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06 January 01:15 AM

Stocks News

Ataqa stock tests key demand zone after trend shift
5 January 12:44 PM Ataqa stock tests key demand zone after trend shift
Cairo – Mubasher: The stock of Misr National Steel (Ataqa) showed a downward trend, according to technical analysis. However, the price recently formed an upward structure with higher highs and lows, broke through the descending trend line, and …
Stock Evaluations
EG Bank’s stock enters correction phase near EGP 0.30
5 January 12:36 PM EG Bank’s stock enters correction phase near EGP 0.30
Cairo - Mubasher: Technical analysis indicates that the Egyptian Gulf Bank’s (EG Bank) stock has seen a significant rise recently, moving in an upward trend and forming higher highs and lower lows. Recent trading recorded a natural correction …
Trading Activities
Photo Archive
5 January 12:19 PM DSI backs MENA footprint via EUR 17m project award in Egypt
Dubai - Mubasher: Passavant Energy & Environment GmbH (PE&E), a subsidiary of Drake & Scull International (DSI), has secured a EUR 17 million (AED 73 million) sub-contract for the rehabilitation of the Tanta wastewater treatment plant in Egypt. …
Global Economy
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5 January 11:22 AM Valu secures final approval from Central Bank of Jordan to boost regional expansion
Cairo - Mubasher: U Consumer Finance (Valu) has obtained the final approval from the Central Bank of Jordan (CBJ) to launch its services in the Kingdom under a specialized financing license, enabling the company to offer flexible consumer …
Board of Directors
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5 January 08:38 AM Dana Gas accelerates drilling program in Egypt via $50m
Abu Dhabi – Mubasher: Dana Gas has secured $50 million (AED 184 million) from the Egyptian Government to support its drilling program, according to a press release. Since its consolidation agreement with the Egyptian Government began in December …
Companies Investments
Photo Archive
4 January 05:08 PM Al Ahly Pharos leads EGP 3.5bn issuance for Capital Securitization
Cairo - Mubasher: Capital for Securitization Company has closed its fourth securitization issuance at a value of EGP 3.52 billion under the 12th program. The transaction is secured by a portfolio worth EGP 4.27 billion assigned by Tasaheel for …
Bonds
Photo Archive
4 January 02:42 PM Go Green fuels global expansion via $9m framework export agreement
Cairo - Mubasher: Go Green Company for Agricultural Investment and Development has signed a $9 million framework agreement with Cargill Incorporated, a global agribusiness group. The agreement covers the export and supply of jojoba seeds and …
Companies Investments
Al Baraka Bank’s stock in sideways move after hitting record high
4 January 02:33 PM Al Baraka Bank’s stock in sideways move after hitting record high
Cairo – Mubasher: Al Baraka Bank Egypt’s stock has shown a strong upward trend in the current term, having reached a record high of EGP 16.75 in November. Technical analysis highlighted improved investor sentiment and increased demand for the …
Banking and Finance
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4 January 01:34 PM KABO sells over 1.9m shares in Spinalex for EGP 20m
Cairo - Mubasher: El-Nasr Clothing and Textiles Company (KABO) has reduced its stake in Alexandria Spinning and Weaving Company (Spinalex) to 26.55% from 27.09%. KABO executed the transaction through the sale of 1.94 million shares, at an average …
Companies Investments
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4 January 12:34 PM TMG Holding pens EGP 10bn deal for SouthMED development project
Cairo - Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) has signed a construction contract worth EGP 10 billion (around $200 million) with Concrete Plus for Engineering and Construction. The agreement aims to fast-track Phase 1 …
Real estate
Photo Archive
4 January 08:40 AM ADNOC Drilling closes acquisition of SLB's land rigs business in Kuwait, Oman
Abu Dhabi – Mubasher: ADH RSC LTD, a wholly owned subsidiary of ADNOC Drilling Company, has completed the acquisition of a 70% stake in SLDC Holdings RCS Limited, according to a bourse filing. SLDC Holdings is a joint venture (JV) established with …
Mergers and Acquisitions
Waha Capital
1 January 07:14 PM Waha Capital joins region’s 1st dedicated income-focused benchmark equity gauge
Abu Dhabi – Mubasher: Waha Capital has been included in the recently launched FTSE ADX Dividend Stars Index, the first dedicated income-focused benchmark equity gauge across the region, according to a press release.  Launched in December 2025 by …
Companies Investments
Makhazen, formerly Agility Public Warehousing Company
1 January 03:23 PM Cross-listed Makhazen announces leadership changes following rebranding
Mubasher: Makhazen, the Kuwait-based infrastructure, logistics, and industrial services company, has appointed Ahmad Al Banna as the CEO and Khaled Faisal Al Ghais as the Vice Chairman of the board, according to a press release. The appointments …
