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Egypt imported 11 million tonnes of wheat in 2018
20 August 04:53 PM Egypt inspects Russian wheat shipments after explosion – Official
By: Mohamed Mowafy Cairo – Mubasher: The Egyptian Atomic Energy Authority (EAEA) will examine shipments of wheat and other food products coming from Russia, head of Egypt’s National Food Safety Authority (NFSA), Hussein Mansour, said. All …
Egypt will pay farmers between EGP 655 and EGP 685 per ardeb
24 June 04:38 PM Egypt pays EGP 14.5bn for local wheat since April
By: Mohamed Mowafy Cairo – Mubahser: Egypt’s government has paid about EGP 14.5 billion for the amount of wheat delivered by local farmers since the beginning of this harvest season, assistant to the country’s minister of supply Wael Abbas said.  …
Egypt has purchased 3.2 million tonnes of local wheat
10 June 06:17 PM Egypt’s strategic wheat reserves sufficient for 5M
By: Mohamed Mowafy Cairo – Mubasher: Egypt's strategic wheat reserves are enough to cover the country's needs for up to five months, assistant to the minister of supply said. The increase in strategic wheat reserves was attributed to the growth in …
The supply ministry aims to buy 3.6 million tonnes of local wheat
10 June 01:48 PM Egypt pays EGP 14bn for local wheat since April – Minister
By: Mohamed Mowafy Cairo – Mubasher: Egypt’s government has paid about EGP 14 billion for the amount of wheat delivered by local farmers since the beginning of this harvest season, the country’s minister of supply and internal trade said. Egypt, …
Egypt will pay farmers between EGP 655 and EGP 685 per ardeb
9 June 01:33 PM Egypt receives 3.2m tonnes of local wheat since April
By: Mohamed Mowafy Cairo – Mubasher: Egypt’s government has purchased 3.2 million tonnes of wheat from local farmers since the beginning of this harvest season, assistant to the country’s minister of supply said. The world’s largest wheat importer …
‘Ai Everything Summit 2019’ kicked off in Dubai on 30 April
19 May 10:17 AM UAE leads GCC in adopting Fourth industrial revolution
Mubasher: The current industrial revolution will not include organisations that do not adapt by using new digital technologies, including the internet of things (IoT) and Artificial Intelligence (AI). Such entities are expected to fail to be ready …
Autonomous transport something that the UAE is already actively involved in
16 May 10:44 AM Genomic medicine amid UAE’s goals in Fourth Industrial Revolution – Colliers
Mubasher: The Fourth Industrial Revolution (4IR) is becoming an endorsing factor for economies all over the world and it is currently being seen in various sectors such as real estate, banking, entertainment, healthcare, and the new trend of …
The Arab tourists accounted for 26% of total visitors to Dubai
8 May 01:52 PM Dubai attracts 1.22m Arab tourists in Q1
By: Mahmoud Gamal Dubai – Mubasher: The number of Arab tourists who visit the emirate of Dubai has increased on a yearly basis, reflecting the attractiveness of the city to the Middle East’s visitors, data by the Department of Tourism and Commerce …
Fine Holding’s MENA regional marketing director Rawan Emeish
9 April 10:14 AM Fine Hygienic Holding doesn't mull listing on Arab stock market - Interview
By: Fahd Omran Cairo – Mubasher: Jordan-based Fine Hygienic Holding does not intend to be listed on any stock market in the meantime, the company’s MENA regional marketing director said. The group operates in five Arab states; namely Jordan, …
The greenback recorded around EGP 17.24 for buying and EGP 17.35 for selling on Thursday
21 March 04:35 PM Will USD hover below EGP 17 at national banks? – Analysis
By: Eslam Fadl Cairo – Mubasher: The US dollar has been notably falling against the Egyptian pound since the Central Bank of Egypt’s (CBE) governor stated that the USD/EGP exchange rate would see further volatility. The USD exchange rate against …
The USD rate fell by EGP 0.3 to EGP 17.35 for buying and EGP 17.45 for selling at Egypt’s two largest state-owned lenders
14 March 04:55 PM USD edges down against EGP Thursday
Cairo – Mubasher: The US dollar exchange rate on Thursday slipped by EGP 0.3 to EGP 0.6 against the Egyptian pound at national banks. The USD rate fell by EGP 0.3 to EGP 17.35 for buying and EGP 17.45 for selling at Egypt’s two largest state-owned …
The USD rate settled at EGP 17.46 for buying and EGP 17.56 for selling at Egypt’s two largest state-owned lenders
26 February 04:12 PM USD stable against EGP Tuesday
