Trading Economics-


The S&P/TSX Composite index fell nearly 1% to trade below 33,500 on Wednesday following the BoC's and the US Fed's decision to hold interest rates. The BoC kept its policy rate at 2.25%, as expected, maintaining a wait-and-see approach amid ongoing US-Iran tensions that continue to stoke inflationary fears. Meanwhile, the Fed held its benchmark interest rate in the range of 3.5% to 3.75%, citing the surge in oil prices and increased economic uncertainty from the Iran war. Major banks including BMO and the Royal Bank of Canada lost about 1%. Meanwhile, the oil spike has lifted energy stocks in recent sessions, while gold prices edged lower, pressuring miners. Canadian Natural gained near 2% while Agnico Eagle lost nearly 3%. Separately, major US tech companies including Microsoft, Alphabet, Meta, and Amazon are set to report earnings after the close on Wall Street, potentially influencing Canadian tech stocks. Shopify shed near 1%.

Trading Economics-


The Shanghai Composite Index rose 0.71% to close at 4,108 on Wednesday, reaching its highest level in over a month, while the Shenzhen Component Index added 1.96% to 15,121, primarily driven by notable gains in heavyweight stocks. BYD climbed 3.86% after Q1 results surpassed expectations, while Contemporary Amperex Technology surged 4.05%. Other large-cap stocks also advanced, including Zhongji Innolight (2.55%), Midea Group (1.07%), and PetroChina (1.31%). In contrast, Foxconn fell 4.41% even after reporting strong triple-digit growth in AI-related revenue and profits. Meanwhile, China’s Politburo reaffirmed a “proactive” fiscal stance and an “appropriately loose” monetary policy, echoing previous messaging and signaling no immediate plans for additional stimulus.

Trading Economics-


The benchmark KOSPI rose 0.75% to close at 6,691 on Wednesday, resuming its record rally after opening lower,The index maintained an upward bias despite cautious global sentiment, supported by continued demand following recent record highs. Sentiment was underpinned by positioning into Samsung Electronics’ earnings and steady performance in select large-cap technology names, helping anchor the broader market despite earlier softness in semiconductors. At the same time, the index was supported by sector rotation, with gains led by Samsung Electronics (1.58%), SK Square (2.22%), Hanwha Aerospace (1.72%), Doosan Enerbility (1.10%), and HD Hyundai Heavy Industries (3.45%), while SK Hynix (-0.62%), Celltrion (-1.45%), and Hanwha Ocean (-1.34%) fell.

Trading Economics-


The NZX 50 edged up 6 points, or 0.1%, to close at 12,770 on Wednesday, after being flat in the morning session and snapping a three-session losing streak, as the RBNZ reiterated its focus on balancing inflation control while supporting economic growth. RBNZ Governor Anna Breman said in a speech today that core inflation remained stable in Q1 within its target band of 1% to 3%. However, while a downbeat session on Wall Street overnight, amid signals of weakness in OpenAI and rising oil prices, weighed on sentiment. The broader index rebounded from its lowest level since March 30, reached a day earlier, supported by gains in healthcare, utilities, financials, and materials. Among gainers were Fisher & Paykel Healthcare (+1.5%), Contact Energy (+1.0%), Infratil (+0.5%), Turners Automotive Group (+0.5%), and Meridian Energy (+0.4%).

Trading Economics-


The S&P/ASX 200 lost 24 points or 0.3% to finish at 8,687 on Wednesday, logging its seventh straight decline and marking a three-week low. Sentiment stayed weak after fresh data showed Australia’s annual inflation accelerated to 4.6% in March from 3.7%, remaining above the RBA’s 2–3% target, though slightly below forecasts of 4.7%. The figures underscored persistent cost pressures that have grown since mid-2025. Meanwhile, the Reserve Bank will meet next week after raising borrowing costs in February and March. Still, losses were partly offset by stronger U.S. before Jerome Powell hands leadership to Kevin Warsh in May. Sector weakness was led by non-energy minerals, consumer non-durables, healthcare, and logistics, with gains in consumer durables and energy minerals helping limit declines. Major laggards included Westgold Resources (-3.3%) and CSL Ltd. (-2.4%), while three of the four largest banks fell between 1% to 1.4%.

Trading Economics-


India’s BSE Sensex rose 0.8% to close at 77,493 on Wednesday, recovering from Tuesday's losses, as upbeat quarterly earnings partly offset rising oil prices and continued foreign outflows. The US signaled it would stick with a naval blockade of Iranian ports as it tries to force Tehran back to the negotiating table, raising the risk of a prolonged energy crisis with guidance on the policy path expected to shape global capital flows and sentiment toward emerging markets. Maruti Suzuki gained 2.8%, despite reporting a surprise decline in the March-quarter profit, following a broadly supportive brokerage response to strong underlying demand trends and forward guidance. Heavyweight Reliance rose 2.7%, extending gains for a third session after its quarterly results. ITC, Tech Mahindra, Bharti Airtel and M&M also advanced solidly, rising between 2%-3.9%. Conversely, IndiGo (-2.4%) and NTPC (-1.3%) posted the biggest losses.

