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16 June 11:09 AM

Egypt news

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19 October 2025 04:46 PM Nanovate closes $2m funding round to expand in Saudi Arabia, UAE
Cairo – Mubasher: Egypt’s AI startup Nanovate has raised $2 million in a pre-seed funding round led by a group of angel investors, according to a press release. The startup will use the new funding to expand in Saudi Arabia and the UAE, strengthen …
Companies Investments
GB Corp
19 October 2025 03:17 PM GB Corp rebounds from uptrend line as stock tests key resistance at EGP 23.8
Cairo - Mubasher: GB Corp’s stock is currently trading within an uptrend extending back to 2024, maintaining its movement above the main trend line, according to Mubasher Research. This reflects the strength of the upward trend that has dominated …
Trading Activities
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19 October 2025 01:58 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP and USD, as of 18 …
Mutual Funds
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19 October 2025 00:26 PM NBE launches 1st branch in Saudi Arabia
Cairo – Mubasher: The National Bank of Egypt (NBE) has launched its business in Riyadh after receiving clearance from the Saudi Central Bank (SAMA) to operate in the kingdom, according to a press release. Mohamed El Etreby, the CEO of NBE, …
Banking and Finance
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19 October 2025 10:42 AM Midad Energy pens $5.4bn deal with Algeria’s Sonatrach to expand global footprint
Riyadh - Mubasher: Saudi energy investor-operator Midad Energy has signed a $5.40 billion production-sharing agreement with Algeria’s state-owned oil and gas company Sonatrach, according to a press release. The deal, fully funded by Midad Energy, …
Global Economy
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19 October 2025 09:18 AM ACWA Power’s affiliate closes SAR 10.8bn financing for Qurayyah CCGT IPP project
Riyadh - Mubasher:  Hajar Two Electricity Company, an affiliate of ACWA Power company, has achieved financial close of the Qurayyah CCGT IPP expansion project in the Eastern province of Saudi Arabia at an amount of SAR 10.80 billion ($2.90 …
Companies Investments
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19 October 2025 08:59 AM Emirates NBD reinforces global position via $3bn stake in India’s RBL Bank
Dubai - Mubasher: Emirates NBD entered into definitive agreements to acquire a controlling stake in India-based RBL Bank Limited through a primary infusion of approximately $3 billion. The proposed transaction aligns with the DFM-listed bank’s …
Companies Investments
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19 October 2025 08:35 AM CBE auctions T-bills worth EGP 78bn on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 78 billion through two tranches on Sunday, 19 October. The first issue was valued at EGP 30 billion and will mature in 91 days on 20 …
Treasury Bills
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16 October 2025 07:58 PM MFIC, Nawy Now raise EGP 443m in region’s 1st Ijarah-backed mortgage fund
Cairo - Mubasher: Misr for Financial Investments (MFIC), Synergy Capital’s asset-management arm, in partnership with Nawy Now, has raised EGP 443 million for MFIC’s first issuance fund in just 10 days. The oversubscribed fund marks Egypt and the …
Companies Investments
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16 October 2025 07:10 PM Sidpec logs 20.5% drop in 9M-25 net profits
Cairo - Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) generated net profits after tax worth EGP 1.50 billion in the first nine months (9M) of 2025, lower by 20.43% than EGP 1.88 billion in 9M-24. Revenues hit EGP 10.91 billion as of 30 …
Financial Results
stock
16 October 2025 00:46 PM Beltone's stock faces resistance at EGP 3.40 - Analysis
Cairo – Mubasher: Technical movements indicate that Beltone Holding's stock is clearly attempting to establish a medium-term bottom around EGP 3.00 on the daily chart. This came after an extended correction wave that followed a strong rally from …
Stock Evaluations
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16 October 2025 07:00 AM CBE unveils EGP 98bn T-bills end-week
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 98 billion through two tranches on Thursday, 16 October. The first tranche stood at EGP 38 billion and will mature in 182 days on 21 April …
Banking and Finance
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16 October 2025 06:56 AM Aramex partners with AWS to transform global IT infrastructure.
