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28 October 11:43 PM

Mubasher Exclusive

Tatweer Misr has invested over EGP 4.5 billion in smart solutions
29 September 01:06 PM Tatweer Misr inks deal with Huawei to launch fully connected smart cities
By: Abdullah Bedeir  Cairo – Mubasher: Tatweer Misr has partnered with Huawei Technologies to provide sustainable and smart technological software solutions throughout Tatweer Misr’s projects.  Under the deal, Huawei technologies will deliver a …
Real estate
Photo Archive
27 September 02:10 PM Sorouh Developments plans EGP 1bn investments in NAC project
By: Abdullah Bedair Cairo – Mubasher: Sorouh Developments intends to invest EGP 1 billion in construction works of a residential project in the New Administrative Capital (NAC) over two years, CEO Islam Khamis told Mubasher. The real estate …
Companies Investments
The CEO of O West, Tarek Kamel
23 September 05:46 PM Orascom announces operation of two new schools in O West
By: Abdullah Bedeir  Cairo – Mubasher: Two new schools, namely Saxony International School (SIS) and British Columbia Canadian International School (BCCIS), have started operations in Orascom Development Egypt's (ODE) O West in the 6th of October …
Real estate
The project is expected to be established within two years
21 September 10:33 AM First Group launches EGP 750m residential project in Sheikh Zayed
By: Abdullah Bedeir  Cairo – Mubasher: First Group Developments plans to build a new residential project in Sheikh Zayed City over a 22-feddan area with investments of EGP 750 million.  The real estate developer has obtained the New Urban …
Companies Investments
Nihal El-Chami, Head of Programme and Marketing at Falak Startups
14 September 12:49 PM Startup Lounge: More VC investors now interested in Africa, Middle East – Nihal El-Chami
By: Marina Gamil Cairo – Mubasher: With the growing number of startups across different sectors, especially financial technology (FinTech), the dynamics of the venture capital (VC) landscape in Egypt have been changing with local and international …
Companies Investments
The company's stock rose by 73% to EGP 55.98
25 August 02:05 PM Zahraa Maadi becomes largest market-cap real estate developer on EGX
By: Heba El-Kordy  Cairo - Mubasher: Zahraa Maadi Investment and Development's stock rose to a new record level during Wednesday's trading session to be the largest real estate developer on the Egyptian Exchange (EGX) by market cap.  By 11:50 a.m. …
Trading Activities
The Egyptian market accounts for 10-15% of Mrsool's total operations
16 August 02:39 PM Mrsool eyes expansion in Africa via Egypt, listing on an Arab stock exchange
By: Ahmed Allam  Cairo - Mubasher: Mrsool has invested about EGP 300 million in the Egyptian market since launching its operations in the country in mid-2019, Country Manager for Egypt Osama Harfoush revealed.  The Saudi delivery platform is …
Initial Public Offerings
Financial inclusion with digital solutions could boost economic growth
8 August 08:11 PM Digital transformation, FinTech could drive financial inclusion in Egypt’s rural areas
By: Marina Gamil Cairo – Mubasher: Going back to the year 2000, very few people in Egypt had mobile phones, with the number of mobile cellular subscriptions per 100 inhabitants at 1.98, according to data by Statista. But with …
Banking and Finance
A total of 53 unplanned areas have already been developed at a cost of EGP 1 billion
5 August 04:18 PM Egypt develops 79 unplanned areas with EGP 2.4bn
By: Abdullah Bedeir Cairo - Mubasher: Egypt is currently developing 79 unplanned areas spanning over 6,900 feddans at a cost of EGP 2.4 billion, the Executive Director of Informal Settlements Development Fund (ISDF), Khaled Siddiq, said. A total …
Real estate
The inflation rate is expected to exceed 6% in October
4 August 05:49 PM CBE likely to keep interest rates unchanged for sixth time in row
By: Heba El-Kordy  Cairo - Mubasher: The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is expected to keep interest rates unchanged for the sixth time in a row in its next meeting on Thursday, 5 August, as the inflation rate is …
Central Banks
The slum development plan has an estimated cost of EGP 40 billion
3 August 01:46 PM Egypt spends EGP 32bn on developing unsafe areas since 2016
By: Abdullah Bedeir Cairo - Mubasher: Egypt has spent a total of EGP 32 billion on developing unsafe areas since 2016, the Executive Director of Informal Settlements Development Fund (ISDF), Khaled Siddiq, told Mubasher. The slum development plan …
Macroeconomics
The monthly urban inflation rate is expected to reach 1.2% in July
26 July 03:07 PM Egypt's inflation likely to pick up in July on fuel, electricity price increases
By: Heba El-Kordy  Cairo - Mubasher: Egypt's inflation rate is expected to rise slightly in July following the recent increases in fuel, electricity, and tobacco prices. On 23 July, the country's Fuel Automatic Pricing Committee increased the …
Macroeconomics
Social housing project
14 July 04:55 PM Egypt makes EGP 10bn available for developing governorate capitals