Trading Economics-


The Ibovespa fell more than 0.5% to trade below 187,500 on Wednesday amid persistent concerns that high energy prices will hurt domestic spending and prompt the central bank to maintain restrictive interest rates. Energy prices rose further as no sign emerged that oil supply through the Strait of Hormuz would normalize soon. The impact on inflation was underscored by the sharp increase in the IGM-P, which jumped the most in five years in April. Meanwhile, the central bank is expected to cut the Selic rate by 25 basis points after the close, but recent high inflation data has kept some bets of a hold alive and increased the likelihood of hawkish guidance. Most financials posted losses, with Bradesco down near 1% and Banco Santander edging lower after missing Q1 2026 earnings forecasts. Vale shed over 1% after reporting results below market expectations, while WEG lost nearly 2% on a decline in profits.

(QNA)–


The main Saudi stock index closed Wednesday up 58.12 points, reaching 11,238.07 points, with trading valued at SAR 5.8 billion.

The volume of shares traded reached 357 million shares, with 160 companies recording gains and 93 companies recording losses.

The Saudi parallel market index (Nomu) closed today down 13.20 points, reaching 22,875.76 points, with trading valued at SAR 24 million and a volume of over 3 million shares traded.

Trading Economics-

The FTSE 100 fell more than 1% on Wednesday, slipping to a four-week low and underperforming other European markets as heavyweight pharmaceutical stocks dragged on the index. AstraZeneca dropped over 2% and GSK fell over 6% despite both slightly beating estimates, reflecting pressure on two of the index’s largest constituents. Lloyds Banking eased around 0.8% even after reporting stronger than expected first quarter profit and a more optimistic full year outlook. Haleon declined about 3% after maintaining guidance but flagging weaker US sales due to a mild cold and flu season. Oil prices surged, adding to broader market caution, while global attention turns to earnings from major US tech firms including Alphabet, Microsoft, Amazon and Meta.

Trading Economics-


European stocks closed lower for an eighth session on Wednesday amid more concerns that higher energy prices will raise interest rates and dent earnings prospectives, while markets assessed a batch of earnings results. The Eurozone's STOXX 50 fell 0.4% to 5,814 and the STOXX 600 dropped 0.7% to 602. The US signaled it will maintain the ongoing blockade of Iranian tankers from the Strait of Hormuz in the time being, extending the impasse the prevents tankers from exporting energy and triggering another increase in energy prices. Financial companies and industrials fell further, with Munich Re, Allianz, and Siemens dropping between 3% and 2%. Deutsche Bank dropped nearly 3% after beating first quarter estimates but flagging higher credit provisions. Also, Mercedes Benz and Iberdrola closed lower after posting their results. On the other hand, Airbus and Adidas soared by 5.1% and 8.3%, respectively, on the optimistic guidances. The Fed was due to maintain rates unchanged after the bell.

Trading Economics-


Frankfurt's DAX 40 closed about 0.3% down at 23,944 on Wednesday, the lowest since mid-April and extending losses for the eighth straight session. Market sentiment was hit by a sharp increase in oil prices, In equities, Siemens Healthineers (-3.7%), Hannover Ruck (-3.2%) and Munchener Ruck (-3.1%) posted the biggest declines. Deutsche Bank fell 1.9% despite a jump in profits, as it flagged higher credit provisions. Mercedes-Benz Group shed 0.3%, despite reporting a smaller-than-expected profit decline. On the upside, Adidas surged 8.3% after reporting a stronger-than-expected first-quarter profit.

Trading Economics-


US equities were lower on Wednesday after the Federal Reserve held rates unchanged and presented a mixed outlook, while markets positioned ahead of major earnings. The S&P 500 and the Dow fell 0.5% and 0.8%, respectively, while the Nasdaq 100 was flat. The Fed held rates but regional Fed presidents in the FOMC dissented against an easing bias, reflecting their concerns of inflationary pressures. Hyperscalers Microsoft, Meta, Alphabet, and Amazon, totalling around $11 trillion in market cap, were up to 2% lower ahead of their earnings reports after the bell, set to update their AI capital expenditure that has suppported stocks despite the growing skepticism on their sustainability. AI infrastructure were already in the spotlight after OpenAI reportedly missed targets yesterday. Visa was 10% higher and AbbVie jumped 3% after posting strong results for the last quarter. Also, defensive stocks fell the fresh increase in oil prices on no signs of energy supply from the Middle East.

Federal Reserve Board-


Recent indicators suggest that economic activity has been expanding at a solid pace. Job
gains have remained low, on average, and the unemployment rate has been little changed in
recent months. Inflation is elevated, in part reflecting the recent increase in global energy prices.
The Committee seeks to achieve maximum employment and inflation at the rate of
2 percent over the longer run. Developments in the Middle East are contributing to a high level
of uncertainty about the economic outlook. The Committee is attentive to the risks to both sides
of its dual mandate.
In support of its goals, the Committee decided to maintain the target range for the federal
funds rate at 3‑1/2 to 3‑3/4 percent. In considering the extent and timing of additional
adjustments to the target range for the federal funds rate, the Committee will carefully assess
incoming data, the evolving outlook, and the balance of risks. The Committee is strongly
committed to supporting maximum employment and returning inflation to its 2 percent objective.
In assessing the appropriate stance of monetary policy, the Committee will continue to
monitor the implications of incoming information for the economic outlook. The Committee
would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that
could impede the attainment of the Committee’s goals. The Committee’s assessments will take
into account a wide range of information, including readings on labor market conditions,
inflation pressures and inflation expectations, and financial and international developments.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams,
Vice Chair; Michael S. Barr; Michelle W. Bowman; Lisa D. Cook; Philip N. Jefferson; Anna
Paulson; and Christopher J. Waller. Voting against this action were Stephen I. Miran, who
preferred to lower the target range for the federal funds rate by 1/4 percentage point at this
meeting; and Beth M. Hammack, Neel Kashkari, and Lorie K. Logan, who supported
maintaining the target range for the federal funds rate but did not support inclusion of an easing
bias in the statement at this time.

