Mubasher Exclusive

CIB increased 7.9% to EGP 80
17 January 11:52 PM EGX30 adds 0.86%, EGX70 loses 2% in week
By: Heba Kordy Cairo – Mubasher: The Egyptian Exchange (EGX) closed in mixed notes during the week ended on Thursday. The benchmark EGX30 index went up 115.55 points, or 0.86%, to close at 13,482.99 points.  The EGX30 index has tried to break …
15 January 12:11 PM Egypt’s T-bond yields hit lowest since December – Report
Total proceeds from the T-bonds sale reached EGP 2.1 billion
15 January 10:51 AM EGX to maintain downward trend Tuesday - Analysts
Sell-offs are still weak, which may accelerate purchasing power
14 January 10:37 AM Banque du Caire to raise SME portfolio to EGP13bn end-2019
The bank aims to boost its SMEs portfolio to EGP 13 billion by the end of next December
14 January 10:32 AM EBRD invests $600m in Egypt’s SMEs
The bank has opened a branch in Alexandria and is currently working on opening a new office in Suez
14 January 10:31 AM Vicat Group to inject EGP 615m into Egypt’s cement sector
Vicat Egypt’s CEO Tamer Magdy
14 January 10:30 AM EGX to maintain bullish trend Monday - Analysts
The benchmark EGX30 index has a short-term resistance at 13,580 and 13,670 points
The bank plans to boost investments in SME portfolio by EGP 50.5 billion
14 January 08:55 AM NBE eyes EGP100bn SME portfolio by 2020
By: Eslam Fadl Cairo – Mubasher: The National Bank of Egypt (NBE) has financed small- and medium-sized enterprises (SMEs) with EGP 49.5 billion at the end of December, the bank’s head of SME finance said. The bank plans to boost investments in …
13 January 05:41 PM Egypt’s cabinet nods to $3-7bn Eurobonds sale
The government has started the Eurobonds sale procedures after getting the cabinet’s approval
13 January 05:40 PM Pyramids Real Estate invests EGP 2.2bn in Egypt’s new capital
The seven-storey mall will be completed and delivered by the end of 2020
13 January 05:33 PM CBE mulls establishing new firm to ramp up exports
The CBE has assigned Afreximbank to prepare a feasibility study for setting up a new company for supporting Egyptian exports
13 January 05:32 PM Egypt eyes cutting inflation rate to 9% in 2020
The CBE’s strategy aims to support financial inclusion to reach all social segments
13 January 05:06 PM Why GCC equity markets expected to see refresh bounce?
The GCC stock markets are anticipating more positive performance over this week
10 January 07:00 PM Egypt’s Mountain View eyes sealing EGP2.5bn contracts in 2019 -Chairman
Mountain View's chairman Omar Soliman
10 January 06:56 PM Egypt gov't to move to New Administrative Capital end-2019
Egypt's assistant minister of housing Khaled Abbas
Egypt’s housing ministry to offer units in New Alamein, New Mansoura soon
10 January 04:17 PM Egypt’s housing ministry to offer units in New Alamein, New Mansoura soon
By: Abdallah Bedeir Cairo – Mubasher: Egypt’s housing ministry will launch residential units suitable for different segments in New Alamein City and New Mansoura within two months, housing minister assistant for national projects Khaled Abbas said …
EGX30 index has a short-term resistance at 13,405 and 13,495 points
10 January 10:48 AM EGX to open Thursday in correction territory - Analysts
Cairo – Mubasher: The Egyptian Exchange (EGX) is likely to maintain the correction trend on Thursday, analysts told Mubasher. Ayman Fouda, head of capital market committee at the African Economic Council, projected the EGX to open today’s trading …
9 January 04:40 PM Egypt’s tourism to recover on 2019 African Cup hosting -Analysis
The tournament will positively impact the tourism sector
8 January 07:05 PM Reasons behind decline in Egypt’s int’l reserve
Cairo – Mubasher: Following a growth trend in Egypt’s international reserves which last for 25 months, the country’s reserves declined by $1.9 billion in December.
CBE has enough reserves to cover the country’s imports for nine months
8 January 07:01 PM Will lower int'l reserves hurt Egypt’s exchange rates?
By: Islam Fadl Cairo – Mubasher: A group of banks operating in Egypt began to increase the USD-EGP exchange rates on Tuesday following the Central Bank of Egypt's (CBE) announcement regarding the decline in international reserves during December. …
8 January 04:41 PM Egypt raises EGP 9bn to develop slums in 2019
Egypt will be empty of slums in 2019
8 January 04:38 PM Egypt’s gold reserves up 3.9% in December
Net foreign reserves recorded $42.55 billion at the end of December
EGX30 index is still seeing a short-term resistance at 13,470 and 13,550 points
8 January 10:40 AM EGX to maintain upward trend Tuesday - Analysts
Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) are expected to continue moving upwardly on Tuesday following the Coptic Christmas holiday. The EGX is likely to start today’s trading session in green territory on the resumption of …
3 January 07:55 PM 8 Arabs named among world’s richest people
8 Arabs were named among world’s richest people
3 January 05:12 PM EGX foreign purchases hit EGP 21.98bn since flotation
Net foreign purchases on the GX rose to EGP 21.98 billion during the period from November 2016 to December 2018.