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 | 1.3534 | -0.88% |
| USD / JPY | 160.04 | +0.71% |
| Commodity | Price |
|---|---|
| Gold · XAU/USD -2.33% · $/oz | ▼ $4,529.90 |
| WTI crude +1.26% · $/bbl | ▲ $83.40 |
| Brent crude -0.54% · $/bbl | ▼ $88.10 |
(29 Aug) Iranian officials report that sanctions are significantly impacting both imports and exports. In response, the supreme leader is directing the country to reduce its dependence on the U.S. dollar for international trade.
Read full article → CNBC(29 Aug) The prevailing consensus among economists regarding a K-shaped post-pandemic recovery has fractured. Analysts are now debating whether the current economic trajectory more closely resembles a C or E shape.
Read full article → CNBC(29 Aug) Meta has reached a landmark settlement regarding online child safety and is now urging competitors to adopt similar protections. Industry observers note this move is designed to ensure rival platforms face the same regulatory standards.
Read full article → CNBC(29 Aug) OpenAI will terminate model access for the coding startup Cursor following its acquisition by SpaceX. The decision stems from strategic concerns arising from the integration of the coding tool into the aerospace and technology conglomerate.
Read full article → CNBC(29 Aug) The Ninth U.S. Circuit Court of Appeals has determined that sports-related event contracts do not qualify as swaps. This ruling conflicts with a previous decision by the Third Circuit, setting the stage for a likely Supreme Court review.
Read full article → CNBCEgypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.
(30 Aug) The Central Bank of Egypt stated that proposed US regulatory actions against Bank of Egypt's UAE branch are limited to its US dollar correspondent transactions and do not extend to the domestic banking sector. Bank of Egypt noted the measure is not yet final, while the UAE Central Bank launched an urgent inspection of the branch's transactions. The US Treasury accused the UAE unit of processing nearly $1.8 billion in transactions linked to Iranian networks between January 2024 and June 2026.
Read full article → Economy Plus(30 Aug) Net profits at 13 listed Egyptian banks rose 20% year-on-year in the first half of 2026 to 97.06 billion pounds, up from 80.84 billion pounds a year earlier. The growth was driven by sustained high interest rates, increased lending activity, and high yields on government debt investments.
Read full article → Economy Plus(30 Aug) The Finance Ministry sold stakes in state-owned companies totaling 5.5 billion pounds, or 109.6 million dollars, between January and August 2026. The transactions included 1.55 billion pounds from Alexandria Containers, 1.63 billion pounds from Abu Qir Fertilizers, and 1.57 billion pounds from MOPCO, alongside smaller stakes in Amoc, Valmor Holding, and Sidi Kerir Petrochemicals.
Read full article → Economy Plus(30 Aug) The Planning Ministry announced the final settlement of the National Media Authority's debt to the National Investment Bank at 88.3 billion pounds, following the cancellation of 51.4 billion pounds in accumulated interest and penalties. As part of the agreement, the authority will transfer 44 unused land and building assets valued at 18.06 billion pounds to the bank, with no new penalties calculated from July 1, 2026.
Read full article → Economy Plus(30 Aug) The International Finance Corporation plans to provide up to $100 million for the 900-megawatt Shadwan wind power project developed by Norway's Scatec. The total investment for the project is around $700 million, with the remaining $560 million expected from co-lenders, under a 25-year power purchase agreement with the Egyptian Electricity Transmission Company.
Read full article → Economy Plus(30 Aug) Gas producer Energean is in exclusive negotiations to acquire some of BP's exploration and production assets in Egypt in a deal that could yield around $1 billion for the British company. The assets include BP's stakes in the producing West Nile Delta fields, jointly owned with Harbour Energy, and its 50% share in the Tamsah concession in the eastern Mediterranean. BP produced 518 million cubic feet of natural gas per day from its Egyptian operations last year.
Read full article → Economy Plus(30 Aug) Egyptian construction firm Petrojet secured a contract worth around $22.7 million to supply natural gas to the Muwaqqar developmental industrial zone south of Amman. The project aligns with the Petroleum Ministry's strategy to support the regional expansion of Egyptian petroleum sector companies.
Read full article → Economy Plus(21 Aug) The Egyptian Commercial Representation discussed proposed textile and furnishing investment projects in Egypt valued at around $230 million with major Chinese companies. The talks took place on the sidelines of the 2026 Binzhou International Home Textile Cooperation Conference in Shandong province.