Trading Economics-


The Fed kept the federal funds rate unchanged at the 3.5%–3.75% target range for a third consecutive meeting in April 2026, in line with expectations. The decision was not unanimous, with Governor Miran voting to lower interest rates by 25bps and three other objecting the language in the statement that suggested the central bank would eventually resume cutting rates. The 8-4 vote marked the first time since October 1992 that four officials dissented against a Federal Open Market Committee decision. The central bank reiterated that it will carefully assess incoming data, the evolving outlook, and the balance of risks in determining the appropriate stance of monetary policy, and stands ready to adjust policy as needed if risks emerge that could hinder the achievement of its objectives. In addition, the Fed noted that developments in the Middle East are contributing to a high level of uncertainty about the economic outlook.

General Summary of Key Corporate News on the Egyptian Exchange and Major Economic Updates
The Egyptian Exchange revealed the key highlights disclosures and announcements of several companies during today’s session (29/04/2026). The most important were as follows:
________________________________________
Catalyst Partners Middle East reports consolidated net profit of EGP 18 million
The consolidated financial results of Catalyst Partners Middle East for the period from 01/10/2024 to 31/12/2025 showed a net profit of EGP 18,918,371.
Key Economic News:
Deputy Prime Minister for Economic Affairs holds meeting to ensure availability of goods and production inputs
Dr. Hussein Issa, Deputy Prime Minister for Economic Affairs, held a meeting at the government headquarters in the New Administrative Capital to follow up on efforts to provide essential goods for citizens and the necessary production inputs to support various industrial sectors. The meeting also reviewed the stability and regularity of supply chains in light of current geopolitical developments.
________________________________________
Minister of Electricity inaugurates the 21st meeting of the Eastern Africa Power Pool (EAPP)
Dr. Mahmoud Esmat, Minister of Electricity, affirmed Egypt’s ongoing and firm commitment to supporting and strengthening regional cooperation in the energy sector with its African partners, particularly the countries of the Eastern Africa Power Pool (EAPP). He emphasized Egypt’s readiness to leverage its technical expertise, surplus generation capacity, and strategic infrastructure to help achieve the pool’s objectives, advance its progress, promote electrical interconnection, enhance energy security, and support sustainable development goals.
He added, during his speech at the opening of the 21st Council of Ministers meeting of the Eastern Africa Power Pool (EAPP), which is chaired by Egypt, and attended by concerned ministers, senior officials, representatives of member states, as well as representatives of regional and international institutions involved in the energy sector, that regional integration is a strategic necessity to maximize the efficient use of available resources.
He stressed that unifying efforts contributes to building an integrated regional energy system that achieves sustainability and promotes prosperity for our peoples, noting that national efforts—no matter how significant—remain insufficient without joint regional cooperation.

The Central Bank of Egypt withdrew EGP 71 billion in liquidity from the open market Yesterday through six participating banks, at an interest rate of 19.50%.

The Central Bank had previously issued instructions regarding the rules governing its main deposit-linking operation in the open market. This operation, conducted weekly through a fixed-price auction, involves announcing the size of the operation and accepting bids based on the ratio of each bank's bid to the total bids submitted, with the main operation's rate applied.

The Central Bank emphasized that, in line with its commitment to following international best practices in managing excess liquidity within the banking system and enhancing the effectiveness of monetary policy decisions, it has decided to change the method for accepting bids in its main deposit-linking operation from an allocation method to accepting all submitted bids. The results of each operation will be published on the Central Bank of Egypt's website. The central bank will continue to manage liquidity in a way that achieves balance to ensure consistency with its operational objective of maintaining the weighted average overnight yield rate in the interbank market around the main transaction rate, which is the average corridor rate.

The National Food Safety Authority announces that the Arab Republic of Egypt has been included, for the first time, on the list of countries authorized to export aquaculture products to the European Union. This follows the fulfillment of all technical requirements and the submission of a comprehensive monitoring system for veterinary drug residues, ensuring full compliance with relevant European standards.

The decision includes the export of finned fish and their products, as well as crustaceans. This represents a significant step towards enhancing access for Egyptian products to European markets and supports the competitiveness of the aquaculture sector, a promising sector within the national economy.

This achievement is the result of effective coordination and integration among relevant national bodies, primarily the National Food Safety Authority, in cooperation with international partners. A comprehensive package of technical documentation was submitted, confirming Egypt's full commitment to the European Union's approved quality and control system. The decision is scheduled to be adopted during the third quarter of 2026 and will come into effect 20 days after its official approval. In a related context, the Authority continues to finalize technical and regulatory procedures within the Arab Republic of Egypt. These procedures include reviewing and accrediting facilities, implementing traceability systems, and enhancing the laboratory testing system. The Authority is also preparing the necessary guarantees and technical files for composite products—food products containing more than one ingredient, including dairy or animal-derived components—in anticipation of submitting them as soon as the relevant amendments are approved during the third quarter of this year. This will enhance opportunities for expanding exports to European Union markets.

