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25 June 05:58 PM

Egypt news

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12 March 2025 01:15 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to 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, except for …
Global Economy
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11 March 2025 05:10 PM Acrow Misr sees higher consolidated profits in 2024; revenues hit EGP 4.3bn
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork achieved consolidated net profits after tax amounting to EGP 1.14 billion in 2024, up from EGP 344.36 million in 2023. Revenues from contracts with customers hit EGP 4.31 billion last year, …
Financial Results
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11 March 2025 11:14 AM Emirates NBD-Egypt backs public transportation development in Egypt via EGP 3bn financing
Cairo – Mubasher: Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD, has penned a financing deal valued at EGP 3 billion with the National Authority for Tunnels (NAT) to support public transportation development projects in Egypt. This …
Banking and Finance
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11 March 2025 11:11 AM Madinet Masr reports higher consolidated profits at EGP 2.9bn in 2024
Cairo – Mubasher: Madinet Masr Housing and Development logged consolidated net profits after tax worth EGP 2.91 billion in 2024, an annual leap of 36.94% from EGP 2.12 billion. The real estate developer generated sales worth EGP 8.46 billion in …
Financial Results
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11 March 2025 10:41 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below, you can find the names of the Investment Funds as well as the price of each certificate in EGP, except …
Global Economy
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10 March 2025 00:26 PM CBE unveils EGP 21bn debt instruments on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned fixed treasury bonds (T-bonds) worth EGP 11 billion through two offerings on Monday, 10 March. The first issue was valued at EGP 5 billion and will mature in two years on 4 March 2027, …
Macroeconomics
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10 March 2025 11:22 AM Prices of investment funds including certificates in EGP
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below, you can find the names of the Investment Funds as well as the price of certificates in EGP as of 9 March …
Mutual Funds
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10 March 2025 10:48 AM Talabat acquires Instashop to expand network in MENA
Dubai – Mubasher: Talabat Holding has fully acquired InstaShop Limited, one of the leading online grocery delivery marketplaces in MENA, from Delivery Hero. With this acquisition, Instashop will foster talabat’s grocery and retail offerings, while …
Mergers and Acquisitions
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10 March 2025 10:19 AM Saudi Savola Group reinforces business in Egypt via new HQ
Riyadh – Mubasher Savola Egypt, a subsidiary of Savola Group, has officially inaugurated its new headquarters (HQ) in New Cairo’s Fifth Settlement. The inauguration aligns with the Saudi group’s objectives to strengthen its position in Egypt, …
Companies Investments
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9 March 2025 05:58 PM UAE-based Klaim fuels regional expansion plans via $26m funding
Mubasher: UAE-based healthcare payments solutions provider Klaim has secured $10 million in Series A equity funding and an additional $16 million financing fund to drive its regional expansion plans This investment will support Klaim’s mission to …
Companies Investments
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9 March 2025 01:11 PM MENA-focused PayTabs Group fully takes over PayTabs Egypt
Cairo – Mubasher: PayTabs Group has acquired a 51% stake in PayTabs Egypt from EFG Finance, an EFG Holding company, according to a recent press release The transaction aligns with the group’s long-term strategy to bolster digital transformation …
Companies Investments
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9 March 2025 00:44 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below, you can find the names of the Investment Funds as well as the price of each certificate in EGP, except …
Mutual Funds
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9 March 2025 10:12 AM CBE auctions EGP 100bn T-bills on Sunday
Cairo - Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 100 billion through two trenches on Sunday, 9 March. Holding a tenor of 91 days until 10 June 2025, the first offering stood at EGP 60 …
Macroeconomics
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9 March 2025 09:49 AM Palm Hills unveils EGP 3.2bn consolidated profits in 2024, regional expansion plans
Cairo – Mubasher: Palm Hills Developments Company registered 106% higher consolidated net profits after tax and minority interest at EGP 3.25 billion in 2024, compared to EGP 1.58 billion. Earnings per share (EPS) increased to EGP 1.12 last year …
Global Economy
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6 March 2025 01:57 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to 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, except for …
Companies Investments
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6 March 2025 11:16 AM Domty’s consolidated sales exceed EGP 9.2bn in 2024; dividends recommended
Cairo – Mubasher: Arabian Food Industries Company (Domty) logged consolidated net profits after tax worth EGP 501.17 million in 2024, up from EGP 454.43 million in 2023, according to financial results. Earnings per share (EPS) climbed to EGP 1.44 …
Financial Results
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6 March 2025 10:51 AM CBE offers EGP 90bn T-bills on Thursday
Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 90 billion through two issues on Thursday, 6 March 2025. The first tranche stood at EGP 50 billion, holding a tenor of 182 days until 9 …
Banking and Finance
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6 March 2025 10:21 AM AD Ports to receive Panamax cranes for new terminal in Egypt
Abu Dhabi – Mubasher: AD Ports Group is set to receive three new Panamax cranes from Shanghai Zhenhua Heavy Industries Company Limited (ZPMC) for the group’s new multipurpose cargo terminal in Safaga. The cranes are expected to be operational in …
Companies Investments
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5 March 2025 05:41 PM EMPC generates higher consolidated net profits at EGP 801m; revenue hits EGP 1.1bn
Cairo – Mubasher: Egyptian Media Production City Company (EMPC) posted consolidated net profits worth EGP 801.40 million in 2024, marking an annual surge from EGP 481.69 million. The earnings per share (EPS) rose to EGP 3.77 last year from EGP …
Financial Results
TAQA Arabia
5 March 2025 05:16 PM TAQA Arabia’s consolidated net profits soar to EGP 790m in 2024; revenue nears EGP 19bn
Cairo – Mubasher: TAQA Arabia witnessed an annual growth in its consolidated net profits in 2024 after reaching EGP 789.91 million compared to EGP 641.49 million. The basic and diluted earnings per share (EPS) rose to EGP 0.51 in 2024 from EGP …
Financial Results
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5 March 2025 04:52 PM Top MENA PMIs for February 2025 – Recap
Mubasher: The Purchasing Managers’ Index (PMI) data for the UAE, Saudi Arabia, and Egypt indicated the above the neutral 50 level while showing downward performance for February 2025, according to a report by Emirates NBD Research. The S&P Global …
Global Economy
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5 March 2025 01:16 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to 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, except for …
Companies Investments
Photo Archive
4 March 2025 05:21 PM DAMAC Properties joins ADIB to facilitate home ownership for UAE residents
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has teamed up with DAMAC Properties to introduce a home financing solution enabling UAE residents to secure financing for off-plan properties once construction reaches 35% completion. This makes …
Real estate
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4 March 2025 00:25 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to 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, except for …
Mutual Funds
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3 March 2025 04:13 PM SC Ventures, Visa sign MoU to back MENA’s SMEs ecosystem
Mubasher: SC Ventures joined forces with Visa to develop solutions aimed at supporting small and medium-sized enterprises (SMEs) across the MENA region, according to a press release. The two parties signed the memorandum of understanding (MoU) at …
Companies Investments