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03:14 PM Egypt Aluminum expects EGP11.1bn net profits in FY26/27
Cairo - Mubasher: The board members of Egypt Aluminum approved, during its 14 April 2026 meeting, its estimated budget for fiscal year (FY) 2026/2027. The EGX-listed company targets EGP 11.15 billion in net profit after tax as of 30 June 2027, …
ICID stock targets higher levels after breaking EGP 4.10
02:01 PM ICID stock targets higher levels after breaking EGP 4.10
Cairo - Mubasher: The stock of International Company for Investment and Development (ICID) maintained its secondary upward trend, with the price trading above the upward trend line. Its stability above both the short-term and long-term moving …
ElSaeed Contracting stock eyes break above EGP 1.44 amid uptrend
01:47 PM ElSaeed Contracting stock eyes break above EGP 1.44 amid uptrend
Cairo – Mubasher: The stock of ElSaeed Contracting and Real Estate Investment Company is moving in a major upward trend, as it experienced some selling pressure to test a key demand zone at EGP 1.25. Technical analysis noted that the stock …
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12:53 PM Saudi Energy, Kraken to expand in MENA via JV
Riyadh - Mubasher: Saudi Energy Company has finalized agreements with Kraken Technologies Limited to establish a joint venture (JV) headquartered in Riyadh, according to the Saudi Press Agency (SPA). Under the partnership agreement, Saudi Energy …
Bain Capital
12:15 PM Bain Capital opens ADGM office to drive Middle East expansion
UAE - Mubasher: Bain Capital has launched a new office in Abu Dhabi Global Market (ADGM) to strengthen investor partnerships, support portfolio expansion, and lay the groundwork for future regional investments. The Abu Dhabi office will act as a …
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11:09 AM Alexandria New Medical Center secures FRA nod for EGP 120m capital increase
Cairo - Mubasher: The Financial Regulatory Authority (FRA) has approved Alexandria New Medical Center's (ANMC) capital hike by issuing 120 million shares at a nominal value of EGP 1 per share, according to a bourse filing. The EGX-listed company …
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10:28 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of investment funds and the price of each certificate in EGP, except for Azimut …
Shuaa Capital
09:30 AM Shuaa Capital, Gate Capital to launch 1st Saudi fuel retail fund
Dubai – Mubasher: Shuaa Capital Saudi Arabia, a fully owned subsidiary of Shuaa Capital, has signed a memorandum of understanding (MoU) with Gate Capital Financial Services to co-launch the first Saudi fuel retail investment fund. The strategic …
Aramco Digital
08:47 AM Cumulocity, Aramco Digital partner to accelerate industrial digitalization in GCC region
Riyadh – Mubasher: Cumulocity, a global leader in industrial AIoT, has joined forces with Aramco Digital, a tech subsidiary of Saudi Aramco, to expand the deployment of its enterprise-grade platform across the GCC region. Under the signed …
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14 April 05:23 PM Homegrown Ventures closes nearly $23m debut fund to back MENA CPG startups
UAE - Mubasher: Homegrown Ventures has closed its debut Fund I at $22.80 million, which exceeded its initial $20 million target, according to a press release. The venture capital (VC) firm will focus on early-stage consumer packaged goods (CPG) …
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14 April 04:38 PM Atradius launches in UAE to boost MENA trade credit services
UAE - Mubasher: Atradius, a global leader in trade credit insurance and risk management, has expanded its business in the Dubai International Financial Centre (DIFC) in line with its growth strategy in the Middle East, according to a press …
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14 April 03:51 PM Delta Insurance to disburse EGP 337.5m dividends for 2025
Cairo - Mubasher: The shareholders of Delta Insurance Company greenlighted the distribution of EGP 337.56 million in cash dividends for 2025. The EGX-listed company will pay out a dividend of EGP 2.70 per share over two tranches, according to a …
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14 April 03:04 PM Zahraa Maadi unveils distribution date for 2025 cash dividends
Cairo - Mubasher: Zahraa Maadi Investment and Development announced that the payment date of the 2025 cash dividends, according to a bourse filing. The real estate developer will distribute the first installment, valued at EGP 0.10 per share, on …