This development reflects the growing confidence in Egypt's food safety system and underscores the state's commitment to applying the highest standards of quality and food safety. This supports national exports and contributes to boosting economic growth. The National Food Safety Authority extends its sincere thanks and appreciation to all national and international entities that contributed to achieving this milestone.

Central banks added 244 tons of gold to global reserves in the first quarter of 2026, exceeding both the previous quarter's levels and the five-year average, despite some selling by entities including banks in Turkey and Russia and Azerbaijan's State Oil Fund (SOFAZ), according to a World Gold Council report cited by CNN.

The World Gold Council's Q1 2026 Gold Demand Trends report showed that total quarterly gold demand, including over-the-counter (OTC) trading, rose 2% year-on-year to 1,231 tons. Despite this modest increase in volume, the total value of demand jumped to an unprecedented $193 billion, a 74% increase compared to the same period last year, driven by record-high prices.

At the global market level, individual investors were attracted to the strength of gold's price momentum and its role as a safe haven, which contributed to a 42% year-on-year increase in demand for bullion and coins to 474 tons. Demand in China jumped by 67% to a record high of 207 tons, exceeding the previous quarterly figure of 155 tons recorded in the second quarter of 2013.

Dr. Islam Azzam:

* The Authority's efforts continue to invest in human capital as a key driver of growth in the non-banking financial sector.

* We are continuing to build an integrated training system through partnerships with local and international professional institutions to prepare qualified personnel capable of applying the highest standards of efficiency and governance.

* Expanding training programs and linking them to market needs to support the growth of various activities.

Dr. Islam Azzam, Chairman of the Financial Regulatory Authority, witnessed the signing ceremony of several cooperation protocols between the Financial Services Institute and the Egyptian Directors Center, with the Egyptian Mortgage Finance Federation, the Egyptian Leasing Federation, the Egyptian Consumer Finance Federation, and the Egyptian Factoring Federation. The ceremony was attended by Dr. Mohamed Abdel Aziz, Assistant Chairman of the Authority and Vice Chairman of the Institute's Board of Directors, Dr. Tarek Seif, Executive Director of the Institute, and several other Authority leaders.

This step comes within the framework of the Authority's comprehensive strategy for developing and growing the non-banking financial sector, which focuses on building qualified human resources capable of keeping pace with the rapid transformations in financial markets and enhancing the efficiency of operating institutions to support market stability and protect the rights of consumers.

* The Egyptian Financial Regulatory Authority continues its efforts to invest in human capital as a key driver of growth in the non-banking financial sector. For his part, Dr. Islam Azzam affirmed that these protocols represent an extension of the Authority's efforts to invest in human capital, which is the primary driver of growth and development in the non-banking financial sector.

The Authority's Chairman added that building the capacity of the workforce is no longer an option but a necessity imposed by the nature of the rapid changes in non-banking financial activities, particularly after the rapid growth in the field of financial technology. This growth must be accompanied by a continuous expansion in financial literacy and skills development.

Azzam explained that the Authority provides an integrated educational and training environment through effective partnerships with professional and training institutions both domestically and internationally. The aim is to prepare highly skilled personnel capable of applying the highest standards of efficiency and governance, enhancing the confidence of investors and market participants in the non-banking financial markets, and continuously developing the regulatory and training frameworks that support the sector. This will enhance its attractiveness to investments and achieve sustainable growth rates, within a comprehensive vision aimed at raising market efficiency and strengthening its role in supporting the national economy.

He pointed out that expanding specialized training programs linked to actual market needs contributes to improving the quality of services provided and supports the state's efforts to achieve financial inclusion and enable various segments of society to access innovative and secure financial services. Dr. Tariq Saif, representing the Authority, signed the protocols, explaining that these partnerships with non-banking financial activity associations reflect the integration of roles between regulatory and professional bodies in developing human capital within these vital sectors. He added that they also represent a significant step in the Institute's direction towards aligning training programs with actual market needs and bridging the gap between academic aspects and practical applications in the non-banking financial sector.

He further explained that the Institute is working to develop its programs to facilitate the transfer of practical expertise to targeted personnel, based on evolving needs, sector sizes, and the number of beneficiaries. This includes leveraging the experience of market professionals within the training system, thereby contributing to more effective efficiency and qualification of sector employees.

The protocols aim to maximize the utilization of practical experience and provide opportunities for outstanding individuals from member companies of the associations to join the training system as accredited instructors with the Institute, after passing technical assessments. This ensures the transfer of applied knowledge and enhances the quality of training programs. Areas of cooperation also include developing flexible training plans that respond to the needs of the associations and companies, providing incentives for members, and developing updated training content that reflects market developments. The Authority continues its efforts to develop the professional training and qualification system through the Financial Services Institute, by designing and implementing specialized training programs that cover various non-banking financial activities, with a focus on governance, risk management, financial innovation, and digital transformation, in line with best international practices and enhance the competitiveness of the Egyptian market regionally and internationally. The Authority has previously signed cooperation protocols with specialized academic and training bodies with the aim of developing advanced training programs and building the capacities of workers in non-banking financial activities, by preparing qualified personnel and updating the training content in line with best international practices.

