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The index of chemical products rose by 21.7%
15 minutes ago Egypt’s manufacturing index rises 4.7% in May – CAPMAS
Cairo – Mubasher: Egypt’s index of manufacturing and extractive industries, excluding crude oil and petroleum products, increased by 4.7% month-on-month to 138.6 points in May from 132.43 points. The index of printing and reproduction of recorded …
The company’s capital will be raised by EGP 19.32 million
59 minutes ago Speed Medical’s board nods to capital raise through bonus shares
Cairo – Mubasher: Speed Medical Co’s board of directors decided to increase the company’s capital to EGP 71.32 million. The board approved raising the company’s capital by EGP 19.32 million from retained earnings by issuing 0.3717 bonus share for …
The pharmaceuticals company logged a net profit of EGP 21.8 million
1 hour ago Nile Pharma turns profitable in FY18/19
Cairo – Mubasher: Nile Pharmaceuticals and Chemical Industries (Nile Pharma) announced turning into profits during fiscal year 2018/2019. The pharmaceuticals company logged a net profit of EGP 21.8 million in the 12-month period ended 30 June, …
The capital raise will be financed from retained earnings
2 hours ago Dice’s board approves EGP 53m capital raise
Cairo – Mubasher: Dice Sport and Casual Wear’s (Dice) board of directors approved increasing the company’s authorised capital to EGP 106 million from EGP 53 million. The capital will be raised by EGP 53 million distributed on 265 million shares by …
Net profits grew to EGP 144.97 million
2 hours ago East Delta Mills posts 9% profit rise in FY18/19
Cairo – Mubasher: East Delta Flour Mills reported a 9.1% year-on-year profit increase during fiscal year 2018/2019. Net profits grew to EGP 144.97 million in the 12-month period ended 30 June from EGP 132.86 million in the year-ago period, the …
The strategic alliance will offer their clients access to a wider and more flexible network
2 hours ago ADIB, Al Baraka Banking ink MoU for network expansion
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, and the Bahrain-based Islamic multinational banking group Al Baraka Banking Group on Sunday announced the signing of a memorandum of understanding …
Net profits skyrocketed to EGP 24.63 million
3 hours ago Real Estate Egyptian Consortium’s H1 standalone profit hikes 359%
Cairo – Mubasher: Real Estate Egyptian Consortium reported a 358.6% year-on-year profit rise during the first half of 2019 on the back of higher revenues, the company’s standalone financial statements showed.   Net profits skyrocketed to EGP 24.63 …
The lender’s authorised capital will be raised to $1 billion
3 hours ago Faisal Islamic Bank’s shareholders nod to $500m capital hike
Cairo – Mubasher: Faisal Islamic Bank of Egypt announced that its shareholders had approved increasing the company’s authorised capital during an extraordinary general meeting (EGM). The lender’s authorised capital will be raised to $1 billion …
Sales rose to EGP 8.58 billion in FY18/19
3 hours ago Abu Qir Fertilizers logs EGP 3bn profit in FY18/19
Cairo – Mubasher: Abu Qir Fertilizers and Chemicals Company posted a 30.4% year-on-year profit increase during fiscal year 2018/2019. Net profits surged to EGP 3.157 billion from July 2018 to last June, compared to EGP 2.42 billion in the …
Net profits amounted to EGP 450 million
3 hours ago AMOC’s net profit drops 70% in FY18/19
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) reported a 69.7% year-on-year profit decline during fiscal year 2018/2019. Net profits amounted to EGP 450 million from July 2018 to last June, compared to EGP 1.48 billion in the year-ago …
Bids will be submitted from 8 September to 12 September
4 hours ago Egypt’s housing ministry offers land plots in new cities
Cairo – Mubasher: Egypt’s Ministry of Housing, Utilities, and Urban Communities, represented by the New Urban Communities Authority (NUCA), will offer 96 land plots for service purposes in the industrial zones in 11 new cities, according to a …
Trading will be resumed on Wednesday
4 hours ago EGX announces 23 July holiday
Cairo – Mubasher: The Egyptian Exchange (EGX) announced that it will be shut on Tuesday, 23 July, on the occasion of 23 July Revolution. Trading will be resumed on Wednesday, 24 July, the Egyptian bourse said in a statement on Sunday.
