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Bassem Kadry
Economic Writer
Articles & Analysis
2
أسعار الذهب ٢٠٢٦: اللي بيطبع الدولار… بيشتري الذهب
الذهب كسر ٤٤٠٠ دولار، الأمريكان بيبيعوا والبنوك المركزية بتشتري بأكبر كمية في التاريخ. حد فيهم غلطان… مين اللي شايف حاجة الباقي مش شايفها؟
Tax Sukuk… A Brilliant Idea, But Let's Hope We Aren't Spending Tomorrow's Taxes Today
Egypt is studying a new financing instrument called Tax Sukuk: taxpayers pay tomorrow's taxes today in exchange for a yield. The article explains why the idea is genuinely clever, and why its very cleverness is the source of concern: because we are not creating new revenue, we are pulling future money to spend today. If the proceeds go toward productive projects that expand the tax base, this is r
News
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Aldar Properties Jumps 8% in Relief Rally Linked to Oil Cycle and Gulf Economy
Shares of Aldar Properties, the UAE's largest listed developer, rose 8% during a relief rally, highlighting a tight correlation between the stock's performance, the oil price cycle, and confidence in the Gulf economy.
Air Arabia Soars 7% on Hormuz Hopes, Remains Hostage to Geopolitical News
Air Arabia's stock rose 7% in a relief rally linked to de-escalation in the Strait of Hormuz and summer travel demand, while regional aviation stocks remain vulnerable to geopolitical news fluctuations.
Dubai and Abu Dhabi Indices Falter Under Pressure from Hormuz Crisis Despite Partial Recovery
The Dubai and Abu Dhabi indices end trading with an annual loss exceeding 2%, under the weight of the Strait of Hormuz crisis that impacted investor appetite, despite a partial recovery in recent months.
Copper Pushes FTSE 100 Mining Stocks into De Facto Bull Market Amid Tight LME Inventories
Copper prices are driving major FTSE 100 mining stocks toward a de facto bull market, with daily LME inventories serving as the key indicator to track any shift in supply pressures.
All Eyes on UK Inflation Data: A Third Reading Above 2.9% Could Accelerate Rate Hikes
Markets await the release of UK CPI data for August this week, as recording a third consecutive reading above 2.9% would put pressure on the MPC to accelerate rate hike discussions in September.
UK Inflation Rises to 2.9% in August, Exceeding Bank of England Target
The UK inflation rate rose to 2.9% in August compared to 2.6% in July, exceeding the Bank of England's 2% target, while the broader CPIH index reached 3.1%.
Bank of England Holds Interest Rate at 3.75% and Warns of Upside Inflation Risks
The Bank of England kept its interest rate unchanged at 3.75% in the July Monetary Policy Committee meeting, highlighting in the meeting minutes upside inflationary risks that warrant caution.
FTSE 100 Posts Best Weekly Performance Boosted by Gold and Copper Rally
The FTSE 100 index ended its week with its best performance this year, driven by gold rising to $4,627 and gains in copper, while the FTSE 250 logged its first weekly drop in six weeks.
MicroStrategy Jumps 7.6% Driven by Bitcoin and Trump's Crypto Legislation
MicroStrategy stock rose 7.6%, benefiting from Bitcoin's rally and the progress of the Clarity Act championed by Trump, signaling a clearer regulatory framework for cryptocurrencies.
Ross Stores Jumps 8% Following Strong Quarterly Results Highlighting US Consumer Resilience
Ross Stores reported second-quarter results that beat expectations, driving its stock up 8.1% in a sign of the US consumer's resilience against price pressures.
Coinbase Jumps 8.5% as Bitcoin Soars to $76,927
Coinbase stock rose by 8.5% following a single-day 7% jump in Bitcoin to $76,927, boosting trading volume expectations on the platform and injecting strong momentum into the stock.
Robinhood Jumps 11% Driven by Bitcoin and Digital Assets Rally
Robinhood shares surged by more than 11% in a single session, benefiting from a strong rally in Bitcoin and digital assets that lifted digital trading platform stocks along with them.
