Trading Economics-

The S&P Global Egypt PMI rose to 46.8 in July 2026 from 46.0 in June, signaling a softer but still sharp contraction in the non-oil private sector. New orders fell for a seventh straight month amid weak demand, high prices, shipping delays, and fewer new projects, leading to a softer decline in output. Employment continued to fall, while backlogs of work rose at the second-fastest rate in nearly three years. Purchasing activity contracted at the sharpest pace since September 2023, prompting the first decline in input inventories in five months. In contrast, supply chain conditions improved for the first time since March as delivery times shortened amid easing Middle East disruptions. Input cost inflation also eased to a six-month low, while output price inflation slowed to a four-month low. Looking ahead, business confidence hit its highest level since June 2022, although optimism remained tied to regional geopolitical developments.

Trading Economics-

New Zealand's stocks added 129 points, or 0.9%, to close at 13,903 on Tuesday, extending gains from the previous two sessions, buoyed by gains in the tech, healthcare, materials, and financial sectors. The broader index closed close to its record high of 13,977, touched on July 29, tracking gains on Wall Street overnight, supported by a rally in technology stocks and easing oil prices amid hopes of US-Iran peace talks. Further moderating oil prices also supported sentiment, as inflation concerns eased, tempering expectations of an interest rate hike. However, traders remained cautious ahead of the release of New Zealand's unemployment data on Wednesday, with the market expecting it to edge up to 5.4% in Q2. Traders also anticipated the release of a slew of US data, including jobs data, for guidance on the US economic outlook. Among the top gainers were Fisher & Paykel (2.8%), Westpac Banking Corp. (2.3%), Meridian Energy (2.3%), Infratil (2.0%), Freightways Group (1.1%).

Trading Economics-

Australia's ASX 200 extended its winning streak to a third straight session on Tuesday, climbing 127 points, or 1.4%, to close at 9,149, its highest level since early March. Sentiment improved amid stronger U.S. stock futures following Wall Street's rally Monday, supported by easing crude oil prices that helped boost risk appetite. Locally, personal spending rose 0.8% mom in June, easily exceeding the consensus of 0.2%. However, gains were capped by caution ahead of key trade data due later this week from both Australia and its largest trading partner, China. Buying was broad-based, with tech, logistics, and healthcare leading the gain. The big four banks rose between 1.7% and 2.7% after Morgan Stanley said the sector was poised to log strong earnings. Charter Hall Infrastructure REIT jumped 8.6% after reporting a 12.6% rise in annual operating earnings. Tech stocks tracked their U.S. peers higher, with Xero (3.5%), Technology One (3.3%), and WiseTech Global (3.0%) posting solid gains.

Trading Economics-

The benchmark KOSPI rose 1.62% to close at 6,359 on Tuesday, recovering part of the previous session's losses as investors returned to beaten-down stocks. Overnight gains on Wall Street also supported sentiment, with strong earnings from Amazon and advances in major AI-related technology stocks boosting risk appetite. Samsung Electronics and SK hynix edged higher by 0.21% and 0.64%, respectively, while other gainers included SK Square (3.41%), LG Energy Solution (3.96%), HD Hyundai Heavy Industries (2.66%), and Hanwha Aerospace (9.25%). Meanwhile, investors remained cautious amid lingering uncertainty over AI-related valuations following the recent tech-led selloff. Conflicting signals over US-Iran negotiations also capped broader gains. Separately, South Korea's softer-than-expected inflation eased immediate price concerns, though firmer core inflation reinforced expectations for a cautious Bank of Korea policy stance.

