Daily Market Brief

Egypt & Global Markets · Research Desk
Saturday, 26 September 2026 · Hedge Research Desk
The Read
Global equity markets traded mixed with strong gains in Japan and US technology stocks offsetting declines in Europe and China, while commodities and precious metals faced broad selling pressure.
Strategy · Execution · Growth
S&P 5007,743.41+1.21%Dow Jones51,828.62+0.28%Nasdaq27,068.72+2.06%FTSE 10010,695.25+0.34%DAX25,408.64+0.41%CAC 408,077.80-0.75%Gold$4,320.50Brent$97.44USD/EGP51.72-1.04%EUR/USD1.1392-0.77%CBE depo19.00%Fed3.75–4.00%S&P 5007,743.41+1.21%Dow Jones51,828.62+0.28%Nasdaq27,068.72+2.06%FTSE 10010,695.25+0.34%DAX25,408.64+0.41%CAC 408,077.80-0.75%Gold$4,320.50Brent$97.44USD/EGP51.72-1.04%EUR/USD1.1392-0.77%CBE depo19.00%Fed3.75–4.00%
EGX 30
53,776.70
-0.83%
S&P 500
7,743.41
+1.21%
Gold
$4,320.50
USD / EGP
51.72
-1.04%
Brent
$97.44
CBE / Fed
19.00% / 3.75–4.00%
policy
01

5-Year Trend

The structural picture behind today’s tape — pick an indicator to see its five-year path.

USD / EGP · EGP
51.72
▲ +230% over 5y
12.5123.7635.0246.2757.52 2021-09-302021-11-012021-12-012022-01-012022-02-012022-03-012022-03-312022-04-302022-05-312022-06-302022-07-312022-08-312022-09-302022-11-012022-12-012023-01-012023-02-012023-03-012023-03-312023-04-302023-05-312023-06-302023-07-312023-08-312023-09-302023-11-012023-12-012024-01-012024-02-012024-03-012024-03-312024-04-302024-05-312024-06-302024-07-312024-08-312024-09-302024-11-012024-12-012025-01-012025-02-012025-03-012025-03-312025-04-302025-05-312025-06-302025-07-312025-08-312025-09-302025-11-012025-12-012026-01-012026-02-012026-03-012026-03-312026-04-302026-05-312026-06-302026-07-312026-08-312026-09-25 USD / EGP
S&P 500 · index
7,743
▲ +68% over 5y
3,2534,4595,6656,8708,076 2021-10-012021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-05-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-01-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-10-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-09-012024-10-012024-11-012024-12-012025-01-012025-02-012025-03-012025-04-012025-05-012025-06-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-02-012026-03-012026-04-012026-05-012026-06-012026-07-012026-08-012026-09-012026-09-25 S&P 500
Gold · XAU/USD · $/oz
4,321
▲ +142% over 5y
1,3922,2933,1934,0934,993 2021-10-012021-11-012021-12-012022-01-012022-02-012022-03-012022-04-012022-06-012022-07-012022-08-012022-09-012022-10-012022-11-012022-12-012023-02-012023-03-012023-04-012023-05-012023-06-012023-07-012023-08-012023-09-012023-11-012023-12-012024-01-012024-02-012024-03-012024-04-012024-05-012024-06-012024-07-012024-08-012024-10-012024-11-012025-01-012025-02-012025-03-012025-04-012025-05-012025-07-012025-08-012025-09-012025-10-012025-11-012025-12-012026-01-012026-04-012026-05-012026-06-012026-07-012026-08-012026-09-012026-09-25 Gold · XAU/USD
02

Equities

Global Indiceslevels · latest change
IndexLevelChange
S&P 5007,743.41+1.21%
Dow Jones51,828.62+0.28%
Nasdaq27,068.72+2.06%
FTSE 10010,695.25+0.34%
DAX25,408.64+0.41%
CAC 408,077.80-0.75%
Nikkei 22566,364.20+3.82%
Hang Seng24,510.09-0.97%
Egypt & RegionEGX
IndexLevelChange
EGX 3053,776.70-0.83%
03

