North africa news

Cairo – Mubasher: Elsewedy Electric Company has implemented a power generation station with a total capacity of around 1,200 megawatts (MW) using a combined cycle system in the Saudi city of Rabigh. The project includes the participation of Saudi …

Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a total value of EGP 50 billion through two auctions on Thursday, 26 September 2024. Holding a tenor of 182 days until 1 April 2025, the first issue was valued …

UAE – Mubasher: Investec opened its office in Dubai International Financial Centre (DIFC), expanding its footprints in the Gulf region, according to a press release. The DIFC office connects clients, family offices, and financial institutions in …

Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) rose by 1.23% to 31,250.64 points at the end of Wednesday’s session. Similarly, the EGX100 EWI closed the session higher by 1.31% at 10,563.70 points and the Shariah index …

Mubasher: National Mobile Telecommunications Company (Ooredoo) secured a QAR 2 billion financing deal to accelerate the growth of its data centre and AI business in the MENA region. The 10-year financing agreement was signed with QNB, Doha Bank, …

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) increased its issued and paid-up capital to EGP 1.81 billion from EGP 1.51 billion. The EGP 302.40 million raise amount will be disbursed as 151.20 million free shares at a nominal value …

Mubasher: United Accountants plans to expand its portfolio in the MENA region, adding financial technology, strategic consulting, mergers and acquisitions, and digital transformation. Haytham Torkey, the Managing Partner at the firm, underlined …

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) closed Tuesday’s trading session with a mixed performance after the EGX30 main index fell by 0.49% to 3,0871.10 points. The small- and mid-cap EGX70 EWI as well as EGX100 EWI indices …

Dubai – Mubasher: A consortium including Arcapita Group Holdings Limited and Dgpays agreed to acquire a majority stake in NEOPAY, the UAE’s fast-growing payment solutions provider. Under the joint deal, Mashreq Bank will retain a significant …

Riyadh – Mubasher: The leading financial platform Mubasher Media, one of the pioneers in the MENA region, is joining Seamless Saudi Arabia this year as its Media Partner. Mubasher Media will offer live coverage of the event which is being held …

Riyadh – Mubasher: Rheem Middle East has inaugurated its new regional headquarters (RHQ) in Saudi Arabia, according to a press release. Riyadh’s office aligns with Rheem's commitment to investing in one of its key markets and further accelerating …

Cairo – Mubasher: The Egyptian Natural Gas Holding Company (EGAS) signed 11 new agreements with global companies for gas exploration and production at a minimum investment of $925 million, in addition to a grant of $30 million. During the general …

UAE – Mubasher: Paperworld Middle East launched a new kraft and packaging section, as research from Mordor Intelligence estimates the MEA market will reach $10.60 billion by 2025. Paperworld Middle East is set to hold its 13th edition during 12-14 …

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended Monday’s trading session with a mixed performance after the EGX30 main index went up 0.05% to 31,022.54 points. The small- and mid-cap EGX70 EWI as well as EGX100 EWI indices …

Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has inked a leasing and factoring deal with Madkour Group at a value of EGP 400 million. The agreement includes a sales and leaseback arrangement for Madkour Group's …

Cairo – Mubasher: Madinet Masr Housing and Development unveiled a number of real estate projects during the past nine months with a combined value of EGP 103 billion, according to a bourse disclosure. These projects include the Butterfly project …

Cairo – Mubasher: Raya Customer Experience (RAYA CX) announced the board’s approval to establish a company in the UK on 22 September 2024. The new entity will be fully owned by RAYA CX,  according to a bourse disclosure. Medhat Mohamed Ibrahim …

Cairo - Mubasher: eAswaaq, a subsidiary of e-finance for Digital and Financial Investments, and Post for Investment, a unit of Egypt Post, launched the ECOM Africa company, according to a press release. The joint venture (JV) will develop and …

Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned fixed treasury bonds (T-bonds) valued at EGP 5 billion through one issue on Monday, 23 September 2024. The CBE also unveiled floating-rate T-bonds at a value of EGP 2 billion through one …

Cairo – Mubasher: CGC Egypt has launched a digital platform to offer real-time portfolio analysis and secure information exchange services, according to a press release. The platform comes as a part of interactive services for the financial …

Cairo - Mubasher: The Central Bank of Egypt (CBE) has decided to offer a stake in the United Bank (UB) shares on the Egyptian Stock Exchange (EGX), according to a press release. The CBE is currently working to secure the required approvals related …

Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended Sunday’s trading session in the green zone, with the EGX30 main index up 0.33% to 31,038.41 points. The small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the …

Cairo – Mubasher: Banque Misr recorded EGP 60.77 billion in consolidated net profits during 2023, marking an annual jump from EGP 25.92 billion. Net interest income hit EGP 133.35 billion in January-December 2023, higher year-on-year (YoY) than …