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24 August 2025 07:02 AM Gathern secures $72m funding round led by PIF’s Sanabil Investments
Riyadh - Mubasher: Saudi peer-to-peer (P2P) vacation rental platform Gathern has raised $72 million in Series B funding, led by Sanabil Investments, a PIF subsidiary. The fundraising also witnessed the participation of STV, Pinnacle Capital, Nuwa …
Initial Public Offerings
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24 August 2025 06:57 AM ADNH Catering boosts regional expansion strategy via 50% stake in Compass Arabia
Abu Dhabi - Mubasher: ADNH Catering has acquired a 50% stake in Compass Arabia Limited, a Saudi joint venture (JV), accelerating its growth in the Kingdom. Starting from August 2025, the JV's performance will now be consolidated into ADNH …
Global Economy
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24 August 2025 06:40 AM CBE unveils T-bills worth EGP 65bn on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth EGP 65 billion through two auctions on Sunday, 24 August. The first offering stood at EGP 25 billion and will mature in 91 days on 25 November 2025, according …
Macroeconomics
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21 August 2025 06:30 PM Presight’s AI-Startup Accelerator brings together 10 global firms in Abu Dhabi
Abu Dhabi - Mubasher: Presight AI Holding is hosting its first-ever AI-Startup Accelerator Bootcamp in Abu Dhabi, gathering 10 startups globally to scale real-world AI solutions. During the three-day event, the startups will embark on a rigorous …
Event
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21 August 2025 01:34 PM CI Capital backs regional expansion plans via EGP 4.9bn revenues in H1-25
Cairo - Mubasher: CI Capital Holding for Financial Investments registered an annual drop in consolidated net profits after tax to EGP 699.28 million in the first half (H1) of 2025, compared to EGP 1.31 billion. Total revenues declined to EGP 4.92 …
Companies Investments
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21 August 2025 04:57 AM Banque Misr pens cooperation protocol with E-systematic to bolster mortgage services
Cairo - Mubasher: Banque Misr has signed a cooperation protocol with E-systematic for Technology and Project Management, the owner of The Official Egyptian Real Estate Platform. The agreement aims to provide smoother access to mortgage financing …
Real estate
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21 August 2025 04:44 AM UAE’s CE-Ventures backs $100m round in US-based Aalo Atomics
UAE - Mubasher: CE-Ventures, the corporate venture capital (VC) platform of Crescent Enterprises, has joined the $100 million Series B funding round for leading US nuclear technology company Aalo Atomics, according to a press release. The …
Global Economy
Founders of Starvania Studios
21 August 2025 04:42 AM Starvania Studios to expand global business via $1.1m funding
Riyadh – Mubasher: Saudi Arabia-based Starvania Studios has secured an investment of $1.10 million from Merak Capital and Impact46, according to a press release. The funding will contribute to accelerating Starvania Studios’ growth trajectory by …
Global Economy
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21 August 2025 04:38 AM CBE unveils EGP 80bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at a combined value of EGP 80 billion through two issues on Thursday, 21 August. The first tranche was valued at EGP 35 billion and will mature in 182 days on 24 …
Banking and Finance
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21 August 2025 00:23 AM UAE-based Coraly.ai secures $2m funding to fuel regional expansion, international market entry
UAE – Mubasher: Proptech company Coraly.ai, formerly known as Coralytics, has recently closed a $2 million pre-seed funding round that was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle based in Abu Dhabi Global Market …
Global Economy
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20 August 2025 11:52 AM CIRA Education take over 51% of L’École Française Hurghada
Cairo - Mubasher: Cairo for Investment and Real Estate Development (CIRA Education) has acquired a 51% stake in L’École Française d’Hurghada, expanding its footprint in the Red Sea region. The stake acquisition deal marks the company’s first entry …
Companies Investments
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20 August 2025 11:22 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP and USD, as …
Mutual Funds
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20 August 2025 10:59 AM Masdar-led alliance closes $1.1bn deal for solar project in Saudi Arabia
