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A total of 911 cases left the quarantine in Kuwait
4 hours ago Kuwait’s COVID-19 toll up at 317
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 …
The distributable profits amounted to EGP 3.366 billion
5 hours ago Elsewedy Electric’s OGM approves EGP 0.80/shr dividends for 2019
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 …
The benchmark EGX30 index plunged by 26.25%
11:21 AM EGX loses EGP 175.38bn market cap in Q1-20
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 …
Global crude prices plunged by more than 54% on Tuesday
11:16 AM Kuwait’s crude oil up $1.37 pb on Tuesday - KPC
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 …
The money supply increased to EGP 1.004 trillion
11:10 AM Egypt’s local liquidity rises to EGP 4.2trn in February
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, …
The ministry also reported seven new recoveries
10:46 AM Egypt’s COVID-19 cases reach 710
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 …
Saudi Ministry of Health
31 March 06:42 PM Saudi Arabia reports 110 new coronavirus cases
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 …
Accrued interest will be paid on a monthly basis
31 March 05:07 PM Banque Misr sells EGP 12.3bn of 15% certificates in 7 days
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 …
The newly confirmed cases are all in a stable condition
31 March 05:04 PM UAE reports new 53 COVID-19 cases
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 …
The board also approved the resignation of Michel Mathieu
31 March 04:31 PM Credit Agricole Egypt’s board decides to reduce proposed dividends
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 …
Tharwa drilled eight exploratory and development wells in 2019
31 March 04:07 PM Tharwa Petroleum seeks to acquire 6 concession areas in 2020
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 …
New Garden City spans over an area of 985 feddans
31 March 03:39 PM Egypt develops New Garden City at EGP 80bn
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 …
Aramco has set the selling price of propane for April futures at $230 per tonne
31 March 02:55 PM Saudi Aramco lowers propane price to $230/ton in April
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 …
The Egyptian company reported net profits of EGP 16.45 million
31 March 01:39 PM Misr Cement – Qena’s shareholders nod to dividends for 2019
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, …
Shareholders decided to distribute a total of EGP 116.76 million
31 March 01:18 PM Sarwa Capital’s OGM nods to EGP 0.10/shr dividends for 2019
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 …
The appointment will be effective as of 1 April
31 March 12:57 PM SODIC names new non-executive chairman
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 …
A total of 73 COVID-19 cases have recovered in Kuwait
31 March 12:49 PM Kuwait announces 23 new COVID-19 cases, 1 recovery
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 …
The bank will issue 32.122 million bonus shares
31 March 12:41 PM EG Bank’s OGM nods to capital raise via bonus issue
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 …
The Egyptian firm’s net profits grew to EGP 409.46 million
31 March 12:19 PM Edita’s shareholders approve EGP 0.20/shr dividends for 2019
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, …
The OGM approved a cash dividend distribution of EGP 0.75 per share
31 March 11:58 AM Zahraa Maadi’s shareholders approve cash dividends, bonus issue
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 …
Global oil prices fell to an 18-year low on Monday
31 March 11:49 AM Kuwait’s crude oil down $1.93 pb on Monday – KPC
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 …
Egypt's BoP posted an overall surplus of $410.9 million
31 March 11:25 AM Egypt’s Suez Canal receipts hit $3bn in H1-19/20
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. …
Egypt's BoP posted an overall surplus of $410.9 million
31 March 11:05 AM Egypt’s tourism revenues rise to $7.2bn in H1-19/20
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, …
The total number of COVID-19 cases reached 656
31 March 10:53 AM Egypt detects 47 new coronavirus cases
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 …
The current accounts’ deficit shrank by $684.4 million
30 March 06:27 PM Egypt's BoP records $410.9m surplus in H1-19/20
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 …