Latest News

Cairo – Mubasher: Yasseen Ibrahim Lutfi Mansour increased its 9.96% equity ownership in Taaleem Management Services to 18.30% at a value of EGP 505.60 million. Mansour purchased 60.91 million shares in the EGX-listed firm at an average price of …

Cairo - Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at a combined value of EGP 60 billion through two issues on Sunday, 22 September 2024. The first auction was valued at EGP 40 billion, holding a tenor of 91 days …

Cairo – Mubasher: Beko, a global leader in home appliances, has inaugurated its first industrial park in Egypt with an investment of $110 million. The new facility boosts Beko's global expansion strategy to drive innovation, sustainability, and …

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) showed a positive performance on Thursday, with the EGX30 main index up 1.69% to 30,937.69 points. The small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session …

Cairo – Mubasher: Farid, an emerging Egyptian EdTech Startup, has secured $250,000 in a pre-seed funding round from Saudi businesswoman Amal bint Abdulaziz Al Ajlan. This funding aligns with the company’s strategic partnerships with schools across …

Cairo – Mubasher: Qalaa Holdings posted revenues valued at EGP 37.60 billion in the first quarter (Q1) of 2024, marking a 45% year-on-year (YoY) surge. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at EGP 7.70 …

Cairo – Mubasher: SETTLE, an Egypt-based business-to-business (B2B) payment platform, has raised $2 million in a pre-seed funding round led by Shorooq Partners, according to a press release. El Sewedy Capital Holding, Acasia Ventures, and Plus VC …

UAE – Mubasher: Mesh entered into a strategic partnership with CoinMENA FZE, a leading digital assets trading platform in the Middle East, according to a press release.   This collaboration will improve digital asset transfer services by allowing …

UAE – Mubasher: Apex Group Limited obtained a licence from the Abu Dhabi Global Market (ADGM) fund manager for Phoenix Venture Partners, according to a press release. Phoenix Venture Partners Limited (PVP) came together as a Technology Venture …

Riyadh – Mubasher: eWTP Arabia Capital, backed by the Saudi Public Investment Fund (PIF), has rebranded as ewpartners, according to a press release. eWTP Arabia Capital, the first international private equity firm to establish an Asia-Saudi …

Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 55 billion through two issues on Thursday, 19 September 2024. The first tranche stood at EGP 30 billion and will mature in 182 days on 25 …

UAE – Mubasher: Wizz Air revealed plans to launch its first long-haul route connecting Abu Dhabi with Milan through the Airbus A321XLR aircraft. The one-way daily trip is set to commence on 2 June 2025. Meanwhile, the tickets are already available …

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) showed a positive performance on Wednesday, with the EGX30 main index up 0.61% to 30,342.46 points. The small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session …

UAE - Mubasher: GTN, a global fintech redefining trading and investing for all, is pleased to announce the promotion of Zaid Aloul to Chief Commercial Officer (CCO) for the Middle East. In this new role, Zaid also joins the GTN Middle East …

Cairo – Mubasher: Egyptian leading business figures established NextEra Education with investments exceeding $42 million (EGP2 billion), according to a press release. A coalition between EYouth and Egyptian businessmen, including Mohamed Farouk, …

Cairo - Mubasher: US-based venture firm Sultan Ventures has acquired Acasia Group, Egypt’s angel investment syndicate and incubator, to expand its footprint in the MEA region. The transaction aligns with Sultan Ventures’ commitment to fuel global …

Cairo - Mubasher: The Saudi Public Investment Fund (PIF) is expected to invest $5 billion in Egypt as part of the first phase of investments in the Arab Republic, according to an official statement. Egypt’s Prime Minister, Mostafa Madbouly, …

Riyadh – Mubasher: MENA-focused investment banking institution Arqaam Capital obtained the approval of the Saudi Capital Market Authority (CMA) to begin operations in the Kingdom, according to a press release. The CMA’s approval boosts the firm's …

Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) retreated by 0.33% to 30,159.15 points at the end of Tuesday’s session. Similarly, the EGX100 EWI closed the session lower by 0.91% at 9,987.36 points and the Shariah index fell …

Mubasher: Bybit, the second-largest cryptocurrency exchange by trading volume on the global level, was granted a provisional (non-operational) approval from the Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Service …

UAE – Mubasher: Expand North Star will launch at Dubai Harbour as the world's largest event for global startups and investors over three days from 13 to 16 October 2024, according to a press release. The event is organised by Dubai World Trade …

Mubasher: Cross-listed GFH Financial Group has renewed its groundbreaking strategic partnership with FII Institute, a global non-profit foundation in Saudi Arabia, for three years to foster global innovation and sustainable development. Extending …

UAE – Mubasher: The first Aviation Future Week is scheduled to take place in Dubai from 15-17 October 2024, hosted by the UAE flag carrier Emirates and the Museum of the Future. The three-day event in Dubai will bring together UAE ministers, …