Trading Economics-

India’s BSE Sensex reversed course to close about 0.3% down at 78,429 on Tuesday, halting a four-day advance, as investors booked profits amid Middle East uncertainty that caused a fresh rise in oil prices and ahead of RBI's policy decision due tomorrow. While the central bank is widely expected to keep interest rates unchanged, investors will be looking for signs of a more hawkish stance as inflation remains above the central bank's comfort level. At the same time,market participants continued to adjust to the new closing-auction mechanism for stocks with futures and options contracts, introduced on Monday. Among individual stocks, the biggest laggards were Hindustan Unilever (-1.7%), NTPC (-1.6%), HDFC Bank (-1.5%), Reliance (-1.2%), IndiGo (-1.1%) and Tech Mahindra (-0.6%). On the upside, Trent (1.2%), Bajaj Finance (1.1%), BEL (0.9%), Tata Steel (0.6%), Mahindra & Mahindra (0.6%) and Bajaj Finserv (0.6%) posted the largest gains.

Daily News-


Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), and Abdelaziz Konsowa, Minister of Higher Education and Scientific Research and Acting Minister of Culture, reviewed the progress of the national Future Scholars Fund initiative and preparations to admit a new cohort of students for the 2026/2027 academic year during a meeting at the CBE headquarters.

The meeting formed part of the ongoing coordination between the two sides and focused on the latest developments of the initiative, which supports outstanding, socially eligible students at Egyptian universities. Discussions also covered preparations for the initiative’s second phase, ensuring continued support for eligible students while advancing its long-term objectives.

The meeting was attended by several CBE officials, including Tarek ElKholy, Deputy Governor for Banking Stability; Ghada Tawfik, Sub-Governor for Corporate Social Responsibility (CSR); Rascha Mansour, Sub-Governor for the Human Resources Sector; Mohamed Shaaban, Sub-Governor for the Legal Affairs Sector; and Nihal Orkhan, Acting Head of the Corporate Communications Central Department.

Representing the Ministry of Higher Education and Scientific Research were Maher Mesbah, Secretary of the Council of National Universities and Acting Secretary of the Council of Private Universities; Amr Allam, Assistant Minister and Permanent Undersecretary of the Ministry; Sherif Kishk, Assistant Minister for Smart Governance; Mohamed El-Sharkawy, Assistant Minister for Policies and Economic Affairs; Counsellor Atef Omar, Legal Adviser to the Minister; and Adel Abdel Ghaffar, the ministry’s official spokesperson.

The Governor and the Minister reviewed the initiative’s achievements during the 2025/2026 academic year, highlighting its role in supporting academically outstanding students who meet social eligibility requirements across various governorates. They also discussed mechanisms to further develop and expand the initiative during the new academic year, enabling more eligible students to enrol at National Universities.

The discussions reflected Egypt’s broader strategy of investing in human capital, empowering young people, and strengthening the higher education and scientific research ecosystem.

Both sides reaffirmed their commitment to continued cooperation to support high-achieving students and promising academic and research talent, recognising them as a cornerstone of building national capabilities capable of driving Egypt’s future development.

Abdalla said the CBE remains committed to strengthening the higher education and scientific research ecosystem in line with Egypt’s national vision, noting that supporting outstanding students represents an investment in the country’s future and reflects the CBE and banking sector’s commitment to advancing the Sustainable Development Goals (SDGs) through CSR initiatives.

He added that the Future Scholars Fund demonstrates effective cooperation among state institutions, the banking sector, and civil society in implementing initiatives with long-term impact, aimed at providing equal educational opportunities for outstanding students and equipping them with the academic and research capabilities required by a knowledge-based economy.

Abdalla also praised the ministry’s role in preparing qualified graduates for the labour market across various sectors, including banking, and highlighted its support for the CBE’s Bachelor of Banking Sciences programme, which was introduced for the first time in Egypt at several Faculties of Commerce during the previous academic year.

For his part, Konsowa commended the CBE and the banking sector for supporting higher education through CSR initiatives, saying such efforts help ensure equal access to educational opportunities for outstanding students from socially eligible backgrounds while strengthening Egypt’s ability to prepare highly qualified graduates capable of innovation, creativity, and global competitiveness.

He also stressed the commitment of both the ministry and the CBE to ensuring the sustainability of the initiative and expanding partnerships with state institutions to support and empower outstanding students.

Launched as a national initiative to support outstanding students at Egyptian universities, the Future Scholars Fund aims to provide academically distinguished students who meet social eligibility criteria with fair and equal educational opportunities, helping build a generation capable of contributing to Egypt’s comprehensive development.

