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23 June 2025 07:36 AM Paragon Developments launches office in Riyadh to expand regional footprint across MENA
Cairo – Mubasher: Paragon Developments, Egypt’s leading regenerative mixed-use developer, has inaugurated its first regional office in Saudi Arabia, according to a press release. Located in Riyadh, the development scheme aligns with the company’s …
Companies Investments
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22 June 2025 08:34 PM Burjeel Holdings’ Alkalma launches regional mental health platform
Abu Dhabi – Mubasher: Burjeel Holdings has launched four specialist mental health centers under its mental health and wellbeing platform, Alkalma, through the integration of Aspris Healthcare facilities. The centers are located in Dubai’s City …
Global Economy
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22 June 2025 06:50 PM UK-based Axia Media expands global footprint via Dubai office
UAE – Mubasher: Axia Media Group, a UK-based provider of financial and business services, has inaugurated a new office in Dubai to enhance its presence in the Middle East. The launch aligns with the company’s strategy to support its growing client …
Global Economy
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22 June 2025 04:49 PM Amazon to acquire direct stake in Valu following deal with EFG Holding
Cairo – Mubasher:  Amazon has agreed to exercise its option to acquire a direct equity stake in U Consumer Finance (Valu), a subsidiary of EFG Holding Company, according to a press release. Based on an option agreement with EFG Holding in May …
Companies Investments
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22 June 2025 00:02 PM Beltone Leasing secures $20m for MSMEs, green financing in MENA
Cairo - Mubasher: Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, obtained a total of $20 million in funding from two investment funds managed by Germany-based Finance in Motion GmbH. Each of the SANAD Fund for MSME …
Banking and Finance
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22 June 2025 11:04 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 …
Banking and Finance
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22 June 2025 08:19 AM CBE unveils EGP 90bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth EGP 90 billion through two issues on Sunday, 22 June, according to official data. The first tranche stood at EGP 45 billion, carrying a 91-day maturity period …
Central Banks
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22 June 2025 07:50 AM FAB becomes MENA’s 1st lender to join CIPS as direct participant
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has become the first lender in the MENA region to join the cross-border Interbank Payment System (CIPS) as a direct participant (DP), according to a press release. FAB’s direct participation in …
Banking and Finance
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22 June 2025 07:21 AM Contact reports 306% higher consolidated net income in Q1-25
Cairo - Mubasher: Contact Financial Holding achieved consolidated net income worth EGP 59 million in the first quarter (Q1) of 2025, marking an annual leap of 306% from EGP 14 million. Meanwhile, the insurance revenues hiked by 73% year-on-year …
Banking and Finance
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19 June 2025 10:19 PM CI Capital’s arm launches Egypt’s 1st sustainable equity fund
Cairo – Mubasher: CI Capital Asset Management (CIAM), a subsidiary of CI Capital Holding for Financial Investments, has launched the country’s first open-ended sustainable equity fund, according to a press release. The Misr Green – Sustainability …
Banking and Finance
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19 June 2025 09:13 PM Egyptians for Investment approves EGP 15m capital increase
Cairo - Mubasher: The Egyptians for Investment and Urban Development Company’s board agreed, on 18 June, to increase the issued and paid-up capital to EGP 165 million from EGP 150 million. The EGX-listed firm will distribute 15 million bonus …
Corporate Actions
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19 June 2025 05:09 PM Bank NXT fosters Egypt’s digital services via partnership with UiPath, BMB Egypt
Cairo – Mubasher: Bank NXT has joined forces with UiPath and BMB Egypt to accelerate digital transformation, according to a press release. The partnership aims to implement UiPath’s platform to boost automation, enhance operational efficiency, and …
Companies Investments
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19 June 2025 04:32 PM Taaleem acquires GCC-focused KFG to expand network
Dubai – Mubasher: Taaleem Holdings has signed a sale and purchase agreement to acquire 95% shareholding in Kids First Group Limited (KFG), an early-learning premium education provider in the GCC. The acquisition is expected to boost Taaleem’s …
Mergers and Acquisitions
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19 June 2025 03:26 PM PIF launches ERC to support Expo 2030 Riyadh
Riyadh – Mubasher: Saudi Public Investment Fund (PIF) has launched Expo 2030 Riyadh Company (ERC) to build and operate the facilities of Saudi Arabia’s first World Expo, according to a press release. Spanning 6 million square meters, Expo 2030 …
Macroeconomics
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19 June 2025 01:30 PM Swypex launches Egypt’s 1st approval-based business card to boost financial inclusion
Cairo - Mubasher: Swypex, Egypt’s all-in-one financial management platform, has launched the nation’s first approval-based limits card to revolutionize corporate spending control, according to a press release. The card offers dynamic spend limits …
Companies Investments
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19 June 2025 09:53 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 …
Companies Investments
GTN
19 June 2025 07:59 AM GTN appoints Jon Lester as Chief Operating Officer for Middle East amidst regional growth
Mubasher: GTN, a global fintech redefining investing and trading for all, is pleased to announce the appointment of Jon Lester as the new Chief Operating Officer (COO) for the Middle East. Jon's appointment is particularly timely and underscores …
Global Economy
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19 June 2025 07:51 AM CBE unveils EGP 80bn T-bills end-week
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 80 billion through two offerings on Thursday, 19 June. The first tranche stood at EGP 40 billion, holding a tenor of 182 days until 23 …
Treasury Bills
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19 June 2025 06:53 AM Dubai International Chamber inaugurates 1st representative office in North America
UAE – Mubasher: Dubai International Chamber has officially launched a new representative office in Toronto, exploring avenues to foster bilateral trade and investments between Dubai and Canada. Being the first representative office in North …
Global Economy
Mohy Aboualam, Co-Founder and CEO of TheDar.AI
18 June 2025 09:06 PM Darwinz AI drives regional growth via seed funding round
Riyadh - Mubasher: Darwinz AI (TheDar.AI), a Saudi-Egyptian company behind the AI Copilot platform dima, has raised $325,000 in a seed funding round, led by Flat6Labs KSA and Glint Ventures. Founded in Egypt in 2021 by Emad Elazhary and Mohy …
Global Economy
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18 June 2025 07:52 PM EFG Hermes KSA scales offerings via SBL services launch
Cairo – Mubasher: EFG Hermes KSA, an EFG Holding Company, is scaling its offerings to include Securities Borrowing and Lending (SBL) services, scheduled to launch in the third quarter (Q3) of 2025. The new solutions will provide institutional …
Companies Investments
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18 June 2025 05:13 PM UAE’s Prop-AI raises $1.5m in pre-seed funding to expand in MENA
UAE – Mubahser: Dubai-headquartered proptech Prop-AI has closed a $1.50 million pre-seed funding round, led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and angel investors from Saudi Arabia and Bahrain. Prop-AI will use …
Companies Investments
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18 June 2025 01:07 PM Octa fuels regional expansion plans via $20m credit facility from SFDF
UAE – Mubahser: Octa has raised $20 million in a credit facility from Sukna Fund for Direct Financing (SFDF) to embed short-term working capital financing directly into its platform, according to a press release. The UAE-based fintech platform …
Companies Investments
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18 June 2025 11:59 AM Egypt signs 6 green investments deals with development partners, private sector
Cairo - Mubasher: Egypt penned six agreements and cooperation protocols with development partners, business associations, and private sector representatives. The key deals were signed during the ‘Development Finance to Foster Private Sector-Led …
Companies Investments
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18 June 2025 11:41 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 …
Global Economy