The Egyptian civil aviation ministry will arrange more flights from Cairo to Heathrow airport
5 hours ago BA’s suspension of flights to Cairo not ordered by British Gov’t
Cairo – Mubasher: Egypt’s Ministry of Civil Aviation denied media reports that British Airways’ (BA) suspension of flights to Cairo for seven days was ordered from the British government, according to a statement.  The civil aviation …
The issuance will be used to finance the country's budget deficit
10:26 AM CBE issues EGP 18.75bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18.75 billion on Sunday on behalf of the Ministry of Finance (MoF).  The first tranche of the T-bills will be offered through 91-day notes at EGP 9 …
Saudi Arabia topped importers
20 July 09:18 PM Egypt’s iron exports rise by 13% YoY in May
Cairo – Mubasher: Egypt’s iron exports grew by 13% year-on-year in May, according to a report released by the Export Council for Building Materials (ECBM). The North African country’s iron exports increased to EGP 1.44 billion ($84 million) in …
The UAE’s imports from Egypt went up to $2.1bn
20 July 06:52 PM UAE-Egypt trade amounts to $5.5bn in 2018
UAE – Mubasher: The trade exchange between Egypt and the UAE grew by 14% year-on-year to $5.48 billion (AED 20.1 billion) in 2018, according to Al-Ittihad newspaper. The UAE’s imports from Egypt went up to $2.1 billion last year, compared to $1.9 …
Oil prices rose in the second quarter of 2019
20 July 04:43 PM Kuwait’s non-oil economy to grow by 2.5% in 2019
Mubasher: While the growth of the global economy became more and more subject to many questions and doubts, the Kuwaiti economy maintained its stability, achieving a slight margin of improvement. Kuwait’s GDP grew by 2.6% year-on-year in the first …
19 July 11:45 PM Oil increases at Friday’s settlement   
Mubasher: Oil futures ended higher on Friday, falling 7.6% for the week.  
19 July 10:21 PM Gold finishes down on Friday
Mubasher: Gold fell at Friday’s settlement, gaining 1% for the week.
19 July 07:02 PM India gov’t mulls loans from foreign banks for small firms
Mubasher: The Indian government was in talks with foreign lenders to extend up to $14.5 billion lines of credit to millions of its small firms.
19 July 05:10 PM US consumer confidence stands firm in early July
Mubasher: Initial estimates by the University of Michigan indicated that the US consumer sentiment slightly grew virtual change during the first half of July.
The board proposed increasing employees’ profit share
19 July 04:45 PM Alexandria Container’s board proposes EGP 400m dividends
Cairo – Mubasher: Alexandria Container and Cargo Handling Company’s board has recommended the distribution of EGP 400 million in cash dividends. The board also proposed increasing employees’ share in profit to 15%, according to a bourse statement …
19 July 04:39 PM UK lawmakers see indecision on Huawei hurting international relations
Mubasher: The next UK prime minister should urgently decide on the part which Huawei would take in the fifth-generation networks.
Egyptian exports to COMESA surged 34.5%
19 July 04:31 PM Egypt’s trade with COMESA registers $2.3bn in 2018
Cairo – Mubasher: The trade exchange between Egypt and the Common Market for Eastern and Southern Africa (COMESA) reached $2.31 billion in 2018, compared to $1.64 billion the year before. Egyptian exports to COMESA surged 34.5% year-on-year to …
19 July 03:26 PM Microsoft’s quarterly profit climbs 49%
Mubasher: Microsoft said that its net income climbed by 49% year-on-year in the fourth quarter of its 2019 fiscal year, while revenue rose by 12%.