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23 October 2025 09:31 AM MNEA-focused Cercli to build AI-native workforce platform via $12m funding round
UAE - Mubasher: UAE-based workforce management platform Cercli has secured $12 million in a series A funding round led by Picus Capital, according to a press release. The fundraising transaction also saw participation from Knollwood Investment …
Global Economy
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23 October 2025 09:02 AM CBE offers EGP 90bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) unveiled treasury bills (T-bills) at a total value of EGP 90 billion through two issues on Thursday, 23 October. The first tranche stood at EGP 40 billion and will mature in 182 days on 28 April …
Central Banks
Representatives of Jafza and OSM
21 August 2025 10:55 PM Indian EV maker plans $25m investment in Jafza to serve over 2bn consumers in Middle East, Africa
UAE – Mubasher: Omega Seiki Mobility (OSM), India’s electric vehicle (EV) manufacturer, has launched its first international facility in Jafza over an area exceeding 42,000 square feet. The company will be investing $25 million (AED 92 million) in …
Global Economy
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21 August 2025 05:03 PM e&, GCC telcos units launch 1st regional Sustainability Hackathon
Mubasher: Emirates Telecommunications Group (e&) and the GCC’s leading telecom operators have launched the region’s first Sustainability Hackathon, according to a press release. The initiative aims to accelerate green technology adoption and …
Global Economy
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22 October 2025 03:53 PM Edita to acquire production machinery in EGP 320m deal
Cairo - Mubasher: Edita Food Industries has penned an asset purchase agreement with a regional food company to acquire production machinery for EGP 320 million. The acquisition includes two cake production lines, two bakery production lines, and …
Mergers and Acquisitions
ADIB Egypt’s stock faces resistance at EGP 25
22 October 2025 03:48 PM ADIB Egypt’s stock faces resistance at EGP 25
Cairo – Mubasher: The stock of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) are trading near a strong resistance level at EGP 25.00, a level where the stock has repeatedly stalled, making it a crucial testing area. The current movement is backed by …
Trading Activities
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22 October 2025 03:24 PM Sidpec’s shareholders approve capital hike to EGP 2.2bn
Cairo - Mubasher: The shareholders of Sidi Kerir Petrochemicals Company (Sidpec) greenlighted a capital increase to EGP 2.26 billion from EGP 1.81 billion. The EGP 453.60 million raise will be executed through the issuance of 226.80 million new …
Companies Investments
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22 October 2025 01:08 PM Banking consortium supports Jefaira project via EGP 5.2bn Islamic financing
Cairo -Mubasher: A banking alliance comprising Banque Misr, Banque du Caire, the National Bank of Egypt (NBE), Housing and Development Bank (HD Bank), and Suez Canal Bank closed a long-term joint Islamic financing agreement in favor of Inertia …
Companies Investments
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22 October 2025 00:31 PM Orascom Investment’s consolidated losses widen to SAR 619.5 million in H1-25
Cairo - Mubasher: Orascom Investment Holding (OIH) incurred higher consolidated net losses at EGP 619.52 million in the first half (H1) of 2025, compared with EGP 146.18 million in H1-24. Operating revenues declined to EGP 163.43 million in the …
Financial Results
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22 October 2025 10:07 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds, along with their relevant prices as of the latest closing. Below, you can find the names of the Investment Funds, as well as the prices of each certificate in EGP and …
Mutual Funds
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22 October 2025 07:06 AM Eastern Company’s gross sales hit EGP 106.6bn in FY24/25; dividends proposed
Cairo – Mubasher: The net profits after tax of Eastern Company hit EGP 9.71 billion in fiscal year (FY) 2024/2025, up 6% year-on-year (YoY) from EGP 9.18 billion. The gross revenues increased by 65% YoY to EGP 106.64 billion as of 30 June 2025, …
Board of Directors
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21 October 2025 03:23 PM MoneyHash, Tabby to expand BNPL access for merchants across MEA
Mubasher: MoneyHash joined forces with Tabby, the Saudi Arabia–headquartered financial services app, to reinforce digital transformation and financial inclusion initiatives across the MEA region. The partnerships will offer merchants seamless …
Banking and Finance
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21 October 2025 01:19 PM Money Fellows logs $1.5bn transactions