Orascom Development stock maintains bullish momentum above EGP 26
14 April 02:11 PM Orascom Development stock maintains bullish momentum above EGP 26
Cairo - Mubasher: The stock of Orascom Development Egypt reached unprecedented historical highs near EGP 29.28 before experiencing some declines due to profit-taking. Technical indicators by Mubasher Research showed that the stock maintains its …
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14 April 01:17 PM Cleopatra Hospitals unveils EGP 84m dividends to employee for 2025
Cairo - Mubasher: The ordinary general assembly of Cleopatra Hospitals Group approved distributing EGP 84.08 million bonus to employees only, excluding shareholders. The dividends will be funded from net profits recorded in the 2025 financial …
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14 April 12:05 PM Al Fanar Contracting signs EGP 18m deal in Ras El Hekma
Cairo - Mubasher: Al Fanar Contracting, Construction, Trade, Import, and Export Company inked an EGP 18.15 million contract to execute comprehensive earthworks at a basement project in Ras El Hekma, Marsa Matrouh, according to a bourse filing. …
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14 April 10:12 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of investment funds and the price of each certificate in EGP, except for Azimut …
Reme-D
13 April 04:18 PM Egypt’s biotech startup Reme-D to expand in Middle East via GIF-led funding
Cairo – Mubasher: Egyptian biotech startup Reme-D has secured a $500,000 investment from the Global Innovation Fund (GIF) to scale its molecular diagnostics solutions across Africa and the Middle East. The new funding will support the company’s …
Etihad Airways
13 April 12:16 PM Etihad Airways expands China network to boost global trade connectivity
UAE - Mubasher: Etihad Airways, the national airline of the UAE, has expanded its China network by launching five new routes and adding 28 weekly flights, according to a press release. The airline will operate services from Abu Dhabi Zayed …
Saint-Gobain Egypt
13 April 11:10 AM Saint-Gobain Egypt to inaugurate EUR 215m facilities by September
Cairo – Mubasher: Saint-Gobain Egypt plans to open two new factories in the Suez Canal Economic Zone (SCZONE) and Sadat City by next September, with a total investment of EUR 215 million. The first facility is planned to be Saint-Gobain's largest …
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13 April 09:43 AM Egypt’s Ministry of Finance unveils EGP 95bn T-bills
Cairo – Mubasher: The Egyptian Ministry of Finance announced the issuance of treasury bills (T-bills) with a total value of EGP 95 billion, Mubasher cited the Middle East News Agency (MENA). The average yield on 91-day issuance was 24.46%, with a …
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12 April 04:30 PM Alexandria National Investment submits documents to raise authorized capital, split stock, rebrand
Cairo - Mubasher: Alexandria National Company for Financial Investment has submitted documents to the Egyptian Exchange (EGX) for a capital increase, stock split, and amendments to its name, headquarters, and legal domicile. The EGX-listed company …
Egypt’s Minister of Housing, Utilities & Urban Communities with Acwa Power Company's delegation
12 April 04:24 PM Egypt, Acwa Power discuss cooperation in seawater desalination projects until 2050
Mubasher: Randa El-Menshawy, Egypt’s Minister of Housing, Utilities & Urban Communities, held talks with a delegation from Acwa Power Company to discuss the operation of seawater desalination plants within the framework of the strategic plan for …
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12 April 03:11 PM FRA grants initial approval for South Valley’s rights issue
Cairo - Mubasher: The Financial Regulatory Authority (FRA) has no initial objection for South Valley Cement Company's rights issue invitation to existing shareholders to raise its issued capital. The subscription consists of 482.25 million shares …
The Ivy
12 April 02:31 PM IHC-backed DIAFA buys majority stake in Caring hospitality empire
Abu Dhabi – Mubasher: DIAFA, a luxury hospitality platform and affiliate of Abu Dhabi’s International Holding Company (IHC), has acquired a majority stake in Richard Caring’s portfolio. DIAFA took over The Ivy Brasseries as well as The Birley …