Tawasul
Mubasher TV
Contact Us Advertising   العربية

News Analysis

Industrial sector generated EGP 168.4 billion
9 December 05:46 PM Egypt’s industrial production inches down in Q1
Cairo – Mubasher: Egypt’s industrial production, less crude oil and refining, edged down by 0.1% year-on-year in the first quarter of 2019, according to the Central Agency for Public Mobilization and Statistics’ (CAPMAS) figures. The value of …
The market’s turnover amounted to EGP 441.5 million
9 December 04:56 PM EGX ends Monday in red; market cap gains EGP 1.69bn
Cairo – Mubasher: The Egyptian Exchange (EGX) ended Monday’s trading session on a negative note, with its benchmark EGX30 index falling by 0.38% to 13,442 points. The heavyweight Commercial International Bank (CIB) retreated 0.15% to EGP 77.4, …
70% of MENA’s corporate investors are GCC-based companies
9 December 03:25 PM Corporate appetite in MENA grows in 5 years – Arabnet Report
Mubasher: The entrepreneurial ecosystem across the Middle East and North Africa (MENA) has been grabbing global and regional attention, with higher investor appetite and interest in the region’s startups, according to Arabnet report. The “State of …
Lebanon and Jordan saw the highest female participation at 20%
9 December 02:29 PM MENA's public, private sectors foster female entrepreneurs' inclusion – Arabnet Report
Mubasher: The proportion of female entrepreneurs across the region stabilised at 14% during the period from 2013 and 2018 despite the governments' initiatives to involve more females in the labour force, according to the 4th edition of the “State …
Lebanon is home to 125 existing startups - Arabnet report
9 December 02:23 PM Lebanese entrepreneurs think digitally if given space to grow – Arabnet Report
Mubasher: Lebanon’s entrepreneurial ecosystem flourished making the country among the major assets for digital innovation across the MENA region, following the implementation of Circular 331 of the Central Bank of Lebanon back in August 2014. …
Mubasher interviewed EGX Chairman, Mohamed Farid Saleh, during RiseUp Summit 2019
8 December 03:30 PM EGX to expect more startup IPOs – Chairman Interview
Cairo – Mubasher: The Chairman of the Egyptian Exchange (EGX), Mohamed Farid Saleh, has asked all stakeholders to take part in nationwide efforts to increase public participation in the stock market, especially youth. “The value chain of any …
The value of startup investment deals hiked to $66 million in 2018
8 December 12:58 PM Egypt sees rapid growth in startup investments
Cairo – Mubasher: Egypt has been experiencing a rise in startup investments in the last few years, driven by Egypt Vision 2030 which aims to boost private investments into small- and medium-sized enterprises (SMEs). The most populous Arab nation …
The EGX100 index levelled down by 1.4%
6 December 04:28 PM EGX’s market cap loses EGP 10bn in week
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices went down in the week ended 5 December, as market capitalisation lost EGP 10 billion. The benchmark index, EGX30, shed 227 points, or 1.6%, to 13,622 points. The EGX70 index declined by 1.26% …
The public offering was oversubscribed by about 36 times
5 December 01:04 PM Rameda’s stock to start trading on EGX on 11 December
Cairo – Mubasher: The surplus subscription amount of the public offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) will be refunded to investors starting from 5 December. Rameda’s stock will start trading …
Sidi Kerir Petrochemicals led the rising blue chips
4 December 05:04 PM EGX ends Wednesday in green; market cap gains EGP 7.9bn
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session on a positive note, with its benchmark EGX30 index rising by 165 points, or 1.23%, to 13,635 points. The heavyweight Commercial International Bank (CIB) went up by …
GCC chemical production capacity reached 174.8 million tons last year
4 December 03:48 PM GCC chemical industry achieves $84bn in 2018
Mubasher: The chemical industry in the Gulf Cooperation Council (GCC) member countries achieved a revenue of $84.1 billion in 2018, according to a recent report by the Gulf Petrochemicals and Chemicals Association (GPCA). GCC production capacity …
Financial institutions accounted for 75% of total orders
4 December 01:53 PM Rameda’s private offering oversubscribed by 117%
Cairo – Mubasher: The private offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has been oversubscribed by 117% at EGP 4.66 per share, according to a company statement released on Wednesday. Financial …
The EGX100 index decreased by 0.67%
