Tawasul
Mubasher TV
Contact Us Advertising   العربية

North africa news

Photo Archive
24 minutes ago Shareholder ups stake in Speed Medical for EGP 3.5m
Cairo – Mubasher: Shareholder Sadek Ahmed Sadek ElSewedy has increased his stake in Speed Medical Company (SPMD) to 5.20% from 4.49% for a total value of EGP 3.50 million. The shareholder purchased 7.85 million shares at an average share price of …
Photo Archive
49 minutes ago Shareholder buys over 265K shares in Arab for Development
Cairo – Mubasher: Shareholder Omar Abdel Aziz Attia Baraka has increased his ownership in Arab for Development and Real Estate Investment (ADRI) to 10.09% from 9.64% for a value totalling EGP 408,437. The shareholder bought 265,188 shares in Arab …
Photo Archive
1 hour ago Urbnlanes plans to raise investments in Egypt to EGP 24bn
Cairo – Mubasher: Urbnlanes Development, a subsidiary of Emeel Abdalla Investments, plans to increase its investments in Egypt to EGP 24 billion during 2023. So far, Urbnlanes’ investments in Egypt amount to EGP 11 billion distributed on 3 …
Photo Archive
2 hours ago Egypt’s int’l reserves grow in November
Cairo – Mubasher: Egypt’s net international reserves reached $33.53 billion at the end of November 2022, compared to $33.41 billion in October 2022, the Middle East News Agency (MENA) cited the Central Bank of Egypt (CBE). This represents an …
Photo Gallery
2 hours ago Morni invests $10m in Egypt to acquire mobility startups
Cairo – Mubasher: Saudi Arabia-based mobility solutions platform Morni is planning to invest $10 million to target new acquisitions in Egypt in the mobility space through Exists.me, an acquisition and mergers (M&A) advisory firm.  The new buy-side …
Photo Gallery
6 December 05:33 PM Fintactics launches new ventures, enters partnerships during Saudi Arabia’s World Fintech Show
Riyadh – Mubasher: The World Fintech Show has witnessed the launch of new ventures Holoul and Leza'am by Fintactics, which also signed partnership agreements with Aion Digital and Bitfy Holdings. The event, which kicked off on 5 December in …
Photo Archive
6 December 04:59 PM IMF to discuss Egypt’s $3bn loan deal next week
Cairo – Mubasher: The executive board of the International Monetary Fund (IMF) has scheduled a meeting on Egypt on 16 December 2022 as the Arab world’s most populous nation awaits final approval for a $3 billion loan deal. On 5 December, the …
Photo Archive
6 December 04:36 PM Seedstars to develop VC managers in emerging markets
Mubasher: Switzerland-based Seedstars has launched its investment arm Seedstars Capital for emerging venture capital (VC) fund managers across the Middle East and other emerging markets with the support of xMultiplied, a Swiss-based investment …
Photo Archive
6 December 04:05 PM Egypt’s stock market closes Tuesday’s session in green
Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) closed Tuesday’s trading session with a positive performance. The EGX30 main index rose by 1.19% to 14,498.29 points. Likewise, the EGX50 EWI grew by 1.24% to 2,453.24 points. Moreover, …
Photo Gallery
6 December 03:29 PM OneOrder raises $3m seed round; total investment tops $10m
Cairo – Mubasher: Egypt-based B2B marketplace connecting restaurants to suppliers, OneOrder, announced closing a $3 million seed round led by Nclude as well as returning investor A15. This brings the company’s total investment to $10.50 million. …
Photo Archive
6 December 03:10 PM Al Ahly Capital plans to exit 3 EGX-listed firms
Cairo – Mubasher: Karim Saada, CEO and Managing Director of Al Ahly Capital Holding Company, stated that the firm intends to sell its entire shares in three companies listed on the Egyptian Exchange (EGX). Saada noted that Al Ahly Capital, the …
Photo Archive
6 December 02:45 PM ESIIC receives int'l offers to build ethanol factory with EGP 1.5bn investments
Cairo – Mubasher: Chairman of the Egyptian Sugar and Integrated Industries Company (ESIIC), Essam El-Bedeiwy, said his company received three international offers to establish an ethanol or absolute alcohol (99.99%) extraction factory from …
Photo Archive
6 December 02:03 PM ESIIC to build 3 factories with EGP 480m investments
