials claim that United States diplomatic pressure is obstructing the finalization of the deal for the vital economic artery.
Read full article → CNBC(26 Aug) Boston Scientific is currently managing a significant cyber incident that has disrupted its product shipping capabilities. The medical device manufacturer has not yet provided a timeline for the restoration of its operational services, prompting a decline in its equity.
Read full article → CNBCEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
[26 Aug 2026] Global Corp has halted all planned financing operations, including a 6 billion EGP sukuk issuance, following a crisis involving unauthorized consumer loans taken out by parents of its international school. The Financial Regulatory Authority imposed maximum penalties on the subsidiary, including a criminal referral and a one-month ban on new financing contracts. Consequently, a private placement managed by Aqar Capital for partial or full shareholder exit has also been stopped.
Read full article → Economy Plus[26 Aug 2026] The Egyptian Exchange remains classified as an emerging market after successful discussions with S&P Global Ratings. EGX Chairman Omar Radwan stated that the talks highlighted strong macroeconomic indicators, seamless foreign currency repatriation, and exchange rate flexibility. He noted that foreign investors quickly returned to the market following regional geopolitical tensions in March.
Read full article → Economy Plus[26 Aug 2026] The Egyptian Exchange is preparing to launch a centralized short selling mechanism for stocks within the next few weeks to boost market liquidity. EGX Chairman Omar Radwan said the system is currently being tested with support companies and will be managed by Misr for Central Clearing, Depository and Registry. The new framework aims to restructure existing stock borrowing practices to facilitate supply and demand.
Read full article → Economy Plus[26 Aug 2026] Future Care for Medical Industries intends to direct resources toward upgrading its factories and increasing production capacity for medical supplies. Chairman Ayman Bin Khalifa said the expansion will support the healthcare and pharmaceutical sectors while creating new job opportunities. The company aims to enhance its ability to meet domestic market demands.
Read full article → Economy Plus[26 Aug 2026] The Egyptian Tax Authority has standardized the departure fee for foreigners leaving the country at 100 EGP to simplify collection procedures. Head of the Authority Rasha Abdel Aal said the amendment to the financial resources development fee law aims to reduce bureaucracy and clarify treatment for both individuals and companies. The move is part of broader efforts to streamline existing fees.
Read full article → Economy Plus[26 Aug 2026] Italy's Eni plans to drill 30 exploratory and 200 development wells in Egypt to increase oil and gas production. CEO Claudio Descalzi announced the strategy during a meeting with President Abdel Fattah el-Sisi, noting the company's total investments in the country have reached 8.5 billion USD. The drilling program will focus on the Mediterranean and Western Desert using advanced seismic and AI technologies through 2027.
Read full article → Economy Plus[26 Aug 2026] President Abdel Fattah el-Sisi has directed the provision of necessary incentives to encourage partners to expand exploration and increase crude oil and natural gas production. During a meeting to review the energy sector, the Petroleum Minister announced plans to upgrade existing refineries through six projects requiring over 4 billion USD in investments. These upgrades aim to boost production, increase value added, and reduce the fuel import bill.
Read full article → Economy Plus[26 Aug 2026] Egypt and Saudi Arabia will officially operate their 3000 MW electricity interconnection project in September following the completion of technical tests. The 1.8 billion USD project will enhance grid stability and load management between the two countries. Additionally, Egypt targets operating a 3000 GW link with Greece by 2031 and is finalizing a consultant selection to upgrade its link with Jordan to 2000 MW.
Read full article → Economy Plus[26 Aug 2026] Russia's Rosatom is in advanced discussions with Egypt to add two new nuclear reactors to the El Dabaa nuclear power plant, bringing the potential total to six units. Rosatom Director General Alexey Likhachev said the two sides are currently reviewing the financial and economic model for the fifth and sixth units. The existing four units at the plant are currently under simultaneous construction.
Read full article → Economy Plus[26 Aug 2026] US-based Concentrix plans to invest around 1 billion USD to expand its operations in Egypt and create 16,000 new jobs. The company aims to increase its total workforce in the country to approximately 35,000 employees by 2028. Concentrix Egypt President Amr Sobhy said the investment will transition the company from traditional business services to providing high value-added technology and AI services.
Read full article → Economy Plus[26 Aug 2026] Sugar and Integrated Industries is studying a partnership with Italian firms Progegypt and Drexil to produce bioethanol from sugarcane bagasse. The proposed joint venture requires investments of approximately 278 million USD. The company will provide the land, raw materials, and necessary infrastructure, including natural gas connections and boiler modifications.