Dr. Islam Azzam:

Cybersecurity is a cornerstone for the success of digital transformation in non-banking financial activities.

Integrated regulatory frameworks support the expansion of financial technology use and promote innovation.
Decision 139 of 2023 is a pivotal step in developing the technological infrastructure and building companies' capabilities for digital transformation.

As part of its ongoing role in developing the non-banking financial activities environment and enhancing its security and stability, the Financial Regulatory Authority (FRA), through its Innovation Center and Regulatory Sandbox, and in cooperation with Liquid C2, organized a specialized awareness session targeting companies under the Authority's supervision and control, as well as companies participating in the Sandbox, with a particular focus on Chief Information Security Officers (CISOs).

This comes within the framework of the Authority's commitment to supporting the non-banking financial sector in all its activities to keep pace with the rapid developments in the field of cybersecurity and enhance compliance with relevant regulatory requirements, thus contributing to building a more secure and resilient financial environment capable of facing increasing digital challenges.

Dr. Islam Azzam, Chairman of the Financial Regulatory Authority (FRA), stated that strengthening cybersecurity is a cornerstone of successful digital transformation. He emphasized the need for a robust technological infrastructure and advanced protection systems capable of countering escalating cyber threats to ensure the secure expansion of digital applications, such as digital finance platforms, e-insurance, and automated non-banking financial services.

He explained that the FRA has adopted a comprehensive package of regulatory and legislative frameworks to support the use of financial technology (FinTech). These include activating the regulatory sandbox as a platform for testing innovative solutions in a secure regulatory environment, and issuing regulations governing the use of FinTech in non-banking financial activities. These regulations cover outsourcing and cloud computing, digital identity, data management and governance, and the establishment of stringent cybersecurity standards.

The Chairman added that Decision No. (139) of 2023 established a comprehensive framework for regulating the technological infrastructure and information systems of companies wishing to conduct non-banking financial activities using FinTech. This framework contributes to standardizing procedures, enhancing performance efficiency, and bolstering trust in digital financial services. The Authority's role extends beyond issuing regulations; it also works to build the capacity of entities under its supervision through training, knowledge transfer, and experience sharing. This ensures their readiness to efficiently adopt digital business models and enhances their ability to manage risks associated with technological transformation.

The session reviewed the regulatory landscape for cybersecurity in Egypt. Participants delved into the requirements of Resolution No. (139) of 2023, presented international best practices in cybersecurity, and offered a practical roadmap to support entities in implementing these requirements efficiently and effectively.

For his part, Eng. Ahmed Khalifa, Executive Director of the Authority's Regulatory Sandbox (FRA Sandbox), highlighted the importance of integrating innovation and regulation. He explained that the Regulatory Sandbox serves as a bridge between promising technological ideas and robust regulatory frameworks.

He added that the Authority aims to provide startups and specialized companies with the necessary support to understand cybersecurity requirements from the early design stages, thus ensuring the protection of financial innovation in Egypt according to the highest international standards. The session was attended by 35 participants representing companies and entities under the Authority's supervision and oversight, and featured significant interaction reflecting a high level of awareness regarding the importance of cybersecurity topics and regulatory compliance requirements.

Participants also expressed a clear desire to expand their discussion on relevant technical and regulatory aspects, particularly those related to artificial intelligence applications, big data analytics, and early risk detection tools. This reflects a growing understanding among regulated entities of the importance of investing in modern technological solutions to enhance their competitiveness.

MENA-


Barclays Bank stated on Wednesday that the United Arab Emirates' decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) will accelerate the growth of the country's oil supplies as it emerges from the current crisis.

Barclays added in a note, as reported by the US website Investing.com, that this move could reassure potential investors that the UAE's economic recovery will not be constrained by the production quotas imposed by the OPEC+ alliance.

In this context, the bank pointed out that oil tanker flows through the Strait of Hormuz remain weak, with the three-day moving average falling to approximately 3 to 4 tankers of crude oil and refined products (including liquefied petroleum gas), which is about 95% lower than last year.

The Strait of Hormuz is a vital waterway through which about 20% of the world's oil and liquefied natural gas supplies pass, and it remains largely closed due to the stalled peace talks between the United States and Iran.

On the other hand, ANZ Bank (Australian-New Zealand Bank) said in a note on Wednesday that the short-term impact of the UAE's exit from OPEC on oil prices remains largely limited, as prices are still driven more by geopolitical factors, inventory levels, and logistical constraints than by institutional changes.

The bank added that while the UAE is no longer subject to the official production limits of the OPEC+ alliance, its ability to convert its production capacity into actual exports will remain dependent on operating conditions in the Gulf region, particularly given the ongoing challenges related to the Strait of Hormuz.

The UAE, the fourth-largest producer within the organization, announced on Tuesday that it would leave OPEC effective May 1.

Youm7-

The US Federal Reserve, the central bank, will announce its interest rate decision today, Wednesday.

The current interest rate range in the United States is between 3.5% and 3.75%.

It is widely expected that the Fed will hold interest rates steady, particularly given the uncertainty surrounding the impact of the Middle East conflict on inflation.

The Federal Reserve aims to reduce inflation—the rise in prices—to its target of 2%.

