ADNOC Supply and Services and TA’ZIZ have signed a 50-year agreement to build the UAE’s first dedicated chemicals port in Ruwais, with a project cost exceeding AED 1 billion, expected to complete in 2026.

IMF Managing Director Kristalina Georgieva predicts the US Federal Reserve may cut interest rates again this year, balancing slowing growth and inflation trends. She highlighted the US economy's 3.8% growth in Q2 and strong consumer demand despite weaker employment indicators.

Gold pulled back on Thursday after hitting a new record above $4,000 per ounce, amid expectations of U.S. interest rate cuts and global political turmoil prompting investors to take profits.

The dollar steadied on Thursday, heading for its best weekly performance in nearly a year, supported by a weak Japanese yen and euro amid political turmoil in Japan and France and a U.S. government shutdown. Gold retreated after hitting a record high, with markets expecting further rate cuts.

On Thursday, October 9, 2025, the US dollar exchange rate against the Egyptian pound was recorded across major banks, ranging between 47.43 and 47.62 EGP for buying and selling.

Central banks increased global gold reserves by 15 tons in August, while the price of 21-carat gold in Egypt surged to 5430 Egyptian pounds. Goldman Sachs adjusted its gold price target to $4900 per ounce.

IMF Managing Director Kristalina Georgieva warns of a severe correction in AI stock prices due to unprecedented market capitalization levels in 25 years, while noting the global economy is better than feared but still faces significant challenges.

Gold prices remain above $4000 per ounce, hitting a historic high amid geopolitical and global economic concerns. Analysts expect the rally to continue through 2026, supported by central bank purchases and delayed interest rate hikes.

The European Investment Bank has granted a €500 million loan to finance the construction of 122 kilometers of highways between Pitești and Sibiu in Romania, aiming to reduce travel times, improve safety, and enhance economic connectivity.

SoftBank shares surged more than 10% after announcing the acquisition of ABB's robotics division for $5.4 billion, strengthening its position in superintelligent AI.