Tawasul
Mubasher TV
Contact Us Advertising   العربية

Mubasher Exclusive

The increase in foreign reserves was backed by the issuance of Eurobonds
5 December 03:03 PM Egypt’s foreign reserves jump $2.8bn in 11M
By: Heba El-Kordy Cairo – Mubasher: Egypt’s foreign reserves continued to rise to record high levels, exceeding $45 billion in November. From January to November, the most populous Arab nation’s international reserves climbed by about $2.8 billion …
The company aims to obtain the land plot to build a comprehensive urban project
5 December 11:09 AM Heliopolis Housing receives purchase offer for 250-feddan land
By: Abdullah Bedeir Cairo – Mubasher: A real estate company has submitted a request to Heliopolis Company for Housing and Development to buy a 250-feddan land plot in New Heliopolis, a source told Mubasher. The company aims to obtain the land plot …
The National Investment Bank (NIB) owns a 69% stake in e-finance
4 December 05:54 PM Egypt’s e-finance to determine IPO date late December
By: Islam Fadl Cairo – Mubasher: Egypt’s e-finance will decide on the date of floating its shares on the Egyptian Exchange (EGX) by the end of December, the company’s chairman Ibrahim Sarhan told Mubasher. The state-run financial technology …
Founder and CEO of ArabNet, Omar Christidis
4 December 05:54 PM Arabnet Riyadh 2019 is packed with initiatives – CEO Interview
By: Moslem Ali Riyadh – Mubasher: ArabNet Riyadh will feature multiple tracks delving into discussions across a range of industries and topics on 10 & 11 December, bringing together more than 6,000 attendees. The Founder and CEO of ArabNet, Omar …
Investors placed 1,816 buy orders for 683.2 million shares
4 December 05:10 PM Rameda’s public offering 36.3 times oversubscribed – Sources
Cairo – Mubasher: The public offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has been oversubscribed by 36.28 times on the last day of subscription, informed sources told Mubasher on Wednesday. Investors …
HCWW owes the Ministry of Electricity a total amount of EGP 8 billion
4 December 03:55 PM Egypt’s HCWW owes EGP 21.6bn to NIB, electricity ministry
By: Islam Fadl Cairo – Mubasher: The Egyptian Holding Company for Water and Wastewater’s (HCWW) indebtedness to the National Investment Bank (NIB) and the Ministry of Electricity stood at EGP 21.6 billion, the company’s chairman Mahmoud Raslan …
The plot is subject to pricing
4 December 12:35 PM Porto Group to buy 30-feddan land in New Sohag
By: Abdullah Bedeir Cairo – Mubasher: Porto Group Holding has submitted an offer to buy a 30-feddan plot of land near Sohag University, head of the New Sohag Development Authority, Ragab Salman, told Mubasher. Porto Group is planning to launch an …
Investors submitted buy orders for 165.78 million shares
3 December 03:50 PM Rameda’s public offering 8.8 times oversubscribed on 4th day
Cairo – Mubasher: The public offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has been oversubscribed by 8.8 times on the fourth day of subscription, capital market sources told Mubasher on Monday. The …
Investors submitted 251 buy orders for 61.6 million shares
2 December 04:54 PM Rameda’s public offering oversubscribed 3.3 times on 3rd day
Cairo – Mubasher: The retail offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has been oversubscribed by 3.27 times on the third day of subscription, capital market sources told Mubasher on Monday. …
The land is located in New Heliopolis in El Shorouk City
1 December 05:47 PM Zahraa Maadi in talks with Heliopolis Housing over 34-feddan land
By: Abdullah Bedeir Cairo – Mubasher: Zahraa Maadi Investment and Development has submitted an offer to purchase a 34-feddan land plot from Heliopolis Company for Housing and Development, the investor relations manager at Zahraa Maadi, Karim Abu …
Heliopolis Housing logged a net profit of EGP 29.39 million in Q1-19/20
1 December 12:51 PM Heliopolis Housing mulls purchase offers for 50-feddan land
By: Abdullah Bedeir Cairo – Mubasher: Heliopolis Company for Housing and Development is currently in negotiations with several companies that submitted offers to purchase a 34-feddan land and another 16-feddan land in New Heliopolis in El Shorouk …
The total value of the land amounts to EGP 340 million
26 November 01:07 PM MNHD pays 10% down payment for 104-feddan land in West Assiut
By: Abdullah Bedeir Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has paid 10% of the value of a land plot covering an area of 104 feddans (about 436,800 square metres) in West Assiut as a down payment, head of Nasser City …
Emaar Misr logged a net profit of EGP 628.99 million in nine months
25 November 04:24 PM Emaar Misr rebuys 68.5-feddan land in Sheikh Zayed Extension
