Egypt
Mubasher TV
 Contact Us Advertising   العربية
Egypt
EGX Closed
13 May 05:24 PM

Stocks News

Photo Archive
2 hours ago Beltone Leasing rolls out EGP400m leaseback agreement
Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has signed a sale and leaseback agreement and factoring facility amounting to EGP400 million with IL Cazar for Urban Development. The joint deal includes a sale and …
Companies Investments
Photo Archive
3 hours ago Suez Canal Bank’s profit soars to EGP 611m in Q1-24
Cairo – Mubasher: Suez Canal Bank’s net profit surged to EGP 611.24 million in the first quarter (Q1) of 2024 from EGP 250.86 million in the same quarter a year earlier. Net interest income jumped to EGP 1.09 billion in Q1-24 from EGP 707.24 …
Financial Results
Photo Archive
11:36 AM ADIB Egypt’s consolidated profits hike to EGP 2.1bn in Q1-24
Cairo – Mubasher: The net profits attributable to the owners of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) surged to EGP 2.11 billion in the first quarter (Q1) of 2024, compared to EGP 1 billion. Net income from funds witnessed a year-on-year …
Banking and Finance
Photo Gallery
10:11 AM Banque du Caire secures $100m SME financing from IFC
Cairo – Mubasher: Banque du Caire has signed an agreement with the International Finance Corporation (IFC) for a $100 million loan. This agreement includes $50 million earmarked to bolster the development initiatives of small, medium, and …
Macroeconomics
Photo Gallery
09:38 AM CIB records jump in Q1-24 consolidated profits to EGP 11.9bn
Cairo – Mubasher: Commercial International Bank-Egypt (CIB) logged consolidated net profits worth EGP 11.92 billion in the first quarter (Q1) of 2024, marking an annual leap from EGP 6.06 billion. Net interest income hiked year-on-year (YoY) to …
Banking and Finance
Photo Gallery
12 May 03:44 PM NHC, TMG break ground on SAR 40bn Banan City project in Saudi Arabia
Riyadh – Mubasher: Saudi Arabia’s National Housing Company (NHC), in collaboration with Talaat Moustafa Group Holding Company (TMG Holding), has laid the foundations for the Banan City project in Riyadh with SAR 40 billion (approximately $12 …
Companies Investments
Photo Archive
12 May 08:57 AM Alexandria Container’s profit leaps 26% YoY in 9M-23/24
Cairo – Mubasher: The net profit of Alexandria Container and Cargo Handling Company surged 26% year-on-year (YoY) to EGP 4.02 billion in the first nine months (9M) of fiscal year (FY) 2023/2024, versus EGP 3.19 billion. Sales jumped 21% YoY to EGP …
Financial Results
Photo Archive
9 May 12:25 PM TAQA Arabia posts 16% YoY higher consolidated profit in Q1-24
Cairo – Mubasher: TAQA Arabia recorded a 16% year-on-year (YoY) jump in consolidated net profit to EGP 102.77 million in the first quarter (Q1) of 2024 from EGP 88.38 million. Consolidated revenues grew 22% YoY to EGP 3.57 billion in Q1-24 from …
Financial Results
Photo Archive
9 May 11:12 AM Faisal Islamic Bank's consolidated profit leaps 181% YoY in Q1-24
Cairo – Mubasher: The consolidated net profit of Faisal Islamic Bank of Egypt jumped 180.60% year-on-year (YoY) to EGP 6.16 billion in the first quarter (Q1) of 2024 from EGP 2.19 billion. Revenues soared 78.80% YoY to EGP 11.66 billion in Q1-24 …
Banking and Finance
Photo Archive
8 May 02:27 PM RAYA CX acquires 15% of Gulf Customer Experience Bahrain
Cairo – Mubasher: The board of Raya Customer Experience (RAYA CX) has acquired 59,170 shares in Gulf Customer Experience Bahrain, representing 14.97% of the company’s capital. The acquired stake was bought from an American investor, according to a …
Mergers and Acquisitions
Photo Gallery
8 May 01:46 PM Air Cairo chooses Seera’s Almosafer as exclusive agent in Saudi Arabia
Riyadh – Mubasher: Egypt’s hybrid national airline Air Cairo has partnered with the Saudi travel company Almosafer, a subsidiary of Seera Group Holding, to become the exclusive general sales agent (GSA) of Air Cairo in Saudi Arabia, according to a …
Global Economy
Photo Gallery
8 May 10:21 AM Beltone, UAE’s Comera partner to boost digitalisation in Egypt
Cairo – Mubasher: Beltone Holding has signed a strategic partnership agreement with Abu Dhabi-based Comera Financial Holding to bolster digital transformation and customer experience in Egypt. Under the agreement, the two companies will join …
Companies Investments
Photo Archive
7 May 03:05 PM Qalaa Holdings registers EGP 11.8bn consolidated profits in 2023; revenues up 17%