Cairo – Mubasher: Money Fellows registered a total transaction value exceeding $1.50 billion since its launch, backed by over $60 million in funding from local and international investors. The platform crossed 8 million users, with more than 2 …
Banking and Finance
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21 October 2025 11:49 AM Lulu Retail expands Saudi presence with new hypermarket in Riyadh
Mubasher: Lulu Retail Holdings has opened a new 63,995-square-foot hypermarket in Tuwaiq, Riyadh, as part of its 2025 expansion strategy. The new branch offers fresh produce, groceries, electronics, fashion, home essentials, and ready-to-eat …
Global Economy
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21 October 2025 11:30 AM UAE-based Qashio acquires Sanad Cash to achieve global ambitions
Mubasher: UAE’s leading corporate spend management platform Qashio acquired Sanad Cash, one of Saudi Arabia’s first and most established expense management solutions. This move aligns with the company’s plans to expand its growth into the Kingdom …
Companies Investments
Qalaa Holdings stock maintains gains for the 2nd week in row
21 October 2025 11:27 AM Qalaa Holdings stock maintains gains for the 2nd week in row
Cairo – Mubasher: Qalaa Holdings’ stock has maintained a clear upward trend over the past period, trading above its two-year 200-day moving average. This reflects the continued buying power despite the sharp corrections, according to Mubasher …
Stock Evaluations
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21 October 2025 10:41 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds, along with their relevant prices as of the latest closing. Below, you can find the names of the Investment Funds, as well as the prices of each certificate in EGP and …
Banking and Finance
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21 October 2025 09:06 AM FRA rejects Sagasse’s MTO to acquire Elsewedy Electric
Mubasher: The Financial Regulatory Authority (FRA) has rejected the mandatory tender offer (MTO) submitted by Sagasse Investment Company to fully acquire Elsewedy Electric Company. Sagasse intended to offer EGP 65 per share in cash or via share …
Mergers and Acquisitions
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20 October 2025 01:28 PM CBUAE greenlights Tamara’s license to exapnd in fintech sector
Riyadh - Mubasher: Tamara, Saudi Arabia’s first homegrown fintech unicorn, has officially received a restricted finance license from the Central Bank of the UAE (CBUAE), according to a press release. Tamara anchored its position as a leading …
Banking and Finance
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20 October 2025 00:58 PM Systemair expands regional footprint with new Riyadh office
Riyadh - Mubasher: Systemair Saudi Arabia has inaugurated its new production facility in Riyadh, expanding the company’s regional footprint, according to a press release. The new office spans approximately 13,000 square meters, with a …
Companies Investments
CIB stock maintains uptrend as indicators signal further gains
20 October 2025 11:16 AM CIB stock maintains uptrend as indicators signal further gains
Cairo - Mubasher: Recent technical indicators highlighted that the stock of Commercial International Bank Egypt (CIB) continues its positive momentum after completing a correction that lasted for several sessions. The stock successfully maintained …
Banking and Finance
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20 October 2025 11:00 AM SehaTech boosts health insurance services in Egypt via $1.1m funding
Cairo – Mubasher: Egyptian Insurtech company SehaTech has closed a $1.10 million Seed funding round, bringing its total funding to $2 million, according to a press release. With this latest round of funding, SehaTech plans to expand its team, …
Companies Investments
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20 October 2025 09:33 AM CBE auctions T-bonds, floating-rate notes on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered fixed treasury bonds (T-bonds) at an aggregated value of EGP 30 billion over two tranches on Monday, 20 October. The first auction was valued at EGP 10 billion and will mature in two years …
Bonds
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20 October 2025 08:36 AM Visa to relocate regional digital sales center from Dubai to Cairo
Mubasher: Visa plans to relocate its regional digital sales center from Dubai to Cairo, leveraging Egypt's competitive advantage in terms of efficiency, operational costs, and technical infrastructure. The digital payment organization intends to …
Companies Investments
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20 October 2025 08:14 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds, along with their relevant prices as of the latest closing. Below, you can find the names of the Investment Funds, as well as the prices of each certificate in EGP and …
Banking and Finance