Oman
Mubasher TV
 Contact Us Advertising   العربية
Oman
MSM Closed
06 March 06:21 AM

Egypt news

Photo Archive
4 hours ago Emirates NBD Research’s expectation for oil prices in Q1-26 shifts higher
Mubasher: Energy prices are forecast to sustain higher levels as the Strait of Hormuz is effectively shut, according to Emirates NBD Research. Approximately 20% of total global seaborne oil and liquefied natural gas (LNG) passes through the …
Politics
Photo Archive
5 hours ago Fitch Ratings does not expect significant upside to Brent oil price previous assumption for 2026
Mubasher: The effective closure of the Strait of Hormuz is likely to be temporary given its vital economic role, Fitch Ratings said in a recent statement. This, alongside global oil market oversupply, should limit oil price rises and mitigate any …
Global Economy
Photo Archive
5 March 03:50 PM Orascom Development logs EGP 5.3bn net profits in 2025
Cairo - Mubasher: Orascom Development Egypt achieved higher consolidated net profits after tax at EGP 5.37 billion in 2025, compared with EGP 3.44 billion in 2024. The basic earnings per share (EPS) grew year-on-year (YoY) to EGP 4.91 in …
Financial Results
Telecom Egypt's stock maintains uptrend despite profit-taking correction
5 March 03:44 PM Telecom Egypt's stock maintains uptrend despite profit-taking correction
Cairo - Mubasher: Telecom Egypt's stock price experienced a sharp correction in February 2026 after reaching an all-time high near EGP 113. The stock tested the support level at EGP 86.00 multiple times and successfully held it, reflecting the …
Stock Evaluations
Giza Contracting tests key EGP 0.51 level
5 March 03:43 PM Giza Contracting tests key EGP 0.51 level
Cairo - Mubasher: The stock of Giza General Contracting Company indicates a secondary downtrend. The price closed below the key support level of EGP 0.51. It recently rebounded from a numerical support level near EGP 0.46 and has begun to show …
Stock Evaluations
Photo Archive
5 March 03:12 PM Fawry logs higher consolidated profits at EGP 3bn in 2025
Cairo - Mubasher: Fawry for Banking Technology and Electronic Payments posted an annual jump in consolidated net profits after tax to EGP 3.10 billion in 2025, compared with EGP 1.74 billion. The basic and diluted earnings per share (EPS) totaled …
Banking and Finance
Photo Archive
5 March 01:01 PM e-finance’s consolidated profits exceed EGP 2.4bn in 2025
Cairo - Mubasher: The consolidated net profits after tax of e-finance for Digital and Financial Investments hit EGP 2.45 billion in 2025, higher year-on-year (YoY) than EGP 1.83 billion. The basic and diluted earnings per share (EPS) climbed to …
Banking and Finance
Hisham Okasha, new Chairman of CI Capital
5 March 11:24 AM CI Capital taps Okasha as new Chairman
Cairo - Mubasher: CI Capital Holding for Financial Investments has appointed Hisham Okasha as the chairman of the board, according to a bourse filing. Okasha, currently the CEO of Banque Misr, succeeded Ahmed Issa, the former tourism minister. The …
Board of Directors
Photo Archive
5 March 11:04 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 for …
Trading Activities
Photo Archive
5 March 10:26 AM CBE auctions EGP 95bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) worth EGP 95 billion through two auctions on Thursday, 5 March. Holding a tenor of 182 days until 8 September 2026, the first auction stood at EGP 40 billion, …
Central Banks
S&P Global Ratings
5 March 03:55 AM Exporters of LNG, oil from GCC through Strait of Hormuz will feel effects most acutely – S&P Global Ratings
Mubasher: The companies exporting LNG and oil from the GCC countries through the Strait of Hormuz will feel the effects most acutely, said S&P Global Ratings. In a recent statement, S&P Global Ratings noted that it looks at the potential effect of …
Sector Reports
Network International
5 March 03:48 AM Network powers domestic card tokenization while serving over 65 Middle East-based banks from Egypt hub
Cairo – Mubasher: Leading fintech company Network International has announced the enablement of Apple Pay acceptance by powering card tokenization for Apple smartphones for four renowned Egyptian banks. This step comes as part of Egypt’s digital …
Global Economy
Porsche Showroom
5 March 02:37 AM Global car manufacturer Porsche expands in Saudi Arabia
