Mubasher: MubasherTrade Global seeks to increase the number of investors in the Arab stock markets, Chairman Mohammed Rashid Al Ballaa said at the third Arab Federation of Capital Markets (AFCM) Annual Conference. The number of traders in the Arab …
Mubasher: Mubasher Global has the largest network that connects the markets across the globe through its company Global Trading Network (GTN), Chairman of MubasherTrade Global, Mohammed Rashid Al Ballaa, stated during the third Arab Federation of …
Cairo – Mubasher: Remco for Tourism Villages Construction incurred non-consolidated net losses valued at EGP 1.55 billion in 2023, an annual hike from EGP 210.60 million. The loss per share enlarged to EGP 6.31 last year from EGP 0.85 in 2022, …
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 …
Cairo – Mubasher: Egyptian Resorts Company shifted to consolidated net losses after tax valued at EGP 112.57 million in 2023, against net profits amounting to EGP 67.50 million in 2022. Earnings per share (EPS) plunged to EGP 0,078 in 2023 from …
Dubai – Mubasher: BHM Capital Financial Services has launched the Fixed Income Division to enhance its position in local as well as regional financial markets, according to a press release. With more than 75 years of collective experience, the …
Cairo - Mubasher: The Egyptian Exchange (EGX) has approved listing investment company Act Financial under ticker ACTF.CA. Act Financial is looking forward to finalising the initial public offering (IPO) within the second quarter (Q2) of 2024, …
Cairo – Mubasher: Orascom Investment Holding (OIH) shifted to consolidated net losses after tax valued at EGP 160.47 million in 2023, versus net profits amounting to EGP 511.25 million a year earlier. Basic and diluted earnings per share (EPS) …
UAE – Mubasher: UAE-based e-commerce startup WEE has raised a pre-Series A round valued at $10 million from SIG Investment, according to a press release. The latest investment propels WEE's valuation to $40 million, which will help the platform …
Cairo – Mubasher: Six of October Development and Investment (SODIC) posted a consolidated net profit after tax of EGP 392.05 million in the first quarter (Q1) of 2024, up from EGP 191.02 million in the same quarter of the previous year. Total …
Cairo – Mubasher: Orascom Construction’s board recommended the disbursement of $0.20 per share in cash dividends for 2023. Dividends are scheduled to be paid in August 2024, according to a bourse filing. Shareholders in Nasdaq Dubai receive their …
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 …
UAE – Mubasher: Dubai-based logistics startup Shorages has raised a pre-series A round valued at $1 million following its successful launch in Saudi Arabia, according to a press release. Led by Joa Capital as part of their S3 Ventures Fund, the …
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 …
Mubasher: Bahrain-based alternative asset manager Investcorp partnered with China Investment Corporation (CIC) to launch Investcorp Golden Horizon, with a target size of $1 billion. The platform aims to invest in high-growth companies across …
Cairo – Mubasher: China State Construction Engineering Corporation (CSCEC Group) has inaugurated a steel structures factory in Egypt with CNY 87.40 million ($12.06 million) in investments. Located on 27,039 square meters, the new factory will have …
Cairo – Mubasher: South Valley Cement Company incurred net losses amounting to EGP 194.65 million in 2023, an annual drop from EGP 208.74 million. Sales increased to EGP 877.42 million last year from EGP 873.73 million as of 31 December 2022, …
Cairo – Mubasher: Egypt-based HRTech bluworks has raised a $1 million pre-Seed investment round led by Saudi venture capital firm Khawarizmi Ventures, according to a recent press release. bluworks plans to use the fundraising transaction to …
Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) showed a negative performance at the end of Wednesday’s session, with the EGX30 main index falling by 3.21% to 25,917.59 points. The small- and mid-cap EGX70 EWI dropped 3.49% to …
Cairo – Mubasher: Taaleem Management Services reported a consolidated net profit after tax of EGP 357.86 million during the first half (H1) of the fiscal year (FY) 2023/2024 from EGP 192.08 million in the similar period a year earlier. Revenues …
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, …
Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) reported a consolidated net profit after tax from continued operations of EGP 596.54 million during the first quarter (Q1) of 2024, up 91% year-on-year (YoY) from EGP 312.77 million. The bank’s …
Cairo – Mubasher: Arab Cotton Ginning Company posted a 371% year-on-year (YoY) surge in the consolidated net profit after tax during the first half (H1) of the fiscal year (FY) 2023/2024, soaring to EGP 304.28 million, from EGP 64.60 million a …
Cairo – Mubasher: Egypt-based fintech Bokra has closed a $4.60 million pre-Seed round led by DisrupTech Ventures and SS Capital, according to a press release. The fintech will use the funding to reshape wealth management in the MENA region by …
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork posted a consolidated net profit of EGP 344.36 million in 2023, up from EGP 113.11 million a year earlier. Revenues surged to EGP 2.55 billion last year from EGP 1.57 billion in 2022, …
