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13 December 10:53 PM Oil futures end 89 cents higher on Friday
​​​​​​​Mubasher: Oil futures went up at Friday’s settlement, rising 1.5% for the week, as US President Donald Trump announced reaching a trade agreement with China.
13 December 10:45 PM Gold levels up $9 at Friday’s end, records weekly gain
Mubasher: Gold prices grew at Friday’s settlement, rising 1.1% for the week.
13 December 07:47 PM US, China agree to stop drums of trade war
Mubasher: The US and China have agreed on an initial trade deal that will reduce tariffs between the two countries.
13 December 05:12 PM Global Thermal Paper Market to reach $5.5bn by 2025
Mubasher: The Global Thermal Paper Market’s value is expected to achieve a compound annual growth rate of 8.2% to reach $5.5 billion by 2025.
13 December 03:20 PM Chinese education market to produce $572bn in 4 years
Mubasher: Education market in China is expected to generate $572.51 billion by the end of 2023, expanding at a compound annual growth rate of 11.3%.
13 December 02:41 PM World’s rare earths market to hit $5.62bn in 5 years
Mubasher: World's rare earth materials market is projected to reach $5.62 billion by 2025, according to a business data platform.
13 December 12:21 PM Telenor chooses Ericsson to build Norway’s 5G network
Mubasher: Norway’s state-controlled Telenor chose Sweden’s network equipment giant Ericsson as the main provider for its fifth-generation network, the telecoms company said on Friday.
Domestic consumption fell to 31 million tonnes
13 December 11:14 AM Egypt’s petroleum consumption declines 8m tonnes in 4 years
Cairo – Mubasher: Egypt’s domestic petroleum consumption has declined in four years, as a result of the implementation of reforms to the pricing structure of petroleum products, according to petroleum minister Tarek El Molla. Domestic consumption …
Kuwait crude oil settled at $65.60 per barrel
13 December 10:41 AM Kuwaiti oil barrels end Thursday at $65.60 pb–KPC
Mubasher: Kuwait crude oil edged up by $0.26, settling at $65.60 per barrel (pb) on Thursday, Kuwait News Agency (KUNA) said on Friday, citing the Kuwait Petroleum Corporation (KPC). This came after Kuwaiti barrels recorded $65.34 pb in the prior …
Benban's solar power plants have a1,465-mega-watt total capacity
13 December 10:30 AM Investments in Egypt’s Benban solar park total $2.2bn
Cairo – Mubasher: Egypt’s Benban solar park, one of the world’s largest photovoltaic (PV) power station, electricity and renewable energy minister said. The project was executed in cooperation with 32 investors, who contributed $2.2 billion, …
12 December 06:45 PM GlobalData: 2020 to become the year of instant payments   
While the payments trend focused on technologies like artificial intelligence (AI), the instant bank-to-bank payments systems will lead the payments transformative technology in 2020.
