Gold extended its decline as Gold Price Retreats on Wednesday, falling below the $4,200-per-ounce threshold as renewed military exchanges between the United States and Iran unsettled financial markets and complicated expectations for inflation, interest rates and global trade. Spot gold dropped as much as 2% to below $4,175 an ounce after losing 1.6% in the previous […]
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Financial Shares Lead Recovery as Overseas Investors Return Amid Improving Liquidity Outlook Cairo — Egyptian equities rebounded on Tuesday as foreign and Arab investors returned to the market, reversing part of the previous session’s losses and reinforcing signs of improving confidence in Egyptian assets despite ongoing global uncertainty and regional geopolitical tensions. The recovery followed…
Cairo — Egyptian stocks retreated as investors locked in profits following recent gains, but market attention increasingly shifted toward a growing pipeline of listings, corporate restructuring plans and renewed Gulf financial support that could reshape Egypt’s capital markets over the coming year. While the benchmark EGX30 index fell 0.93% to close at 52,164 points, the […]
The post EGX Slips…
Cairo — Egyptian stocks (EGX) opened the week lower on Sunday as investors locked in profits following recent gains, while foreign, Arab and local investors all turned net sellers despite continued strength in trading volumes and improving sentiment toward Egypt’s broader economic outlook. The decline follows several sessions during which Egyptian assets benefited from renewed […]
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Egypt is targeting a 20% increase in gold deliveries to the Central Bank of Egypt this year as Cairo intensifies efforts to formalise gold production, attract mining investment and expand one of the country’s most promising non-oil industries. State-owned Shalateen Mineral Resources Company aims to deliver approximately 1.5 tonnes of gold to the central bank […]
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Gulf stock markets lost an estimated $24 billion in market value during May, reducing the combined capitalization of regional exchanges to approximately $4.08 trillion, according to a CNBC Arabia survey. While the decline represents only about 0.6% of total Gulf market capitalization, it reflects persistent investor caution amid regional geopolitical tensions, uncertainty surrounding the Strait…
The Central Bank of Egypt has approved the registration of a representative office for Bank of Palestine, a move that expands the Palestinian lender’s regional footprint and highlights Egypt’s growing role as a financial and investment hub linking the Middle East, Africa and the Mediterranean. The approval allows Bank of Palestine to establish a formal […]
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Cairo — Overseas investors continued to accumulate Egyptian equities on Wednesday despite ongoing debate over proposed tax reforms and the review of Egypt’s market classification by S&P Dow Jones Indices, suggesting market participants remain broadly constructive on the country’s medium-term investment outlook. The resilience comes as Egypt’s macroeconomic backdrop shows signs of improvement,…
Gold remained near record levels during the week ending 4 June, highlighting investors’ growing focus on inflation and monetary-policy risks despite tentative signs of de-escalation in the Middle East. Spot gold traded around $4,450 an ounce by Thursday, recovering part of the previous session’s losses and remaining within a few percentage points of the record […]
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Cairo — Egypt’s capital markets are facing two potentially significant tests after the government moved to restore a stamp tax on stock-market transactions and S&P Dow Jones Indices launched a consultation on whether the country should retain its emerging-market status, developments that could influence liquidity, foreign participation and the long-term competitiveness of the Egyptian Exchange.…
Cairo — Egyptian equities rose in the first session after the Eid Al-Adha break, with domestic investors driving a broad-based rally that absorbed continued Arab and foreign selling and reinforced the market’s resilience despite renewed regional pressure. The benchmark EGX30 rose 0.37% to 52,853.94 points on Monday, 1 June 2026, according to data from the […]
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Gold prices recovered while oil extended a sharp sell-off on Monday as investors increasingly positioned themselves for a possible easing of tensions between Washington and Tehran, raising expectations that inflation pressures and disruptions to global energy flows could gradually subside. The simultaneous rebound in bullion and retreat in crude reflected a broader reassessment across global…
Cairo — Egypt’s stock market opened the trading week higher on Sunday, 24 May 2026, with broad gains across major indices as selective foreign buying and renewed interest in financial shares helped the market recover part of the losses recorded during the previous week’s consolidation phase. The benchmark EGX30 rose 1.48% to 52,861.47 points, according to data from the Egyptian Exchange […]
The…
Cairo — Egypt’s stock market ended the week of 17–21 May 2026 on a relatively firmer note after several volatile sessions, with selective foreign buying helping stabilise the benchmark index despite continued caution across broader market segments. The benchmark EGX30 rose 0.30% on Thursday to 52,090.96 points, according to data from the Egyptian Exchange (EGX), following declines earlier in the…
A new partnership between Fair Isaac Corporation and Plaid Inc. to integrate cash-flow data into credit scoring models is drawing growing attention across the global banking sector, potentially offering a framework that could carry significant implications for financial institutions in Egypt and the wider Middle East. The initiative expands beyond traditional credit evaluation methods, which…
