Cairo – Mubasher: The Egyptian Exchange (EGX) indices ended Tuesday with mixed performance after achieving outstanding performance in the first session after Eid El-Fitr holiday. The EGX30 main index declined by 0.73% to close at 29,400.84 points. …
Cairo – Mubasher: Egypt's merchandise exports rose by 5.3% year-on-year (YoY) to $9.61 billion in the first quarter (Q1) of 2024 from $9.12 billion in the same quarter of 2023. Leading destinations for Egyptian exports included Turkey ($874 …
UAE – Mubasher: Dubai International (DXB) has topped the 2023 list of top 10 busiest airports worldwide. The latest achievement marks DXB’s tenth year of leading the list, which is put by the Airports Council International (ACI), according to a …
UAE – Mubasher: The inaugural edition of the Global AI Show and the Global Blockchain Show is kicking off on 16 and 17 April 2024 at the Grand Hyatt, Dubai. Organised by VAP Group, the Global AI Show hosts international and regional thought …
Mubasher: Bold Routes, an Egypt-based brokerage company for real estate, has launched its tenth branch in Dubai, marking its first regional office, according to a press release. Abdel Rahman Badr, CEO of Bold Routes, highlighted that the company’s …
Cairo – Mubasher: MM Group for Industry and International Trade received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital hike procedures. The group plans to raise its authorised capital to EGP 936.58 million …
Cairo – Mubasher: Faisal Islamic Bank of Egypt reported a 179.80% year-on-year (YoY) surge in the standalone net profit to EGP 6 billion during the first quarter (Q1) of 2024 from EGP 2.14 billion in the similar quarter a year earlier. Total …
Cairo - Mubasher: The Central Bank of Egypt (CBE) issued treasury bonds (T-bonds) at a value of EGP 500 million on Tuesday, 16 April 2024, through one tranche. The offering holds a tenor of five years until 16 April 2029, according to official …
UAE – Mubasher: The second edition of the Green Hydrogen Summit will take place in the UAE capital on 16 April 2024, as part of the World Future Energy Summit (WFES), and it will be hosted by Abu Dhabi Future Energy Company (Masdar) under the …
Cairo – Mubasher: The Egyptian Exchange (EGX) indices achieved good leaps on Monday, the first after the Eid Al Fitr holiday. The EGX30 main index surged by 3.90% to close at 29,616.47 points. The small- and mid-cap EGX70 EWI jumped by 2.36% to …
Cairo – Mubasher: Ezz Steel turned to a consolidated loss during 2023, recording a net loss after tax of EGP 716.53 million, compared to a net profit of EGP 6.64 billion a year earlier. Consolidated net sales surged to EGP 142.91 billion last year …
Cairo – Mubasher: The Urban Communities Authority (NUCA) has received technical and financial proposals from Hyde Park, Madinet Masr Housing and Development, and Mountain View to participate in the New Heliopolis City project. Heliopolis Company …
Cairo – Mubasher: Eastern Company’s board approved new prices for some cigarette products to take effect as of 14 April 2024. The company set the new prices of local cigarette brands at EGP 34.50 per pack, according to a bourse filing. Prices of …
Cairo – Mubasher: Qalaa Holdings has signed an agreement to settle debt with five banks to settle around EGP 13.45 billion in debt. The first agreement was signed with Banque Misr, Banque du Caire, Arab African International Bank, and Al Ahli Bank …
Cairo – Mubasher: Egypt has raised 24.90% in the allocation of the healthcare sector to EGP 495.60 billion in the budget for the fiscal year (FY) 2025/2026 from EGP 396.90 billion in FY 2024/2025, said Minister of Finance Mohamed Maait. The …
UAE – Mubasher: Ducab Group, a UAE-based manufacturing firm, has revealed a strategic plan to expand into 20 new markets. The plan will bring the company’s operations to 75 countries across the Middle East, Africa, Asia, Australasia, Europe, and …
Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 55 billion on Monday, 15 April 2024, through two auctions. The first tranche stood at EGP 30 billion and will mature in 182 days on 15 …
Mubasher: The Saudi crude oil production surged by 20,000 barrels per day (bpd) to hit 9.03 million bpd in March 2024 compared with 9.01 million bpd in February, according to the latest OPEC report. The average crude oil production by Saudi Arabia …
UAE – Mubasher: Global aerospace engineering and leasing solutions leader Sanad, which is wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company, has renewed a five-year contract with Asiana Airlines, the second largest airline …
Mubasher: The performance of the capital markets in the Arab region was mixed during the holy month of Ramadan, with five markets rising and eight declining. The Palestine Exchange was the top performer, with the main index increasing by 20.48% …
Cairo – Mubasher: Mrsool Egypt, part of the delivery on-demand service platform Mrsool in Saudi Arabia, aims to offer 10,000 new job opportunities for couriers in 2024 as part of its expansion plans in the Egyptian market. The new addition would …
Mubasher: Forbes Middle East has revealed its ‘30 Most Valuable Banks’ ranking, with Saudi Arabia leading the list via 10 entries at an aggregated market value of $279.50 billion. As of 23 February 2024, the 30 banks had a combined value of …
Cairo-Mubasher: Egypt recorded a primary surplus of EGP 416 billion at a rate of 3% of the gross domestic product (GDP) during the July 2023-March 2024 period. Mohamed Maait, Egypt's Finance Minister, highlighted that the surplus was compared to …
Cairo – Mubasher: Egypt registered a 6.10% increase in tourism revenues to $7.80 billion in the first six months (6M) of the fiscal year (FY) 2023/2024. The recorded amount is compared to$7.30 billion a year earlier, according to official data. …
Cairo – Mubasher: Qatar National Bank Al Ahli (QNB Al Ahli) logged consolidated net profits after tax worth EGP 7.04 billion in the first quarter (Q1) of 2024. The recorded net profits were higher year-on-year (YoY) than EGP 4.71 billion, …
