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The issuance will be used to finance the country’s budget deficit
8 December 10:41 AM CBE issues EGP 18.5bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18.5 billion on Sunday on behalf of the Ministry of Finance. The first tranche will be offered through 91-day notes valued at EGP 9 billion, while the …
6 December 04:57 PM Saudi Arabia leads OPEC+ to agree on more output cuts
Mubasher: OPEC+ agreed to adjust output target and redistribute production cuts between its members, Bloomberg reported on Friday.
Sawiris owns 74.9% of Raiffeisen Touristik Group
5 December 02:11 PM Samih Sawiris acquires Thomas Cook’s German franchise network
Cairo – Mubasher: Raiffeisen Touristik Group, majority owned by the Egyptian billionaire Samih Sawiris, has acquired the German franchise network of Thomas Cook, Handelsblatt reported.  Sawiris owns 74.9% of Raiffeisen Touristik Group which …
5 December 01:03 PM Google’s algorithm takes its toll on Expedia as executives resign
Mubasher: Markets are worried over the headwind hitting Washington-based travel technology company Expedia after its CEO and CFO were forced to resign.
The company aims to obtain the land plot to build a comprehensive urban project
5 December 11:09 AM Heliopolis Housing receives purchase offer for 250-feddan land
By: Abdullah Bedeir Cairo – Mubasher: A real estate company has submitted a request to Heliopolis Company for Housing and Development to buy a 250-feddan land plot in New Heliopolis, a source told Mubasher. The company aims to obtain the land plot …
Founder and CEO of ArabNet, Omar Christidis
4 December 05:54 PM Arabnet Riyadh 2019 is packed with initiatives – CEO Interview
By: Moslem Ali Riyadh – Mubasher: ArabNet Riyadh will feature multiple tracks delving into discussions across a range of industries and topics on 10 & 11 December, bringing together more than 6,000 attendees. The Founder and CEO of ArabNet, Omar …
3 December 08:00 PM Japan may finalise $120bn stimulus package on Thursday
Mubasher: The Japanese government is reportedly planning to finalise a $120 billion economic stimulus package to support the economy.
The firm has issued complementary insurance policies on a fleet of more than 500 cars
11 March 10:17 AM AIG Egypt Insurance re-issues complementary auto policy
By: Fahd Omran Cairo – Mubasher: AIG Egypt Insurance Co has resumed the issuance of a complementary insurance policy on cars after suspending it in 2017. The firm has issued complementary insurance policies on a fleet of more than 500 cars of one …
NBK to hire hundreds of Saudi persons, to expand in Egypt and KSA
18 December 2017 00:31 PM NBK to hire hundreds of Saudis, eyes global expansion
Mubasher: The National Bank of Kuwait (NBK) plans to hire hundreds of Saudi bankers and expand through opening several branches in the Kingdom, Bloomberg reported. “NBK, as the bank is known, aims to expand in Riyadh and Dammam by the end of next …
The Egyptian Exchange (Photo credit: Mubasher)
11 April 2017 01:10 PM MM Group stock up 7% on first trading day
Cairo – Mubasher: MM Group for Industry and International Trade’s stock rose on its first trading day by 7% to EGP 6.38. By 12:07pm Cairo time, trading volume reached 10 million shares exchanged at EGP 66.6 million.