Cairo – Mubasher: The US dollar exchange rate remained stable against the Egyptian pound at some Egyptian state-run banks on Tuesday. The USD rate settled at EGP 17.46 for buying and EGP 17.56 for selling at Egypt’s two largest state-owned …
USD slips against EGP at Egyptian banks
24 February 04:13 PM USD slips against EGP at Egyptian national banks
Cairo – Mubasher: The US dollar exchange rate fell against the Egyptian pound at some national Egyptian banks on Sunday. The USD rate dropped to EGP 17.47 for buying and EGP 17.57 for selling at Egypt’s two largest state-run banks, namely the …
The EGP has been also stable against the USD at both of Credit Agricole and ADIB
11 February 04:31 PM EGP mixed against USD Monday
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian pound exchange rate slashed against the US dollar at some Egyptian banks on Monday, while it remained stable at state-run lenders. The USD rate remained stable at EGP 17.55 for buying and EGP …
EGP Jumps against USD Tuesday
5 February 02:37 PM EGP Jumps against USD Tuesday on IMF's 5th tranche disbursement
By: Eslam Fadl Cairo – Mubasher: The Egyptian pound rose against the US dollar at national banks on Tuesday by 2 piasters after Egypt received the fifth tranche worth $2 billion of the International Monetary Fund’s (IMF) $12 billion loan. By 1:00 …
The USD has recorded around EGP 17.6 for buying and EGP 17.7 for selling at Egypt’s two largest state-run lenders
3 February 12:24 PM EGP stable against USD early Sunday
By: Abdallah Bedeir Cairo – Mubasher: The Egyptian pound has remained stable against the US dollar at national banks early Sunday. The USD has recorded around EGP 17.6 for buying and EGP 17.7 for selling at Egypt’s two largest state-run …
The GCC stock markets’ performance during January was extraordinary
31 January 12:09 PM GCC bourses to extend positive performance in February – Analysis
By: Mahmoud Gamal Dubai – Mubasher: After a green month full of gains in January, GCC bourses are expected to maintain the positive performance in February, especially if the efforts aimed at ending the so-called trade war between the US and China …
Top expat nationalities benefiting from FEWA’s new tariffs decision - Report
30 January 12:49 PM Top expat nationalities benefiting from FEWA’s new tariffs decision - Report
By: Mahmoud Gamal Dubai – Mubasher: Following the recent decision by the Federal Electricity and Water Authority’s (FEWA) to cut electricity tariffs in the UAE, several expatriate nationalities are likely to benefit from the decision, particularly …
EGP remained stable against USD at Egyptian banks early Tuesday
29 January 01:08 PM EGP stabilises against USD early Tuesday
By: Abdallah Bedeir Cairo – Mubasher: The Egyptian pound remained stable against the US dollar at the Egyptian banks early Tuesday after marking a two-day high since May 2018. National Bank of Egypt (NBE) offered the US dollar rate at EGP 17.58 …
The USD/EGP exchange rate has been falling since the beginning of the week
29 January 10:18 AM Why did the EGP jump against the USD? - Analysis
By: Eslam Fadl Cairo – Mubasher: The Egyptian pound has risen against the US dollar on the back of investors’ interest in local sovereign debt instruments, the Egyptian Exchange (EGX), the increase in remittances from expatriate Egyptians, added …
EGP mixed against FX currencies Monday
28 January 03:21 PM EGP mixed against FX currencies Monday
Cairo – Mubasher: The Egyptian pound showed a mixed performance on Monday against foreign currencies at national and private banks. Bank of Alexandria offered the highest US dollar rate at EGP 17.76 for buying and EGP 17.86 for selling, whereas …
Most of the GCC-listed banks have posted robust results
20 January 09:34 AM How will 2018 financial results impact GCC bourses?
By: Mahmoud Gamal Mubasher: Companies listed across GCC stock markets have begun disclosing their annual financial results along with cash dividend distributions. Such announcements are likely to bolster bourses towards further gains in the coming …
13 January 05:06 PM Why GCC equity markets expected to see refresh bounce?
The GCC stock markets are anticipating more positive performance over this week
6 January 05:11 PM Indians top Dubai airport visitors; Saudis rank second
The number of passengers going through the DXB has witnessed a slight decline of 0.9% in November.
3 January 07:55 PM 8 Arabs named among world’s richest people
8 Arabs were named among world’s richest people