Trading Economics-


The Federal Reserve cut the federal funds rate by 25bps during its September 2025 meeting, bringing it to the 4.00%–4.25% range, in line with expectations. It is the first reduction in borrowing costs since December. Policymakers noted that recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated.

Federal Reserve Board-


The Federal Reserve has made the following decisions to implement the monetary policy stance
announced by the Federal Open Market Committee in its statement on September 17, 2025:
• The Board of Governors of the Federal Reserve System voted to lower the interest rate paid
on reserve balances to 4.15 percent, effective September 18, 2025.
• As part of its policy decision, the Federal Open Market Committee voted to direct the Open
Market Desk at the Federal Reserve Bank of New York, until instructed otherwise, to
execute transactions in the System Open Market Account in accordance with the following
domestic policy directive:
"Effective September 18, 2025, the Federal Open Market Committee directs the Desk to:
o Undertake open market operations as necessary to maintain the federal funds rate
in a target range of 4 to 4-1/4 percent.
o Conduct standing overnight repurchase agreement operations with a minimum bid
rate of 4.25 percent and with an aggregate operation limit of $500 billion.
o Conduct standing overnight reverse repurchase agreement operations at an
offering rate of 4 percent and with a per-counterparty limit of $160 billion per
day.
o Roll over at auction the amount of principal payments from the Federal Reserve's
holdings of Treasury securities maturing in each calendar month that exceeds a
cap of $5 billion per month. Redeem Treasury coupon securities up to this
monthly cap and Treasury bills to the extent that coupon principal payments are
less than the monthly cap.
o Reinvest the amount of principal payments from the Federal Reserve's holdings of
agency debt and agency mortgage-backed securities (MBS) received in each
calendar month that exceeds a cap of $35 billion per month into Treasury
securities to roughly match the maturity composition of Treasury securities
outstanding.
o Allow modest deviations from stated amounts for reinvestments, if needed for
operational reasons."

Company Name : Northern Upper Egypt Development & Agricultural Production
ISIN Code : EGS52041C018
Reuters Code : NEDA.CA
Content :
AGM minutes after certification
Assembly Date : 09/09/2025

AGM Minutes (9,957 KB)

The Listing Committee held on 17/09/2025 has approved to:
'List the capital decrease for Cleopatra Hospital Company, from EGP 722,717,101.5 to EGP 721,892,813.
'Such capital decrease is through terminating 1,648,577 treasury stocks at a par value of EGP 0.50 per share.
Consequently, the company's listed capital shall be EGP 721,892,813 distributed over 1,443,785,626 shares at par value of EGP 0.50 per share.
'These amendments shall be added to EGX database effective 22/09/2025 trading session.

Issuer Name : Tamweel Securitization 2nd Iss 3rd Pro Tranche A Dec 2025
ISIN Code : EGB69781S304
Reuters Code : EGBTMSC2P3ACF
Interest Type : Fixed
Coupon Interest : 26.4%
Coupon Amount : EGP 0.1658216079
Coupon Number : 9
Coupon Date : 29/09/2025
Coupon Payment Date : 30/09/2025
Notes :
Bond Redemption: EGP 5.0276520865

Company: Rowad Tourism (Al Rowad)
Symbols: EGS70281C018
Reuters: ROTO.CA
Content: Minutes of the AGM held on 10/09/2025

AGM Minutes (3,169 KB)

Company Name : B Investments Holding S . A . E
ISIN Code : EGS691T1C010
Reuters Code : BINV.CA
Content :
With reference to the announcement published on the trading screens on 17/09/2025 regarding the invitation to the AGM scheduled to be held on 13/10/2025, a clarification release was sent from the company.

Release from the Company (178 KB)

SPA-


The Qatar Stock Exchange index closed today's trading higher by (104.45) points, equivalent to (0.94%), reaching a level of (11226.03) points.
During the session, (243) million, (650) thousand, and (118) shares were traded, with a value of (587) million, (614) thousand, and (626,399) riyals, through (30,642) transactions across all sectors.
The shares of (39) companies rose during the session, while the shares of (10) other companies declined, while (3) companies maintained their previous closing price.
The market capitalization at the end of the trading session amounted to (671) billion, (953) million, (535) thousand, and (832,370) riyals, compared to (666) billion, (8) million, (469) thousand, and (95,799) Qatari riyals in the previous session.

H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), is participating on Wednesday in the 49th Annual Meeting of the Council of Arab Central Banks and Monetary Authorities’ Governors, hosted by the Republic of Tunisia. The event is attended by Governors of Arab central banks, along with a number of distinguished representatives from regional and international financial institutions.