Rates & Central Banks

Egypt · CBE
19.00%
Overnight deposit — unchanged.
Egypt · CBE
20.00%
Overnight lending — unchanged.
US · Federal Reserve
3.75–4.00%
Fed funds target — on hold.
Egypt · CBE Corridor, Bills & Bondspolicy real · yields indicative
InstrumentRate / YieldNote
Policy corridor
Overnight deposit19.00%unchanged
Overnight lending20.00%unchanged
Global Benchmark Rateslatest levels
RateLevel
United States
Fed funds target on hold3.75–4.00%
SOFR (overnight)3.88%
Euro Area
ECB deposit facility2.50%
ECB main refinancing2.65%
ECB marginal lending2.90%
€STR2.44%
04

Currencies & Commodities

Currencieslatest
PairRateChange
USD / EGP51.72-1.04%
EUR / USD1.1392-0.77%
GBP / USD1.3246-1.07%
USD / JPY157.19+0.09%
Commoditieslatest
CommodityPrice
Gold · XAU/USD -1.45% · $/oz▼ $4,320.50
WTI crude -3.49% · $/bbl▼ $92.44
Brent crude -2.89% · $/bbl▼ $97.44
05

Global Economy

US · China

Trump, Xi wrap state visit centered on spectacle over substance. Here are the top takeaways

[25 Sep] President Trump and Chinese leader Xi Jinping concluded a two-day Washington summit characterized by heavy ceremony and limited substantive deliverables. The leaders navigated discussions around Taiwan and Iran without announcing major bilateral agreements.

Read full article → CNBC
Middle East · Energy

Saudi Arabia crude oil exports hit highest level since Iran war began despite pipeline outage

[25 Sep] Saudi crude oil exports have reached their highest volume since the onset of the conflict with Iran, even as pipeline outages persist. The increase comes despite escalating infrastructure attacks by Iran-backed militants in Yemen and Iraq.

Read full article → CNBC
Middle East · Geopolitics

Iran offers to reopen Strait of Hormuz within 7 days and restart nuclear talks

[25 Sep] Iran has proposed reopening the Strait of Hormuz within a week and resuming nuclear negotiations. This diplomatic offer coincides with a fresh wave of missile and drone attacks launched by Houthi militants against Saudi targets.

Read full article → CNBC
US · Central Banks

Warsh's regime change at the Fed pushes ahead – and meets resistance

[25 Sep] Federal Reserve Chairman Kevin Warsh is advancing rapid institutional changes while signaling that further monetary tightening remains possible under his emerging policy framework. This aggressive shift is encountering resistance as markets adjust to the central bank's evolving approach.

Read full article → CNBC
Europe · Security

Russia could attack a NATO country within months, Danish intelligence warns

[25 Sep] Danish intelligence warns that Russia possesses the capability to attack a NATO member state within a matter of months. This assessment aligns with a growing chorus of security warnings from top European officials and lawmakers regarding the escalating threat.

Read full article → CNBC
US · China · Tech

China's Xi urges U.S. to cooperate on AI

[25 Sep] Chinese President Xi Jinping has called for enhanced cooperation with the United States on artificial intelligence development. The remarks were made during a White House meeting hosted by U.S. President Donald Trump.

Read full article → CNBC
Asia · Trade

China saw 'surprise' jump in U.S. orders ahead of Trump-Xi summit, private survey shows

[25 Sep] A private survey indicates a surprising rebound in Chinese exports to the United States ahead of the recent bilateral summit. The data suggests companies are actively positioning for continued stability in trade relations between the two economies.

Read full article → CNBC
US · Fixed Income

Surging Treasury yields pose a brand new problem for Kevin Warsh and the Fed

[25 Sep] Surging government borrowing costs are presenting a complex challenge for the Federal Reserve as markets anticipate a firmer stance on inflation. The central bank now faces the difficult task of managing these market dynamics while maintaining its policy objectives.

