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2 December 04:44 PM EGX ends Thursday in red zone
Cairo – Mubasher: The benchmark index (EGX30) of the Egyptian Exchange (EGX) inched down 0.89% to end Thursday's trading session at 11,318.35 points. The small- and mid-cap EGX70 EWI inched down 0.28% to 2,157.56 points, while the EGX100 EWI …
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2 December 02:03 PM Arab Cotton Ginning's consolidated loss plunges 91% in Q1-21/22
Cairo – Mubasher: Arab Cotton Ginning Company has incurred net losses of EGP 437,000 in the first quarter (Q1) of fiscal year 2021/2022, down 91% from EGP 4.71 million in the year-ago period, as shown by the company's unaudited consolidated …
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2 December 01:34 PM Banque du Caire sees 7% higher net profits in Q3-21
Cairo – Mubasher: The net profits of Banque du Caire rose by 7% to EGP 2.7 billion by the end of the third quarter (Q3) of 2021, compared to EGP 2.5 billion in the year-ago period, the Middle East News Agency (MENA) reported. The bank's net income …
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2 December 12:57 PM Juhayna records 28% higher profits in 9M
Cairo – Mubasher: Juhayna Food Industries has recorded consolidated net profits of EGP 490 million in the first nine months (9M) of 2021, up 27.7% from EGP 384 million in the year-ago period. The company's revenues increased to EGP 6.52 billion in …
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2 December 12:15 PM Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn
Cairo – Mubasher: Palm Hills Developments (PHD) has completed its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with Sarwa Capital, a subsidiary of Contact Financial Holding. …
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2 December 11:47 AM Kima turns to profitability in Q1-21/22
Cairo – Mubasher: Egyptian Chemical Industries (Kima) has achieved net profits of EGP 122.04 million in the first quarter (Q1) of fiscal year 2021/2022, against net losses of EGP 414.84 million in the year-ago period. The company generated …
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2 December 11:20 AM Spain's investments in Egypt hit $24m in Q1-20/21
Cairo - Mubasher: Spain's investments in Egypt amounted to $24.3 million in the first quarter (Q1) of fiscal year 2020/2021, up 12.5% from $21.6 million in the same quarter of 2020. The trade exchange between Egypt and Spain reached $2.1 billion …
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2 December 10:53 AM El Obour Real Estate's capital raise subscription coverage exceeds 90%
Cairo - Mubasher: El-Ebour Co. for Real Estate Investment has recorded a 90.46% subscription coverage ratio to the company's capital raise. Around 10.631 million shares were issued at a total value of EGP 54.43 million or a nominal value of EGP 5 …
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1 December 06:59 PM EGX approves Odin Investments’ capital reduction on stock split
Cairo – Mubasher: The Egyptian Exchange’s (EGX) Listing Committee gave its green light for reducing Odin Investments’ capital to EGP 101.92 million from EGP 260 million. The capital decrease comes in line with splitting the par-value stock to EGP …
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1 December 05:29 PM Mastercard, Meta - Facebook team up to empower SMEs digitisation in region
Mubasher: Mastercard will be collaborating with Meta, formerly known as Facebook, to endorse the digitisation and growth of small and medium enterprises (SMEs) in the Middle East and Africa (MEA), according to a press release on Wednesday. Both …
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1 December 04:59 PM EGX closes Wednesday in green zone
Cairo – Mubasher: The benchmark index (EGX30) of the Egyptian Exchange (EGX) ended Wednesday’s session higher by 0.21% at 11,420 points. The small- and mid-cap EGX70 EWI gained 1.68% to 2,163.66 points. The EGX100 EWI rose by 1.40% to 3,148.67 …
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1 December 02:02 PM Egypt-Spain trade exchange nears EUR 2bn in 9M
Cairo – Mubasher: The trade exchange between Egypt and Spain increased by 23.8% to EUR 1.96 billion during the first nine months (9M) of 2021 from EUR 1.58 billion in 9M-20, Egypt’s Minister of Trade and Industry, Nevin Gamea, stated. Spain has …
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1 December 01:03 PM Saudi Arabia's 1st Future Minerals Summit to kick off next month