Board of Directors
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1 January 02:13 PM Arab Company for Asset Management shifts to EGP 7m net profits in 9M-25
Cairo - Mubasher: Arab Company for Asset Management and Development swung to net profits after tax of EGP 7.18 million in the first nine months (9M) of 2025, versus net losses after tax of EGP 12.32 million in 9M-24. The earnings per share (EPS) …
Financial Results
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1 January 01:39 PM Orascom Investment’s consolidated net losses decline to EGP 806m in 9M-25
Cairo - Mubasher: Orascom Investment Holding (OIH) suffered lower consolidated net losses after tax at EGP 806.29 million during the first nine months (9M) of 2025 when compared with EGP 849.92 million based on the adjusted financials of the …
Financial Results
Photo Archive
1 January 10:59 AM Middle and West Delta Mills' board approves EGP 25m capital raise through bonus shares
Cairo - Mubasher: The board members of Middle and West Delta Mills Company approved increasing the capital by EGP 25 million through 2.50 million bonus shares. The company will issue one bonus share for every three original shares to raise the …
Management Decisions
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31 December 2025 07:34 PM Abu Qir Fertilizers targets EGP 8.8bn net profits before tax for 2026
Cairo - Mubasher: The board members of Abu Qir Fertilizers and Chemical Industries Company approved the planned budget for 2026 during their meeting on 30 December 2025. The EGX-listed company intends to generate net profits before tax worth EGP …
Financial Results
Electro Cable Egypt stock witnesses breakout of sideways range with strong buying momentum
31 December 2025 05:32 PM Electro Cable Egypt stock witnesses breakout of sideways range with strong buying momentum
Cairo – Mubasher: The stock of Electro Cable Egypt has been recently moving in an upward wave, forming higher peaks and troughs while trading above the moving average, which strengthens the medium-term trend, according to technical movements …
Stock Evaluations
Prime Holding tests pivotal resistance separating it from historic peak – Analysis
31 December 2025 05:07 PM Prime Holding tests pivotal resistance separating it from historic peak – Analysis
Cairo – Mubasher: The technical movements signaled by Mubasher Trade Research indicate that the stock of Prime Holding is moving in a strong upward direction in the current timeframe, with the price maintaining the upward trend line and trading …
Trading Activities
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31 December 2025 04:00 PM GB Corp’s unit concludes 6th issuance at EGP 2.4bn
Cairo - Mubasher: Drive Finance, a subsidiary of GB Corp, has closed its sixth securitized bond issuance at EGP 2.40 billion, according to a bourse filing. The offering, rated by the Middle East Rating & Investors Service (MERIS), marks the first …
Banking and Finance
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31 December 2025 03:21 PM Arabia Investments supports subsidiaries via EGP 700m capital raise
Cairo - Mubasher: Arabia Investments Holding Company increased its issued and paid-in capital by EGP 700 million to EGP 996.04 million, within the limits of the authorized capital of EGP 1.40 billion. The board members approved the transaction …
Board of Directors
Photo Archive
31 December 2025 01:48 PM Egyptian Modern Education swings to over EGP 1.5m net profits in Q1-25/26
Cairo - Mubasher: The Egyptian Modern Education Systems shifted to net profits after tax of EGP 1.59 million in the first quarter (Q1) of fiscal year (FY) 2025/2026, against net losses after tax of EGP 185,814 in Q1-24/25. The earnings per share …
Financial Results
ALICO stock might see breakout after approaching historic peak – Analysis
30 December 2025 03:48 PM ALICO stock might see breakout after approaching historic peak – Analysis
Cairo – Mubasher: The stock of Arab Real Estate Investment Company – (ALICO) is signaled by Mubasher Trade Research moving in a strong upward trajectory in the current period, where the price maintains the upward trend line and trades above the …
Trading Activities
Arab Cement stock is poised for breakout following sideways trading – Analysis
30 December 2025 03:01 PM Arab Cement stock is poised for breakout following sideways trading – Analysis
Cairo – Mubasher: The technical analysis signaled by Mubasher Trade Research indicates that the stock of Arabian Cement Company is currently on a sideways trajectory, after reaching a historic peak at EGP 59.90 in November. The stock opened …
Trading Activities
What does EFG Hermes expect for MENA interest rates in 2026?
29 December 2025 08:23 PM What does EFG Hermes expect for MENA interest rates in 2026?
Mubasher: The existing rate environment in the MENA region remains conducive for extending ongoing credit growth recoveries, according to a recent report by EFG Hermes, an EFG Holding Company. Meanwhile, except for the UAE and Egypt, retail credit …
Global Economy