Read full article → Economy Plus(30 Aug) New Chinese investments in Egypt are estimated between $2 billion and $2.5 billion from the start of the year through the end of August. The investments span multiple sectors including automotive, textiles, home appliances, renewable energy, water purification, and artificial intelligence.
Read full article → Economy Plus(30 Aug) Orascom Investment Holding plans to compete for the management of several Egyptian airports by forming an alliance with an unnamed global airport operator. Chief Executive Marwan Hussein stated the company is excluding Hurghada airport from its bids and intends to invest around $10 million in its subsidiaries during 2026.
Read full article → Economy Plus(30 Aug) The Financial Regulatory Authority amended insurance brokerage rules, canceling the requirement for companies to open at least two branches within three years of starting operations. The regulator also banned consulting insurance experts from holding executive management roles in brokerage firms to ensure role separation.
Read full article → Economy Plus(30 Aug) Insurance companies in Egypt paid 28.426 billion pounds in client claims during the first half of 2026, down 1.7% from 28.921 billion pounds in the same period of 2025. Commercial insurance payouts fell 2.8% to 25.014 billion pounds, while Takaful insurance claims rose 7.3% to 3.412 billion pounds.
Read full article → Economy Plus(30 Aug) The EGX30 index fell 0.31% to close at 55,106 points last Wednesday, driven by 322.7 million pounds in net selling by Arab and foreign investors. Meanwhile, the dollar declined 1% against the pound to 50.14 pounds for buying and 50.28 pounds for selling, as Arab and foreign investors recorded $577 million in net selling in the secondary government debt market.
Read full article → Economy Plus(30 Aug) The Agriculture and Petroleum ministries denied reports that the annual quota for subsidized fertilizers supplied to the Agriculture Ministry would be reduced from 37% to 30% of total production. The ministries confirmed the annual quota remains fixed at 2.4 million tons with no changes or reductions planned.
Read full article → Economy Plus(30 Aug) Shipping data shows two ships are scheduled to dock in France in the coming days to load around 30,000 tons of wheat each for Egypt. The move indicates a shift in demand away from Russia and Ukraine, which supplied over 80% of Egypt's wheat imports in the first half of 2026, due to disruptions in the Black Sea.
Read full article → Economy Plus(30 Aug) President Abdel Fattah al-Sisi has placed the compliance of real estate developers with their contractual delivery dates under direct state monitoring. The move aims to protect citizens' rights and maintain the credibility of the real estate market.
Read full article → Economy Plus(30 Aug) Saudi General Entertainment Authority Chairman Turki Al-Sheikh praised the South Med project by Talaat Moustafa Group following a visit and meeting with Chairman Hisham Talaat Moustafa. Al-Sheikh announced on Facebook that he has booked a unit at the project's Four Seasons hotel for delivery in May 2029.
Read full article → Economy Plus(30 Aug) The Financial Regulatory Authority granted preliminary approval for two new projects in its regulatory sandbox, covering asset tokenization and digital identity verification. The approved projects include a tokenized money market fund platform by Tarmiz and Granit Holding, and an e-passport digital identity verification system by V Lens and EFG Holding.
Read full article → Economy Plus(30 Aug) Saudi Arabia's non-oil trade surplus with Gulf Cooperation Council countries increased 12.05% year-on-year in the first half of 2026 to $6.55 billion, or 24.58 billion Saudi riyals. This is up from $5.85 billion, or 21.94 billion riyals, in the same period last year.
Read full article → Economy Plus(30 Aug) Total private sector deposits at commercial banks in Oman grew 12.5% year-on-year in the first half of 2026 to reach 19.37 billion Omani riyals, or around $51 billion. The total included 5.2 billion riyals in time deposits, 6.5 billion riyals in savings deposits, and 7.3 billion Omani riyals in demand deposits.
Read full article → Economy Plus(30 Aug) Jordan's industrial exports to the UAE rose 29% year-on-year in the first half of 2026 to 196.6 million dinars, or around $277.3 million. Total Jordanian industrial exports grew 8.9% to reach 4.4 billion dinars, or approximately $6.2 billion.
Read full article → Economy Plus(30 Aug) Turkey's Capital Markets Board issued updated guidelines capping hedge funds' investments in free-float shares of an issuer between 2% and 8%, depending on the free-float ratio. The new rules also prohibit funds from investing more than 20% of their portfolios in capital market instruments issued by related entities under their management.
Read full article → Economy Plus