The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 | 7,730.99 | +1.18% |
| Dow Jones | 53,569.44 | +1.54% |
| Nasdaq | 26,541.35 | +1.82% |
| FTSE 100 | 10,792.54 | +0.41% |
| DAX | 26,367.24 | +1.48% |
| CAC 40 | 8,319.87 | -1.94% |
| Nikkei 225 | 66,622.12 | +1.67% |
| Hang Seng | 25,684.89 | -1.25% |
| 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) | 3.64% |
| 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 | 50.20 | -1.32% |
| EUR / USD | 1.1650 | -0.27% |
| GBP / USD | 1.3589 | -0.48% |
| USD / JPY | 159.48 | +0.37% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD -0.12% · $/oz | ▼ $4,635.30 |
| WTI crude -2.26% · $/bbl | ▼ $83.09 |
| Brent crude -4.32% · $/bbl | ▼ $88.19 |
(28 Aug) U.S. and Chinese officials held meetings in Beijing this week to prepare for an upcoming visit by the Chinese president to Washington. The diplomatic talks proceed despite increasingly tough rhetoric from the White House regarding trade and geopolitical competition.
Read full article → CNBC(27 Aug) The U.S. government is reportedly evaluating new tariffs on semiconductors as domestic technology companies race to build out artificial intelligence infrastructure. The potential trade measures aim to maintain American dominance in the sector amid intensifying global competition.
Read full article → CNBC(27 Aug) Federal Reserve Chairman Kevin Warsh is scheduled to deliver his keynote address at the Jackson Hole economic symposium this Friday. Market participants are looking to the speech for clarity on the central bank's broad policy framework and future monetary intentions.
Read full article → CNBC(28 Aug) A federal judge has blocked the Defense Department from enforcing a blacklist that barred the U.S. military from utilizing Anthropic's artificial intelligence systems. The ruling temporarily halts the supply chain risk designation imposed on the company earlier this year.
Read full article → CNBC(27 Aug) Nvidia is optimizing its hardware to support open artificial intelligence models developed in China, including those from DeepSeek and Qwen. The chipmaker simultaneously warned that potential U.S. restrictions on Chinese-origin models could negatively impact its business operations.
Read full article → CNBC(28 Aug) Iran has stated that the reopening of the Strait of Hormuz is contingent upon the end of the conflict in Gaza, an Israeli withdrawal from Lebanon, and a halt to attacks on Syria. These conditions emerge as the U.S. reportedly rejects a return to previous diplomatic frameworks.
Read full article → CNBC(27 Aug) Salesforce shares surged following a strong second-quarter earnings beat and the announcement of an expanded artificial intelligence partnership with Anthropic. The robust financial results and strategic collaborations propelled the company to lead a broader rally in the software sector.
Read full article → CNBC(27 Aug) Cybersecurity firms CrowdStrike and Okta reported strong earnings as corporate adoption of artificial intelligence drives increased spending on digital protection. The positive financial updates triggered significant share price gains for both companies, highlighting robust demand for advanced security tools.
Read full article → CNBC(27 Aug) Wealthy Chinese individuals are reconsidering Singapore as a primary destination for offshore wealth management. Increased scrutiny from Beijing and shifting geopolitical risks have made alternative financial hubs less attractive for these high-net-worth clients.
Read full article → CNBC(27 Aug) The United States and Russia are actively competing to secure a larger share of India's rapidly expanding energy market. Both nations are leveraging diplomatic and commercial strategies to assert dominance in the world's third-largest energy sector.
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 pounds. 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 exploratory and 200 development wells in Egypt to boost oil and gas production. The company's total investments in the country have reached 8.5 billion dollars.
Read full article → Economy Plus(26 Aug) Egypt and Saudi Arabia will officially operationalize their 3,000 MW electricity interconnection project in September. The 1.8 billion dollar 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 Egypt to add two new nuclear reactors to the El Dabaa plant, bringing the potential total to six units. The two sides are currently evaluating the financial and economic model for the expansion.
