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17 April 12:08 PM

Mubasher Exclusive

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 …
Sector Reports
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 …
Trading Activities
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 …
Macroeconomics
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 …
Macroeconomics
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 …
Macroeconomics
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 …
Trading Activities
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 …
Event
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 …
Macroeconomics
The Arab markets haven’t witnessed sharp fluctuations during the crisis
29 March 04:25 PM Arab markets successfully managed COVID-19 crisis thanks to central banks - Abul-Gheit
Riyadh – Mubasher: The leaderships of Arab stock markets have shown great resilience in dealing with the repercussions of the coronavirus (COVID-19) pandemic, Ahmed Abul-Gheit, Secretary-General of the Arab League, said on Monday. The Arab markets …
Event
Mohammed Al Kuwaiz, Chairman, Capital Markets Authority of Saudi Arabia - (Photo Archive)
29 March 02:35 PM Tadawul saw 34% more IPOs despite pandemic: CMA Chairman
Riyadh – Mubasher: Financial markets have faced exceptional challenges in 2020 due to the coronavirus (COVID-19) pandemic and the consequent preventive measures, but managed to play a major role despite the economic hardships, Chairman of the …
Event
Mohamed Farid, Chairman of the Egyptian Exchange - (Photo Archive)
29 March 02:15 PM Arab markets have 1,662 listed companies with $3.1trn in capital - EGX Chairman
Cairo – Mubasher: The Arab Federation of Exchanges (AFE) now has 21 members, representing 17 stock and commodity exchanges, four clearing companies, and several securities brokerage companies in the Arab region, the Chairman of the Egyptian …
Macroeconomics
Financial systems saw great changes during 2020 - (Photo Archive)
29 March 02:13 PM Arab markets lost $350bn at the pandemic's beginning - El-Dokany
Riyadh – Mubasher: Arab stock markets lost around $350 billion in market capitalisation in the first six weeks of the coronavirus (COVID-19) outbreak, according to the Secretary-General of the Arab Federation of Exchanges (AFE), Rami El-Dokany. …
Trading Activities
Eng. Mohammed Al Ballaa, Chairman, Mubasher Financial Group
29 March 01:47 PM We aim at increasing investors in Arab markets - Mubasher Chairman
Riyadh – Mubasher: The Chairman of Mubasher Financial Group, Eng. Mohammed Al Ballaa, said on Monday that the use of financial technology (FinTech) has played a significant role in the success and growth of Mubasher companies. More than 10 years …
Event
Rami El-Dokany, Secretary-General, Arab Federation of Exchanges (AFE)
29 March 12:40 PM AFE Annual Conference is a major event for Arab markets – El-Dokany
Riyadh – Mubasher: The 46th edition of the Arab Federation of Exchanges (AFE) Annual Conference is a major event for the financial sector in the Arab world, said Rami El-Dokany, Secretary-General, Arab Federation of Exchanges (AFE). AFE Annual …
Macroeconomics
Mubasher has invested more than EGP 360 million in launching its new Du brand
24 March 04:46 PM Du Trade allows stock trading without barriers
Cairo – Mubasher: Mubasher Financial Services, one of the five largest non-banking financial institutions in Egypt, seeks to attract new segments of customers to invest in the Egyptian Exchange (EGX) through raising financial and investment …
Trading Activities
Fintech and Digital Banking are among the areas of cooperation
22 March 01:28 PM PwC Academy, Egyptian Banking Institute collaborate to boost FinTech vigilance – Interview
Cairo – Mubasher: PwC’s Academy, the talent and skills development business of PricewaterhouseCoopers (PwC), is cooperating with the Egyptian Banking Institute (EBI), the official training and skills development arm of the Central Bank of Egypt …
Macroeconomics
Mubasher has invested more than EGP 360 million in launching its new Du brand
17 March 05:16 PM Du Invest offers investment, savings schemes to individuals, institutions
Cairo – Mubasher: Mubasher Financial Services, one of the five largest non-banking financial institutions in Egypt, has launched a new investment platform that helps individuals of all income classes to invest their savings. Mubasher has invested …
Companies Investments
The 21-karat gold grew to EGP 755 per gram
9 March 04:54 PM Gold gains EGP 10/gram on Tuesday
Cairo – Mubasher: Gold prices in Egypt partly recovered its losses during Tuesday’s mid-trades as the precious metal rose to $1,700 per ounce. The 21-karat gold grew to EGP 755 per gram on Tuesday from EGP 745 on Monday, Nady Naguib, Secretary …
Macroeconomics
Individuals can start with a monthly investment of EGP 500 through Du Invest
9 March 03:57 PM Mubasher's Du seeks to turn novice investors into professional traders
Cairo – Mubasher: Mubasher Financial Services, one of the five largest non-banking financial institutions in Egypt, has invested about EGP 360 million in launching its new Du brand for financial services, the first of its kind in Egypt that caters …
Companies Investments
The company is building a residential project with investments of EGP 1.5 billion
4 March 04:12 PM Mardev Developments plans EGP 400m investments in New Administrative Capital in 2021
 By: Abdullah Bedeir Cairo – Mubasher: Mardev Developments plans to invest EGP 400 million in new projects in the New Administrative Capital during 2021, the CEO Mohamed Zohdy said. The real estate developer takes part in the Capital of Hope …
Real estate
The CEO of Minka Development, Abdallah Sallam
2 March 01:39 PM Minka Development plans EGP 500m investments in 2021
By: Abdullah Bedeir Cairo – Mubasher: Minka Development plans to invest EGP 500 million in a new residential project in eastern Cairo during 2021, the CEO Abdallah Sallam revealed. Spanning over an area of 27 feddans, the new development will …
Companies Investments
About 202,180 residential units were built in 18 new cities
8 February 03:54 PM Egypt builds residential units for limited-income people at EGP 19.95bn cost
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian Ministry of Housing, Utilities, and Urban Communities established about 202,180 social housing units for limited-income people between 2014 and 2020. According to official data reviewed by …
Macroeconomics
The Jeddah-based company generated sales of more than $3 billion last year
7 February 04:51 PM Savola Group eyes acquisitions of food companies in Egypt, other markets
By: Fahd Omran Riyadh – Mubasher: Savola Group ended 2020 with robust financial results on the back of strong sales in the Saudi and Egyptian markets in the first year of its 2020/2024 plan, Mohamed Badran, the CEO of Savola Foods Egypt, said. …
Companies Investments
Accumulated losses of Hadisolb reached EGP 8.5 billion on 30 June 2020
27 January 05:15 PM Hadisolb's stock plunges 40% since liquidation announcement
By: Heba El-Kordy  Cairo – Mubasher: The stock of the Egyptian Iron and Steel (Hadisolb) lost about 40.2% since the announcement of its liquidation decision on 13 January. At the end Wednesday’s trading session, Hadisolb’s fell by 5.51% to EGP …
Trading Activities
The ICD's CEO, Ayman Amin Sejiny
26 January 05:20 PM ICD considers financing projects worth $45m in Egypt
By: Islam Fadl Cairo – Mubasher: The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB), has so far allocated a total of $230 million to Egypt, the CEO Ayman Amin …
Macroeconomics