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What the markets are doing on 3 August 2026
The EGX30 fell 0.4% at today’s close on turnover of EGP 15.7 bn (63.9% above the 90-day average). Regional investors…
Joint US-Japan currency intervention buys Tokyo time for a September rate hike
The highly unusual coordinated move is a band-aid. Markets know the real fix requires the BOJ to raise rates
What the markets are doing on 2 August 2026
The EGX30 rose 1.6% at today’s close on turnover of EGP 10.4 bn (8.7% above the 90-day average). Regional investors…
Central banks bought less gold in 1Q than initially estimated -WGC
WGC revision for 1Q data shows net purchases dropped to 56 tonnes from a previously estimated 244 tonnes
Household electricity tariffs hiked by an average of 12%
Good morning, everyone. We have a big macro story and a quieter industry read for you today that both, in…
What the markets are doing on 30 July 2026
The EGX30 fell 0.4% at today’s close on turnover of EGP 11.9 bn (25.5% above the 90-day average). Local investors…
Fed keeps rates steady after divided meeting
The rate has sat at its lowest level since November 2022 for five straight meetings
Arab Energy Fund plans to submit a non-binding offer for 20% of Maridive
The non-binding offer works out to as much as a 57.3% premium on Maridive’s six-month average close
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