Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices tumbled on Thursday, after showing a positive performance yesterday. The EGX30 main index dropped 4.50% to 28,332.65 points. The small- and mid-cap EGX70 EWI plunged by 4.82% to 6,504.19 …
Abu Dhabi – Mubasher: E7 Group penned multiple new contracts to provide security solutions and commercial printing services across the MEA region. The agreements align with the group’s strategy to boost global expansion and profitable growth, …
Cairo – Mubasher: Cleopatra Hospitals Group (CHG), has entered into a strategic partnership with Mumtada Medical Care Company, the healthcare arm of Saudi Arabia’s Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail), to launch 200-bed rehabilitation …
Mubasher: areeba, a leader in payment solutions and processing services, announced the successful certification of its in-house-developed switch by Mastercard, according to a press release. The two parties join forces to provide world-class …
Cairo – Mubasher: The Ordinary General Meeting (OGM) of Madinet Masr Housing and Development has approved the distribution of EGP 0.20 in cash dividends for 2023. The dividends are set to be paid in two instalments, the first of which amounts to …
Cairo – Mubasher: A subsidiary of the National Bank of Egypt (NBE) has submitted a request to launch a new gold investment fund, said Mohammed Fareed, Chairman of the Financial Regulatory Authority (FRA). The clientele of the only two gold …
Cairo - Mubasher: Egypt's Prime Minister, Mostafa Madbouly, stated that Thursday, 25 April, will be an official holiday on the occasion of Sinai Liberation Day, according to the Cabinet’s statement. The holiday will be fully paid for all employees …
UAE – Mubasher: UAE-based fintech Fortis has closed a Series A funding round valued at $20 million from Opportunity Venture, according to a press release. Fortis, a retail tech and fintech solutions provider tailored for SMEs, will use the …
Cairo – Mubasher: The Potcast Productions Company, and Egyptian podcast production firm, has concluded an early financing round in the second season of the Shark Tank program under the guidance of businesswoman Dina Ghabbour, according to a press …
Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) showed a positive performance on Wednesday, with the EGX30 main index rising by 0.91% to 29,667.71 points. The small- and mid-cap EGX70 EWI increased by 1.18% to 6,833.69 points. …
Riyadh – Mubasher: Penny Software has completed its Pre-Series A funding round, securing investment from Iliad Partners, joined by GSI and US-based Knollwood Investments. The transaction was also led by Dallah Investment, Hambro Perks Oryx Fund, …
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) amounting to EGP 50 billion through two auctions on Thursday, 18 April 2024. The first offering will total EGP 30 billion and is scheduled to mature in 182 days …
Cairo – Mubasher: Beltone Venture Capital, a subsidiary of Beltone Holding, penned a deal with CI Venture Capital, a wholly-owned unit of Abu Dhabi-based Citadel International Holdings, to manage a $30 million fund. The fund, which began deploying …
Cairo – Mubasher: ZeTa-Investment and Trading acquired a 3.50% stake in Mansoura Poultry at a value of EGP 16.75 million. ZeTa-Investment purchased 14.25 million shares in the EGX-listed firm at an average price of EGP 1.17 per share, according to …
Cairo – Mubasher: The Egyptian Exchange (EGX) indices ended Tuesday with mixed performance after achieving outstanding performance in the first session after Eid El-Fitr holiday. The EGX30 main index declined by 0.73% to close at 29,400.84 points. …
Cairo – Mubasher: Egypt's merchandise exports rose by 5.3% year-on-year (YoY) to $9.61 billion in the first quarter (Q1) of 2024 from $9.12 billion in the same quarter of 2023. Leading destinations for Egyptian exports included Turkey ($874 …
UAE – Mubasher: Dubai International (DXB) has topped the 2023 list of top 10 busiest airports worldwide. The latest achievement marks DXB’s tenth year of leading the list, which is put by the Airports Council International (ACI), according to a …
UAE – Mubasher: The inaugural edition of the Global AI Show and the Global Blockchain Show is kicking off on 16 and 17 April 2024 at the Grand Hyatt, Dubai. Organised by VAP Group, the Global AI Show hosts international and regional thought …
Mubasher: Bold Routes, an Egypt-based brokerage company for real estate, has launched its tenth branch in Dubai, marking its first regional office, according to a press release. Abdel Rahman Badr, CEO of Bold Routes, highlighted that the company’s …
Cairo – Mubasher: MM Group for Industry and International Trade received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital hike procedures. The group plans to raise its authorised capital to EGP 936.58 million …
Cairo – Mubasher: Faisal Islamic Bank of Egypt reported a 179.80% year-on-year (YoY) surge in the standalone net profit to EGP 6 billion during the first quarter (Q1) of 2024 from EGP 2.14 billion in the similar quarter a year earlier. Total …
Cairo - Mubasher: The Central Bank of Egypt (CBE) issued treasury bonds (T-bonds) at a value of EGP 500 million on Tuesday, 16 April 2024, through one tranche. The offering holds a tenor of five years until 16 April 2029, according to official …
UAE – Mubasher: The second edition of the Green Hydrogen Summit will take place in the UAE capital on 16 April 2024, as part of the World Future Energy Summit (WFES), and it will be hosted by Abu Dhabi Future Energy Company (Masdar) under the …
Cairo – Mubasher: The Egyptian Exchange (EGX) indices achieved good leaps on Monday, the first after the Eid Al Fitr holiday. The EGX30 main index surged by 3.90% to close at 29,616.47 points. The small- and mid-cap EGX70 EWI jumped by 2.36% to …
Cairo – Mubasher: Ezz Steel turned to a consolidated loss during 2023, recording a net loss after tax of EGP 716.53 million, compared to a net profit of EGP 6.64 billion a year earlier. Consolidated net sales surged to EGP 142.91 billion last year …