Read full article → Economy Plus[26 Aug 2026] The government has disbursed 15 billion EGP out of the total 16 billion EGP owed to sugarcane farmers for the 2026 season. Ala Naji, Managing Director of the Holding Company for Food Industries, confirmed the payments and stated that procedures to settle the remaining balance are ongoing. The disbursements were reported by local newspaper Al Mal.
Read full article → Economy Plus[26 Aug 2026] The Egyptian Exchange's main EGX30 index edged up 0.2% to close at 55,277.03 points on Tuesday, while the EGX70 and EGX100 indices fell 1.27% and 0.95%, respectively. The overall market capitalization lost about 3 billion EGP, declining to 4.272 trillion EGP from 4.275 trillion EGP in the previous session. Trading activity saw net selling of 60 million USD by Arab and foreign investors in the secondary debt market.
Read full article → Economy Plus[26 Aug 2026] The US dollar fell 40 qirsh in bank transactions to trade at 50.35 EGP for buying and 50.49 EGP for selling. Meanwhile, the Central Bank of Egypt withdrew 20.55 billion EGP in excess liquidity from six banks through its weekly fixed-return deposit auction at an interest rate of 19.5%. The weekly deposit is an open market tool used to absorb excess banking liquidity and curb inflationary pressures.
Read full article → Economy Plus[26 Aug 2026] Egypt has started a trial phase for a biometric facial recognition system required for contracting new mobile phone lines. Ahmed Badawi, head of the Communications and IT committee in the House of Representatives, said the operational trials began this week in select branches. The system is scheduled for nationwide rollout across all mobile operator branches starting in September.
Read full article → Economy Plus[26 Aug 2026] Baker Wai is looking to expand by establishing a new factory for French baked goods in the coming period. Chairman Abdel Rahman Anan El-Din told Al Mal that the company is studying locations in either the Sixth of October industrial zone or the Thousand Factories zone in Third Settlement. The move aims to increase the company's production capacity.
Read full article → Economy Plus[26 Aug 2026] Gadwa Development Industrial Group has reduced its stake in Universal Packaging and Paper Industries, known as Unipac, to 17.79% from 18.45%. Unipac disclosed in a bourse filing that Gadwa sold 15 million shares for a total value of approximately 5.58 million EGP. The transaction was executed on Tuesday.
Read full article → Economy Plus[26 Aug 2026] Financial Regulatory Authority Chairman Islam Azam directed the Egyptian Motor Insurance Bureau to expedite compensation payouts for victims of a fatal three-vehicle collision on the Dabaa axis in Matrouh. The accident resulted in nine deaths, with compensation set at 100,000 EGP per deceased person. Injury compensation will be determined based on the disability percentage assessed by the medical commission.
Read full article → Economy Plus[26 Aug 2026] Saudi Arabia's trade surplus declined by 10% year-on-year in June 2026 to reach approximately 17.3 billion riyals, down from 19.2 billion riyals in the same month last year. On a monthly basis, the surplus fell by 20.8% from 21.86 billion riyals in May 2025. The drop was driven by lower oil exports and weaker non-oil exports amid regional geopolitical tensions.
Read full article → Economy Plus[26 Aug 2026] CI Capital expects the pace of demand for expatriate labor in Saudi Arabia to slow down this year due to potential geopolitical tensions following the US-Iran conflict. The brokerage noted that these tensions could lead to spending cuts and project delays in the construction sector, thereby limiting hiring. Despite this, the number of expatriate workers in the kingdom rose by 2.3% on a quarterly basis.
Read full article → Economy Plus[26 Aug 2026] The United States imposed sanctions on several Iraqi banks accused of dealing with Tehran, while avoiding measures that would devastate the economy of its strategic ally. US Treasury Secretary Scott Bessent announced an economic offensive against Iran, warning that its trading partners would be targeted. The move highlights how the US plans to enforce threats of excluding countries trading with Iran from the dollar-based financial system.
Read full article → Economy Plus[26 Aug 2026] Canada announced retaliatory tariffs on approximately 20 billion USD of US imports in response to 50% tariffs imposed by US President Donald Trump. Ottawa stated the new duties follow a dollar-for-dollar principle and cover more than 700 American products, with rates ranging from 15% to 50%. The measures were implemented after trade negotiations between the two countries collapsed.
Read full article → Economy Plus