Top-tier officials singing the agreement on Thursday
12 December 04:56 PM Egypt inks EUR 1.016bn funding deal for 1,300 train cars
Cairo – Mubasher: The Egyptian National Railways (ENR) concluded a EUR 1.016 billion agreement with the Hungarian Export-Import Bank Plc. (Eximbank) and State Specialized Russian Export- Import Bank.  The deal covers the import and manufacture of …
ArabNet Riyadh provided a meeting point for startups with investors, incubators and VCs
12 December 04:31 PM Saudi Arabia asserts role as MENA digital hub during ArabNet Riyadh
Riyadh – Mubasher: ArabNet Riyadh 2019 concluded on Wednesday with great success, providing an interactive platform for engagement between local and international experts and participants, with a special focus dedicated to tech startups. The 8th …
Egypt's retail loan portfolio reached EGP 86.3 billion
12 December 04:10 PM NBE targets further EGP 38bn SME funding by end FY19/20 – Interview
By: Islam Fadl Cairo – Mubasher: Funding small- and medium-sized enterprises (SMEs) is one of the top priorities of the National Bank of Egypt (NBE) in the current period. The state-run bank aims to raise its SME funding portfolio to EGP 100 …
Al Ezz Dekheila Steel – Alexandria has purchased 89.8 million shares
12 December 02:22 PM EGX executes MTO on Al Ezz Rolling Mills
Cairo – Mubasher: The mandatory tender offer (MTO) for Al Ezz Rolling Mills (ERM), owned by Ezz Steel, was executed on the Egyptian Exchange (EGX). Al Ezz Dekheila Steel – Alexandria has purchased 89.8 million shares, including 100,000 shares …
The investment cost of building Salam City is estimated at EGP 68 billion
12 December 01:52 PM Sisi allocates land for New Port Said City
Cairo – Mubasher: The Egyptian President Abdel Fattah El-Sisi has issued a presidential decree no 589 of 2019 to reallocate a land plot covering an area of 22,153 feddans (93.06 million square metres) in Port Said and North Sinai to the New Urban …
The projects include four water and seven wastewater facilities
12 December 01:38 PM Egypt sets up EGP 823m water, wastewater projects in Ismailia
Cairo – Mubasher: The Egyptian Ministry of Housing is currently establishing eleven water and wastewater projects in Ismailia at a combined cost of EGP 823 million. Scheduled for completion in September 2020, the projects are expected to serve …
Mohamed ElKasstawi as a speaker during RiseUp Summit 2019
12 December 01:31 PM ElKasstawi: Stock markets, gov’t can boost performance via digital money – Interview
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Blockchain is increasingly carving out space within the investment and banking sectors, with cryptocurrencies, tokens, and fiat currencies expected to reshape the future of financing as many countries …
An ESCRIBANO delegation will visit Egyptian military production firms
12 December 01:25 PM NOMP signs MoU with 2 defence manufacturers
Cairo – Mubasher: Egypt’s National Organization for Military Production (NOMP), IMUT and Spain’s ESCRIBANO signed a memorandum of understanding (MoU) to cooperate in the fields of military manufacturing and defence system development. Under the …
12 December 12:50 PM KKR completes acquisition of 70% stake in NVC China
The investment was made from KKR’s Asian Fund III
The deadline for receiving offers is 12 January 2020
12 December 12:05 PM Egypt offers 147 industrial units in Benha
Cairo – Mubasher: The Egyptian Ministry of Investment and International Cooperation announced offering fully-finished 147 industrial units in the investment zone in Benha.  Units will be offered in collaboration with the Micro, Small and Medium …
Tribal Credit recently closed a $5.5 million Seed round
12 December 12:04 PM How startups benefit from blockchain at Tribal Credit – Interview with Mohamed ElKasstawi
By: Ingy ElSafy & Moslem Ali Cairo – Mubasher: Startups nowadays should look for new ways to boost their business, and one of these ways is using blockchain technologies and digital money. The US-based Tribal Credit, headquartered in Silicon …
12 December 12:03 PM Biocorp, Sanofi inks insulin delivery tech deal
Mubasher: France’s Biocorp inked a partnership agreement with pharmaceutical giant Sanofi for the use of the medical device maker’s connected device for insulin pens, Mallya.
Kuwait crude oil closed at $65.34 per barrel
12 December 11:21 AM Kuwait oil declines to $65.34 pb on Wednesday–KPC
Mubasher: Kuwait crude oil inched down by $0.13, to close at $65.34 per barrel (pb) on Wednesday, compared with $64.47 pb in Tuesday’s settlement, the Kuwait Petroleum Corporation (KPC) said. Outside Kuwait, oil prices fell worldwide, after the US …
The issuance will be used to finance the country’s budget deficit
12 December 11:20 AM CBE issues EGP 18.75bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18.75 billion on Thursday on behalf of the Ministry of Finance. The first tranche of the T-bills amounts to EGP 9.25 billion and will be offered …