The structural picture behind today’s tape — pick an indicator to see its five-year path.
| Index | Level | Change |
|---|---|---|
| S&P 500 | 7,711.76 | +0.49% |
| Dow Jones | 53,559.99 | +0.53% |
| Nasdaq | 26,402.42 | +0.85% |
| FTSE 100 | 10,824.26 | +0.07% |
| DAX | 26,569.99 | +1.66% |
| CAC 40 | 8,401.18 | -0.61% |
| Nikkei 225 | 66,405.56 | +1.34% |
| Hang Seng | 25,584.79 | -1.63% |
| 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 | 1.1587 | -0.81% |
| GBP / USD | 1.3537 | -0.86% |
| USD / JPY | 160.04 | +0.71% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD -2.39% · $/oz | ▼ $4,529.90 |
| WTI crude -1.89% · $/bbl | ▼ $83.40 |
| Brent crude -4.42% · $/bbl | ▼ $88.10 |
(28 Aug) Federal Reserve Chairman Kevin Warsh used his Jackson Hole address to outline a clearer case for higher interest rates, moving to steady markets after recent volatility. He emphasized ongoing concerns regarding the overall inflation trend, suggesting the central bank may need to maintain a restrictive stance.
Read full article → CNBC(28 Aug) The United States has reached an agreement with Venezuela to secure majority control of the country's vast oil reserves, according to a social media announcement by President Trump. The deal aims to significantly expand American access to global crude supplies amid ongoing geopolitical energy shifts.
Read full article → CNBC(28 Aug) The U.S. Treasury Department sanctioned the United Arab Emirates branch of Banque Misr for processing significant capital on behalf of companies linked to Iran's shadow banking network. The action targets financial conduits that have facilitated transactions over the past two years, tightening enforcement on illicit trade flows.
Read full article → CNBC(28 Aug) Corn and wheat futures have surged to their highest levels in several years, driven by distinct market fundamentals for each crop. The rallies reflect tightening supply conditions and shifting agricultural dynamics, putting upward pressure on global food commodity benchmarks.
Read full article → CNBC(28 Aug) Marvell Technology shares fell following the release of its second-quarter earnings, as the company's fiscal outlook failed to meet investor expectations. The decline occurred despite the semiconductor firm reporting a substantial beat on revenue for the period.
Read full article → CNBC(28 Aug) Wealthy Chinese nationals are reconsidering Singapore as a base for their assets, reversing a previous trend of capital flight from the city-state. Increased scrutiny of offshore wealth by Beijing and shifting geopolitical risks have made alternative jurisdictions less attractive for these investors.
Read full article → CNBC(28 Aug) The chief executive of Affirm warned that elevated fuel costs are increasingly burdening American consumers and impacting their spending habits. The buy now, pay later lender noted that national gasoline prices have remained persistently high, squeezing household budgets.
Read full article → CNBC(28 Aug) Russian military operations have escalated in the Donetsk region, with Moscow claiming advances toward key Ukrainian cities as fighting intensifies. Concurrently, Kyiv is welcoming renewed efforts from the European Union to unlock and redirect frozen assets to support its defense.
Read full article → CNBC(28 Aug) The White House has intensified its rhetorical stance toward Beijing even as American and Chinese officials held preliminary meetings to prepare for President Xi's upcoming visit to Washington. The diplomatic engagement proceeds despite the administration's continued tough talk on trade and bilateral relations.
Read full article → CNBC(28 Aug) The U.S. Food and Drug Administration has approved a new daily oral treatment from Gilead Sciences aimed at simplifying HIV management for certain patients. The medication is specifically targeted at individuals currently stable on existing single-tablet regimens who wish to transition to an alternative therapy.
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 unified the departure fee for foreigners leaving the country at 100 EGP. The regulatory step aims to simplify collection procedures and reduce bureaucracy for both companies and individuals.
Read full article → Economy Plus(26 Aug) Italy's Eni plans to drill 30 exploratory and 200 development wells in Egypt to increase oil and gas production. The company's total investments in the country have reached $8.5 billion, with drilling intensifying in the Mediterranean and Western Desert in 2026 and 2027.
Read full article → Economy Plus(26 Aug) Egypt and Saudi Arabia will officially operate their 3,000 MW electricity interconnection project in September. 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 talks with the Egyptian government to add two new nuclear units to the El Dabaa plant, bringing the potential total to six units. The two sides are currently discussing the financial and economic model for the fifth and sixth units.