Read full article → CNBC
06

Egypt Focus

Egypt macro, the external accounts and the EGX listing pipeline in focus — sourced from economyplusme, CBE, IMF and Enterprise.

Headline inflation
14.5%
-0.4pp m/m
Policy rate
19%
0pp m/m
Debt-to-GDP
79.7%
+1.4pp y/y
Egypt · Banking

NBE acquisition of Banque Misr UAE branches raises US sanctions questions

(24 Sep) The National Bank of Egypt has received preliminary approval from the UAE Central Bank to acquire Banque Misr's branches in the UAE, facilitating an orderly exit for the latter. Legal experts note the deal transfers assets to another state-owned bank but does not grant immunity from potential US penalties related to past transactions involving over $1.8 billion linked to Iranian shadow banking networks.

Read full article → Economy Plus
Egypt · Monetary Policy

Central Bank of Egypt to decide on interest rates amid mixed economic signals

(24 Sep) The Central Bank of Egypt's Monetary Policy Committee is meeting to decide on interest rates, having held the deposit rate at 19% and the lending rate at 20% for the past four meetings. Annual city inflation slowed to 14.5% in August, but regional risks and higher energy prices are prompting policymakers to exercise caution.

Read full article → Economy Plus
Saudi Arabia · Capital Markets

Saudi CMA proposes new regulations to improve IPO pricing and order quality

(24 Sep) The Saudi Capital Market Authority has drafted new regulatory provisions to enhance initial public offering practices and improve capital allocation efficiency. The proposals are open for public and market participant feedback until October 22.

Read full article → Economy Plus
Saudi Arabia · Energy

Saudi Arabia resumes operations on East-West pipeline

(24 Sep) Saudi Arabia has resumed operations on its East-West pipeline, according to Reuters. The restart restores a key export route for the kingdom's crude oil.

Read full article → Economy Plus
Saudi Arabia · Real Estate

Talaat Moustafa Group Saudi and Rawshan partner for new Riyadh project

(24 Sep) Talaat Moustafa Group Saudi and Rawshan have formed a partnership to develop a new real estate project in Riyadh. The collaboration aims to expand their joint footprint in the Saudi capital's property market.

Read full article → Economy Plus
Egypt · Trade

Egypt's non-oil exports rise 4% to $33.6 billion in first eight months of 2026

(24 Sep) Egypt's non-oil commodity exports increased by 4% year-on-year during the first eight months of 2026, reaching $33.6 billion. Excluding the impact of certain exceptional products, the growth rate was approximately 12%, according to the Minister of Investment and Foreign Trade.

Read full article → Economy Plus
Egypt · Trade

Egypt's ready-made garment exports jump 16% to $2.53 billion in eight months

(24 Sep) Exports of Egyptian ready-made garments rose by 16% year-on-year in the first eight months of 2026, totaling $2.53 billion, up from $2.18 billion a year earlier. In August alone, garment exports grew 23% to $382 million, driven by strong overseas demand.

Read full article → Economy Plus
Egypt · Industry

Egypt allocates over 300,000 square meters of industrial land under rent-to-own scheme

(24 Sep) The Industrial Development Authority has allocated more than 300,000 square meters of land across eight zones in the first industrial land offering under a rent-to-own system. The allocated sites are distributed among New Borg El Arab, Wadi El Natrun, Katameya, 10th of Ramadan, New 6th of October, Sadat, New Tiba, and New Akhmin.

Read full article → Economy Plus
Egypt · Energy

Egypt's natural gas imports surge 27% to 3.3 billion cubic meters in July

(24 Sep) Egypt's natural gas imports rose by 27% month-on-month in July 2026 to approximately 3.303 billion cubic meters, according to Jodi data. The increase coincided with a 1.5% drop in domestic production to 3.64 billion cubic feet per day and a 9.8% rise in consumption to 7.4 billion cubic feet per day.