In this regard, Mr. Abdalla stated, “I am honored to participate in the current session of the Council of Arab Central Banks and Monetary Authorities’ Governors, which serves as an annual platform for regional dialogue and cooperation on economic and monetary trends, as well as for advancing economic development across our Arab region. This year’s session comes at a critical time, in light of the successive challenges confronting the global economy, particularly those arising from trade wars.” He further emphasized that these conflicts create multifaceted pressures that demand precise and timely responses from central banks.

Furthermore, Mr. Abdalla underscored that encouraging increased domestic production and strengthening productive capacities are two core pillars in containing inflationary pressures and achieving long-term economic stability. He also affirmed the commitment of central banks to advancing their tools and approaches in line with the evolving global economic landscape, ensuring price stability while supporting the resilience and adaptability of the economy in the face of future challenges. Additionally, central banks remain focused on enhancing transparency by clearly explaining the fundamental drivers and basis of monetary policy decisions, thereby boosting credibility and reinforcing the effectiveness of such policies.

The ongoing session, chaired by the Governor of the Central Bank of Sudan, addresses several key topics, including the challenges central banks face in managing shocks and pressures resulting from trade wars, frameworks to strengthen cybersecurity and resilience of the financial sector. The session will also track progress on the Comprehensive Instant Digital Payments Initiative in Arab Countries.

Moreover, the session involves reviewing and adopting the outcomes from technical committees, where representatives from Arab central banks take part. These committees specialize in banking supervision, financial inclusion, green financing, credit reporting, financial stability, payment and settlement systems, and FinTech. Additionally, a closed session is scheduled to discuss preparations for the launch of the third round of mutual evaluations and the challenges facing the Middle East and North Africa Financial Action Task Force (MENAFATF), focused on anti-money laundering and countering the financing of terrorism (AML/CFT).

On a related note, the CBE hosted the 48th Annual Meeting of the Council of Arab Central Banks and Monetary Authorities’ Governors last year under the auspices of H.E. President Abdel Fattah El-Sisi. Mr. Abdalla, Governor of the CBE, recently participated in the Permanent Bureau of the Board of Governors of Arab Central Banks meeting held in Abu Dhabi in July 2025.

The semi-annual financial and income report released today showed that the Egyptian banking sector continued its strong performance during the first half of 2025, recording remarkable growth across various financial indicators.
According to the report, total bank capital reached approximately EGP 596.48 billion by the end of last June, while net profits for banks—excluding the Central Bank—recorded approximately EGP 274.93 billion. Net returns also rose to EGP 503.634 billion, while net operating revenues reached approximately EGP 661.123 billion by the end of the same period.
The report indicated that the total assets of Egyptian banks, excluding the Central Bank, rose to approximately EGP 24.023 trillion by the end of the first half of the year, reflecting the strength of the banking sector and its ability to grow and expand.
The report also indicated that total balances held by banks within Egypt amounted to approximately EGP 3.041 trillion, while balances held by banks abroad reached approximately EGP 1.57 trillion, reflecting the diversity and spread of Egyptian banks' portfolios both locally and internationally.

Al MAl-


On Thursday, the Central Bank of Egypt (CBE) issued treasury bills worth EGP 85 billion, with maturities of 182 and 364 days, in coordination with the Ministry of Finance, to finance the budget deficit.
Treasury bills are government debt instruments issued for maturities ranging from three months to one year; therefore, they are considered short-term securities.
According to the Central Bank's website, the value of the first offering is approximately EGP 40 billion, with a maturity of 182 days, while the value of the second offering is EGP 45 billion, with a maturity of 364 days.
The Ministry of Finance authorizes the CBE, throughout the fiscal year, to manage its own offerings of treasury bills and bonds in Egyptian pounds, with the proceeds to be used to finance and spend the state's general budget for the current fiscal year.
The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided, in its meeting on Thursday, August 28, 2025, to reduce the overnight deposit and lending rates, and the rate of the central bank's main operation, by 200 basis points to 22.00%, 23.00%, and 22.50%, respectively. The committee also decided to reduce the credit and discount rates by 200 basis points to 22.50%.

SPA-


The Egyptian Stock Exchange indices closed higher today.
The market capitalization of listed companies gained approximately (6) billion Egyptian pounds, ending trading at (2.494) trillion Egyptian pounds, with total trading amounting to approximately (26.8) billion Egyptian pounds. Stock market trading amounted to approximately (3.1) billion Egyptian pounds.
The main index of the Egyptian Stock Exchange (EGX 30) rose by (0.38%) to reach (34,974.84) ​​points. The index of small and medium-sized enterprises (EGX 70) also increased by (0.2%) to reach (10,612.7) points. The broader index (EGX 100) rose by approximately (0.22%) to reach (14,065.78) points.