Read full article → Economy Plus(26 Aug) US-based Concentrix plans to invest approximately $1 billion to expand its operations in Egypt and create 16,000 new jobs. The company aims to increase its total workforce in the country to around 35,000 employees by 2028.
Read full article → Economy Plus(26 Aug) Sugar and Integrated Industries is studying a joint venture with Italian companies Progegypt and Draxel to produce bioethanol from sugarcane bagasse. The proposed project requires investments of approximately $278 million.
Read full article → Economy Plus(26 Aug) The government has disbursed 15 billion EGP out of the total 16 billion EGP owed to sugarcane farmers for the 2026 season. Procedures to pay 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 crisis involving unauthorized loans totaling 319 million EGP taken by parents of its international school. The Financial Regulatory Authority has filed a criminal case against the company's consumer finance arm and banned it from issuing new financing contracts for one month.
Read full article → Economy Plus(26 Aug) Egyptian Exchange Chairman Omar Radwan said successful discussions with S&P Global Ratings resulted in retaining Egypt's emerging market classification. The talks highlighted strong macroeconomic indicators, the absence of issues with foreign profit repatriation, and flexible exchange rate mechanisms.
Read full article → Economy Plus(26 Aug) The Egyptian Exchange is preparing to activate the short selling mechanism for stocks within the next few weeks. The new system will be centrally managed by Misr for Central Clearing, Depository and Registry to facilitate supply and demand operations.
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 supplies. The expansion aims to support the healthcare and pharmaceutical sectors and create new job opportunities.
Read full article → Economy Plus(26 Aug) President Abdel Fattah El-Sisi directed the provision of necessary incentives to encourage partners to expand exploration and increase crude oil and natural gas production. Meanwhile, the petroleum minister announced that plans to develop existing oil refineries include six projects with total investments exceeding $4 billion.
Read full article → Economy Plus(26 Aug) Egypt aims to operate a 3,000 MW electricity interconnection project with Greece by 2031, with the source also noting a capacity of 3,000 GW. The Greek developer Copelouzos group plans to tender the execution in early 2028.
Read full article → Economy Plus(26 Aug) Egypt will finalize the selection of a consultant within two months to upgrade its electricity interconnection 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) Baker Wye is expanding by establishing a new factory for French baked goods in the coming period. The company is studying locations in either the Sixth of October industrial zone or the Thousand Factories zone in Third Settlement.
Read full article → Economy Plus(26 Aug) Gadwa Development Industrial Group has reduced its stake in Universal Packaging and Paper Industries (Unipack) to 17.79% from 18.45%. The company sold 15 million Unipack shares for a total value of approximately 5.58 million EGP.
Read full article → Economy Plus(26 Aug) Financial Regulatory Authority Chairman Islam Azzam directed the Egyptian Motor Insurance Bureau to expedite compensation payouts for the victims of a recent traffic accident in Matrouh that killed nine people. The compensation is set at 100,000 EGP for each death, with injury compensation determined based on the disability percentage.
Read full article → Economy Plus(26 Aug) Saudi Arabia's trade surplus fell 10% year-on-year in June to 17.3 billion riyals, down from 19.2 billion riyals in the same month last year. On a monthly basis, the surplus decreased by 20.8% from 21.86 billion riyals in May.
Read full article → Economy Plus(26 Aug) CI Capital expects a slowdown in demand for expatriate labor in Saudi Arabia this year due to potential geopolitical tensions affecting 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 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 attack on Iran through sanctions, 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% tariffs imposed by US President Donald Trump. The new Canadian duties apply a dollar-for-dollar principle and cover more than 700 US goods, ranging from 15% to 50%.
Read full article → Economy Plus(26 Aug) Gold prices in Egypt fell slightly by 30 to 35 EGP, with 24-karat gold at 7,508 EGP for buying and 21-karat gold at 6,570 EGP for buying. The global ounce remained stable around $4,640, while the dollar ended at 50.75 EGP for buying and 50.89 EGP for selling at the Central Bank of Egypt.
Read full article → Economy Plus(26 Aug) Egypt has started the trial phase for a facial biometric system, making it a mandatory requirement for contracting new mobile SIM cards. The operational trials began this week in select branches, with a nationwide rollout across all telecom company branches scheduled for September.
Read full article → Economy Plus(26 Aug) Thursday has been declared an official paid holiday on the occasion of the Prophet's Birthday, replacing the previous Tuesday, August 25. The holiday applies to employees in ministries, government agencies, public sector companies, the Egyptian Exchange, and the private sector.
Read full article → Economy Plus