Youm7-

The National Food Safety Authority announces that the Arab Republic of Egypt has been included, for the first time, on the list of countries authorized to export aquaculture products to the European Union. This follows the fulfillment of all technical requirements and the submission of a comprehensive monitoring system for veterinary drug residues, ensuring full compliance with relevant European standards.

The decision includes the export of finned fish and their products, as well as crustaceans. This represents a significant step towards enhancing access for Egyptian products to European markets and supports the competitiveness of the aquaculture sector, a promising sector within the national economy.

This achievement is the result of effective coordination and integration among relevant national authorities, primarily the National Food Safety Authority, in cooperation with international partners. A comprehensive set of technical documentation was submitted, confirming Egypt's full commitment to the European Union's approved quality and control system.

The decision is scheduled to be adopted during the third quarter of 2026 and will come into effect 20 days after its official approval.

In a related context, the Authority continues to finalize technical and regulatory procedures within the Arab Republic of Egypt. These procedures include reviewing and accrediting facilities, implementing traceability systems, and enhancing the laboratory testing system. The Authority is also preparing the necessary guarantees and technical files for composite products—food products containing more than one ingredient, including dairy or animal-derived components—in anticipation of submitting them as soon as the relevant amendments are approved during the third quarter of this year. This will enhance opportunities for expanding exports to European Union markets.

This development reflects the growing confidence in Egypt's food safety system and underscores the state's commitment to applying the highest standards of quality and food safety, thereby supporting national exports and contributing to economic growth.

The National Food Safety Authority extends its sincere thanks and appreciation to all national and international entities that contributed to achieving this milestone.

Youm7-

The Egyptian Exchange's banking sector index closed Wednesday's trading session up 0.39%, settling at 4,903 points.

Trading in the banking sector reached approximately EGP 465.793 million, representing 5.29% of the total trading value on the exchange.

The sector also saw trading of around 7.530 million shares, accounting for 0.34% of the total volume of shares traded on the exchange today.

The Egyptian Exchange's indices rose at the close of Wednesday's trading session. The benchmark EGX30 index climbed 0.29% to 52,383 points.

The EGX70 index for small and medium-sized enterprises rose 0.36% to 14,023 points, while the EGX100 index increased by 0.52% to 19,626 points.

QNB Egypt announced its participation as a lender in financing Green Sky Capital’s sustainable aviation fuel (SAF) project in Egypt, supporting one of the region’s most prominent sustainable infrastructure projects.

The agreement was signed on behalf of QNB Egypt by Mohamed Badir, CEO of QNB Egypt, during a signing ceremony held for the occasion.

Commenting on this participation, Abdullah Mubarak Al Khalifa, Group CEO of QNB, said: “Supporting the development of Green Sky Capital’s SAF facility reflects QNB’s commitment to supporting projects that deliver economic value and contribute to long-term sustainable outcomes across the region. Financing innovative, technology-based solutions is a key part of the Group’s strategy. SAF is a cornerstone of reducing emissions in the global aviation sector, and this project positions the region at the forefront of a critical strategic growth sector.”

The financing of this project represents a significant milestone in efforts to develop large-scale SAF production capabilities in the Middle East and Africa region and reinforces the region’s role in driving global energy transition priorities. Thanks to its strategic location along the Suez Canal, the project will contribute to enhancing regional energy security and solidifying the region's position within global sustainable fuel value chains.

The project is expected to produce up to 200,000 tons of biofuel annually, which will contribute to reducing CO2 emissions by up to 500,000 tons per year. Commercial operations are targeted to commence by the end of 2027. Based on data from the International Air Transport Association (IATA), Green Sky Capital's new facility alone will contribute more than 10% to the total global production of sustainable aviation fuel.

This transaction reflects QNB Group's continued focus on financing infrastructure and industrial projects that support long-term economic resilience and promote sustainable growth. It also builds on the Group's proven track record of supporting sustainable finance projects.

In a further indication of the strength of the Egyptian capital market's infrastructure, Misr for Central Clearing, Depository and Registry (MCDR) announced its financial results for the fiscal year ending December 31, 2025. The company reported net profits of approximately EGP 1.95 billion, compared to approximately EGP 1.69 billion in 2024, representing a 15% year-on-year increase. This performance reinforces MCDR's exceptional performance and upward trajectory, solidifying its position as one of the most important financial institutions supporting the capital markets.

This strong performance reflects the success of MCDR's strategy in combining financial growth, operational efficiency, and service expansion, along with accelerating digital transformation. This enhances the competitiveness of the Egyptian market and improves the readiness of its infrastructure to keep pace with global developments.

Regarding revenue growth, operating revenues increased by 15% compared to 2024, while investment income recorded a remarkable 29% growth compared to the previous year. This reflects efficient resource management and maximizing shareholder value. Regarding operational performance, the company continued its pivotal role in supporting market efficiency and stability, executing over 28 million settlement transactions during the year with a total value approaching EGP 1.3 trillion, representing a growth rate of nearly 15%. The number of companies registered with the Central Securities Depository (CSD) also increased to approximately 13,700, reflecting a 6% growth, demonstrating enhanced confidence in the CSD system.

Investor services also witnessed significant development, with the company providing approximately 41,000 services to investors during 2025, representing a 6% growth rate. This was accompanied by the continued expansion of electronic signature services, exceeding 73,000 clients and issuing over 33,000 new electronic signature certificates during 2025.

