Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) registered a mixed performance on Thursday for the second day in a row, with the EGX30 index inching lower by 0.08% to 27,205.14 points. On the other hand, the EGX70 EWI rose by 0.82% to …
Riyadh – Mubasher: Goldman Sachs Group Incorporation became the first Wall Street bank to establish a Middle Eastern headquarters (HQ) in Saudi Arabia, according to Bloomberg. Goldman obtained a licence from the Saudi Ministry of Investment (MISA) …
Cairo – Mubasher: The consolidated net profits after tax of EFG Holding jumped to EGP 2.11 billion in the first quarter (Q1) of 2024 from EGP 920.12 million a year earlier. The EGX-listed group posted revenues valued at EGP 8.55 billion in Q1-24, …
Mubasher: MENA’s largest digital manufacturer Immensa has penned a strategic collaboration agreement with Pelagus 3D, an on-demand digital manufacturing partner for the maritime and offshore industry. The two parties will integrate their strengths …
Riyah – Mubasher: The General Authority of Civil Aviation (GACA) has organised the first Arab Forum for Aviation Security in cooperation with the Arab Civil Aviation Organization. The forum was attended by 120 leaders in the aviation sector and …
Cairo – Mubasher: The Egyptian Ministry of Petroleum and Mineral Resources plans to operate a new transportation pipeline for petroleum products on the Mediterranean coast, according to Al Arabiya Business. The new pipeline will link the MIDOR oil …
UAE – Mubasher: Microsoft Corporation and UAE’s G42 announced an initial invetments of $1 billion in digitalisation projects in Kenya in collaboration with the country’s Ministry of Information, Communications, and the Digital Economy. The …
Cairo – Mubasher: Philip Morris International (PMI) has acquired a 14.70% stake in Eastern Company. The two companies also signed a nonexclusive letter of intent (LOI) to explore potential strategic areas for mutual long-term collaboration, in the …
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a total value of EGP 50 billion through two equal auctions on Thursday, 23 May 2024. The first tranche will mature in 182 days on 26 November this year, while the …
UAE – Mubasher: Huspy, a property technology firm headquartered in the UAE, has raised a funding round led by Balderton Capital, along with existing investor Fifth Wall as well as other investors. The fundraising had a considerably higher …
Riyadh – Mubasher: The third edition of the Future Aviation Forum has witnessed the signing of several agreements on the first two days of the event, which had nearly 5,000 delegates from over 100 countries to elevate global connectivity. On top …
Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) registered a varied performance on Wednesday, with the EGX30 index inching higher by 0.01% to 27,227.44 points. The EGX70 EWI declined by 0.35% to 5,891.86 points, while the EGX100 EWI …
Cairo – Mubasher: The Egyptian Minister of Finance, Mohamed Maait, has directed the disbursement of EGP 500 million as additional financing for the timely payment of salaries of employees at special funds and accounts across governorates, …
Cairo – Mubasher: EFG Hermes, a subsidiary of EFG Holding, has acquired a minority stake in Copenhagen-based fintech Kenzi Wealth, according to a press release. The Danish digital wealth manager uses advanced AI-powered asset management …
Cairo – Mubasher: The National Bank of Egypt (NBE) has secured $119.5 million (EUR 109 million) from the European Bank for Reconstruction and Development (EBRD) to support Egyptian micro, small and medium-sized enterprises (MSMEs). The loan aims …
Riyadh – Mubasher: flyadeal unveiled a landmark order for 51 narrow-body Airbus aircraft to boost its expansion plans, according to a press release. The announcement is a part of Saudia Group’s deal for a record 105 aircraft order, which was …
Cairo – Mubasher: The consolidated net losses after tax of Remco for Tourism Villages Construction hiked to EGP 1.83 billion in 2023 from EGP 283.53 million at the end of December 2022 Revenues amounted to EGP 744.26 million last year, higher than …
Cairo - Mubasher: e-finance for Digital and Financial Investments has acquired a 25% stake in Al Ahly Momken, and a 13% stake in EasyCash for Digital Payments. The transactions aim to facilitate digital payments for individuals and businesses by …
Riyadh – Mubasher: SAL Saudi Logistics Services Company inked a binding mutual agreement with Riyadh Airports Company at a value of SAR 458 million on the sidelines of the Future Aviation Forum 2024, which concludes in Saudi Arabia on 22 May. The …
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) achieved contractual real estate sales and reservations exceeding EGP 100 billion year-to-date (YTD) until 20 May 2024. Covering 9,303 units, the sales value is higher than …
Cairo – Mubasher: The Central Bank of Egypt (CBE) has withdrawn EGP 872.55 billion in liquidity from Egyptian banks in a fixed-rate deposits offering on Tuesday. The CBE accepted 31 bids at an average yield of 27.75%, according to the bank’s …
Cairo – Mubasher: Madinet Masr Housing and Development plans to invest EGP 70 billion in non-residential projects within the Taj City and Sarai projects, The development schemes span 1.5 million square metres and will be implemented within 10 …
Riyadh – Mubasher: The Future Aviation Forum 2024 is expected to showcase the $100 billion investment programme of opportunities available in the Saudi aviation sector that will accelerate the development of aviation globally. The three-day event, …
Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) showed a downward performance at the end of Tuesday, with the EGX30 main index inching down 0.01% to 27,224.80 points. The small- and mid-cap EGX70 EWI also retreated by 0.21% to …
Cairo – Mubasher: Edita Food Industries recorded consolidated net profits after tax worth EGP 502.79 million in the first quarter (Q1) of 2024, an annual jump of 25.70% from EGP 399.92 million. The revenues amounted to EGP 3.92 billion in Q1-24, …