3 December 04:15 PM EGX’s indices end lower on Tuesday
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices declined at Tuesday’s close, as market capitalisation lost EGP 4.11 billion. The benchmark index, EGX30, shed 0.5% to close at 13,469 points, while EGX70 went down by 0.96% to 521.87 points. …
PMI index dropped to 47.9 in November
3 December 01:34 PM Egypt's non-oil private sector contracts for 4th successive month – PMI
Cairo – Mubasher: Activity in the Egyptian non-oil private sector shrank in November for the fourth month in a row, marking the fastest decline since September 2017. The seasonally adjusted Emirates NBD Egypt Purchasing Managers’ Index (PMI) …
Market capitalisation shrank by EGP 11.43 billion
2 December 05:29 PM EGX ends Monday in red on local, Arab sell-offs
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a negative note, with its benchmark EGX30 index falling by 1.76% to close at 13,537 points, compared to 13,780 points on Sunday. Meanwhile, the small- and mid-cap …
The EGX100 index shrank 1.8%
30 November 07:49 PM EGX’ indices see negative performance in November’s last week
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices went down in the last week of November, while market capitalisation lost EGP 9 billion. Market capitalisation declined to EGP 705.1 billion over the week, compared to EGP 713.9 billion in the …
Total ordered shares stood at 19.65 million
28 November 05:19 PM Rameda’s offering oversubscribed on 1st day
Cairo – Mubasher: The offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has been oversubscribed on the first day of subscription, sources in the Egyptian Exchange (EGX) told Mubasher on Thursday. Total …
The EGX70 index increased by 0.71%
28 November 05:01 PM EGX’s indices close higher on Thursday; Market cap gains EGP 5.3bn
Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices grew at the end of Thursday’ session, while market capitalisation gained EGP 5.3 billion to reach EGP 705.11 billion. The benchmark index, EGX30, rose by 0.65% to 13,849 points, shrugging off …
Trading value amounted to 335.3 million
27 November 06:06 PM EGX ends Wednesday in red; market cap hits 2 month-low
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session in red territory, while market capitalization hit its lowest level in two months in tandem with the release of the IPO prospectus of Rameda. Market capitalization …
Arab vacationers accounted for 28.3% of Dubai's total visitors
27 November 03:15 PM Saudi tourists top Dubai's Arab visitors in 9M
By: Mahmoud Gamal Dubai – Mubasher: The number of Arab tourists travelling to Dubai grew by 5.5% year-on-year (YoY) to around 3.42 million over the first nine months of 2019, as shown by official data. Arab vacationers accounted for 28.3% of the …
Americana Group's offer includes the purchase of 38.6 million shares
27 November 02:55 PM Americana Group comments on FRA’s rejection of MTO
Cairo – Mubasher: Americana Group affirmed that the mandatory tender offer (MTO) it submitted for acquiring the remaining shares of the Egyptian Company for International Touristic Projects (Americana Egypt) is in line with the standards and …
Production index of manufacturing declined to 130.92 in September
27 November 01:39 PM Egypt’s manufacturing index posts marginal decline in September
Cairo – Mubasher: Egypt’s production index of manufacturing and extractive industries, less crude oil and petroleum products, edged down by 0.89% month-on-month to 130.92 in September, official preliminary data showed on Wednesday. This compared …
Aramco raised feedstock prices last month
27 November 10:53 AM Oil prices directionless; demand estimates remain stable – Report
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has raised feedstock prices in October, a move which impact is likely to be seen in the fourth quarter (Q4), according to a recent report by Al Jazira Capital. A change in margins …
Turnover reached EGP 1.66 billion
26 November 05:51 PM EGX ends Tuesday down; market cap shrinks EGP 7bn
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a negative note. The benchmark EGX30 index dropped by 1.38%, ending the mid-week session at 13,781 points. Meanwhile, the small- and mid-cap EGX70 index fell by …
Exports of agricultural products grew to $120 million
26 November 04:51 PM Egypt’s engineering, electronic exports hit $225m end October
Cairo – Mubasher: Exports of the Egyptian Export Council of Engineering and Electronic Products increased by 16.58% year-on-year to $225 million in October from $193 million, data released by the General Organization of Export and Import Control …