Read full article → Economy Plus
Egypt · Energy

BP executive visits Egypt as Energean advances exclusive talks for asset acquisition

(24 Sep) Gordon Birrell, BP's Executive Vice President of Production and Operations, is visiting Egypt amid advanced exclusive negotiations between BP and Energean. The potential deal, which could be worth around $1 billion, involves the sale of BP's oil and gas assets in Egypt, including its stakes in the offshore West Nile Delta and the Tamsah concession.

Read full article → Economy Plus
Egypt · Infrastructure

EBRD approves $32.1 million investment in Hassan Allam Utilities subsidiary

(24 Sep) The European Bank for Reconstruction and Development has approved a $32.1 million investment in RWD Investments BV, a subsidiary of Hassan Allam Utilities. The funding will support RWD's medium-term expansion plan as a specialized water infrastructure platform and help cover development costs for major public-private partnership water projects in Egypt.

Read full article → Economy Plus
Egypt · Technology

Intro Holding plans $270 million data center in Sokhna

(24 Sep) Intro Holding plans to build the Kemet data center in the Sokhna Integrated Industrial Zone, part of the Suez Canal Economic Zone, with initial investments of $270 million. The Minister of Communications and Information Technology recently met with the company's board to review the project's execution plans.

Read full article → Economy Plus
Egypt · Technology

STC acquires 11.8% stake in Giza Systems for 1.8 billion pounds

(24 Sep) Saudi Telecom Company has acquired an 11.81% minority stake in Giza Systems in a transaction valued at 1.8 billion pounds. The deal completes STC's full acquisition of the company, following its initial purchase of an 88.19% stake in 2022.

Read full article → Economy Plus
Egypt · Legal

Egypt wins international arbitration case against $34 billion investor claims

(24 Sep) Egypt has won a historic international arbitration case at the Permanent Court of Arbitration in The Hague, dismissing claims exceeding $34 billion by Saudi investor Hashem Al-Mahdar and his family. The tribunal ruled on September 22 that it lacked jurisdiction and ordered the claimants to bear all arbitration costs and the state's legal representation fees.

Read full article → Economy Plus
Egypt · Industry

Egyptian steel mills raise rebar prices by up to 1,800 pounds per ton

(24 Sep) Three Egyptian steel manufacturers have increased rebar selling prices by between 1,000 and 1,800 pounds per ton amid rising local costs and import restrictions on steel billets. Ezz Steel and El Garhy Steel raised prices by 1,000 pounds per ton, while El Marakby Steel implemented the maximum increase of 1,800 pounds.

Read full article → Economy Plus
Egypt · Food & Beverage

Egyptian consumers face record local food prices despite global retreat

(24 Sep) Egyptian consumers are facing record local food prices as the pound has lost more than two-thirds of its value against the dollar over the past four and a half years. This local inflation persists even as global food prices remain well below the peaks seen after the outbreak of the Russia-Ukraine war.

Read full article → Economy Plus
Egypt · Food & Beverage

Prices of tourist bread and fino increase in Egypt

(24 Sep) The prices of tourist bread and fino have increased in Egypt. The rise reflects ongoing adjustments in the local bakery sector.

Read full article → Economy Plus
Egypt · Agriculture

Egypt's rice production expected to rise 19% in new season

(24 Sep) Egypt's rice production is expected to increase by 19% in the new season. The forecast reflects improved agricultural yields and expanded planting areas.

Read full article → Economy Plus
Egypt · Capital Markets

EGX indices fall as foreign and Arab investors drive secondary debt market purchases

(24 Sep) The Egyptian Exchange's main indices declined, with the EGX30 dropping 1.29% to 54,224.93 points, as foreign and Arab investors continued to sell equities. Conversely, Arab and foreign investors recorded net purchases of $244 million in the secondary government debt market, contributing to a 16-piaster drop in the US dollar against the local currency.

