Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T- bills) worth EGP 19.5 billion on Thursday on behalf of the Ministry of Finance. The first tranche of the T-bills is valued at EGP 9 billion and will be offered through …
By: Moslem Ali Cairo – Mubasher: “Stay Home” is a global call that spread across the world over the past months, signalling not only a new public policy and a health precaution against an infectious disease but a turning point in how markets …
Cairo – Mubasher: Egypt has acquired 40% of total trade exchange between Russia and Africa, the Middle East News Agency (MENA) reported on Wednesday, citing the Egyptian ambassador to Russia, Ehab Nasr, as saying. Egypt is Russia’s largest trade …
Cairo – Mubasher: City Edge Developments signed a protocol of cooperation with Suez Canal Bank as part of the Central Bank of Egypt (CBE) initiative for providing various mortgage financing plans. The first plan includes a mortgage finance for …
Cairo – Mubasher: The net profits of October Pharma hiked by 711% year-on-year (YoY) to EGP 27 million in the first half (H1) of 2020, compared to EGP 3.33 million. The company’s revenues rose to EGP 244 million in the six-month period ended on 30 …
Cairo – Mubasher: The ordinary general meeting (OGM) of Arab Cotton Ginning approved the appointment of eight board members for a new term. Mohamed Ali Hussein Ali El-Kaliouby has been named the company’s chairman, according to a bourse disclosure …
Cairo – Mubasher: Banque Misr raised its stake in CI Capital Holding For Financial Investments to 15.12% from 13.72%. The bank bought 14 million shares for EGP 58.1 million at an average price of EGP 4.14 per share, according to a statement to the …
Cairo – Mubasher: Canal Shipping Agencies achieved net profits of EGP 328.4 million in fiscal year 2019/2020, up by 46% year-on-year (YoY) from EGP 225.5 million. In the meantime, the company’s revenues retreated to EGP 55.5 million in the …
Cairo – Mubasher: Egypt is looking to digitise and automate 27 governmental universities and Al-Azhar University at a total cost of EGP 4.722 billion, the Minister of Higher Education and Scientific Research, Khaled Abdel Ghaffar, said. The plan …
Mubasher: The consolidated financial results of Naeem Holding for Investment has shown net losses of $1.68 million in the first half (H1) of 2020, compared to net losses of $236,958 in the same period of 2019. The company's revenues declined to …
Cairo – Mubasher: The net profits of the Egyptian Company for Construction Development (Lift Slab Misr) surged by 1,558% year-on-year (YoY) to EGP 3.79 million during the first half (H1) of 2020 from EGP 228,668. The company’s operating income …
Cairo – Mubasher: Emerald Real Estate Investment posted a 53% year-on-year (YoY) decrease in its net profits, logging EGP 7.89 million in the first half (H1) of 2020, compared to EGP 16.77 million. The company’s revenues fell to EGP 25.99 million …
Cairo – Mubasher: Six of October Development and Investment (SODIC) reported an 80% year-on-year (YoY) drop in its net profits to EGP 69.3 million in the first half (H1) of 2020 from EGP 337.9 million. The company’s revenues slid to EGP 1.07 …
Cairo – Mubasher: The European Bank for Reconstruction and Development (EBRD) has approved a $100 million funding deal with Banque Misr. The funding will be on-lent to small- and medium-sized enterprises (SMEs) which have been hit hardly by the …
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a mixed note amid local and Arab purchases and foreign selloffs. The benchmark EGX30 index went down by 0.17%, ending the mid-week session at 10,919.47 points. On …
Cairo – Mubasher: The National Bank of Kuwait – Egypt (NBK Egypt) achieved net profits of EGP 753.48 million in the first half (H1) of 2020, down by 28.6% year-on-year (YoY) from EGP 1.05 billion. Interest income from loans and revenues retreated …
Cairo – Mubasher: Misr Cement – Qena posted a 330% year-on-on-year (YoY) leap in its net profits, logging EGP 63.25 million in the first half (H1) of 2020, compared to EGP 14.69 million, including minority shareholders’ rights. The company’s sales …
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved a request submitted by Alexandria Portland Cement to begin procedures to delist its shares from the bourse. The cement producer is seeking to delist its 458.02 million …
Cairo – Mubasher: The Egyptian International Pharmaceutical Industries (EIPICO) reported a 34% year-on-year (YoY) decrease in its consolidated net profits to EGP 262.2 million in the first half (H1) of 2020, compared to EGP 398.3 million. …
Cairo – Mubasher: Lebanon’s BLOM Bank is considering several strategic options, including the sale of its stake in BLOM Bank Egypt, amid the economic crisis that hit Lebanon. This move is aimed at meeting the requirements set by the Lebanese …
Cairo – Mubasher: The Egyptian Drug Authority (EDA) has approved requests from 61 local companies to begin procedures to register Favipiravir medicine, a treatment for coronavirus (COVID-19), the Middle East News Agency (MENA) reported on Tuesday. …
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