Top News

The country's food exports to Iraq grew to $125 million in 2020

20 October 12:33 PM Egypt's food exports to Iraq hit $84m in eight months

Cairo – Mubasher: Egypt's food exports to Iraq rose by 1% to $84.2 million in the first eight months of 2021, compared to $83.7 million in the year-ago period, the Deputy Executive Director of the Egyptian Food Export Council, Tameem El-Dawy, was …

Macroeconomics

A committee has been formed to study investment opportunities in these countries

4 October 01:33 PM Talaat Moustafa Group considers expansion in Saudi Arabia, Iraq

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is planning to expand in Saudi Arabia and Iraq, CEO and Managing Director Hisham Talaat Mostafa said. The CEO pointed out that there is a great opportunity for major real estate …

Real estate

The segment brings the total length of the 2Africa cable system to over 45,000 km

28 September 03:47 PM 2Africa consortium extends subsea cable system to Arabian Gulf, India, Pakistan

Mubasher: The 2Africa consortium, comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, Saudi Telecom Company (stc), Telecom Egypt, Vodafone, and WIOCC, announced that a new segment has been added to the 2Africa subsea …

Macroeconomics

27 September 04:40 PM Pfizer begins study for novel COVID-19 oral antiviral drug

Pfizer has started a mid-to-late-stage study to evaluate the investigational novel oral antiviral drug for COVID-19.

Global Reports

Nihal El-Chami, Head of Programme and Marketing at Falak Startups

14 September 12:49 PM Startup Lounge: More VC investors now interested in Africa, Middle East – Nihal El-Chami

By: Marina Gamil Cairo – Mubasher: With the growing number of startups across different sectors, especially financial technology (FinTech), the dynamics of the venture capital (VC) landscape in Egypt have been changing with local and international …

Companies Investments

The substations have a capacity to power about 1.3 million households.

6 September 01:26 PM Elsewedy Electric, Toyota Tsusho complete four GIS substations in Iraq

Cairo – Mubasher: Elsewedy Electric Co and Toyota Tsusho Corporation (TTC) announced the completion of the engineering, procurement, and construction (EPC) contract of four gas-insulated switchgear (GIS) substations for the Iraqi Ministry of …

The Egyptian market accounts for 10-15% of Mrsool's total operations

16 August 02:39 PM Mrsool eyes expansion in Africa via Egypt, listing on an Arab stock exchange

By: Ahmed Allam Cairo - Mubasher: Mrsool has invested about EGP 300 million in the Egyptian market since launching its operations in the country in mid-2019, Country Manager for Egypt Osama Harfoush revealed. The Saudi delivery platform is …

Initial Public Offerings

25 August 04:10 PM Xiaomi records 64% higher revenues in Q2-21

Xiaomi Corp reported a 64% increase in revenues to 87.8 billion yuan during the second quarter (Q2) of 2021.

Global Reports

1 August 05:20 PM DirectFN signs contract for African Exchanges Linkage Project

Mubasher: The African Securities Exchanges Association (ASEA) has signed a contract with DirectFN to procure an order-routing system, in support of cross-border trading between African markets. Seven of Africa’s leading securities exchanges are …

Trading Activities

Job applicants can answer questionnaires and present an introductory video

16 August 03:29 PM AI-powered conversational recruitment tool could cut hiring time by 80%

Mubasher: A new online platform that uses artificial intelligence (AI) solutions claims it can make the recruitment process easier for both employers and job candidates, cutting down hiring time by 80%. Launched by US-based Velents, ConvoRecruit …

Global Economy

The Hajj season this year will witness a digitised journey from start to finish

13 July 01:37 PM How pilgrims benefit from digitisation when performing Hajj

By: Ingy ElSafy Mubasher: The COVID-19 pandemic has brought technology-enhanced methods that help authorities implement social distancing to preserve the health of people. Saudi Arabia will provide a digital Hajj (Muslim pilgrimage) this year and …

Sector Reports

28 July 04:03 PM Pfizer’s sales of COVID-19 shots hit $7.8bn in Q2-21

Global Reports

27 July 03:29 PM Arabica coffee prices hit highest level in seven years

Global Reports

26 July 01:19 PM Bitcoin hits highest level since May

Global Markets brief

21 July 03:44 PM Johnson & Johnson expects $2.5bn in COVID-19 sales in 2021

Johnson & Johnson has expected to record $2.5 billion in the sales of its coronavirus (COVID-19) vaccine.

Global Reports

21 July 11:10 AM Central banks, wealth funds shifting to greener investments

COVID-19 is accelerating the transition of central banks and wealth funds to greener investments.

Global Reports

21 July 10:07 AM World Bank deploys $157bn to fight COVID-19 impacts

The World Bank has allocated over $157 billion to face the health, economic, and social impacts of COVID-19.

Global Reports

20 July 02:21 PM CO2 emissions to surge to record levels in 2023

The global carbon dioxide (CO2) emissions are set to surge to record levels in 2023.

Global Reports

Ahmed El-Alfi, Chairman of Sawari Ventures

22 June 04:46 PM Startup Lounge: Tech offers great opportunities for success – Interview with Ahmed El-Alfi

By: Moslem Ali Cairo - Mubasher: In the second instalment of our interview with the Founder and Chairman of Sawari Ventures, Ahmed El-Alfi, we discuss the future of technology and the opportunities of startups to succeed as technological …

Global Economy

21 June 01:01 PM Startup Lounge: High growth requires taking risks – Interview with Ahmed El-Alfi

By: Moslem Ali Cairo - Mubasher: Today’s guest in the Startup Lounge has played an integral role in developing the entrepreneurial scene in Egypt and the MENA region. He is one of the startup ecosystem leaders and investors who brought real …

Global Economy

Dana Gas collected $98 million from Egypt

15 July 10:55 AM Dana Gas collects $185m from KRI, Egypt in H1-21

Abu Dhabi - Mubasher: Dana Gas has collected $185 million (AED 678 million) in collections from the Kurdistan Region of Iraq (KRI) and Egypt in the first half (H1) of 2021, rising by 106% year-on-year (YoY). Collections registered a record high …

5 July 12:49 PM Iraqi investments in Egypt hit $500m

Cairo - Mubasher: Egypt’s Minister of Trade and Industry Nevine Gamea stressed the importance of strengthening the role of the private sector in Egypt and Iraq to boost bilateral economic relations between the two countries. Iraq comes in the …

Macroeconomics

Egypt’s exports to Iraq grew by 3% to $421.7 million last year

4 July 04:23 PM Egypt-Iraq trade exchange grows 36% in 2020

Cairo - Mubasher: Bilateral trade between Egypt and Iraq increased by 36% to $747.6 million in 2020, compared to $551.3 million a year earlier, Egypt’s Minister of Trade and Industry Nevine Gamea revealed. Gamea held a meeting with the …

Macroeconomics

GACA issued a circular to all airlines operating in Saudi Arabia

4 July 03:48 PM Saudi Arabia suspends flights to three destinations on COVID variant

Riyadh – Mubasher: Saudi Arabia’s General Authority of Civil Aviation (GACA) has suspended direct and indirect travel of citizens to the UAE, Ethiopia, and Vietnam without obtaining prior permission from the concerned authorities due to the …

Global Economy