Abu Dhabi - Mubasher: Abu Dhabi Future Energy Company (Masdar), GD Power, and Korea Electric Power Corporation jointly closed a $1.10 billion deal for the 2-gigawatt (GW) Al Sadawi solar project. The project falls under the National Renewable …
Global Economy
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20 August 2025 10:49 AM Lulu Retail launches new express store in Dubai to expand regional footprint
Abu Dhabi - Mubasher: Lulu Retail Holdings has opened a new 22,000-square-foot Lulu express store in Nad Al Hammar, Dubai, marking its 112th store in the UAE. The launch is part of the company’s expansion plans and underscores its strong retail …
Global Economy
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20 August 2025 07:37 AM Beltone Mortgage completes EGP 1.3bn securitized bond issuance
Cairo - Mubasher: Beltone Mortgage, a subsidiary of Beltone Holding, has concluded its first securitized bond issuance under Beltone Securitization’s second program. The deal attracted strong investor demand, achieving 2.3x oversubscription, …
Companies Investments
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19 August 2025 03:45 PM Valu concludes 1st bond issuance under EGP 10bn securitization program
Cairo - Mubasher: U Consumer Finance (Valu), MENA’s leading fintech platform, closed its 17th securitized bond issuance at EGP 460.70 million, according to a press release. The transaction, executed in partnership with EFG Hermes, an EFG Holding …
Companies Investments
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19 August 2025 03:36 PM Contact’s consolidated net profits fall to EGP 178m in H1-25
Cairo - Mubasher: Contact Financial Holding generated consolidated net profits after tax amounted to EGP 178.21 million during the first half (H1) of 2025, reflecting a 7.82% decline from EGP 193.37 million in H1-24. The company posted EGP 1.32 …
Financial Results
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19 August 2025 03:02 PM Sinai Cement’s consolidated profits hike 18% in H1-25
Cairo - Mubasher: The consolidated net profits of Sinai Cement reached EGP 768.81 million in the first half (H1) of 2025, marking an 18.03% year-on-year (YoY) increase from EGP 651.31 million. Net sales jumped to EGP 4.01 billion as of 30 June …
Financial Results
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19 August 2025 02:37 PM Madinet Masr to launch EGP 300m real estate investment fund in Saudi Arabia
Cairo – Mubasher: Secure Assets for Fixed Earnings (SAFE), owned by Madinet Masr Housing and Development, plans to establish a real estate investment fund in Saudi Arabia, with a target capital of EGP 300 million. This move aligns with the …
Companies Investments
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19 August 2025 01:33 PM Raya Holding posts 27.5% hike in H1-25 consolidated net profits
Cairo - Mubasher: Raya Holding for Financial Investment generated 27.50% higher consolidated net profits after tax at EGP 971.67 million in the first half (H1) of 2025, compared with EGP 762.13 million in H1-24. Revenues amounted to EGP 27.77 …
Financial Results
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19 August 2025 01:07 PM Egypt Kuwait Holding’s consolidated net profits up to $101m in H1-25
Cairo - Mubasher: Egypt Kuwait Holding (EKH) logged an annual growth of 1% in consolidated net profits to $101 million in the first half (H1) of 2025, versus $100 million. The EGX-listed company registered 32% year-on-year (YoY) higher revenues at …
Financial Results
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19 August 2025 00:34 PM Misr Beni Suef’s consolidated net profits hit EGP 953m in H1-25
Cairo - Mubasher: Misr Beni Suef Cement announced consolidated net profits after tax valued at EGP 952.80 million in the first half (H1) of 2025. The EGX-listed group generated sales amounting to EGP 2.66 billion in H1-25, while the earnings per …
Financial Results
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19 August 2025 11:07 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except …
Mutual Funds
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19 August 2025 10:00 AM Professional.me secures $3.1m funding round to fuel regional expansion plans
UAE – Mubasher: Abu Dhabi-based HRtech Professional.me has raised $3.1 million in seed funding led by Raha Beach Ventures, bringing its total to $4.6 million, according to a press release. The company will use the funding to expand its engineering …
Global Economy
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19 August 2025 08:16 AM Alexandria Container logs EGP 6.6bn profits in FY24/25
Cairo – Mubasher: The net profits after tax of Alexandria Container and Cargo Handling Company increased by 5% to EGP 6.61 billion in fiscal year (FY) 2024/2025 from EGP 6.28 billion in FY23/24. The sales reached EGP 8.29 billion at the end of …
Financial Results