To support the initiative, Account No. 7070 has been opened at Egyptian banks to receive contributions dedicated to funding outstanding students. The fund is intended to encourage greater participation by banking institutions, the private sector, and the wider community, while promoting social solidarity and investment in education and scientific research.

Daily News-


Egypt’s Minister of Industry, Khaled Hashem, has held talks with representatives of Austria-based RHI Magnesita to discuss the company’s plan to establish an integrated refractory manufacturing plant in Egypt, as part of the ministry’s strategy to deepen heavy industries and localize complementary industrial sectors.

The meeting was attended by Hakimuddin Ali, Regional President of RHI Magnesita for the Middle East, Türkiye, and Africa, alongside senior officials from the Ministry of Industry, including Mohamed Zada, Assistant Minister for Strategic Industries.

During the meeting, the company presented an overview of its global operations, which cover the manufacture of a full range of refractory products used in the steel, cement, aluminium, copper, and glass industries.

The discussions also covered the company’s recent acquisitions across Asia and its ongoing assessment of establishing a production facility in Egypt.

Hashem said the proposed investment is aligned with the Ministry of Industry’s updated Egypt Industry Strategy 2030, which places significant emphasis on developing the refractory industry as a key complementary sector supporting the building materials, metallurgical, engineering, and manufacturing industries, as well as national development projects.

He noted that the project would help meet growing domestic demand while positioning Egypt as a regional export hub serving Middle Eastern markets.

“The project is fully aligned with the ministry’s plan to transfer and localize advanced industrial technologies, enhancing the competitiveness of Egyptian products in international markets,” Hashem said.

He added that Egypt has become an attractive destination for leading global companies operating in heavy industries that rely on advanced manufacturing technologies.

For his part, Hakimuddin Ali said RHI Magnesita considers Egypt one of the most important markets in the Middle East, citing the country’s abundant reserves of high-purity raw materials used in refractory production.

He added that the company operates an integrated business model covering the entire value chain, from raw materials to finished products, while also providing recycling services and digital solutions tailored to the needs of industrial customers.

Daily News-


Planning and Economic Development Minister Ahmed Rostom has unveiled the Citizen Investment Plan for Beheira governorate for the 2026/2027 fiscal year, allocating EGP 9.9bn in public investments to finance 422 development projects across infrastructure and human development sectors.

Rostom said the allocations represent a 33% increase compared with the previous fiscal year and account for 1.2% of total public investment nationwide. The projects are intended to address the governorate’s development priorities while improving the quality of public services.

Beheira Governor Jacqueline Azzer welcomed the increased investment, saying it reflects the state’s commitment to advancing development across the governorate’s cities and villages.

She said the governorate is working closely with the Ministry of Planning and Economic Development to direct funding towards priority projects, particularly those aimed at improving citizens’ quality of life and upgrading basic infrastructure.

Rostom said the ministry continues to monitor project implementation through regular field visits to ensure public investments are utilised efficiently and deliver tangible benefits for citizens.

He added that projects are selected through a participatory budgeting approach involving governorates, local administrations, and civil society to enhance transparency, strengthen community participation, and ensure investments reflect local priorities.

The minister noted that the Citizen Investment Plan initiative publishes detailed information on development programmes in every governorate to encourage public participation in monitoring projects and identifying investment priorities. The plans are also available through the ministry’s Sharek mobile application.

According to the ministry, the housing sector will receive the largest share of planned investments in Beheira, accounting for 22% of total allocations. Higher education and transport each account for 16%, followed by local development at 14%, while pre-university education and healthcare each receive 11%.
Earlier on Tuesday, Rostom held an expanded meeting with Governor Azzer during a field visit to review the implementation of Beheira’s development projects and investment plan for FY2026/2027. The visit came in line with directives from President Abdel Fattah Al-Sisi and Prime Minister Mostafa Madbouly to strengthen engagement with citizens and closely monitor project implementation on the ground.