Riyadh – Mubasher: Porsche Saudi Arabia has officially opened its temporary Porsche Now store at Roshn Front in Riyadh. The new facility reflects the brand’s ambition to bring the brand experience closer to its community in Saudi Arabia while …
Global Economy
Photo Archive
5 March 02:13 AM Top MENA PMIs for February 2026 – Recap
Mubasher: The Purchasing Managers’ Index (PMI) data for the UAE and Saudi Arabia indicated the above the neutral 50 level for February 2026, while data for Egypt slightly approached it, according to a report by Emirates NBD Research. The S&P …
Global Economy
Sidpec’s stock targets EGP 18.4 after strong rally
4 March 04:11 PM Sidpec’s stock targets EGP 18.4 after strong rally
Cairo – Mubasher: The stock of Sidi Kerir Petrochemicals Company (Sidpec) recently broke through a secondary downtrend line and retested the key support level near EGP 16.70 before rebounding, accompanied by high trading volumes, indicating buying …
Trading Activities
Zahraa Maadi’s stock faces key resistance at EGP 5.22
4 March 04:00 PM Zahraa Maadi’s stock faces key resistance at EGP 5.22
Cairo - Mubasher: Technical analysis indicates that Zahraa Maadi Investment and Development’s stock is in a secondary downtrend, with trading below both the short-term (50-day) and long-term (200-day) moving averages, reflecting strong selling …
Stock Evaluations
Photo Archive
4 March 03:51 PM CI Capital’s consolidated profits hit EGP 1.5bn in 2025
Cairo - Mubasher: CI Capital Holding for Financial Investments registered an annual fall in consolidated net profit after tax to EGP 1.51 billion during 2025, compared with EGP 2.22 billion. Consolidated revenues rose to EGP 8.66 billion in the …
Financial Results
Photo Archive
4 March 02:06 PM Kima targets EGP 1.5bn profits in FY26/27, unveils green energy deals
Cairo - Mubasher: The board members of Egyptian Chemical Industries (Kima) approved the estimated budget for fiscal year (FY) 2026/27. Kima targets net profits worth EGP 1.50 billion in the July 2026-June 2027 period, according to a bourse filing. …
Companies Investments
Photo Archive
4 March 01:04 PM 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 for …
Global Economy
Photo Archive
4 March 02:36 AM TASI witnesses over SAR 87bn in total trading value in February – Aljazira Capital
Riyadh – Mubasher: According to the monthly report by Aljazira Capital for February 2026, the Main Market index (TASI) of the Saudi Exchange (Tadawul) ended the month at 10,709 points, which represented a decrease of 5.91% compared to January’s …
Trading Activities
The International Monetary Fund (IMF)
4 March 02:12 AM IMF issues statement on Middle East
Mubasher: The International Monetary Fund (IMF) issued the following statement on 3 March 2026, in line with the current tensions in the region. The IMF said that it is closely monitoring developments in the Middle East and has by far observed …
Trading Activities
Al Baraka Bank Egypt and Magdi Yacoub Global Heart Centre Officials
4 March 01:57 AM Al Baraka Bank Egypt allocates EGP 30m under corporate social responsibility
Cairo – Mubasher: Al Baraka Bank Egypt has announced the signing of a cooperation agreement with Magdi Yacoub Heart Foundation (MYF) in line with the lender’s ongoing commitment to corporate social responsibility (CSR). Under the agreement, the …
Banking and Finance
UAE Capital Market Authority
4 March 01:27 AM Update from UAE Capital Market Authority regarding trading resumption
UAE – Mubasher: The UAE Capital Market Authority (CMA) confirmed that trading and settlement activities on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will resume on Wednesday, 4 March 2026. This statement comes as …
Global Economy
FABMISR
3 March 05:43 PM FABMISR’s net profits hike to EGP 16.7bn in 2025
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the banking business of the UAE-listed FAB in Egypt, delivered resilient performance across its core business operations, generating net profits worth EGP 16.70 billion. The lender witnessed …
Banking and Finance
Photo Archive
3 March 03:34 PM Ibnsina Pharma’s consolidated profits jump to EGP 952m in 2025
Cairo - Mubasher: Ibnsina Pharma recorded consolidated net profits after tax worth EGP 951.98 million in 2025, which reflected a year-on-year (YoY) surge from EGP 614.56 million. The earnings per share (EPS) grew to EGP 0.76 in January-December …
Financial Results