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24 January 12:17 AM

Mubasher Exclusive

The 21-karat gold grew to EGP 817 per gram
21 January 04:38 PM Gold gains EGP 2/gram on Thursday
By: Mohamed Mowafy  Cairo – Mubasher: Gold prices in Egypt continued its rising trend as the global price increased in anticipation of further stimulus under US President Joe Biden’s administration. The 21-karat gold grew to EGP 817 per gram on …
Macroeconomics
The land plots are planned to have a density of 150 people per feddan.
13 January 03:48 PM Heliopolis Housing launches auction to sell 270-feddan land plots in New Heliopolis City
By: Abdullah Bedeir Cairo – Mubasher: Heliopolis Company for Housing and Development, a subsidiary of Holding company for Construction and Development (HCCD), launched a sealed-envelope auction to sell two vacant land plots, spanning over a …
Real estate
The price of the gold pound reached EGP 6,700
6 January 02:06 PM Gold prices in Egypt rise EGP 6/gram on Wednesday
Cairo – Mubasher: Gold prices in Egypt continued its upward trend on the back of the increased prices of the precious metal globally. The 21-karat gold rose to EGP 848 per gram on Wednesday, while the per-gram prices of 18- and 24-karat gold grew …
Macroeconomics
MubasherTrade came among the top 10 securities brokerage firms in 2020
5 January 04:33 PM Mubasher Holding's EGM approves addition of custodian, investment banking services
Cairo – Mubasher: The extraordinary general meeting (EGM) of Mubasher Capital Holding for Financial Investments approved the addition of custodian and investment banking services, the Vice Chairperson, Ehab Rashad, told Mubasher. In October 2020, …
General Assembly
The price of 24-karat gold stood at EGP 945 per gram on Monday
4 January 03:40 PM Gold prices in Egypt rise EGP 15/gram on Monday
Cairo – Mubasher: Gold prices in Egypt increased by about EGP 15 per gram on Monday as the global price rose $1,930 per ounce. The 21-karat gold registered EGP 840 per gram, compared to EGP 825 at the end of last week, while the per-gram price of …
Macroeconomics
The fund plans to invest EGP 318 billion over 10 years
29 December 2020 05:37 PM Egypt’s ISDF to invest EGP 3.4bn in developing 79 unplanned areas in FY20/21
By: Abdullah Bedeir Cairo – Mubasher: Egypt’s Informal Settlements Development Fund (ISDF) has completed the development of 53 unplanned areas at a value of EGP 1.1 billion, the fund’s Executive Director, Khaled Siddiq, told Mubasher. Moreover, …
Real estate
The ISDF has completed the development of 180,000 residential units
27 December 2020 01:50 PM Egypt’s ISDF spends EGP 29.5bn on developing unsafe slums
By: Abdullah Bedeir Cairo – Mubasher: Egypt’s Informal Settlements Development Fund (ISDF) has spent EGP 29.5 billion out of total allocated budget of EGP 38 billion on developing unsafe slums since 2016, the fund’s Executive Director, Khaled …
Real estate
Demand for gold witnessed a steep decline of 80% this year
22 December 2020 03:38 PM Gold prices in Egypt drop ahead of Christmas holidays
By: Mohamed Mowafy Cairo – Mubasher: Gold prices in Egypt retreated by about EGP 2 per gram on Tuesday as the global price dropped to $1,875 per ounce ahead of the Christmas holidays. The decline in gold prices was ascribed to the appreciation of …
Macroeconomics
Jannah Housing Project
21 December 2020 03:32 PM Egypt's Housing Ministry builds 15,456 luxury housing units in three new cities
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian Ministry of Housing, Utilities, and Urban Communities implemented 15,456 residential units in Jannah luxury housing project in El-Shorouk, El-Sheikh Zayed, and New Damietta from 2014 until 2020.  …
Real estate
Mirna Arif, General Manager of Microsoft Egypt
21 December 2020 00:02 PM Reimagining Egypt’s economy through digital transformation – Interview with Mirna Arif
By: Marina Gamil Cairo – Mubasher: In its recovery phase, Egypt has taken several initiatives to increase the contribution of digitalisation in its economic growth by advancing information technology (IT) infrastructure, supporting startups and …
Global Economy
Photo Archive
17 December 2020 09:21 PM Identifying investment opportunities post-COVID – Interview with Huda Al-Lawati
By: Moslem Ali Mubasher: In a time when the region’s markets continue to cope with the impacts of the Coronavirus (COVID-19) crisis, it is always important to listen to the experts’ opinion as we review our broader outlook for the region’s markets …
Global Economy
The implementation cost of the R3 is estimated at EGP 31 billion
14 December 2020 05:47 PM Egypt builds 142 residential buildings at EGP 3.23bn cost
By: Abdullah Bedeir  Cairo – Mubasher: Egypt’s Ministry of Housing, Utilities, and Urban Communities has built 142 residential buildings in the Third Residential District (Capital Residence Project R3) in the New Administrative Capital during the …
Real estate
The project will be launched in the second half of 2021
13 December 2020 02:13 PM Capital Link aims to invest EGP 1bn in project in New Administrative Capital
