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25 May 2025 10:03 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …
Mutual Funds
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22 May 2025 09:51 PM Matarat Holding, Thales team up to bolster Saudi airport sector
Riyadh - Mubasher: Matarat Holding has signed a memorandum of understanding (MoU) with Thales, a global leader in advanced technologies, to drive digital transformation in Saudi Arabia’s aviation sector. This partnership seeks to promote …
Companies Investments
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22 May 2025 09:17 PM Tabuk Cement reports 28% fall in Q1-25 net profits
Riyadh - Mubasher: Tabuk Cement Company recorded net profits of SAR 13.04 million in the first quarter (Q1) of 2025, reflecting an annual drop of 28.35% from SAR 18.20 million. The revenues decreased by 22.25% to SAR 67.68 million in the first …
Financial Results
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22 May 2025 09:05 PM Egypt cuts key policy rates 1%; CBE says decision reflects most recent outlook
Cairo – Mubasher: The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided, on 22 May 2025, to reduce key interest rates by 100 basis points (bps) The CBE cut overnight deposit and lending rates to 24% and 25%, …
Macroeconomics
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22 May 2025 08:45 PM DMCC witnesses 13% rise in Singaporean companies
UAE - Mubasher: Dubai Multi Commodities Centre (DMCC) recorded a 13% growth in companies from Singapore joining its international business district in the past 12 months. The announcement was made during DMCC’s first-ever roadshow on the ground in …
Companies Investments
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22 May 2025 08:06 PM Bybit becomes 1st crypto exchange to enable global stock trading with USDT
UAE - Mubasher: Bybit, a Dubai-based cryptocurrency exchange, has launched direct trading of top global stocks with USDT, according to a press release. This comes as a part of its expanding Gold & Forex (MT5) product suite, as Bybit became the …
Global Economy
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22 May 2025 08:03 PM Red Sea International sees 62% lower net losses in Q1-25; accumulated losses unveiled
Riyadh - Mubasher: Red Sea International Company logged a 62.23% decrease in net losses to SAR 4.52 million in the first quarter (Q1) of 2025, compared with SAR 11.98 million in Q1-24. Meanwhile, the revenues grew by 6.28% year-on-year (YoY) to …
Financial Results
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22 May 2025 06:52 PM MubasherTrade sets Bonyan’s FV at EGP 7.9/shr
Cairo - Mubasher: MubasherTrade Research has determined the fair value (FFV) of Bonyan for Development and Trade Company’s stock at EGP 7.94 per share, with a medium-risk buy recommendation. Mubasher Research evaluated the company's stock using …
Companies Investments
First Abu Dhabi Bank (FAB)
22 May 2025 06:30 PM FAB becomes 1st in MENA to adopt Oracle-Mastercard solution for B2B payments
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) is currently the first bank in the MENA region to pilot an innovative embedded finance and payments solution developed by both Oracle and Mastercard, according to an official statement. The …
Global Economy
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22 May 2025 05:59 PM Capgemini launches Digitelles Misr with AUC to empower women
Cairo – Mubasher: Global business and technology transformation partner Capgemini recently unveiled a one-year partnership with the American University in Cairo (AUC) Onsi Sawiris School of Business Center for Entrepreneurship and Innovation …
Companies Investments
Saudi Arabian Oil Company (Aramco)
22 May 2025 04:03 PM Aramco achieves world-first in gas operations, boosts renewables investment, energy efficiency
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has unveiled a world-first milestone by successfully commissioning a megawatt (MW)-scale renewable energy storage system to power gas production activities, according to an official statement. …
Companies Investments
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22 May 2025 03:08 PM Cisco unveils collaboration with Saudi enterprise to boost global AI infrastructure
Riyadh – Mubasher: Global leader in networking and security Cisco recently announced a groundbreaking initiative with new AI enterprise HUMAIN in Saudi Arabia to help build the world’s most open, scalable, resilient and cost-efficient AI …
Companies Investments
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22 May 2025 08:30 AM GTN and Galt & Taggart join forces: unlocking global investment for Georgia
