KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Closed
06 May 03:05 AM

Local Economy

Photo Gallery
5 May 01:18 PM Egypt’s foreign currency reserves to soar $16.2bn in FY24/25 – Report
Cairo – Mubasher: Egypt’s international reserves are expected to surge by $16.20 billion during the fiscal year (FY) 2024/2025, according to a report by JPMorgan, an American multinational finance company. The report expected the country’s …
Macroeconomics
Photo Archive
5 May 10:07 AM Fitch Ratings upgrades Egypt’s outlook to stable, affirms IDR rating at 'B-'
Cairo - Mubasher: Fitch Ratings has revised the outlook on Egypt's long-term foreign-currency (LTFC) issuer default rating (IDR) from stable to positive. The rating agency affirmed Egypt’s IDR at 'B-', according to a press release. Fitch …
Macroeconomics
Photo Gallery
2 May 11:54 AM Egyptian gov’t offers EGP 40bn investment opportunities to local, int’l investors
Cairo – Mubasher: The Egyptian government has offered 12 new investment opportunites in eights governorates to local and international with total target investments of more than EGP 40 billion. The offered projects are set to be located on 405 …
Macroeconomics
Photo Archive
2 May 10:13 AM Egypt’s foreign asset deficit hits 25-month low in March 2024
Cairo – Mubasher: Egypt’s foreign asset deficit plummeted around 70.61% month-on-month (MoM) to EGP 199.65 billion ($4.17 billion) in March 2024, its lowest level since February 2022, or nearly 25 months, after a $28.83 billion surge in foreign …
Macroeconomics
Photo Archive
2 May 08:51 AM CBE offers T-bills, zero-coupon T-bonds on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 55 billion through two issues on Thursday, 2 May 2024. The first offering stood at EGP 30 billion and will mature in 91 days on 6 …
Central Banks
Photo Archive
1 May 09:20 AM amana's strategy reinforces MENA trading volumes by 190%
UAE – Mubasher: Dubai-based neobroker amana launched a groundbreaking strategy to boost access to the MENA stock markets for its customers, according to a press release. In February, the investment service provider developed an initiative to …
Global Economy
Photo Archive
1 May 08:55 AM CBE issues debt instruments worth EGP 49bn
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at an aggregated value of EGP 45 billion through two offerings on Wednesday, 1 May 2024. With a tenor of 182 days until 5 November this year, the first tranche stood …
Banking and Finance
Photo Archive
29 April 11:09 AM CBE unveils EGP 65.5bn debt instruments on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 60 billion through two equal auctions on Monday, 29 April 2024. The first auction will mature in 91 days on 30 July this year, while the …
Companies Investments
Photo Archive
28 April 10:03 AM CBE issues T-bills, T-bonds worth EGP 58bn on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 55 billion through two tranches on Sunday, 28 April 2024. The first auction stood at EGP 30 billion and will mature in 182 days on 29 …
Treasury Bills
Photo Gallery
25 April 04:38 PM Damietta Alliance inks Contract for Tahya Misr 1 Terminal's superstructure
Cairo – Mubasher: Damietta Alliance Container Terminals, a consortium of Hapag-Lloyd, EUROGATE Group, and Contship Italia, has signed an agreement with Rowad Modern Engineering to execute the superstructure works for Container Terminal Tahya Misr …
Companies Investments
Photo Gallery
24 April 03:31 PM Austrian, Czech companies mull building sodium cyanide factory in Egypt
Cairo – Mubasher: Austria’s Petrochemical Holding and Czechia’s Draslovka company announced plans to build a sodium cyanide factory in Egypt. The project is set to meet the local demand and export 80% of its output to the Mediterranean Basin, …
Macroeconomics
Photo Gallery
23 April 02:51 PM UAE pens MoU with 3 countries for Development Road project
UAE – Mubasher: The UAE has signed a memorandum of understanding (MoU) with Iraq, Qatar, and Türkiye for cooperation on the Development Road project. The project seeks to create a sustainable economy bridging East and West, increase international …
Macroeconomics
Photo Gallery
23 April 01:26 PM Egypt to receive $400m budget support from UK - Minister
Cairo – Mubasher: Egypt is set to receive budget support of $400 million from the UK over two years, Minister of International Cooperation Rania El-Mashat said in an interview, according to Bloomberg. The North African country is expecting to …
Macroeconomics
Photo Archive
22 April 01:51 PM Egypt seeks 4.2% economic growth in FY24/25 – El-Said
Cairo – Mubasher: Egypt is targeting a 4.20% economic growth rate in the fiscal year (FY) 2024/2025, stated Hala El-Said, Minister of Planning and Economic Development. The Egyptian government revised down growth prediction for FY23/24 from 4% to …
Macroeconomics
Photo Archive
22 April 01:02 PM Egyptian gov’t buys 200,000 tonnes of raw sugar
Cairo – Mubasher: Egypt’s General Authority for Supply Commodities (GASC) has contracted 200,000 tonnes of raw sugar for delivery between May and August 2024. As a result, the recently contracted amount has reached 450,000 tonnes, according to an …
Macroeconomics
Photo Archive
22 April 09:49 AM CBE issues two-type T-bonds on Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) worth EGP 4 billion on Monday, 22 April, through one issue. The semi-annual tranche will mature in three years on 16 April 2027, according to official data. …
Central Banks
Photo Gallery
21 April 01:58 PM Egyptian gov’t cuts cooking oil price by 36%
Cairo – Mubasher: The Egyptian government has reduced cooking oil prices by 36% to around EGP 65 per litre, said Ali El-Moselhi, Minister of Supply and Internal Trade. El-Moselhi noted an increase in the supply of basic commodities following the …
Macroeconomics
Photo Archive
21 April 10:38 AM CBE unveils T-bills worth EGP 55bn on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 55 billion through two offerings on Sunday, 21 April 2024. The first issue was valued at EGP 30 billion, holding a tenor of 91 days …
Banking and Finance
Photo Gallery
18 April 11:00 AM National Bank of Egypt’s subsidiary considers launching gold fund
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 …
Companies Investments
Photo Archive
17 April 03:07 PM Egypt to auction additional T-bills worth EGP 50bn
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 …
Treasury Bills
Photo Archive
16 April 03:31 PM Egypt's merchandise exports grow over 5% YoY in Q1-24
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 …
Macroeconomics
Photo Gallery
16 April 01:52 PM DXB leads world’s top busiest airports for 10th consecutive year
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 …
Global Economy
Photo Archive
16 April 10:11 AM CBE unveils EGP 5.5bn bonds on Tuesday
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 …
Macroeconomics
Photo Gallery
15 April 11:44 AM Egypt increases healthcare budget by 25% for FY25/26
Cairo – Mubasher: Egypt has raised 24.90% in the allocation of the healthcare sector to EGP 495.60 billion in the budget for the fiscal year (FY) 2025/2026 from EGP 396.90 billion in FY 2024/2025, said Minister of Finance Mohamed Maait. The …
Macroeconomics
Photo Archive
15 April 09:41 AM CBE unveils EGP 59bn debt instruments on Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 55 billion on Monday, 15 April 2024, through two auctions. The first tranche stood at EGP 30 billion and will mature in 182 days on 15 …
Macroeconomics