By: Abdullah Bedeir Cairo – Mubasher: Capital Link Developments has acquired a land plot in the New Administrative Capital to establish a new urban project with investments of more than EGP 1 billion, the Chairman Ashraf Badea, revealed. The …
Companies Investments
BariQ and Coca Cola will open the largest plastic waste sorting plant
6 December 2020 05:46 PM Raya Holding in talks to sell BariQ
By: Islam Fadl Cairo – Mubasher: Raya Holding for Financial Investments is negotiating with two companies willing to acquire its recycling subsidiary BariQ, the Chairman Medhat Khalil said. An Egyptian firm specialised in waste recycling sector is …
Companies Investments
Most of these investments will be injected to Aman
6 December 2020 04:35 PM Raya Holding eyes over EGP 500m investments in 2021
By: Islam Fadl Cairo – Mubasher: Raya Holding for Financial Investments is planning to invest more than EGP 500 million in 2021, the Chairman Medhat Khalil revealed. Most of these investments will be injected into Aman, Khalil said in an interview …
Companies Investments
EBE has already paid EGP 800 million in export subsidies
1 December 2020 02:17 PM Four banks to pay EGP 23bn overdue export subsidies
By: Islam Fadl Cairo – Mubasher: The Central Bank of Egypt (CBE), the Ministry of Finance, and the Ministry of Industry and Trade signed a protocol with four banks to pay overdue subsidies to exporters, the Chairman of Export Development Bank of …
Banking and Finance
The loan will be used to finance SMEs in 2021
30 November 2020 04:42 PM Banque du Caire in talks over EUR 50m loan
By: Islam Fadl Cairo – Mubasher: Banque du Caire is negotiating with several foreign institutions over a EUR 50 million loan, Nader Saad, Head of SME Banking Sector, revealed. The loan will be used to finance SMEs in 2021, Saad added in an …
Initial Public Offerings
The bank’s non-performing loans (NPLs) fell to 3.6%
30 November 2020 04:10 PM EALB raises loan portfolio to EGP 21bn
By: Islam Fadl  Cairo – Mubasher: The Egyptian Arab Land Bank (EALB) has increased its loan portfolio to EGP 21 billion from EGP 10.5 billion at the end of fiscal year 2019/2020, the Chairman Medhat Kamar told Mubasher. The bank’s non-performing …
Banking and Finance
The listing is aimed at increasing the company’s capital
17 November 2020 11:17 AM Egypt's e-finance expected to launch IPO in Q1-21
Cairo – Mubasher: Egypt’s financial technology company, e-finance, owned by the National Investment Bank (NIB), is expected to float its shares in an initial public offering (IPO) on the Egyptian Exchange (EGX) by the first quarter (Q1) of 2021, …
Initial Public Offerings
Gold prices rose by EGP 4 per gram
10 November 2020 04:59 PM Egypt’s gold prices return to gains on Tuesday
Cairo – Mubasher: Gold prices in Egypt returned to gains on Tuesday after crashing on Monday, following the announcement of promising COVID-19 vaccine results by Pfizer.  On Tuesday, gold prices rose by EGP 4 per gram, but still EGP 30 lower than …
Macroeconomics
Coldwell Banker International currently operates 3,000 offices worldwide
5 November 2020 05:11 PM Coldwell Banker Egypt targets above EGP 10bn third-party sales
By: Abdullah Bedeir Cairo – Mubasher: Coldwell Banker Egypt aims to generate more than EGP 10 billion in third-part sales during 2021, the CEO, Karim Zein, revealed. The company is dealing with about 80 property developers and promoting 300 …
Companies Investments
Rivan Square is built over an area of 15,500 square metres
4 November 2020 10:51 AM AlTameer Arabian launches EGP 1bn Rivan Square in New Administrative Capital
By: Abdullah Bedeir Cairo – Mubasher: AlTameer Arabian has launched its latest project in the New Administrative Capital with investments of EGP 1 billion during the Cityscape Egypt exhibition. Rivan Square, built over an area of 15,500 square …
Companies Investments
Raseedy was originally established in 2018
3 November 2020 11:49 AM Raseedy launches Egypt’s first independent digital wallet
By: Moslem Ali Cairo – Mubasher: Raseedy announced on Monday that it has officially become the first independent licensed digital wallet in Egypt, in partnership with saib Bank and Mastercard. Raseedy, established by Jacques Marco and Karl Marco …
Event
Kahira Pharmaceuticals jumped by 32% in three months
20 October 2020 05:09 PM Pharma stocks lead EGX ahead of potential acquisitions
Cairo – Mubasher: Amid market volatility due to concerns over a second wave of coronavirus (COVID-19) infections, pharmaceutical stocks on the Egyptian Exchange (EGX) reported strong performance ahead of potential mergers and acquisitions. Amr …
Trading Activities
Zedny was founded in 2018
18 October 2020 11:25 AM Online platforms for professional development - Interview with Zedny
By: Moslem Ali Cairo - Mubasher: With technological advancements and growing digital infrastructure, the digital education industry is growing in the Middle East. Remote learning, in particular, has gained increased importance with the recent new …
Companies Investments