Mubasher: The number of coronavirus (COVID-19) infections in Kuwait reached 317 after 28 new patients tested positive for the pandemic during the past 24 hours, according to an official statement by the health ministry on Wednesday. Earlier this …
Cairo – Mubasher: The ordinary general meeting (OGM) of Elsewedy Electric Co approved a cash dividend distribution of EGP 1.746 billion for 2019. The company’s shareholders decided to distribute EGP 0.80 per share after excluding 1.433 million …
By: Heba El-Kordy Cairo – Mubasher: The Egyptian Exchange (EGX) ended the first quarter of 2020 on a negative note, pressured by fears over the outbreak of the new coronavirus (COVID-19). The benchmark EGX30 index plunged by 26.25% to close at …
Mubasher: The price of Kuwait’s crude oil increased by $1.37 on Tuesday, 31 March, to settle at $25.7 per barrel (pb), compared with $24.33 pb last Monday, according to official prices released by the Kuwait Petroleum Corporation (KPC). At the …
Cairo – Mubasher: Egypt’s local liquidity continued its upward trend that started with the flotation of the Egyptian pound exchange rate in November 2016. The North African nation’s local liquidity amounted to EGP 4.187 trillion in February, …
Cairo – Mubasher: The Egyptian Ministry of Health confirmed 54 new cases of the novel coronavirus (COVID-19) of Egyptians returning from abroad. In addition, the ministry also reported seven new coronavirus recoveries and five new deaths, the …
Riyadh – Mubasher: The Saudi health ministry recorded 110 new cases with the coronavirus (COVID-19), bringing the total number of cases in the kingdom to 1,563 since the outbreak of the global pandemic. The ministry said in its daily report that …
By: Islam Fadl Cairo – Mubasher: Banque Misr sold EGP 12.3 billion of its new 15% annual rate savings certificates in seven days, the bank’s vice chairman Akef El-Maghraby told Mubasher on Tuesday. Online sales of these certificates accounted for …
UAE - Mubasher: The UAE Ministry of Health announced on Tuesday 53 new coronavirus (COVID-19) cases, raising the total number of cases in the country to 664, according to the Emirates News Agency (WAM). The new cases belong to different …
Cairo – Mubasher: The board of directors of Credit Agricole Egypt decided to amend the dividend distribution proposal to EGP 3.42 per share from EGP 4.55 per share. The proposal will be referred to the bank’s shareholders for approval, according …
Cairo – Mubasher: Tharwa Petroleum Company is looking to obtain six concession areas in 2020 and enter into partnerships with major companies, including Total, ExxonMobil, Chevron, BP, and Shell, the company’s chairman Amr El-Leithy said. The …
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian Ministry of Housing and the New Urban Communities Authority (NUCA) have estimated the cost of developing the New Administrative Capital's R5 residential district at EGP 80 billion. The R5 …
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has set the selling price of propane for April futures at $230 per tonne, down from $430 per tonne in March. Aramco further announced, as cited by Reuters, that the selling price of …
Cairo – Mubasher: The ordinary general meeting (OGM) of Misr Cement – Qena approved cash dividend distribution for 2019. The cement producer’s shareholders decided to distribute EGP 0.25 per share as cash dividends for last year’s earnings in May, …
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that its ordinary general meeting (OGM) approved cash dividend distribution for 2019. The company’s shareholders decided to distribute a total of EGP 116.76 million or EGP …
Cairo – Mubasher: The board of directors of Six of October Development and Investment (SODIC) announced the appointment of Osama Abdel Moneim Mahmoud Saleh as the non-executive chairman. The appointment will be effective as of 1 April 2020, the …
Mubasher: Kuwait on Tuesday reported 23 new coronavirus (COVID-19) cases and one new recovery during the past 24 hours, according to an official statement by the health ministry. The health ministry's spokesperson, Abdullah Al Sanad, further …
Cairo – Mubasher: The Egyptian Gulf Bank (EG Bank) announced that its shareholders approved a decision to increase its capital through a bonus issue. The bank’s ordinary general meeting (OGM) agreed to raise the issued capital by $32.122 million …
Cairo – Mubasher: The ordinary general meeting (OGM) of Edita Food Industries approved a proposal to distribute cash dividends for 2019. The company’s shareholders decided to distribute cash dividends of EGP 145.07 million or EGP 0.20 per share, …
Cairo – Mubasher: The ordinary general meeting (OGM) of Zahraa Maadi Investment and Development approved a decision to distribute dividends for 2019. The company’s shareholders agreed to distribute bonus shares valued at 100% of the company’s …
Mubasher: The price of Kuwait’s crude oil price registered $24.33 per barrel (pb) on Monday, 30 March, down by $1.93 when compared to $26.26 pb last Friday, according to the official prices released by Kuwait Petroleum Corporation (KPC). At the …
Cairo – Mubasher: Egypt’s receipts from Suez Canal increased to $3 billion during the first half of fiscal year 2019/2020, compared to $2.9 billion in the year-ago period, according to data released by the Central Bank of Egypt (CBE) on Monday. …
Cairo – Mubasher: Egypt’s tourism revenues rose by $459.7 million or 6% year-on-year to $7.2 billion in the first half of fiscal year 2019/2020, compared to $6.79 billion, according to data released by the Central Bank of Egypt (CBE). Meanwhile, …
Cairo – Mubasher: The Egyptian Ministry of Health reported 47 new coronavirus (COVID-19) cases and one new death of a 44-year-old Egyptian. The newly-detected cases are all Egyptians who had returned from abroad or had contact with …
Cairo – Mubasher: Egypt’s balance of payments (BoP) achieved an overall surplus of $410.9 million during the first half of fiscal year 2019/2020, compared to an overall deficit of $1.8 billion in the yea-ago period, official data showed. The …