In line with the company's strategy to enhance digital transformation and improve customer service, the company developed and expanded the services offered through its mobile application, "Egypt Clear." This transformed the application into a comprehensive digital platform, enabling investors to access services directly, securely, and quickly. This reflects the company's commitment to promoting smart financial services, with the application boasting 5,500 subscribers by the end of 2025.

In this context, Dr. Khaled Serry Siam, Chairman of the Board of Directors, affirmed that the company's performance in 2025 reflects the strength of its institutional structure and the effectiveness of its governance system, which is a cornerstone of sustainable performance and enhanced market confidence. These results are a testament to the efforts of the company's board of directors, executive management, and all its employees in developing and implementing the company's strategy aimed at achieving institutional and technological development. This strategy focuses on strengthening governance, risk management, and applying international best practices, ensuring sustainable performance and enhancing investor and market confidence in Egypt.

The board also emphasized its commitment to balancing maximizing shareholder returns with maintaining market stability through the adoption of sound operational and investment policies that support sustainable growth.

For his part, Eng. Hisham Mabrouk, the company's Managing Director, stated:

"The company is undergoing a qualitative transformation in its business model, which is reflected in the 2025 results. Growth is no longer solely driven by expanding operations, but is now fueled by revenue diversification, increased operational efficiency, and the expansion of digital solutions. This solidifies the company's position as a key pillar in the digital financial infrastructure, serving all market participants with high efficiency and reliability."

As part of its corporate social responsibility, the company continues to support a number of development initiatives in the fields of health, education, and social welfare, reflecting a balanced approach that combines achieving sustainable financial performance with actively contributing to the community.

Misr for Central Clearing, Depository and Registry (MCDR) is the entity responsible for clearing, settlement, central custody, shareholder register, dividend distribution, and electronic signature services. It was established in accordance with the provisions of Capital Market Law No. 95 of 1992 and operates under Central Depository and Registry Law No. 93 of 2000 and its amendments, with the aim of enhancing market efficiency and supporting a safe and sustainable investment environment.

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 1) for the listed bonds of EFG Hermes Securitization The Third Issuance Tranche C February 2030 Fixed Return.
The total listed value of the bonds after the partial redemption becomes EGP 295,183,000.00 distributed over 2,998,600 bonds at a par value of EGP 98.44027. These modifications will be applied to EGX database effective 30/04/2026 trading session. This bond tranche has been locally rated by MERIS as (A) ، at a fixed annual return rate of 18.25% to be paid after 4 months for the first coupon then will be paid every 3 months then will be paid monthly starting from the 14th month (April 2024).
ISIN Code: EGB69561S409

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 2) for the listed bonds of EFG Hermes Securitization The First Issuance - The Twelveth Program Tranche A January 2027 V.R.
The total listed value of the bonds after the partial redemption becomes EGP 86,463,999.99 distributed over 1,879,350 bonds at a par value of EGP 46.00739. These modifications will be applied to EGX database effective 30/04/2026 trading session. This bond tranche has been locally rated by MERIS as (AA+) ، at a variable annual Return rate Equals to The Lending Rate announced by the Central Bank + Margin 0.25 % to be paid monthly Starting from the Second Month of The Issuance.
ISIN Code: EGB69561S748

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 20) for the listed bonds of EFG Hermes Securitization The First Issuance - The Ninth Program Tranche B July 2026 Fixed Return.
The total listed value of the bonds after the partial redemption becomes EGP 7,066,999.99 distributed over 1,370,250 bonds at a par value of EGP 5.15745. These modifications will be applied to EGX database effective 30/04/2026 trading session. This bond tranche has been locally rated by MERIS as (AA) ، at a fixed annual return rate of 19.90% to be paid after 4 months for the first coupon then will be paid every 3 months then will be paid monthly starting from the 14th month (September 2024).
ISIN Code: EGB69561S474

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 13) for the listed bonds of EFG Hermes Securitization The Second Issuance - Fifth Program Tranche C March 2028 Fixed Return.
The total listed value of the bonds after the partial redemption becomes EGP 67,396,500.00 distributed over 2,537,325 bonds at a par value of EGP 26.56202. These modifications will be applied to EGX database effective 30/04/2026 trading session. This bond tranche has been locally rated by MERIS as (A) ، at a fixed annual return rate of 18.50 % to be paid after 4 months for the first coupon then will be paid Monthly.
ISIN Code: EGB69561S433

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 19) for the listed bonds of EFG Hermes Securitization The First Issuance - The Eighth Program Tranche B September 2026 V.R.
The total listed value of the bonds after the partial redemption becomes EGP 52,595,000.00 distributed over 1,935,200 bonds at a par value of EGP 27.17806. These modifications will be applied to EGX database effective 30/04/2026 trading session. This bond tranche has been locally rated by MERIS as (AA) ، at a variable annual Return rate equal to the Lending Rate announced by the Central Bank+ Margin 0.5 % to be paid starting from the fourth month of the issuance for the first coupon then will be paid every 3 months then monthly starting from the 14th mont.
ISIN Code: EGB69561S508

