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10 August 10:01 PM

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8 August 05:16 PM EGX closes Thursday with varied performance
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) rose by 0.43% to 28,750.82 points at the end of Thursday’s session. Similarly, the EGX100 EWI closed the session higher by 0.05% at 9,335.50 points and the Shariah index rose by …
Trading Activities
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8 August 11:09 AM Egyptian Resorts reports higher net losses in Q1-24
Cairo – Mubasher: Egyptian Resorts Company incurred consolidated net losses after tax valued at EGP 616.25 million in the first quarter (Q1) of 2024, an annual leap from EGP 37.09 million. Revenues surged to EGP 334.60 million in Q1-24 from EGP …
Financial Results
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8 August 10:02 AM EMPC’s H1-24 consolidated profits hit EGP 473.5m; revenues up 15%
Cairo – Mubasher: Egyptian Media Production City Company (EMPC) recorded consolidated net profits after tax valued at EGP 473.59 million in the first half (H1) of 2024, an annual leap of 77.83% from EGP 264.22 million. Revenues hit EGP 506.79 …
Financial Results
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8 August 08:17 AM CBE auctions EGP 55bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 55 billion through two offerings on Thursday, 8 August 2024. The first tranche was valued at EGP 30 billion and will mature in 182 days on …
Treasury Bills
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7 August 04:14 PM EGX indices close higher on Wednesday
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) added 1.48% to close Wednesday’s session at 28,628.19 points. The Shariah index rose by 1.38% to 2,736.30 points. Similarly, the EGX100 EWI as well as the small- and mid-cap …
Trading Activities
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7 August 07:38 AM Egypt’s Qardy secures funding round to expand in MENA
Cairo – Mubasher: Egypt-based fintech Qardy has raised a seven-figure pre-seed funding round in USD, led by White Field Ventures, Vastly Valuable Ventures, and other angel investors. Qardy is the first digital lending marketplace in Egypt and the …
Global Economy
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6 August 04:22 PM EGX indices show positive performance on Tuesday
Cairo – Mubasher: The EGX30 main index of the Egyptian Exchange (EGX) rose by 1.33% to 28,210.41 points on Tuesday. The Shariah index also increased by 2.32% to 2,698.07 points. Similarly, the EGX100 EWI as well as the small- and mid-cap EGX70 EWI …
Trading Activities
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6 August 02:45 PM The Rig visitors to have premium transportation services upon THC’s partnership with PIF-owned OPDC
Riyadh – Mubasher: Visitors travelling to and from The Rig, the world's first offshore adventure tourism destination in the Arabian Gulf, will be offered a premium helicopter transport service as per a collaboration between Oil Park Development …
Companies Investments
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6 August 08:43 AM Sidpec unveils new JV in US, capital raise
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 …
Board of Directors
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5 August 09:48 AM Palm Hills sets up company in Saudi Arabia
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, …
Companies Investments
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5 August 08:03 AM CBE offers T-bonds, floating-rate note on Monday
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 …
Bonds
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4 August 04:16 PM EGX indices show negative performance on Sunday
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 …
Trading Activities
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4 August 09:47 AM Crédit Agricole Egypt sees higher profits in H1-24; consolidated assets cross EGP 114.3bn
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 …
Financial Results
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4 August 09:30 AM CBE issues T-bills worth EGP 60bn on Sunday
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 …
Macroeconomics
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4 August 08:43 AM Abu Qir Fertilizers registers EGP 9.1bn net profits in FY23/24
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 …
Financial Results
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1 August 04:31 PM EGX declines on Thursday
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 …
Trading Activities
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1 August 09:02 AM Fertiglobe unveils $197m profits in H1-24, green investments in Egypt
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 …
Financial Results
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1 August 07:54 AM CBE auctions EGP 65bn T-bills end-week
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, …
Treasury Bills
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31 July 03:20 PM EGX’s indices see positive performance on Wednesday
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 …
Trading Activities
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31 July 02:52 PM EWEC receives bids for UAE's Saadiyat Island desalination project
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 …
Real estate
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31 July 12:05 PM Zahraa Maadi gives preliminary approval for 42-acre project with Madinet Masr
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 …
Real estate
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31 July 11:52 AM LG, Raya Electric partner to produce home air conditioners in Egypt
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 …
Companies Investments
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31 July 11:24 AM Global gold demand grows 4% YoY in Q2-24 – Report
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) …
Macroeconomics
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31 July 09:11 AM Act Financial makes debut on EGX with EGP 3.2bn market cap
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 …
Trading Activities
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31 July 08:36 AM Delta Sugar’s net profit fall due to increased expenses
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 …
Financial Results