Moderna Jumps 17% After Positive Results for Its mRNA Cancer Vaccine in Phase III
Moderna shares jumped 17% after positive Phase III trial results for its mRNA cancer vaccine, boosting sentiment in the biotechnology sector and raising questions about the rally's sustainability.
US Markets Break Three-Week Winning Streak with Eyes on Monday's Open
The S&P 500 closed up 0.43% on Friday but recorded a 1.4% weekly loss, breaking a three-week winning streak, while construction materials and healthcare led and tech and energy declined.
Nvidia to Unveil Results Wednesday Alongside Salesforce and CrowdStrike on a Pivotal Earnings Night
Nvidia releases its Q2 FY2027 results after Wednesday's close, with data center revenue and Blackwell guidance set to dictate Nasdaq's direction heading into Jackson Hole.
Markets Digest Details of Bessent's Sanctions as Investor Focus Shifts to China's Response and Bond Yields
Markets are digesting details of Bessent's sanctions on Tuesday amid anticipation of China's response, while investors watch the 10-year Treasury yield at 4.74%, with a break above 4.80% likely to unsettle equities.
Dollar Drops Below 100 Level, Opening Door for Commodities and Emerging Markets Rally
The Dollar Index fell below 100 points in a bullish signal for commodities, gold, and emerging market equities, but any hawkish remarks at Jackson Hole could swiftly reverse this trend.
Bitcoin Jumps 22% in a Single Week Amid Wave of Rotation Toward Alternative Stores of Value
Bitcoin rose 22% over a week in a wave of rotation toward alternative stores of value, amid concerns over the U.S. fiscal deficit and questions about the role of traditional assets in institutional portfolios.
Bank of Japan Prepares to Raise Interest Rates After Inflation Accelerates for Second Consecutive Month
The Bank of Japan is preparing to raise interest rates after inflation accelerated for the second consecutive month, while the dollar fell against the yen to 158.96 following the central bank's intervention in the foreign exchange market.
U.S. Stocks Rise Supported by a 7% Bitcoin Surge and Gold Hitting Record Levels
U.S. indices rose on Friday, August 21, as Bitcoin surpassed $77,000 with a 7% gain, gold climbed to $4,647, and basic materials led the session's gains.
Washington Designates Two UAE Exchange Companies on Sanctions Lists for Supporting Iranian Banking Network
In August 2026, the US Department of the Treasury designated two UAE exchange companies for supporting the Iranian Rahbar banking network, marking a first-of-its-kind precedent at this level.
Kuwait Investment Authority Manages $960 Billion Without Major Announcements in August
The Kuwait Investment Authority did not make any major announcements during August 2026, as it continues to manage a portfolio of approximately $960 billion as one of the largest sovereign wealth funds in the world.
UAE Real Estate Resists While ADNOC Declines Despite Brent Above $91
UAE real estate markets continue to benefit from population inflows, but rising dollar yields pressure oil infrastructure stocks despite Brent holding above $91.
OpenAI Prepares Its Public Offering Filing for September Amid Monthly Losses Exceeding $1 Billion
OpenAI confidentially filed its S-1 in June and is heading toward a September listing, with monthly revenues of $2 billion and a loss of $1.22 for every dollar earned.
Google Automatically Converts Broad Search Campaigns to AI Max Before September 2026
Google is automatically upgrading broad search campaigns to AI Max in September 2026 with text customization enabled by default, tightening advertisers' control over their messaging.
From BMW to Merck: Strategic Capital Is Doing the Job Crossovers Did in 2021
One day's follower lists spanned BMW, Dell, Citi, Samsung, Bajaj, Magna, Merck, Sanofi and Lilly, a sign corporate money now does the price validation work.
Meta says its AI model hacked another company, adding to worries about bots going rogue
Meta says its AI model hacked another company, adding to worries about bots going rogue AP News OpenAI’s models shared hacking tips on a secret messaging board before Hugging Face breach Politico OpenAI warns autonomous hacks are ‘watershed moment for computer security’ Cybersecurity Dive Incident Report: unsanctioned agent behaviour during cyber testing The AI Security Institute (AISI) AI models