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 15) for the listed bonds of EFG Hermes Securitization The Second Issuance - Ninth Program Tranche B December 2026 V.R.
The total listed value of the bonds after the partial redemption becomes EGP 37,780,999.99 distributed over 1,557,700 bonds at a par value of EGP 24.25434. These modifications will be applied to EGX database effective 30/04/2026 trading session. This bond tranche has been locally rated by MERIS as (AA) ، at a variable annual Return rate equal to the Lending & Discount Rate announced by the Central Bank (Maximum of 23.25% and Minimum of 19.25%) + Margin 1.15 % to be paid after Four months for the first coupon then will be paid every 3 months then will be p.
ISIN Code: EGB69561S599

Insider Trading Executions: Trading Session 28/4/2026
Company Name: El Badr Investment And Development BID
Position: Insider
Transaction: Sell
Number of Shares: 28446

Insider Trading Executions: Trading Session 28/4/2026
Company Name: Subscription Rights Of South Valley
Cement -1
Position: Insider
Transaction: Buy
Number of Shares: 58

Insider Trading Executions: Trading Session 28/4/2026
Company Name: Digitize for Investment And Technology
Position: Insider
Transaction: Sell
Number of Shares: 427329

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 17) for the listed bonds of EFG Hermes Securitization The First Issuance - Fourth Program Tranche C December 2026 Fixed Return.
The total listed value of the bonds after the partial redemption becomes EGP 59,203,999.99 distributed over 1,588,000 bonds at a par value of EGP 37.28211. These modifications will be applied to EGX database effective 30/04/2026 trading session. This bond tranche has been locally rated by MERIS as (A) ، at a fixed annual Return rate of 10.20% to be paid monthly Starting From February 2023.
ISIN Code: EGB69561S185

Insider Trading Executions: Trading Session 28/4/2026
Company Name: Digitize for Investment And Technology
Position: Insider
Transaction: Sell
Number of Shares: 115000

Insider Trading Executions: Trading Session 28/4/2026
Company Name: Egyptian for Tourism Resorts
Position: Insider
Transaction: Sell
Number of Shares: 15000

Insider Trading Executions: Trading Session 28/4/2026
Company Name: ARAB Developers Holding
Position: Related Parties for Insider
Transaction: Sell
Number of Shares: 5000000

Insider Trading Executions: Trading Session 28/4/2026
Company Name: Prime Holding
Position: Major shareholder
Transaction: Buy
Number of Shares: 321482

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 8) for the listed bonds of EFG Hermes Securitization The Second Issuance - Fourth Program Tranche C January 2028 Fixed Return.
The total listed value of the bonds after the partial redemption becomes EGP 241,421,999.99 distributed over 3,598,900 bonds at a par value of EGP 67.08216. These modifications will be applied to EGX database effective 30/04/2026 trading session. This bond tranche has been locally rated by MERIS as (A) ، at a fixed annual return rate of 15.90% to be paid after 4 months for the first coupon then will be paid every 3 months then will be paid monthly starting from the 14th month (February 2024).
ISIN Code: EGB69561S375

Insider Trading Executions: Trading Session 28/4/2026
Company Name: Prime Holding
Position: Major shareholder
Transaction: Sell
Number of Shares: 203910

Insider Trading Executions: Trading Session 28/4/2026
Company Name: Prime Holding
Position: Insider
Transaction: Sell
Number of Shares: 5000

Insider Trading Executions: Trading Session 28/4/2026
Company Name: GB Corp
Position: Insider
Transaction: Buy
Number of Shares: 9572

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 22) for the listed bonds of EFG Hermes Securitization The First Issuance - Third Program Tranche C December 2027 Fixed Return.
The total listed value of the bonds after the partial redemption becomes EGP 33,177,499.99 distributed over 1,411,875 bonds at a par value of EGP 23.49889. These modifications will be applied to EGX database effective 30/04/2026 trading session. This bond tranche has been locally rated by MERIS as (A) ، At a fixed annual Return rate of 10.25% to be paid monthly Starting From February 2023.
ISIN Code: EGB69561S227

Insider Trading Executions: Trading Session 28/4/2026
Company Name: Palm Hills Development Company
Position: Insider
Transaction: Sell
Number of Shares: 25000

Insider Trading Executions: Trading Session 28/4/2026
Company Name: Palm Hills Development Company
Position: Insider
Transaction: Buy
Number of Shares: 5000

Insider Trading Executions: Trading Session 28/4/2026
Company Name: Palm Hills Development Company
Position: Insider
Transaction: Buy
Number of Shares: 10000

According to the letter received from the MCDR on 29/04/2026 by the periodical partial redemption (installment no. 6) for the listed bonds of EFG Hermes Securitization The Third Issuance - Seventh Program Tranche B December 2027 V.R.
The total listed value of the bonds after the partial redemption becomes EGP 77,427,000.00 distributed over 1,360,000 bonds at a par value of EGP 56.93161. These modifications will be applied to EGX database effective 30/04/2026 trading session. This bond tranche has been locally rated by MERIS as (A) ، at a variable annual Return rate equal to the Lending Rate announced by the Central Bank + Margin 1 % to be paid after 3 months for the First Coupon then will be Paid monthly (Maximum of 30.25% and Minimum of 24.25%).
ISIN Code: EGB69561S623

Insider Trading Executions: Trading Session 28/4/2026
Company Name: Sabaa International Company For
Pharmaceutical and Chemical
Position: Major shareholder
Transaction: Sell
Number of Shares: 500000