During the meeting, Azzer reviewed the governorate’s key development projects, saying they are expected to improve public services and facilitate daily life for residents. She also stressed the governorate’s commitment to maintaining close coordination with the ministry to monitor implementation rates and address any obstacles that could delay project completion.

Rostom reaffirmed the ministry’s commitment to providing the financing required under the national economic and social development plan and within the framework of public investment governance.

He said localising development across Egypt’s governorates remains one of the ministry’s strategic priorities through measures including improving the investment allocation formula to ensure a fairer distribution of public spending, implementing the Excellence and Performance Incentives initiative, and issuing reports tracking progress towards achieving the Sustainable Development Goals at the local level.

Following the meeting, Rostom and Azzer inspected the governorate headquarters redevelopment project. The minister said the ministry is providing the necessary funding to accelerate completion of the project, which includes upgrading the technological service centre and the organisation and administration building to improve institutional efficiency and public service delivery.

The two officials also toured the redevelopment of the railway station square, the university hospital building, the one-day services building, and the Faculty of Medicine building, with combined investments of around EGP 4.8bn. They concluded the visit with an inspection of the new Egyptian-Japanese School in Damanhour, which the ministry described as a flagship educational project aimed at enhancing the quality of education in the governorate.

Daily News-


The Financial Regulatory Authority (FRA), chaired by Islam Ezzam, has approved four companies to engage in a range of non-banking financial activities, as part of its ongoing efforts to enhance the efficiency and competitiveness of the sectors under its supervision, expand financial services, strengthen Egypt’s investment appeal and broaden access to financial services.

The approvals include the granting of a temporary licence to Al Ahly Healthcare Services to conduct Third Party Administrator (TPA) activities under the Unified Insurance Law No. 155 of 2024 and the FRA’s Decision No. 229 of 2025, which establishes the regulatory framework governing the activity.

With this latest approval, the FRA has now granted temporary licences to nine companies to operate as Third Party Administrators (TPAs), while one company has received a temporary licence to conduct specialised medical insurance, or Health Maintenance Organisation (HMO), activities. A number of other companies are still in the process of meeting the regulatory requirements.

The Authority also approved the registration of the Egyptian Services and Collection Company in its register of companies authorised to collect financial receivables on behalf of non-banking finance companies and institutions. The company becomes the third to be registered for debt collection activities, while applications from more than 30 other companies are currently under review.

In addition, the FRA authorised Prime Securities Brokerage to trade government securities and financial instruments in the secondary market. Arabeya Online Brokerage also received approval to trade Global Depositary Receipts (GDRs) corresponding to securities listed on the Egyptian Exchange (EGX).

The Authority grants such approvals as part of its constitutional and legal mandate to regulate and supervise non-banking financial markets and instruments, including capital markets, futures exchanges, insurance activities, mortgage finance, financial leasing, factoring and securitisation. It is also responsible for approving the establishment and licensing of companies operating in these sectors.

Incorporation and licensing decisions are issued based on the recommendations of the FRA’s Committee for the Incorporation and Licensing of Companies and their Branches. The committee examines applications and issues preliminary and final approvals for companies, reviews requests to add new activities and business mechanisms, and considers applications to open, close or relocate branches.

The committee is also responsible for approving amendments to companies’ articles of association, remuneration and incentive schemes, overseeing changes to companies’ legal and regulatory status, including entry into or exit from the legal frameworks governing securities and consumer finance companies, and examining applications for liquidation or the voluntary temporary suspension of business activities.

Daily News-


Egypt’s Gypto Pharma City and Djibouti-based Bacha Group have signed a memorandum of understanding (MoU) to establish a strategic partnership aimed at strengthening pharmaceutical security and expanding the reach of Egyptian-made medicines across the Horn of Africa and East Africa.

The agreement was signed during an official visit by a high-level Djiboutian delegation led by Hibo Bacha, Chairperson of Bacha Group, Vice Chairperson of the Egyptian-Djiboutian Business Council, and President of the Djiboutian Businesswomen Association.