Read full article → Economy Plus(26 Aug) US-based Concentrix plans to invest 1 billion dollars to expand its operations in Egypt and create 16,000 new jobs. The company aims to increase its local workforce to approximately 35,000 employees by 2028.
Read full article → Economy Plus(26 Aug) Sugar and Integrated Industries is evaluating a joint venture with Italian firms Progres Egypt and Drexil to produce bioethanol from sugarcane bagasse. The proposed project requires an estimated investment of 278 million dollars.
Read full article → Economy Plus(26 Aug) The government has paid 15 billion pounds of the approximately 16 billion pounds 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, including a 6 billion pound 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, while the EBRD halted a 20 million dollar financing facility and acquisition talks valued at 200 million dollars have stalled.
Read full article → Economy Plus(26 Aug) The Egyptian Exchange is preparing to activate its short selling mechanism for stocks in the coming weeks to boost market liquidity. The new centralized system will be managed by Egypt for Clearing, Settlement, and Central Depository.
Read full article → Economy Plus(26 Aug) Future Care for Medical Industries plans to direct resources toward upgrading its factories and increasing production capacity for medical products. The expansion aims to meet domestic market demand and support the local 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 increase crude oil and natural gas production. The petroleum minister noted that plans to upgrade existing oil refineries involve six projects requiring over 4 billion dollars in investments.
Read full article → Economy Plus(26 Aug) Egypt aims to operationalize a 3,000 gigawatts electricity interconnection with Greece by 2031, pending the completion of environmental studies and cable route surveys by May 2028. The project's execution is contingent on securing financing and final approvals, with tenders expected in early 2028.
Read full article → Economy Plus(26 Aug) Egypt will select a consultant within two months to study raising its electricity interconnection capacity with Jordan to 2,000 MW. The feasibility study is expected to take eight months, with two proposals currently under review by the electricity ministry.
Read full article → Economy Plus(26 Aug) The main EGX30 index gained 0.2% to close at 55,277.03 points, while the EGX70 and EGX100 indices fell 1.27% and 0.95%, respectively. The overall market capitalization lost 3 billion pounds to settle at 4.272 trillion pounds.
Read full article → Economy Plus(26 Aug) The Central Bank of Egypt absorbed 20.55 billion pounds of excess liquidity from six banks through its weekly fixed-yield deposit auction. The one-week deposit was issued at an interest rate of 19.5%.
Read full article → Economy Plus(26 Aug) Egypt has started a trial phase for using facial biometric data as a mandatory requirement for contracting new mobile SIM cards. The system is expected to be rolled out across all mobile operator branches nationwide by September.
Read full article → Economy Plus(26 Aug) Baker Wye 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 city or the 1000 Factories area in the Third Settlement.
Read full article → Economy Plus(26 Aug) Gadwa Development Industrial has lowered its shareholding in Universal Packaging and Paper Industries to 17.79% from 18.45%. The reduction follows the sale of 15 million shares totaling approximately 5.58 million pounds.
Read full article → Economy Plus(26 Aug) The Financial Regulatory Authority has instructed the Egyptian Motor Insurance Bureau to expedite compensation payments for the victims of a recent traffic accident on the Dabaa axis. Compensation is set at 100,000 pounds per fatality, with injury payouts determined by medical assessment.
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 its lowest level in five months. The decline was driven by lower oil exports and weaker non-oil shipments amid regional geopolitical tensions.
Read full article → Economy Plus(26 Aug) CI Capital forecasts a deceleration in demand for expatriate workers in Saudi Arabia this year due to the potential impact of geopolitical tensions on the construction sector. The number of expatriate workers in the kingdom rose 2.3% quarter-on-quarter.
Read full article → Economy Plus(26 Aug) The United States has imposed sanctions on several Iraqi banks accused of transacting with Tehran, while avoiding measures that would severely damage the allied country'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 has announced retaliatory tariffs on approximately 20 billion dollars of US imports in response to 50% duties imposed by US President Donald Trump. The new Canadian levies apply a dollar-for-dollar principle to over 700 American products, with rates ranging from 15% to 50%.
Read full article → Economy Plus