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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 …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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. …
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 …
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 …
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 …
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 …
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 …
Egypt's Minister of International Cooperation, Rania El-Mashat
26 April 01:41 PM Egypt to build greener more inclusive economy after COVID - Rania El-Mashat
By: Moslem Ali and Ahmed Allam Cairo – Mubasher: Egypt was the only country in the region to achieve positive economic growth last year, despite the coronavirus (COVID-19) pandemic. Now, the country aims at taking the recovery as a chance to …
UN in 2015 led its member states to adopt the 2030 Agenda for Sustainable Development
22 April 12:06 PM Are MENA countries on track with achieving SDGs?
By: Ingy ElSafy Mubasher: The United Nations (UN) led its member states in 2015 to adopt the 2030 Agenda with 17 Sustainable Development Goals (SDGs) that include 169 specific targets, covering social, economic, and environmental dimensions, in …
FAB will integrate Bank Audi Egypt and FAB Egypt
21 April 02:57 PM FAB initiates share transfer process to acquire Bank Audi Egypt
Mubasher: First Abu Dhabi Bank (FAB) has started the share transfer process to acquire 100% of the share capital of Bank Audi Egypt, the subsidiary of Lebanon-based Bank Audi, after receiving the necessary regulatory approvals. Following the …
Central Bank of Egypt - (Photo Archive)
11 April 01:47 PM CBE to introduce instant payment module, soft POS in 2021 - Deputy Governor
By: Marina Gamil Cairo – Mubasher: The Central Bank of Egypt (CBE) will this year launch a full-fledged instant payment module, after finalising regulations, and introduce a soft point of sale (POS) system that allows the use of mobile phones as …
The Egyptian Exchange (EGX) - (Photo Archive)
5 April 06:12 PM EGX closes at lowest level in 10 months
Cairo – Mubasher: The Egyptian Exchange (EGX) maintained a strong downward trend on Monday, with selling pressures from foreign investors leading to more than EGP 10.5 billion in market cap losses. EGX paused today’s trading session earlier for …
Ora Developers does not rule out listing on EGX
5 April 04:22 PM EGX needs more liquidity - Naguib Sawiris
By: Abdalla Beder Cairo – Mubasher: The Egyptian Exchange (EGX) needs more listings to help with providing sufficient market liquidity, Naguib Sawiris said during Hapi Conference on Monday. Investors are afraid to enter the market as it is …
Egypt plans to assemble 25,000 electric cars
5 April 02:57 PM Egypt to commit EGP 5bn for public sector debt settlement
By: Abdallah Beder Cairo – Mubasher: The Egyptian government will provide EGP 5 billion to settle debts of public sector companies through an agreement with the Ministry of Finance, Minister of Public Business Sector, Hisham Tawfik, said on …
Egypt's Minister of Finance, Mohamed Maait
5 April 01:12 PM Egypt expects 3.6% growth rate for FY 2019/2020
By: Abdallah Beder Cairo – Mubasher: The Egyptian economy is expected to register a 3.6% growth rate during fiscal year (FY) 2019/2020, according to the Minister of Finance, Mohamed Maait Egypt is one of the few countries that was able to achieve …
CEO of Mubasher Media, Assem El-Bassal
4 April 04:49 PM Du aims to turn beginners into professional investors – Mubasher Media CEO
Cairo – Mubasher: The coronavirus (COVID-19) pandemic and its negative implications on the global economy have highlighted the urgent need for platforms that help investors protect their funds, take wise investment decisions, and pursue …
Assem El-Bassal, CEO of Mubasher Media - (Photo Archive)
29 March 05:49 PM Mubasher Media supports investors, plans expansion – CEO Assem El-Bassal
Riyadh – Mubasher: The CEO of Mubasher Media, Assem El-Bassal, said on Monday that the company is working on covering the main aspects across major sectors, led by the investors’ sector, by providing a perfect electronic environment for investors …
Mubasher seeks to enable beginners to become professional traders - (Photo Archive)
29 March 04:39 PM Mubasher's vision in line with Egypt's efforts to support investment plans - Rashad
Riyadh - Mubasher: The vision of Mubasher is in line with Egypt's efforts to support citizens' savings and investment plans and enable individuals and youth to further benefit from non-banking financial activities, according to …