The discussions focused on strengthening strategic cooperation between Egypt and Djibouti in the pharmaceutical sector, building on the longstanding ties between the two countries and their shared commitment to advancing sustainable development and healthcare security across Africa.

During the visit, Gypto Pharma showcased its integrated manufacturing capabilities and advanced pharmaceutical production facilities, highlighting their compliance with international quality standards and Good Manufacturing Practices (GMP).

The two sides also reviewed the pharmaceutical needs of the Djiboutian market and other East African countries, paving the way for the registration and direct supply of a range of high-quality Egyptian pharmaceutical products to meet the region’s growing healthcare demand.

Beyond exports, the discussions explored opportunities to gradually localise parts of the pharmaceutical manufacturing process by leveraging Bacha Group’s logistics and industrial hub in Djibouti.

The initiative is expected to strengthen pharmaceutical supply chains, enhance value chains and foster industrial integration between the two countries.

The partners highlighted Djibouti’s strategic importance as a logistics and trade gateway linking African, Arab and international markets, positioning it as a key hub for expanding Egyptian pharmaceutical exports to the Horn of Africa and member states of the Intergovernmental Authority on Development (IGAD).

Commenting on the agreement, Amr Mamdouh, Chairperson and Managing Director of Gypto Pharma City, said the partnership represents an important milestone in strengthening Egyptian-African cooperation in the pharmaceutical industry.

He said Gypto Pharma is committed to supporting Egypt’s strategy of deepening cooperation with African countries, stressing that providing safe, effective and high-quality medicines is a cornerstone of healthcare security and sustainable development.

Mamdouh described Djibouti as a strategic partner because of its unique geographical location and pivotal role in regional trade and logistics, adding that the partnership aims to establish a successful model for pharmaceutical and industrial integration while expanding the regional footprint of Egyptian medicines.

For her part, Hibo Bacha praised Gypto Pharma’s advanced manufacturing and technological capabilities, describing the company as a reliable partner capable of meeting the pharmaceutical needs of African markets.

She said the partnership marks an important step towards strengthening economic and healthcare cooperation between Djibouti and Egypt while supporting the supply of high-quality pharmaceutical products to Djibouti and East African markets. She added that both sides look forward to translating the MoU into practical projects that enhance pharmaceutical security and economic integration between the two countries.

The agreement aligns with Egypt’s broader strategy to strengthen its industrial and economic presence across Africa, support regional integration, and reinforce the position of Egyptian pharmaceuticals as a key contributor to healthcare security and sustainable development across the continent.

Daily News-


Prime Minister Mostafa Madbouly reviewed the implementation progress of the Terminal 4 project at Cairo International Airport during a meeting held on Tuesday at the government headquarters in New Alamein City.



The meeting was attended by Minister of Civil Aviation Sameh El-Hefny, Presidential Financial Affairs Adviser Ahmed El-Shazly, Cairo Airport Company Chairperson Magdy Ishak, representatives of engineering consultancy Dar Al-Handasah, and officials from the relevant authorities.



Madbouly highlighted the strategic importance of the new terminal, describing it as a landmark project that will transform Egypt’s main international gateway while reflecting the country’s broader development ambitions.



He said continued investment in expanding and modernising airport infrastructure is essential to supporting Egypt’s comprehensive development plans, meeting rising demand for air travel, and accommodating the sustained growth of global tourism.



During the meeting, El-Hefny reviewed the project’s strategic vision, objectives and implementation status, describing Terminal 4 as one of the flagship national projects aimed at strengthening Cairo International Airport’s position as a regional and global aviation hub.



The minister said the new terminal will have an annual capacity of 40 million passengers and forms part of a broader expansion plan that will increase Cairo International Airport’s total annual passenger capacity to approximately 70 million.



He added that the expansion is designed to keep pace with projected growth in air traffic, enhance the airport’s ability to accommodate more airlines and passengers, and capitalise on Egypt’s strategic location at the crossroads of Africa, Asia and Europe.



El-Hefny said the project represents a strategic investment in the future of Egypt’s civil aviation sector and is expected to enhance the airport’s competitiveness, increase transit traffic, attract more international airlines, and support the growth of tourism, trade and investment.



