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07 April 08:33 AM

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9 April 2025 09:31 AM ADES Holding extends SAR 673.5m offshore jackup deals in Egypt
Riyadh – Mubasher: ADES Holding Company received notifications of extension for three of its offshore jackup rigs operating in Egypt, with a total estimated backlog value of SAR 673.50 million ($179.60 million). The extensions cover three …
Companies Investments
8 April 2025 09:53 PM Tariffs might stir inflation fears in US, offer industry gains
Goods and Metals
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8 April 2025 08:08 PM Top MENA PMIs for March 2025 – Recap
Mubasher: The Purchasing Managers’ Index (PMI) data for the UAE and Saudi Arabia indicated the above the neutral 50 level in March 2025, while Egypt reflected a decline compared to February data, according to a report by Emirates NBD Research. The …
Global Economy
8 April 2025 07:14 PM Trump tariffs affect home insurance premiums through rising costs –GlobalData
Global Reports
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8 April 2025 04:02 PM MENA-focused SRMG launches venture SRMG Media Solutions
Riyadh – Mubasher: Saudi Research and Media Group (SRMG) has launched SRMG Media Solutions (SMS), a next-generation, data-driven media solutions company. The newly launched venture is designed to deliver innovative and results-focused advertising …
Global Economy
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8 April 2025 01:15 PM Edita to pay EGP 800m dividends for 2024
Cairo – Mubasher: The ordinary general meeting (OGM) of Edita Food Industries approved cash dividends of EGP 800.10 million for 2024. Edita will pay out a dividend of EGP 1.14 per share over two installments, according to a bourse filing. The …
Cash Dividends
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8 April 2025 00:54 PM Capgemini to develop AI hub in Egypt
Cairo – Mubasher: Capgemini rolled out plans to establish an AI Center of Excellence (CoE) in Egypt to accelerate the generative and agentic AI transformation journeys of clients worldwide. Capgemini will invest in research and development, enter …
Companies Investments
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8 April 2025 10:29 AM Mastercard, PayTabs team up to empower SMEs sector in Egypt
Cairo – Mubasher: Mastercard collaborated with PayTabs Group to facilitate digital payment solutions for small and medium enterprises (SMEs) in Egypt, according to a press release. PayTabs will utilize Mastercard’s global network and digital …
Companies Investments
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8 April 2025 09:37 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to 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 …
Mutual Funds
Sham Treon, Chief Risk Officer for Middle East at GTN
8 April 2025 07:00 AM GTN bolsters risk management in Middle East with key hire of Sham Treon as new CRO
Mubasher: GTN, a global fintech redefining investing and trading for all, is pleased to announce the appointment of Sham Treon as Chief Risk Officer for the Middle East. Taking the helm as GTN’s first Chief Risk Officer in the Middle East, Sham …
Corporate Actions
7 April 2025 08:40 PM Tariffs should have modest impact on MENAT region – Report
Goods and Metals
7 April 2025 06:22 PM Stournaras says Trump’s tariffs could adversely impact Eurozone growth
Global Reports
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7 April 2025 03:45 PM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to 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 …
Global Economy
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7 April 2025 11:05 AM EFG Holding’s unit Bank NXT logs EGP 1.7bn profits in 2024
Cairo – Mubasher: Bank NXT, a subsidiary of EFG Holding, recorded 54% year-on-year (YoY) higher net profits at EGP 1.77 billion in 2024, according to the financial results. Net interest income hiked by 54% YoY to EGP 3.91 billion as of 31 December …
Banking and Finance
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7 April 2025 09:08 AM CBE offers T-bonds worth EGP 14bn on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered fixed treasury bonds (T-bonds) at a combined value of EGP 14 billion through two auctions on Monday, 7 April 2025. The first tranche stood at EGP 4 billion, holding a tenor of two years …
Bonds
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6 April 2025 05:40 PM Prices of investment funds including certificates in EGP, USD – Updated
Cairo – Mubasher: According to 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 …
Mutual Funds
Photo Archive
6 April 2025 04:52 PM ADES Holding enters Brazilian market via SAR 319m agreement
Riyadh – Mubasher: ADES Holding Company has entered a charter agreement for its premium jackup rig, Admarine 511, with Constellation Oil Services Holding to execute a contract for Petrobras in Brazil. This agreement marks the Saudi group’s entry …
Global Economy
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6 April 2025 00:18 PM Pioneers Properties generates higher consolidated profits at EGP 1.2bn in 2024
Cairo – Mubasher: Pioneers Properties for Urban Development achieved consolidated net profits after tax worth EGP 1.26 billion at the end of December 2024, up year-on-year (YoY) from EGP 556.97 million. Earnings per share (EPS) for the holding …
Financial Results
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6 April 2025 00:09 PM Gadwa’s consolidated profits exceed EGP 1.6bn in 2024
Cairo – Mubasher: Gadwa for Industrial Development reported an annual hike in consolidated net profit to EGP 1.62 billion as of 31 December 2024, compared to EGP 1.45 billion. Earnings per share (EPS) attributable to the holding company amounted …
Financial Results
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6 April 2025 10:48 AM B Investments Holding posts higher profits in 2024; dividends unveiled
Cairo – Mubasher: The consolidated net profits after tax of B Investments Holding hiked to EGP 1.65 billion in 2024 from EGP 693.76 million in 2023. Basic and diluted earnings per share (EPS) stood at EGP 7.46 last year, higher than EGP 3.17 in …
Financial Results
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6 April 2025 10:30 AM CBE offers EGP 70bn T-bills via 2 issues
Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 70 billion through two tranches on Sunday, 6 April. The first issue was valued at EGP 35 billion and will mature in 91 days on 8 July …
Banking and Finance
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6 April 2025 10:26 AM IHC-owned Maseera acquires Egypt’s ADVA to boost AI-powered financial inclusion
Abu Dhabi – Mubasher: Maseera Holding for Financial Investments, a portfolio company of International Holding Company’s (IHC) subsidiary 2PointZero, has acquired Egyptian consumer finance platform ADVA. The transaction enabled ADVA to become …
Companies Investments
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6 April 2025 10:22 AM Al Arabia, Multiply Group to derive global expansion in advertising sector
Mubasher: Arabian Contracting Services Company (Al Arabia) and Multiply Group's media vertical teamed up to create a joint venture (JV) to invest in the global out-of-home (OOH) advertising sector. The 90-day memorandum of understanding (MoU) will …
Companies Investments
4 April 2025 00:44 AM As US tariffs announced, EBA publishes new banks-related reports
Global Markets brief
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3 April 2025 10:42 PM Al Ansari Exchange closely monitoring global currency markets amid new US tariffs
Dubai – Mubasher: Al Ansari Exchange, the subsidiary of Al Ansari Financial Services, stated that it is closely monitoring global currency markets following the recent US tariff announcements by President Donald Trump, according to a press …
Trade