Riyadh – Mubasher: Saudi Arabia will debut its first-ever Future Minerals Summit during 11-13 January 2022 in the capital Riyadh, the Ministry of Industry and Mineral Resources announced on Wednesday. A ministerial roundtable before the summit …
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1 December 11:22 AM e-finance partners with Egypt’s UHIA to launch digital solutions firm
Cairo – Mubasher: e-finance for Digital and Financial Investments has teamed up with Egypt’s Universal Health Insurance Authority (UHIA) to launch a technology and digital solutions company, dubbed e-Health. e-Health will provide services for the …
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30 November 05:49 PM IsDB’s ICIEC signs agreement with Japan's NEXI to boost trade relations
Mubasher: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has partnered with Japan-based Nippon Export and Investment Insurance (NEXI), the Export Credit Agency (ECA) of Japan, through a memorandum of …
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30 November 04:23 PM Egypt’s stock market rises on Tuesday
Cairo – Mubasher: The main index (EGX30) of the Egyptian Exchange (EGX) closed Tuesday higher by 1.63% at 11,395.6 points. The small- and mid-cap EGX70 EWI also added 1.27% to 2,127.84 points. The EGX100 EWI gained 1.38% to 3,105.14 points. …
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30 November 03:50 PM Emerald Development records EGP 52m block trading deal
Cairo – Mubasher: The Egyptian Exchange (EGX) has announced an EGP 52.276 million block trading deal on the shares of Emerald Development & Projects Management. The transaction was implemented on 212.5 million of the company's shares, according to …
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30 November 03:10 PM No cases of Omicron variant detected in Egypt – Official
Cairo – Mubasher: Egypt has not registered any cases of the Omicron variant until the current times, Acting Minister of Health, Khaled Abdel Ghaffar, who is the Minister of Higher Education and Scientific Research, stated on Tuesday. Abdel Ghaffar …
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30 November 02:17 PM Egyptians for Housing and Development sees EGP 125m block deal
Cairo – Mubasher: The Egyptian Exchange (EGX) has announced an EGP 124.695 million trading block deal on the shares of Egyptians for Housing and Development Company. The deal was implemented on 316.486 million of the company's shares, according to …
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30 November 02:00 PM HD Bank’s consolidated net profits down 4.5% in 9M
Cairo – Mubasher: The initial financial results of the Housing and Development Bank (HD Bank) showed a 4.5% decrease in net profits after tax at EGP 1.58 billion during the first nine months (9M) of 2021 from EGP 1.65 billion in 9M-20. Earnings …
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30 November 01:51 PM Sinai Cement logs 24% lower losses in 9M
Cairo – Mubasher: Sinai Cement incurred consolidated net losses after tax of EGP 323.28 million in the first nine months (9M) of 2021, down 23.9% from EGP 424.98 million in the same period of 2020. The company's revenues increased to EGP 984.76 …
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30 November 01:17 PM Minapharm sees 75% higher consolidated profits in 9M
Cairo – Mubasher: Minapharm Pharmaceuticals' consolidated net profits jumped by 75.1% to EGP 352.36 million in the first nine months (9M) of 2021, compared to EGP 201.13  million in the year-ago period. The company generated revenues of EGP 2.2 …
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30 November 12:24 PM Ajwa Egypt turns to losses in 9M
Cairo – Mubasher: Ajwa Group for Food Industries - Egypt has achieved consolidated net losses of EGP 3.44 million in the first nine months (9M) of 2021, against net profits of EGP 21.76 million in the year-ago period, including the …
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29 November 04:36 PM EGX’s main index continues to fall on Monday
Cairo – Mubasher: The main index (EGX30) of the Egyptian Exchange (EGX) closed Monday down by 0.58% at 11,212.3 points, after falling to 11,277.83 points on Sunday. The small- and mid-cap EGX70 EWI meanwhile went up 2.09% to 2,101.18 points, after …
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29 November 03:48 PM Egypt imports $61bn goods in 9M; Chinese products top list
Cairo – Mubasher: Egypt has imported goods and products at a total value of $61 billion during the first nine months (9M) of 2021, an increase of 16% from $52.4 billion in the same period last year. China came on top of the countries Egypt has …