Cairo – Mubasher: The Arab Dairy Products Company (Arab Dairy – Panda) generated EGP 103.30 million in consolidated net profit during the first half (H1) of 2024, an annual rise hike from EGP 50.60 million. The sales amounted to EGP 1.44 billion …
Riyadh – Mubasher: Liva Group announced a potential merger between Liva Insurance Company (Liva KSA) and Malath Cooperative Insurance Company (Malath Insurance) The GCC's leading multi-line insurer highlighted that the transaction aligns with its …
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 55 billion through two auctions on Thursday, 22 August 2024. Holding a tenor of 182 days until 25 February 2025, the first issue was …
Abu Dhabi – Mubasher: Phoenix Group has collaborated with Tether, the largest company in the digital asset industry, to launch a stablecoin pegged to the UAE Dirham, according to a press release. Backed by Green Acorn Investments Limited, this …
Abu Dhabi – Mubasher: ADNOC Group is set to be the main sponsor of the Middle East Investor Relations Association (MEIRA) conference, which will kick off in Abu Dhabi on 11-12 December 2024. This aligns with the organisation’s objectives to …
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, unveiled its financial results for the first half (H1) 2024, logging net profits of EGP 15.80 billion. The lender highlighted robust …
Riyadh – Mubasher: Al Saif Stores for Development and Investment Company (Alsaif Gallery) has inaugurated its first branch in Qatar, located in the city of Doha. This branch, which is the 73rd for the company, covers an area of 1,392 square …
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) generated consolidated net profits of EGP 643.80 million in the first half (H1) of 2024, an annual rise from EGP 267.61 million. Revenues from contracts with …
UAE – Mubasher: The Abu Dhabi Chamber of Commerce and Industry highlighted a 23.80% year-on-year (YoY) rise in the number of certificates of origin issued in the January- May 2024 period. In cooperation with Etihad Credit Insurance (ECI), the Abu …
Cairo – Mubasher: The consolidated net profits after tax of Acrow Misr for Scaffolding and Formwork hit EGP 558.37 million in the first half (H1) of 2024, compared to EGP 237.55 million in H1-23. Revenues from contracts with customers reached EGP …
UAE – Mubasher: Dubai-based Meteora Developers has acquired the DIFC-based property crowdfunding platform Maisour in a multimillion-dollar deal, according to a press release. The transaction aims to reshape the UAE's real estate investment …
Cairo – Mubasher: Electro Cable Egypt registered consolidated net profits amounting to EGP 1 billion in the first half (H1) of 2024, marking a leap from EGP 539.18 million in H1-23. Total revenues reached EGP 6.64 billion in H1-24, higher …
Cairo – Mubasher: Arab Developers Holding suffered consolidated net losses valued at EGP 11.41 million in the first half (H1) of 2024, compared to profits worth EGP 53.38 million as of 30 June 2023. The sales plummeted by 82% year-on-year (YoY) to …
Cairo – Mubasher: Orascom Investment Holding (OIH) posted consolidated net profits valued at EGP 296.15 million in the first half (H1) of 2024, marking an annual surge from EGP 86.13 million. Total assets climbed to EGP 6.17 billion in H1-24 from …
Cairo – Mubasher: Beltone Holding swung to consolidated net profits valued at EGP 888.78 million in the first half (H1) of 2024, against net losses of EGP 145.89 million in H1-23. Net sales enlarged to EGP 2.94 billion in January-June 2024 from …
Cairo – Mubasher: ALEXBANK achieved net profits after tax amounting to EGP 5.08 billion in the first half (H1) of 2024, compared to EGP 2.36 billion in H1-23. Net income hit EGP 9.75 billion as of 30 June 2024, up year-on-year (YoY) from EGP 5.95 …
Cairo – Mubasher: Oriental Weavers generated higher consolidated net profits after at EGP 1.47 billion in the first half (H1) of 2024, compared to EGP 733.39 million in H1-23. The sales amounted to EGP 10.77 billion as of 30 June 2024, marking a …
Cairo – Mubasher: GlaxoSmithKline (GSK Egypt) posted consolidated net profits amounting to EGP 92.55 million in the first half (H1) of 2024, versus EGP 19.57 billion in H1-23. Net revenues reached EGP 1.35 billion in H1-24, higher year-on-year …
Cairo – Mubasher: MM Group for Industry and International Trade posted consolidated net profits worth EGP 494 million in the first half (H1) of 2024, an annual leap of 105.50% from EGP 295 million. Net revenues reached EGP 6.23 billion in H1-24, …
Cairo – Mubasher: Alexandria Container and Cargo Handling Company recorded net profits after tax valued at EGP 6.13 billion in fiscal year (FY) 2023/2024. The generated net profits were higher by 40% year-on-year (YoY) than EGP 4.38 billion, …
Cairo – Mubasher: The Central Bank of Egypt (CBE) unveiled treasury bonds (T-bonds) at a combined value of EGP 6 billion through two auctions on Monday, 19 August 2024. The first tranche stood at EGP 1 billion, holding a tenor of two years until …
Cairo – Mubasher: Misr Cement – Qena logged consolidated net profits valued at EGP 16.93 million in the first half (H1) of 2024, an annual plunge from EGP 63.68 million. Revenues hiked to EGP 2.29 billion in H1-24 from EGP 1.90 billion a year …
Cairo – Mubasher: Raya Holding for Financial Investment logged consolidated net profits valued at EGP 762.13 million in the first half (H1) of 2024, an annual surge from EGP 350.39 million. Revenues hiked to EGP 20.08 billion in H1-24 from EGP …
Cairo – Mubasher: The consolidated net profits after tax of Orascom Financial Holding (OFH) plunged to EGP 3.26 million in the first half (H1) of 2024 from EGP 42.57 million in H1-23. Revenues amounted to EGP 16.22 million in H1-24, marking an …
Cairo – Mubasher: GB Corp registered consolidated net profits amounting to EGP 1.10 billion in the first half (H1) of 2024, marking a leap from EGP 652.63 million in H1-23. Total revenues reached EGP 19.18 billion in H1-24, higher year-on-year …
