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27 October 2025 06:59 AM UAE launches world’s 1st gigawatt-scale renewable energy project at $6bn capital
Abu Dhabi - Mubasher: The UAE has launched the world’s largest combined solar power and battery storage project, capable of providing 1 gigawatt (GW) of continuous baseload renewable energy around the clock. The facility, backed by over $6 billion …
Global Economy
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27 October 2025 06:51 AM Valu, Amazon Egypt renew partnership to boost financing solutions
Cairo - Mubasher: U Consumer Finance (Valu) has renewed its collaboration with Amazon.eg to expand seamless financing programs and elevate the shopping experience for customers across the country. The renewed agreement provides added benefits, …
Banking and Finance
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26 October 2025 05:31 PM SODIC logs higher consolidated net profits at EGP 2.3bn in 9M-25
Cairo - Mubasher: Sixth of October for Development and Investment (SODIC) reported EGP 2.35 billion in consolidated net profits as of 30 September 2025, an annual leap from EGP 941.67 million. Operating revenues surged to EGP 10.62 billion in the …
Financial Results
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26 October 2025 01:40 PM PIF anchors Albilad MSCI ETF’s listing on Tadawul
Riyadh - Mubasher: Albilad Investment Company (Albilad Capital) has announced the listing of Albilad MSCI Saudi Equity ETF, the first broad market ETF in Saudi Arabia. The Saudi Public Investment Fund (PIF) anchored the transaction as an investor. …
Companies Investments
Orascom Development Egypt’s stock reflects new positive indicators
26 October 2025 01:11 PM Orascom Development Egypt’s stock reflects new positive indicators
Cairo - Mubasher: The weakly chart of Orascom Development Egypt’s stock shows a successful breakout attempt from a downtrend that has been ongoing for several months. This was supported by a weekly close above approximately EGP 23, which is a …
Stock Evaluations
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26 October 2025 11:18 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds, along with their relevant prices as of the latest closing. Below, you can find the names of the Investment Funds, as well as the prices of each certificate in EGP and …
Global Economy
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26 October 2025 10:06 AM CBE announces EGP 80bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 80 billion through two tranches on Sunday, 26 October. The first issue was valued at EGP 35 billion and will mature in 91 days on 27 …
Macroeconomics
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26 October 2025 06:34 AM Beit Logistics invests EGP 500m to establish integrated logistics center in Safaga
Cairo -Mubasher: Beit Logistics has signed a land-use agreement with the Golden Triangle Economic Zone Authority to establish an Integrated Logistics Center in Safaga, according to a press release. With total investments exceeding EGP 500 million …
Companies Investments
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26 October 2025 06:32 AM UAE’s Amlak Finance exits operations in Egypt through EGP 400m deal
Dubai - Mubasher: Amlak Finance sold its subsidiary in Egypt to Al Baraka Bank Egypt at a total value of EGP 400 million (AED 30.80 million), according to a disclosure. In line with its strategic objectives, the transaction marks the company’s …
Companies Investments
Representatives of Jafza and OSM
21 August 2025 10:55 PM Indian EV maker plans $25m investment in Jafza to serve over 2bn consumers in Middle East, Africa
UAE – Mubasher: Omega Seiki Mobility (OSM), India’s electric vehicle (EV) manufacturer, has launched its first international facility in Jafza over an area exceeding 42,000 square feet. The company will be investing $25 million (AED 92 million) in …
Companies Investments
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23 October 2025 10:33 AM TabSense closes $5m funding round to expand regional sales
Riyadh - Mubasher: Saudi AI startup TabSense has raised $5 million in a funding round to launch the first AI Agentic Point of Sale (PoS) system for multi-branch and franchise restaurants and cafés. Led by Jasoor Ventures, the funds will boost …
Companies Investments
Bilal Abu-Ghazaleh, Founder of 1001 AI
23 October 2025 09:39 AM Deep-tech startup 1001 AI secures $9m for Gulf’s 1st AI-native industrial platform
UAE- Mubasher: Deep-tech startup 1001 AI has raised $9 million in a seed round led by CIV, General Catalyst, and Lux Capital, according to a press release. Additional participants include Chris Ré, Amjad Masad (Replit), Amira Sajwani (DAMAC), …
Companies Investments
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23 October 2025 09:31 AM MNEA-focused Cercli to build AI-native workforce platform via $12m funding round
