Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) inked a deal to establish Alexandria Supply Chains Company in line with the US shale gas project, according to a bourse filing. The Egyptian Petrochemicals Holding Company (ECHEM) will …
Cairo – Mubasher: Palm Hills Developments Company has established a company in Saudi Arabia and appointed Majed Sharif as its CEO. The EGX-listed firm announced the news in a bourse disclosure on 4 August 2024. In the first quarter (Q1) of 2024, …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) worth EGP 6 billion through two issues on Monday, 5 August 2024, according to official data. The first tranche was valued at EGP 1 billion and will mature in two …
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) fell by 2.92% to close Sunday at 28,503.63 points. The Shariah index also declined by 3.13% to 2,705.23 points. Similarly, the EGX100 EWI as well as the small- and mid-cap EGX70 …
Cairo – Mubasher: The consolidated net profits of Crédit Agricole Egypt enlarged to EGP 4.21 billion in the first half (H1) of 2024 from EGP 2.51 billion in H1-23. Net interest income hit EGP 5.39 billion in H1-24, up year-on-year (YoY) from EGP …
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at an aggregated value of EGP 60 billion through two issues on Sunday, 4 August 2024. Holding a tenor of 91 days until 5 November this year, the first tranche was …
Cairo – Mubasher: Abu Qir Fertilizers logged net profits after tax valued at EGP 9.16 billion in fiscal year (FY) 2023/2024, down 4.32% year-on-year (YoY) from EGP 9.56 billion. The revenues shrank by 14.06% to EGP 18.52 billion during the …
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) edged down 0.06% to 29,359.87 points at the end of Thursday’s session. Likewise, the Shariah index fell by 0.92% to 2,792.78 points. The EGX100 EWI as well as the small- and …
Abu Dhabi – Mubasher: Fertiglobe posted an annual drop in net profit to $197 million during the first half (H1) of 2024, compared to $297.20 million. The revenues hit $1.04 billion in H1-24, marking a decline from $1.24 billion in H1-23, according …
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth EGP 65 billion through two auctions on Thursday, 1 August 2024. The first issue was valued at EGP 35 billion and will mature in 182 days on 4 February 2025, …
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session in the green zone, with the EGX30 main index up 1.17% to 29,378.82 points. Both small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session higher …
UAE – Mubasher: Emirates Water and Electricity Company (EWEC) has received four proposals for its Saadiyat Island reverse osmosis desalination project in Abu Dhabi. Bids were submitted by Acciona Agua, Engie, GS Inima Environmental, and a …
Cairo – Mubasher: Zahraa Maadi Investment and Development has provided preliminary approval for a co-development project with Madinet Masr Housing and Development in New Heliopolis City. The project is situated on 41.90 acres and will fit …
Cairo – Mubasher: LG Electronics has entered into a partnership with Raya Electric, a subsidiary of Raya Holding for Financial Investment, to manufacture LG-branded home air conditioners in Egypt. For the first time in the region, Raya Electric …
Mubasher: Global demand for gold rose by 4% year-on-year (YoY) to 1,258 tonnes in the second quarter (Q2) of 2024, according to a report by the World Gold Council (WGC). The growth in demand was driven by a 53% YoY surge in over-the-counter (OTC) …
Cairo – Mubasher: Act Financial has started trading on the main market of the Egyptian Exchange (EGX) after increasing its capital by EGP 1.04 billion through issuing 360 million shares. The company’s market capitalisation has reached more than …
Cairo – Mubasher: The net profits after tax of Delta Sugar shrank by 14% year-on-year (YoY) to EGP 940.04 million in the first half (H1) of 2024 from EGP 1.08 billion. Revenues amounted to EGP 2.45 billion in the January-June 2024 period, an …
Cairo – Mubasher: The Egyptian Exchange (EGX) ended Tuesday’s trading session in the green zone, with the EGX30 main index up 0.65% to 29,039.42 points. Both small- and mid-cap EGX70 EWI as well as EGX100 EWI indices closed the session higher by …
Abu Dhabi – Mubasher: ADIB Securities, a wholly owned subsidiary of Abu Dhabi Islamic Bank (ADIB), allowed trading in the US market as the first UAE Sharia-compliant broker. The newly updated trading platform, ADIBS Global, provides investors with …
Cairo – Mubasher: Cartona, Egypt's fastest-growing B2B E-commerce marketplace, has completed an $8.10 million Series A extension fundraising, according to a press release. The funding round was led by Algebra Ventures, Silicon Badia, and the …
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) reported a 550% year-on-year (YoY) jump in sales to EGP 390 billion ($8.10 billion) during the first seven months (7M) of 2024 from EGP 60 billion. The significant increase in …
Cairo – Mubasher: The Egyptian Cabinet has approved the final draft outlining the requirements, determinants, and mechanisms for implementing a new tourism sector support initiative. The initiative, funded by the Ministry of Finance with EGP 50 …
UAE – Mubasher: HDI Global SE has received a regulatory licence from the Dubai Financial Services Authority (DFSA) to open an office in the Dubai International Financial Centre (DIFC), marking a significant step in their international expansion. …
Mubasher: Educatly has secured a new funding round of $2.50 million led by TLcom Capital and Plus VC, according to a press. The fundraising transaction, which Egypt Venture and the HBAN syndicate also led, anchors Educatly’s presence in the MEA …
Cairo – Mubasher: The executive board of the International Monetary Fund (IMF) has completed the third review of Egypt’s $8 billion loan programme. The completion of the third review allows Egypt to receive a $820 million tranche of the loan, …