Dubai - Mubasher: Aramex has migrated its Oceania data center (DC) to Amazon Web Services (AWS) cloud, marking the beginning of its extensive global IT modernization journey. The move aims to enhance operational agility, resilience, and …
Global Economy
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16 October 2025 06:54 AM Palm Hills pays EGP 300m as 1st installment of North Coast fees
Cairo - Mubasher: Palm Hills Developments Company has paid EGP 300 million, representing 10% of the total fees imposed on the North Coast, according to a bourse disclosure. The amount is divided between Palm Hills and the partners who own the land …
Real estate
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16 October 2025 06:52 AM MENA-focused Talabat’s CEO steps down; Gyssels appointed
Dubai – Mubasher: MENA-focused Talabat Holding announced the resignation of its CEO Tomaso Rodriguez, as part of a planned leadership transition, according to a press release. Rodriguez, who held the position for six years, will continue …
Global Economy
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16 October 2025 06:48 AM Contact, e& money forge partnership to boost Egypt’s financial ecosystem
Cairo - Mubasher: Contact Financial Holding partnered with e& money to improve the consumer finance experience through advanced digital solutions that integrate Contact’s financing solutions directly into “My e&” and “e& money” mobile apps. The …
Banking and Finance
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15 October 2025 05:52 PM Monroe Capital opens Abu Dhabi office to expand Middle East presence
UAE - Mubasher: Monroe Capital has opened its office in Abu Dhabi after receiving its financial services permission (FSP) from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM). The new office marks a major step in …
Global Economy
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15 October 2025 03:02 PM Al Baraka Bank Egypt secures EGP 200m funding from MSMEDA
Cairo - Mubasher: Al Baraka Bank Egypt has signed a new agreement with the Micro, Small, and Medium Enterprises Development Agency (MSMEDA) to receive EGP 200 million over more than three years. The financing will be used to refinance SMEs and …
Companies Investments
Palm Hills
15 October 2025 11:42 AM Palm Hills’ stock expected to rebound over positive indicators
Cairo - Mubasher: Recent technical movements indicate that the stock of Palm Hills Developments Company is showing positive performance in the short-term after clearly breaching the moving average line. Mubasher Research highlighted that the stock …
Real estate
Photo Archive
15 October 2025 10:34 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP and USD, as of 14 …
Mutual Funds
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15 October 2025 09:23 AM Squares Developments launches EGP 15bn project in NAC
Cairo - Mubasher: Squares Developments has launched Sage Lakes Residence in the New Administrative Capital (NAC) with total investments of EGP 15 billion, marking its third project. Located in the R8 district, the 33-acre project aligns with the …
Companies Investments
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14 October 2025 02:55 PM Emirates NBD scales cross-border payment network to 40 countries globally
Dubai - Mubasher: Emirates NBD has expanded its near real-time cross-border payment network to over 40 countries worldwide, allowing customers to send funds faster and with unprecedented savings. In this regard, Emirates NBD customers will be able …
Companies Investments
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14 October 2025 02:10 PM Spinalex ends FY24/25 with over EGP 13.5m net losses
Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) incurred net losses after tax valued at EGP 13.61 million in fiscal year (FY) 2024/25, against net profits of EGP 115.23 million in FY23/24. Revenues witnessed an annual growth …
Financial Results
EFG Holding
14 October 2025 02:07 PM EFG Holding maintains steady climb in long-term uptrend
Cairo – Mubasher: The stock of EFG Holding has been trading within an ascending price channel since mid-2022, maintaining a positive long-term trend despite repeated corrections within the channel. Mubasher Research highlighted that the stock …
Trading Activities
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14 October 2025 00:50 PM MENA’s leading fintech Valu, PayTabs Egypt reshape digital payment landscape
Cairo - Mubasher: MENA’s leading universal fintech powerhouse U Consumer Finance (Valu) joined forces with PayTabs Egypt to accelerate the country’s digital payment transformation, according to a press release. The strategic collaboration will …
Banking and Finance