UAE- Mubasher: GTN, a global fintech redefining trading and investing for all, today announced a partnership with Galt & Taggart, a leading investment bank in Georgia, to significantly enhance the online investment experience for their clients. …
Companies Investments
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22 May 2025 06:59 AM Zoho, areeba pen $5m partnership deal at Seamless Dubai 2025
UAE – Mubasher: Zoho and areeba signed a partnership agreement at Seamless Dubai 2025  to accelerate the digital transformation of businesses across the region, according to a press release. Under the joint deal, Zoho will invest up to $5 million …
Global Economy
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22 May 2025 06:51 AM RAKBANK, EDA announce AED 1bn co-financing to support UAE’s industrial growth
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) and Emirates Development Bank (EDB) jointly launched a co-financing partnership totaling AED 1 billion to support growth in national priority sectors. The initiative aims to boost …
Banking and Finance
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22 May 2025 06:41 AM IHC launches UAE-developed marketplace to boost AI globally
Abu Dhabi – Mubasher: International Holding Company (IHC) has launched a pioneering marketplace for AI solutions, powered by the Smart Artificial Intelligence Facilitator (SAIF), according to a press release. The marketplace is built in the UAE …
Global Economy
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22 May 2025 06:17 AM CBE offers EGP 70bn T-bills end-week
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 70 billion through two tranches on Thursday, 22 May. The first tranche stood at EGP 30 billion and will mature in 182 days on 25 …
Banking and Finance
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22 May 2025 06:11 AM Dubai-based carrier flydubai resumes direct flights to Damascus
UAE – Mubasher: Dubai-based carrier flydubai has resumed its direct flights to Damascus from 1 June 2025, according to a press release. Flights to Damascus International Airport (DAM) will operate daily from Terminal 2, Dubai International (DXB). …
Companies Investments
Flynas
21 May 2025 08:15 PM Flynas’ final IPO price set at SAR 80/shr; offering attracts SAR 409bn in orders
Riyadh – Mubasher: The final initial public offering (IPO) price for Flynas Company has been announced at SAR 80 per share, following the completion of the book-building process for the institutional tranche subscribed to the offered shares. BSF …
Companies Investments
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21 May 2025 07:07 PM Waja’s net profits shrink 76% in Q1-25
Riyadh - Mubasher: Waja Company logged net profits worth SAR 1.13 million in the first quarter (Q1) of 2025, marking a 76.13% plunge from SAR 4.74 million in Q1-24. The revenues dropped by 27.34% year-on-year (YoY) to SAR 25.20 million in Q1-25 …
Financial Results
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21 May 2025 06:09 PM Dubai Industrial City attracts AED 1.7bn of investments in 12 months
UAE – Mubasher: Dubai Industrial City attracted over AED 1.70 billion in total investment over the past 12 months across vital economic sectors including food & beverage (F&B), heavy equipment, energy solutions, automotive, and light industries. …
Macroeconomics
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21 May 2025 05:08 PM NMDC Energy to expand business in UAE, Saudi Arabia via joint deal
Abu Dhabi – Mubasher: NMDC Energy has signed a memorandum of understanding (MoU) to explore collaboration with Shanghai Hilong Shine New Materials Company Limited to establish a joint venture (JV) in the UAE and Saudi Arabia. The two sides inked …
Companies Investments
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21 May 2025 04:37 PM Eastern Company logs EGP 7bn profits in 9M-2024/25
Cairo – Mubasher: Eastern Company achieved net profits after tax amounting to EGP 7 billion in the first nine months (9M) of fiscal year (FY) 2024/2025, higher by 36% year-on-year (YoY) than EGP 5.17 billion. The EGX-listed firm posted 99% YoY …
Financial Results
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21 May 2025 04:12 PM EFG Holding records drop in Q1-25 consolidated profits
Cairo – Mubasher: EFG Holding posted lower consolidated net profits at EGP 1.55 billion in the first quarter (Q1) of 2025, versus EGP 2.11 billion in Q1-24. Earnings per share (EPS) dropped to EGP 0.83 in Q1-25 from EGP 1.24 in Q1-24, according to …
Financial Results
Photo Archive
21 May 2025 00:47 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …
Banking and Finance