UAE - Mubasher: UAE-based workforce management platform Cercli has secured $12 million in a series A funding round led by Picus Capital, according to a press release. The fundraising transaction also saw participation from Knollwood Investment …
Global Economy
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21 August 2025 05:03 PM e&, GCC telcos units launch 1st regional Sustainability Hackathon
Mubasher: Emirates Telecommunications Group (e&) and the GCC’s leading telecom operators have launched the region’s first Sustainability Hackathon, according to a press release. The initiative aims to accelerate green technology adoption and …
Event
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23 October 2025 09:02 AM CBE offers EGP 90bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) unveiled treasury bills (T-bills) at a total value of EGP 90 billion through two issues on Thursday, 23 October. The first tranche stood at EGP 40 billion and will mature in 182 days on 28 April …
Treasury Bills
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22 October 2025 03:53 PM Edita to acquire production machinery in EGP 320m deal
Cairo - Mubasher: Edita Food Industries has penned an asset purchase agreement with a regional food company to acquire production machinery for EGP 320 million. The acquisition includes two cake production lines, two bakery production lines, and …
Mergers and Acquisitions
ADIB Egypt’s stock faces resistance at EGP 25
22 October 2025 03:48 PM ADIB Egypt’s stock faces resistance at EGP 25
Cairo – Mubasher: The stock of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) are trading near a strong resistance level at EGP 25.00, a level where the stock has repeatedly stalled, making it a crucial testing area. The current movement is backed by …
Banking and Finance
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22 October 2025 03:24 PM Sidpec’s shareholders approve capital hike to EGP 2.2bn
Cairo - Mubasher: The shareholders of Sidi Kerir Petrochemicals Company (Sidpec) greenlighted a capital increase to EGP 2.26 billion from EGP 1.81 billion. The EGP 453.60 million raise will be executed through the issuance of 226.80 million new …
Corporate Actions
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22 October 2025 01:08 PM Banking consortium supports Jefaira project via EGP 5.2bn Islamic financing
Cairo -Mubasher: A banking alliance comprising Banque Misr, Banque du Caire, the National Bank of Egypt (NBE), Housing and Development Bank (HD Bank), and Suez Canal Bank closed a long-term joint Islamic financing agreement in favor of Inertia …
Banking and Finance
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22 October 2025 00:31 PM Orascom Investment’s consolidated losses widen to SAR 619.5 million in H1-25
Cairo - Mubasher: Orascom Investment Holding (OIH) incurred higher consolidated net losses at EGP 619.52 million in the first half (H1) of 2025, compared with EGP 146.18 million in H1-24. Operating revenues declined to EGP 163.43 million in the …
Financial Results
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22 October 2025 10:07 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds, along with their relevant prices as of the latest closing. Below, you can find the names of the Investment Funds, as well as the prices of each certificate in EGP and …
Global Economy
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22 October 2025 07:06 AM Eastern Company’s gross sales hit EGP 106.6bn in FY24/25; dividends proposed
Cairo – Mubasher: The net profits after tax of Eastern Company hit EGP 9.71 billion in fiscal year (FY) 2024/2025, up 6% year-on-year (YoY) from EGP 9.18 billion. The gross revenues increased by 65% YoY to EGP 106.64 billion as of 30 June 2025, …
Board of Directors
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21 October 2025 03:23 PM MoneyHash, Tabby to expand BNPL access for merchants across MEA
Mubasher: MoneyHash joined forces with Tabby, the Saudi Arabia–headquartered financial services app, to reinforce digital transformation and financial inclusion initiatives across the MEA region. The partnerships will offer merchants seamless …
Global Economy
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21 October 2025 01:19 PM Money Fellows logs $1.5bn transactions
Cairo – Mubasher: Money Fellows registered a total transaction value exceeding $1.50 billion since its launch, backed by over $60 million in funding from local and international investors. The platform crossed 8 million users, with more than 2 …
Financial Results
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21 October 2025 11:49 AM Lulu Retail expands Saudi presence with new hypermarket in Riyadh
Mubasher: Lulu Retail Holdings has opened a new 63,995-square-foot hypermarket in Tuwaiq, Riyadh, as part of its 2025 expansion strategy. The new branch offers fresh produce, groceries, electronics, fashion, home essentials, and ready-to-eat …
Global Economy