Cairo – Mubasher: The Egyptian Sugar and Integrated Industries Company (ESIIC) plans to establish 3 fertiliser production factories with up to EGP 480 million investments, the Middle East News Agency (MENA) reported on Tuesday. The statement was …
Photo Archive
6 December 12:54 PM Saudi Arabia cuts January oil prices to Asia to 10-month low
Riyadh – Mubasher: Saudi Arabia cut the January 2023 official selling price (OSP) for its flagship Arab Light crude for Asian buyers to a 10-month low, on concerns over a drop in demand and a potential increase in Russian competition. The Saudi …
Photo Archive
6 December 12:22 PM EG Bank’s board approves FY23 estimated budget
Cairo – Mubasher: The board of directors of Egyptian Gulf Bank (EG Bank) has approved the bank's estimated budget for fiscal year (FY) 2023 during a meeting on Monday, 5 December. The bank’s profits are expected to grow by more than 15% on an …
Photo Archive
6 December 11:59 AM Shareholder exits from Speed Medical for over EGP 28m
Cairo – Mubasher: Shareholder Sherif Alaa Ahmed El-Zayat has sold his entire 6.01% stake in Speed Medical Company (SPMD) for a total value of EGP 28.86 million. El-Zayat sold 66.65 million shares at an average price of EGP 0.43 per share, …
Photo Archive
6 December 11:28 AM Egypt, Poland trade exchange hits EUR 700K last year
Cairo – Mubasher: The volume of trade exchange between Egypt and Poland reached EUR 700,000 in 2021, Ahram Gate reported. In a press conference on the margin of the Food Africa 2022 Conference, Poland’s Ambassador to Egypt, Michał Łabenda, said …
Photo Gallery
6 December 10:44 AM The Land Developers targets EGP 500m investment in Red Sea project
By: Abdullah Bedair Cairo - Mubasher: The Land Developers (TLD) plans to invest EGP 500 million in a residential project in Red Sea Governorate’s Sahl Hasheesh. The project spans 10.70 feddans (45,000 square metres) and includes 85 villas and 60 …
Photo Gallery
6 December 10:11 AM Banque Misr, CIB provide EGP 6.35bn financing to Benya
Cairo – Mubasher: Banque Misr and Commercial International Bank (CIB) have arranged and granted joint financing worth EGP 6.35 billion to Benya Group. The funding will be used in financing projects awarded to Benya covering the technological …
Photo Archive
6 December 09:40 AM Port Said collects EGP 3.2bn customs, taxes in November
Cairo – Mubasher: The customs authority of Port Said collected EGP 3.21 billion in taxes, customs duties, and other charges in November 2022. The total value of taxes and customs duties collected for imported goods at the port hit EGP 561.26 …
Issam Abu Sulaiman, Regional Director for the GCC countries at the World Bank
5 December 05:38 PM Mobile apps see over $2.7 daily transactions – World Bank’s Abu Sulaiman
Riyadh – Mubasher: Issam Abu Sulaiman, Regional Director for the GCC countries at the World Bank, stated that transactions worth more than $2.70 billion are being traded on a daily basis through mobile applications. Abu Sulaiman highlighted that …
Photo Archive
5 December 04:32 PM Alinma Investment reduces stake in El-Ebour for Real Estate
Cairo - Mubasher: Alinma Investment Co has cut its stake in El-Ebour Co. for Real Estate Investment to 9.30% from 10.27% for a total value of EGP 1.59 million. Alinma has sold 169,599 shares in El-Ebour Real Estate at a share price averaging EGP …
Photo Archive
5 December 04:14 PM Egypt’s stock market closes Monday’s session mixed
Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) closed Monday’s trading session with a mixed performance. The EGX30 main index increased by 1.77% to 14,327.77 points. Likewise, the EGX50 EWI added 0.60% to close at 2,423.13 points. On …
Photo Gallery
5 December 04:07 PM World Fintech Show kicks off in Saudi Arabia
Riyadh – Mubasher: The World Fintech Show has launched today, 5 December, in Saudi Arabia’s capital Riyadh at InterContinental Riyadh.   The event aims to connect the world’s fintech innovators with enterprises, investors, policymakers, startups, …
Photo Gallery
5 December 03:54 PM Schneider Electric to distribute products online via DATCO’s digital platform
Cairo - Mubasher: Global leader in the digitalisation of industrial automation and energy management, Schneider Electric, has signed a partnership contract with the Industrial Services Center (DATCO) to distribute its products. The new partnership …