Read full article → Economy Plus
Egypt · Mining

Shalatin Mineral Wealth boosts gold production by 9.6% in first nine months

(24 Sep) Shalatin Mineral Wealth increased its gold production by 9.6% year-on-year in the first nine months of 2026, exceeding 850 kilograms. The rise was driven by higher output from the Eiqaat gold mine and the artisanal mining system, with deliveries to the Central Bank of Egypt increasing by about 75 kilograms.

Read full article → Economy Plus
Egypt · Healthcare

Egyptian Drug Authority to implement tracking system for 1,300 imported medicines

(24 Sep) The Egyptian Drug Authority will begin implementing a drug tracking system for approximately 1,300 imported pharmaceutical items supplied to the Unified Procurement Authority. The final rollout is scheduled for early October, following ongoing technical and operational readiness reviews with manufacturers and distributors.

Read full article → Economy Plus
Egypt · Logistics

Global shipping lines plan to return to Suez Canal amid regional developments

(24 Sep) Global shipping lines are planning to resume transit through the Suez Canal and increase their voyages, viewing it as the fastest route between East and West. Taiwan's Yang Ming Line is seriously studying a return to the canal, according to its regional branch manager.

Read full article → Economy Plus
Egypt · Real Estate

Urban Development Fund outlines initial structure for Real Estate Developers Syndicate

(24 Sep) The head of the Urban Development Fund announced that the initial board of the Real Estate Developers Syndicate will be appointed directly for a three-year term, after which elections will be held. The syndicate's executive regulations will also include a classification system for developers into five to seven categories to mitigate project defaults.

Read full article → Economy Plus
Egypt · Real Estate

Social Housing Fund to sign contracts for 390 feddans with 19 private developers

(24 Sep) The Social Housing and Mortgage Finance Fund is nearing the signing of partnership contracts covering a total area of 390 feddans across eight new cities with 19 private sector companies. The fund selected these companies from 137 applications submitted by 103 firms to develop projects on 19 land plots.

Read full article → Economy Plus
Egypt · Industry

Egypt launches first locally manufactured industrial robot

(24 Sep) Egypt has launched its first locally manufactured industrial robot, developed with an 80% local component ratio that is targeted to reach 90% once the motor is produced domestically. The initiative is a collaboration between the Industrial Modernization Centre, Raed Bots, and Qubi, aiming to localize technology and integrate the robot into actual industrial applications.

Read full article → Economy Plus
GCC · Technology

Microsoft plans over $10 billion investment in four GCC countries by 2030

(24 Sep) Microsoft plans to invest more than $10 billion in the UAE, Saudi Arabia, Qatar, and Kuwait by 2030, focusing on cloud infrastructure and artificial intelligence. Company President Brad Smith stated the investments will expand operations in the region, continuing plans established before the war with Iran.

Read full article → Economy Plus
Kuwait · Debt

Kuwait raises 100 million dinars via 2033 bond issue at 3.625% yield

(24 Sep) Kuwait has raised 100 million Kuwaiti dinars ($323.6 million) through a government bond issue maturing in 2033, priced at a yield of 3.625%. The issuance saw strong investor demand, with orders exceeding the offered amount by more than three times, reflecting confidence in the country's creditworthiness.

Read full article → Economy Plus
Iraq · Energy

Iraq's oil exports exceed 3 million bpd via Ceyhan and southern ports

(24 Sep) Iraq is currently exporting more than 3 million barrels per day of oil, with shipments via the Turkish port of Ceyhan reaching 600,000 bpd, according to the Oil Minister. Total oil exports for August reached approximately 70 million barrels, despite regional challenges affecting export capacity.

Read full article → Economy Plus
US · Debt

US 10-year Treasury yield hits highest level since July 2007

(24 Sep) The yield on the 10-year US Treasury note reached 5.081%, its highest level since July 17, 2007, before easing slightly to 5.073% in recent trading. The rise comes as investors monitor negotiations to end the Middle East war ahead of an anticipated US-China summit.

Read full article → Economy Plus