He noted that the project is aligned with Egypt Vision 2030 by reinforcing the country’s position as a regional hub for aviation and logistics services while increasing the civil aviation sector’s contribution to economic growth and sustainable development.



According to the minister, Terminal 4 will incorporate the latest international airport design and operational concepts, including artificial intelligence and digital transformation technologies, to create a smart, efficient and sustainable operating system.



The project will also place a strong emphasis on environmental sustainability, efficient resource management and enhanced passenger services, in line with international standards.

Trading Economics-

The Ibovespa gained nearly 1% to trade above the 179,000 mark on Tuesday, supported by lower oil prices and growing expectations of a Selic rate cut.The favorable backdrop reinforced expectations that the BCB will lower its benchmark rate from 14.25% on Wednesday. Financial stocks led gains, with Itaúsa rising about 1% and B3 advancing more than 2%. BB Seguridade added over 1% after reporting a 3.2% annual increase in net profit. Vale jumped about 2.5% as iron ore prices strengthened, while utilities also advanced, with Auren and Sabesp gaining around 1.5% each. Ambev and WEG rose about 1%, while Petrobras fell 1% in line with lower oil prices. Investors also awaited earnings from Itaú, Gerdau, RD Saúde, and Prio after the close.

Trading Economics-


The S&P/TSX Composite Index rose nearly 1% to trade above the 35,500 mark on Tuesday after Monday's Civic Holiday, supported by lower oil prices and broad-based gains.Financial stocks advanced, with RBC, TD Bank, BMO, CIBC, and Scotiabank all gaining about 1%. Brookfield Asset Management jumped more than 6% after completing its acquisition of Oaktree. Meanwhile, firmer gold and copper prices fueled a rally in mining shares, with Agnico Eagle up over 5%, Barrick adding nearly 5%, WPM rising more than 6%, and Franco-Nevada, Teck Resources, First Quantum, Lundin Mining and other peers climbing between 3% and 10%. Shopify gained nearly 1.5% ahead of earnings on Wednesday. In contrast, energy stocks declined on weaker oil prices, with Suncor and Canadian Natural down 4%.

Trading Economics-


European stocks climbed to fresh record highs on Tuesday, supported by strong corporate earnings, AI-related shares, and improving global risk sentiment. The STOXX 50 rose 1% to 6,488, while the STOXX 600 gained 0.8% to 657. A sharp drop in oil prices, driven by optimism over Middle East peace negotiations, further lifted equities by easing inflation concerns and reducing expectations of tighter monetary policy. AI-related stocks led gains after Palantir raised its revenue outlook, with BE Semiconductor jumping 7.6% after a Berenberg upgrade, while ASML and Infineon gained 3.4% and 3.2%, respectively. Among earnings movers, Bayer rose 2.9% after beating quarterly estimates. BP fell 4.6% as lower oil prices overshadowed stronger-than-expected earnings, while HSBC slipped 0.2% despite solid results. Zalando tumbled 11.7% after cutting full-year guidance, Lufthansa lost 9% after lowering its outlook, and Hugo Boss was little changed despite reporting sharp declines in sales and EBIT.

Trading Economics-


The FTSE 100 gained 0.3% on Tuesday, lagging behind other major markets as weakness in energy stocks offset a strong rally in mining shares. Investor sentiment improved amid growing expectations that the US and Iran could reach an agreement, easing concerns over potential supply disruptions and pushing oil prices sharply lower. BP shares dropped more than 4.5% despite reporting stronger-than-expected quarterly results, while Shell declined around 2.4%. Smith & Nephew also weighed on the index, falling over 6% after lowering its full-year sales growth outlook. In contrast, mining stocks surged, with Antofagasta up around 7%, Anglo American gaining 5.3%, and Fresnillo rising 4.4%. Rio Tinto, Endeavour Mining, and Glencore also advanced on stronger commodity prices, while HSBC remained broadly unchanged despite solid earnings and a $1 billion buyback announcement.