Egypt’s expansion into digital banking could become one of the country’s most significant financial transformation opportunities over the coming decade, particularly as policymakers seek to widen financial inclusion, modernise banking services, and integrate larger segments of the population into the formal economy. The planned launch of “Yomo” by Commercial International Bank later in 2026,…
Cairo — Egypt’s stock market resumed its downward trajectory on Wednesday, 20 May 2026, with broad-based losses across all major indices as foreign selling intensified and investors continued reducing exposure following the market’s strong rally earlier this quarter. The benchmark EGX30 fell 1.59% to 51,936.75 points, according to data from the Egyptian Exchange (EGX), slipping […]
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Egypt’s Central Bank has tightened controls governing banks’ dealings with non-bank financing companies, in a move aimed at strengthening credit-market transparency as consumer finance and other non-bank lending activities expand rapidly across the country. According to a Central Bank directive reported by Asharq Business, banks are now required to verify that non-bank financing companies hold…
Cairo — Egypt’s stock market rebounded on Tuesday, 19 May 2026, recovering part of the previous session’s losses as local buying returned to the market following several days of broad-based declines. The benchmark EGX30 rose 1.48% to 52,774.98 points, according to data from the Egyptian Exchange (EGX), recovering after Monday’s decline pushed the index close […]
The post EGX rebounds as domestic…
President Abdel Fattah El-Sisi met on Tuesday with Hassan Abdalla to review developments in Egypt’s economic performance, inflation trends, foreign currency reserves, and the impact of ongoing regional geopolitical tensions on the country’s financial stability and external balance. According to Presidential Spokesman Ambassador Mohamed El-Shennawy, discussions focused on continued efforts to…
Egypt’s gold market moved lower during the week between 11 and 17 May despite continued weakness in the Egyptian pound, highlighting a broader shift in investor sentiment as rising US Treasury yields and softer haven demand weighed on bullion prices. By Sunday, the gold sovereign had fallen to around EGP 55,200, down roughly EGP 800 […]
The post Gold Prices Ease in Egypt as Rising US Yields…
Cairo — Egypt’s stock market extended its recent decline on Monday, 18 May 2026, with broad-based losses across major indices reflecting continued profit-taking and cautious investor sentiment following the market’s strong rally earlier this month. The benchmark EGX30 fell 0.68% to 52,007 points, according to data from the Egyptian Exchange (EGX), hovering near the 52,000-point […]
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Egypt’s foreign-exchange market passed through another tense trading week between 11 and 17 May, with the US dollar again climbing above the EGP 53 threshold as investors reassessed geopolitical risk, global interest-rate expectations, and exposure to emerging-market assets. By Sunday’s close of business, the dollar traded at EGP 53.22 for buying and EGP 53.36 for […]
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Cairo — Egypt’s stock market began trading on Sunday, 17 May 2026 on a sharply weaker note, extending the corrective phase that has followed the market’s rally to multi-year highs earlier this month, as broad-based selling weighed across both blue-chip and smaller-cap shares. The benchmark EGX30 fell 1.49% to 52,364.34 points, according to data from […]
The post EGX opens week sharply lower as…
Cairo — Egypt’s stock market ended trading on Thursday, 14 May 2026 on a mixed note, with the benchmark index extending its recent decline as investors continued trimming positions in large-cap stocks, while broader indices maintained modest gains supported by selective buying in mid- and small-cap shares. The benchmark EGX30 fell 0.49% to 53,154.84 points, […]
The post Foreign outflows pressure…
Hisham Ezz Al-Arab, Chief Executive Officer of Commercial International Bank (CIB), has warned that the rapid expansion of Egypt’s non-banking financial sector could create future risks for the broader economy if growth continues without sufficiently strict credit controls and risk-management standards. Speaking during a televised interview on MBC Egypt’s “El Hekaya” programme, Ezz Al-Arab…
Cairo — Egypt’s stock market ended trading on Wednesday, 13 May 2026 on a mixed note, with the benchmark index falling for a third consecutive session as profit-taking in large-cap stocks continued, while broader indices maintained their upward momentum on sustained buying in mid- and small-cap shares. The benchmark EGX30 declined 1.19% to 53,416.17 points, […]
The post EGX closes mixed as…
Syria is witnessing a cautious expansion of electronic payment services after the Central Bank of Syria authorized local financial institutions and payment companies to reconnect with global card networks including Visa and Mastercard for the first time in more than 15 years. The move comes amid broader efforts to modernise Syria’s financial infrastructure and reconnect […]
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Cairo — Egypt’s stock market ended trading on Tuesday, 12 May 2026 on a mixed note, with the benchmark index retreating for a second consecutive session as investors continued to take profits in heavyweight stocks, while broader market indices extended gains on sustained interest in mid- and small-cap shares. The benchmark EGX30 fell 0.77% to […]
The post EGX closes mixed as foreign buying…
Cairo — Egypt’s stock market ended trading on Monday, 11 May 2026 on a mixed note, with the benchmark index easing slightly following the previous session’s strong gains, while mid- and small-cap stocks continued to attract buying interest. The benchmark EGX30 fell 0.28% to 54,475.49 points, according to data from the Egyptian Exchange (EGX), as […]
The post EGX closes mixed as investors rotate…