(ONA)-

Muscat Stock Exchange (MSX 30) index today closed at 5,118.07 points, gaining 16.2 points, or 0.32%, compared to the last trading session's close of 5,101.88 points.

The trading value reached RO 13,360,609, decreasing by 27.1% compared to the last session's value of RO 18,339,585.

MSX report indicated that the market value went up by 0.183% from the last trading day, reaching approximately RO 30.13 billion.

The value of shares purchased by non-Omani investors reached RO 1,178,000, constituting 8.82% of the total, while the value of their sales amounted to RO 1,049,000, or 7.85%. Consequently, the net investment by non-Omanis increased by RO 129,000, or 0.97%.

(ONA)-


SOHAR Port and Freezone, in collaboration with the Ministry of Transport, Communications, and Information Technology and Asyad Group, hosted the "Sohar Port and Freezone Maritime Excellence Gathering" during the 2025 London International Shipping Week.

The event aimed to highlight and solidify Oman's strategic position as a global hub for maritime trade, logistics, and green innovation, in line with the objectives of Oman Vision 2040.



Eng. Khamis Mohammed Al Shamakhi, Undersecretary of the Ministry of Transport, Communications, and Information Technology for Transport, stated in his speech that Oman's maritime sector is entering a new phase that goes beyond just infrastructure development. He said it now includes building an integrated ecosystem characterized by flexibility, innovation, and regional integration. He added that the London International Shipping Week provided an opportunity to showcase Oman's achievements and to exchange experiences and insights with global leaders in the shipping, trade, and logistics sectors.

Discussions during the event focused on global challenges and opportunities and the main priorities shaping the future of the maritime sector, such as improving supply chain resilience, enhancing efforts to reduce emissions, and streamlining trade procedures.

Omar Mahmood Al Mahrizi, CEO of Asyad Ports and Freezones at Asyad Group, noted that the group undertakes a pivotal role in boosting the competitiveness of Oman's ports and maritime transport sector and connecting them to global markets through integrated logistics solutions to establish its position as a leading hub for trade and logistics.



Emile Hoogsteden, CEO of SOHAR Port, emphasized the strategic role of the integrated ecosystem at Sohar Port and Freezone. "We are working to develop a comprehensive maritime system supported by the latest technologies, sustainable solutions, and international partnerships. This will strengthen the position of Sohar Port and Freezone and the Sultanate of Oman as an attractive destination for investment, talent, and innovation, as well as a major gateway for Oman's trade exchange," he said.

On the sidelines of the event, Sohar Port and Freezone signed several memorandums of understanding with major international institutions in the areas of sustainable fuels, maritime services, talent development, enhancing safety standards, collaboration on event organization, and international media outreach. These agreements will further cement Oman's position in the global maritime sector.

(BNA)-


The Bahrain Association of Banks (BAB) announced that it will be hosting its annual reception for Bahraini banks in Washington, D.C., on October 16. The event will coincide with the Annual Meetings of the International Monetary Fund (IMF) and the World Bank and is expected to attract high-level participation from Bahraini banks, along with prominent leadership and executive delegations from across the financial and banking sectors.


The reception is supported by leading financial institutions, with National Bank of Bahrain (NBB), Bank of Bahrain and Kuwait (BBK), Al Salam Bank, and Kuwait Finance House (KFH) as platinum sponsors, joined by Bank ABC, Gulf International Bank, and GFH Financial Group as gold sponsors, in addition to Gulf Air as the exclusive airline partner. The event is set to welcome a distinguished group of global financial and banking leaders, including government officials, central bank governors, senior representatives from both the public and private sectors, and other key stakeholders.



Yaser Al Sharifi, Chairman of BAB, said that organising this annual event reflects BAB’s commitment to reinforcing Bahrain’s position as a premier regional financial centre in global forums. He highlighted that hosting this reception underscores both the strength of Bahrain’s financial services sector and the Kingdom’s strategic importance within the international financial community.



Zeeba Askar, CEO of BAB, highlighted that the reception has become a vital platform to highlight the milestones, strengths, and opportunities of Bahrain’s financial and banking sector, expressing gratitude to the supporting organisations and sponsors whose partnership is key to the event’s success and its position on the international financial industry agenda.