By: Abdullah Bedeir Cairo – Mubasher: Emaar Misr for Development has purchased a 68.5-feddan land, representing 50% of its 137-feddan land in Sheikh Zayed Extension, head of Sheikh Zayed Development Authority Mostafa Fahmy told Mubasher. The land …
Global Business Forum 2019 hosted 350 bilateral business meetings
21 November 06:15 PM Recap of ‘Day 2’ in Global Business Forum Africa 2019 – Mubasher
UAE – Mubasher: The Second and final Day of the fifth edition of ‘Global Business Forum Africa 2019’ was on Tuesday, 19 November 2019, where it witnessed discussions of important topics under the theme "Scale-Up Africa”. Being held under the …
GBF Africa 2019 kicked off on Monday, 18 November
21 November 06:10 PM Recap of ‘Day 1’ in Global Business Forum Africa 2019 – Mubasher
UAE – Mubasher: The fifth edition of the two-day event ‘Global Business Forum Africa 2019’ kicked off on Monday, 18 November 2019, under the theme "Scale-Up Africa" and the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and …
Raya Holding suffered net losses of EGP 58.16 million in nine months
21 November 02:10 PM Raya Holding considers delisting from EGX – Chairman
By: Heba El-Kordy Cairo – Mubasher: Raya Holding for Financial Investment (Raya Holding) might delist from the Egyptian Exchange (EGX) if the negative performance of the market persists, the company’s chairman and managing director Medhat Khalil …
New Mallawi City is expected to host about 524,000 people
20 November 03:05 PM Egypt’s housing ministry allocates EGP 2.7bn to New Mallawi Phase I
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian New Urban Communities Authority, affiliated to the Ministry of Housing, has allocated about EGP 2.73 billion in investments to the first phase of New Mallawi City. According to the executive plan …
Raya Holding is expected to issue the securitised bonds by H1-20
20 November 10:55 AM Raya Holding mulls EGP 700m securitised bond issue
By: Islam Fadl Cairo – Mubasher: Raya Holding for Financial Investment (Raya Holding) is considering the issuance of a new securitised bond worth EGP 700 million, the company’s chief financial officer (CFO) Hossam Hussein said. Raya Holding is …
The yield on the 91-day T-bills averaged 15.38%
18 November 04:52 PM Yield on Egypt’s T-bills hits lowest level in more than 3 yrs
By: Heba El-Kordy Cairo – Mubasher: The yield on 91-day treasury bills (T-bills) offered by the Central Bank of Egypt (CBE) on Sunday retreated to its lowest level since October 2016 in the first auction of T-bills after cutting interest rates, …
Vice chairman of Mubasher Capital Ehab Rashad
14 November 11:42 AM MubasherTrade eyes 200% capital raise – Interview
By: Mahmoud Gamal Mubasher: Mubasher International Trade for Securities (MubasherTrade) aims to increase its capital in the coming period by 200% to EGP 63 million ($1.3 million) from EGP 21 million ($3.9 million), vice chairman of Mubasher …
Branch of Attijariwafa Bank Egypt
12 November 08:34 PM FRA approves Attijariwafa’s insurance unit request to expand in Egypt
By: Islam Fadl Cairo – Mubasher: Attijariwafa Bank Egypt’s Morocco-based insurance arm has received preliminary approval from the Financial Regulatory Authority (FRA) for the incorporation of a life insurance company in Egypt, managing director of …
October’s inflation rate beat expectations
10 November 04:35 PM Egypt’s inflation rate slows down to 14-year low
By: Heba El-Kordy Cairo – Mubasher: Egypt’s annual inflation rate fell to its lowest level in October, according to a survey conducted by Mubasher. The North African nation’s annual inflation rate slowed down to 3.1% last month, compared to 4.8% …
Foreign deposits fall thanks to the recent appreciation of the EGP
6 November 01:38 PM Egyptian banks' foreign deposits fall to lowest level since December 2017
By: Heba El-Kordy Cairo – Mubasher: Total foreign-currency deposits at Egyptian banks retreated to its lowest level since December 2017, according to a survey conducted by Mubasher, hitting EGP 686.4 billion ($42.6 billion) in September from EGP …
The property developer will pay an advance payment of EGP 34 million
4 November 04:37 PM MNHD seeks to buy 104-feddan land in West Assiut
By: Abdullah Bedeir Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has submitted a request to obtain a land plot covering an area of 104 feddans (436.8 square metres) in Nasser City in West Assiut, head of Nasser City Authority …
NSB’s social solidarity funding stood at EGP 1.03 billion in FY18/19
4 November 04:13 PM Nasser Social Bank eyes EGP 500m capital hike in FY19/20
By: Islam Fadl Cairo – Mubasher: Nasser Social Bank (NSB) aims to increase its capital by EGP 500 million to EGP 3 billion during fiscal year 2019/2020, the bank’s vice chairman Sherif Farouk told Mubasher. In addition, the bank has received the …