By: Abdullah Bedeir Cairo - Mubasher: Egypt has made EGP 10 billion available for developing governorate capitals and major cities as part of the EGP 300 billion allocated for the "Housing for all Egyptians" initiative, the Executive Director of …
Macroeconomics
Asmarat social housing
13 July 05:48 PM Egypt allocates EGP 300bn for developing governorate capitals, major cities
By: Abdullah Bedeir Cairo - Mubasher: Egypt has raised the allocated amount for developing governorate capitals and major cities to EGP 300 billion from EGP 250 billion as part of the "Housing for all Egyptians" initiative, the Executive Director …
Real estate
The Hajj season this year will witness a digitised journey from start to finish
13 July 01:37 PM How pilgrims benefit from digitisation when performing Hajj
By: Ingy ElSafy Mubasher: The COVID-19 pandemic has brought technology-enhanced methods that help authorities implement social distancing to preserve the health of people. Saudi Arabia will provide a digital Hajj (Muslim pilgrimage) this year and …
Global Economy
The EGP 3.7 billion Castle Landmark features an integrated, smart residential compound
30 June 04:20 PM Castle Development plans EGP 700m investments In New Administrative Capital during 2021
By: Abdullah Bedeir Cairo - Mubasher: Castle Development aims to invest EGP 700 million in construction works of its three projects in the New Administrative Capital during 2021, CEO Ahmed Mansour told Mubasher. The property developer plans to …
Companies Investments
Ahmed El-Alfi, Chairman of Sawari Ventures
22 June 04:46 PM Startup Lounge: Tech offers great opportunities for success – Interview with Ahmed El-Alfi
By: Moslem Ali Cairo - Mubasher: In the second instalment of our interview with the Founder and Chairman of Sawari Ventures, Ahmed El-Alfi, we discuss the future of technology and the opportunities of startups to succeed as technological …
Macroeconomics
Ahmed El-Alfi, Chairman of Sawari Ventures
21 June 01:01 PM Startup Lounge: High growth requires taking risks – Interview with Ahmed El-Alfi
By: Moslem Ali Cairo - Mubasher: Today’s guest in the Startup Lounge has played an integral role in developing the entrepreneurial scene in Egypt and the MENA region. He is one of the startup ecosystem leaders and investors who brought real …
Global Economy
Minister of Electricity and Renewable Energy, Mohamed Shaker
13 June 03:53 PM Egypt to invest up to $4bn in green hydrogen production
By: Ahmed Allam Sharm El-Sheikh – Mubasher: Egypt intends to produce green hydrogen through water electrolysis by investing in a project worth $3 billion to $4 billion, according to the Minister of Electricity and Renewable Energy, Mohamed Shaker. …
Macroeconomics
The first forum for the heads of African investment authorities
13 June 02:52 PM Egypt plans electricity interconnection with Saudi Arabia
By: Ahmed Allam Sharm El-Sheikh – Mubasher: Egypt will be launching a 2,000-megawatt electricity interconnection project with Saudi Arabia over the coming period, said the Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker. …
Macroeconomics
EGX Chairman Mohamed Farid speaking at the forum
13 June 01:44 PM EGX Chairman expects 4-5 IPOs in H2-21
By: Ahmed Allam Sharm El-Sheik – Mubasher: Egyptian Exchange (EGX) Chairman Mohamed Farid said that after listing the shares of two new companies this year, a third offering that was delayed is expected before the end of 2021. Speaking on the …
International Agreements
Roberto Croci, Microsoft for Startups MEA’s Managing Director
27 May 01:03 PM Startup Lounge: Pandemic enabled tech solutions for business continuity - Roberto Croci
By: Ingy ElSafy Mubasher: The technology sector is playing a major role in carving out space for startups to grow and scale their business. One example is Microsoft, which has a programme dedicated to startups. Here in Startup Lounge, Mubasher …
Global Economy
Plastic waste often impact marine life, ecosystems, and food chains
30 April 03:46 PM Egypt could soon ban single-use plastics amid COVID-19
By: Moslem Ali Cairo – Mubasher: Plastic bags that are often used for an average of 25 minutes could take more than 20 years to decompose, while other single-use plastic products, according to the World Wildlife Fund (WWF), might need between 400 …
Companies Investments
Noor Sweid, Founder and General Partner, Global Ventures
29 April 12:57 PM Startup Lounge: Health, edutech investments to flourish after pandemic – Noor Sweid
By: Ingy ElSafy Mubasher: The Middle East carries plenty of appeal for regional and international investors due to the favourable macroeconomic fundamentals that underpin these markets. Meanwhile, the sectors that have witnessed increased …
Macroeconomics
The chairman expects the deal to close by the third quarter of 2021
26 April 02:37 PM Ten real estate developers buy Heliopark development conditions booklet
By: Abdullah Bedeir Cairo – Mubasher: A total of 10 real estate developers have purchased the conditions booklet released by Heliopolis Company for Housing and Development for the development of Heliopark project over an area of 1,695 feddans in …
Companies Investments