Cairo – Mubasher: Qalaa Holdings logged consolidated net profits after tax valued at EGP 11.80 billion in 2023, lower year-on-year (YoY) than EGP 18.74 billion, including non-controlling interest. Meanwhile, the consolidated revenue grew 17% to …
Financial Results
Photo Archive
7 May 02:29 PM ASCOM registers leap in 2023 consolidated profits
Cairo – Mubasher: The consolidated net profits after tax of Asec Company for Mining (ASCOM) widened to EGP 1.95 billion in 2023 from EGP 96.90 million as of 31 December 2022. The EGX-listed firm generated revenues valued at EGP 1.92 billion last …
Financial Results
Photo Gallery
7 May 02:15 PM FABMISR opens 2 new branches in Giza, Cairo
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB, has inaugurated two new branches in Egypt. The new branches, the bank’s 66th and 67th in the country, are located on El-Haram Street in Giza …
Companies Investments
Photo Archive
2 May 12:05 PM Alexandria Container’s board mulls capital hike via bonus shares
Cairo – Mubasher: The board members of Alexandria Container and Cargo Handling Company agreed to increase the issued and paid-up capital to EGP 1.48 billion from EGP 744.87 million. The EGX-listed firm will raise its capital by EGP 744.87 million …
Board of Directors
Photo Archive
2 May 08:56 AM Arabia Investments, Nasr Company for Civil Works unveil capital hike
Cairo – Mubasher: The shareholders of Arabia Investments Holding and Nasr Company for Civil Works agreed to increase the company’s issued and paid-up capital. Arabia Investments plans to raise its capital to EGP 467.43 million from EGP 424.94 …
Corporate Actions
Photo Gallery
1 May 02:09 PM DFM launches ARENA platform for MENA companies, investors
Dubai– Mubasher: Dubai Financial Market (DFM) has launched ARENA, an innovative platform for initial private offerings. ARENA by DFM will support the growth of companies and investors in the Middle East and North Africa (MENA) region through …
Initial Public Offerings
Photo Gallery
1 May 01:09 PM Madinet Masr launches Sheya project, achieves EGP 5.1bn in sales
Cairo – Mubasher: Madinet Masr Housing and Development has launched the Sheya project in Sarai, its mega mixed-use development. Located on a 228,212 square metre area near the New Administrative Capital, Sheya includes 744 mixed-use residential …
Real estate
Photo Archive
1 May 11:43 AM EFIC posts 19% profit decline in Q1-24
Cairo – Mubasher: Egyptian Financial and Industrial Company (EFIC) registered a 19% year-on-year (YoY) drop in net profit after tax to EGP 70.93 million in the first quarter (Q1) of 2024 from EGP 87.26 million. Revenues surged 103% YoY to EGP …
Financial Results
Photo Archive
1 May 10:22 AM Crédit Agricole Egypt logs EGP 2.3bn consolidated profits in Q1-24
Cairo – Mubasher: Crédit Agricole Egypt recorded consolidated net profit after tax of EGP 2.28 billion in the first quarter (Q1) of 2024, a jump from EGP 1.22 billion in the same quarter a year earlier. Net interest income leapt to EGP 2.68 …
Banking and Finance
Photo Archive
1 May 08:49 AM Abu Qir Fertilizers’ net profit dips 3% YoY in 9M-23/24
Cairo – Mubasher: Abu Qir Fertilizers reported a 3.16% year-on-year (YoY) decline in net profit after tax to EGP 12.14 billion in the first nine months (9M) of the fiscal year (FY) 2023/2024 from EGP 12.53 billion. Revenues dropped 18.84% YoY to …
Financial Results
Photo Gallery
30 April 02:02 PM Sidpec registers 7% YoY higher profit in Q1-24
Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) recorded a 7.50% year-on-year (YoY) growth in net profit after tax to EGP 559 million during the first quarter (Q1) of 2024 from EGP 520 million. Sales decreased by 4.12% YoY to EGP 3.46 …
Financial Results
Photo Archive
30 April 11:09 AM AMOC sees higher consolidated profits at EGP 1.3bn in 9M-23/24
Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) logged consolidated net profits after tax amounting to EGP 1.31 billion in the nine months (9M) of fiscal year (FY) 2023/2024. The recorded net profits were higher by 19% year-on-year (YoY) …
Financial Results
Photo Archive
30 April 10:54 AM Beltone’s investment arm to launch $100m credit platform for Egyptian exporters
Cairo – Mubasher: Beltone Investment Holding (BIH), a subsidiary of Beltone Holding, is set to launch a $100 million private credit platform. The new platform will serve Egyptian exporters, according to a press release. The platform will …
Companies Investments