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12 October 05:21 AM

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29 September 02:32 PM Madinet Masr fuels expansion plans via $5m investments
Cairo – Mubasher: Madinet Masr Housing and Development announced plans to establish real estate development projects outside Egypt, according to a bourse disclosure. The group’s board approved injecting investments of nearly $5 million to boost …
Real estate
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28 September 07:33 PM AMOC unveils EGP 1bn cash dividends for FY24/25
Cairo - Mubasher: The shareholders of Alexandria Mineral Oils Company (AMOC) have approved EGP 1.03 billion cash dividends for the fiscal year (FY) 2024/25. Under its 21st coupon, AMOC will distribute a dividend of EGP 0.80 per share, according to …
General Assembly
Najib Khan, Group Chief Business Services Officer at Ooredoo and Ahmed Al Mannai, CEO of Innovatix Systems
28 September 07:18 PM Ooredoo promotes cybersecurity services in MENA to boost global footprint
Mubasher: National Mobile Telecommunications Company (Ooredoo), in partnership with Innovatix Systems, has launched advanced cybersecurity services to protect customers’ digital assets and ensure uninterrupted digital experiences. Live in Qatar, …
Companies Investments
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28 September 05:35 PM CIB’s shareholders approve EGP 3bn capital increase
Cairo - Mubasher: The shareholders of Commercial International Bank Egypt (CIB) have approved increasing the bank’s issued and paid-in capital to EGP 33.77 billion from EGP 30.70 billion. The EGP 3.07 billion hike will be executed through the …
Banking and Finance
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25 September 04:02 PM Taaleem Holdings secures AED 968m financing to support GCC expansion
Dubai - Mubasher: Taaleem Holdings has signed two strategic financing agreements with Emirates Islamic totaling AED 968 million to support its growth and expansion plans. The first agreement, valued at AED 730 million, will fund Taaleem Holdings' …
Banking and Finance
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25 September 06:43 AM Space42 to launch UAE’s 1st sovereign mobility cloud
Dubai - Mubasher: Space42 is developing the UAE’s first Sovereign Mobility Cloud, powered by Core42’s Public Cloud on Microsoft Azure. The platform will speed up autonomous mobility deployment while keeping data secure and UAE-compliant, according …
Companies Investments
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24 September 06:12 PM EFG Hermes finalizes EGP 1bn debt advisory for Nawy Now
Cairo – Mubasher: EFG Hermes, a unit of EFG Holding, has successfully concluded its role as the sole financial advisor for Nawy Now, the mortgage arm of leading proptech company Nawy, according to a press release. Its Investment Banking division …
Companies Investments
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24 September 05:52 PM Catalyst Partners’ board approves capital hike to EGP 3bn
Cairo - Mubasher: The board of Catalyst Partners Middle East has approved a capital increase to EGP 3.01 billion from EGP 235 million. The EGP 2.78 billion hike is represented by 278.40 million shares at a nominal value of EGP 10 per share, …
Board of Directors
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24 September 05:39 PM e7 Group, 7I Holding to scale sovereign technology solutions globally
Abu Dhabi - Mubasher: e7 Group has entered into a strategic partnership with 7I Holding, the regional affiliate of Swiss-based SICPA, to expand global reach in secure and sovereign solutions. The collaboration aims to develop and promote sovereign …
Global Economy
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24 September 12:40 PM Presight, Shorooq launch $100m global AI innovation fund
Abu Dhabi - Mubasher: Presight AI Holding and Shorooq Partners have launched a $100 million global AI innovation fund to back next-generation artificial intelligence ventures worldwide. The joint fund will focus on startups in fintech, energy, and …
Companies Investments
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24 September 07:22 AM SNB rolls out new SME financing platform via partnership with Tarabut, Geidea
Riyadh - Mubasher: Saudi National Bank (SNB) partnered with Tarabut and Geidea to launch a first-of-its-kind point-of-sale (POS) lending solution for small and medium enterprises (SMEs). Powered by Tarabut and delivered through Geidea, the …
Banking and Finance
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27 August 02:00 AM Orascom Construction’s consolidated backlog hits $9.6bn in H1-25, backed by regional operations
Cairo – Mubasher: Orascom Construction logged a consolidated backlog of $9.60 billion in the first half (H1) of 2025, according to the financial results.Earnings before interest, taxes, depreciation, and amortization (EBITDA) hit $139.40 million at t
Real estate
Emaar generates 34% higher net profit before tax in H1-25
6 August 02:00 AM Emaar generates 34% higher net profit before tax in H1-25; property sales hit AED 46bn, Egypt boosts int'l operations
Dubai – Mubasher: Emaar Properties achieved a net profit before tax worth AED 10.40 billion ($2.80 billion) in the first half (H1) of 2025, recording a growth of 34% compared to H1-24, according to a press release.In terms of sales growth, the UAE re
Global Economy
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28 July 02:00 AM Orascom Construction’s board greenlights transferring primary listing to ADX
Cairo – Mubasher: The board members of Orascom Construction approved transferring its primary share listing to the Abu Dhabi Securities Exchange (ADX) while maintaining its secondary listing on the Egyptian Exchange (EGX).Subject to the approval of t
Board of Directors
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26 June 02:00 AM EFG Hermes leads Specialized Medical Company’s debut on Tadawul
Mubasher: EFG Hermes, an EFG Holding Company, closed its advisory on the $500 million initial public offering (IPO) of Specialized Medical Company (SMC), marking its third IPO in the healthcare sector over the past 12 months.The company began trading
Delistings
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15 June 03:21 PM Madinet Masr, Waheej mull developing JV in Saudi Arabia
Cairo – Mubasher: Madinet Masr Housing and Development penned a memorandum of understanding (MoU) with Waheej for Real Estate to expand its presence in the Saudi real estate market. Madinet Masr and the licensed Saudi real estate developer will …
Companies Investments
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15 June 10:17 AM AD Ports, Bahrain’s ASRY join forces to support maritime sector in GCC
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) inked three heads of terms (HoTs) with Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY)for strategic maritime and ports projects. The two parties seek to set up a joint venture …
Global Economy
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15 June 05:47 AM IHC launches ADGM-based RIQ to redefine global reinsurance landscape
Abu Dhabi – Mubasher: International Holding Company (IHC) has launched Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in Abu Dhabi Global Market (ADGM). The new brand supports the objectives of IHC, …
Companies Investments
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12 June 04:32 AM UAE-based Nas hikes stake in Egyfert for nearly EGP 187m
Cairo – Mubasher: UAE-based Nas Investment Holding raised its equity ownership in Samad Misr (Egyfert) to 51.47% from 32.39%, according to a bourse filing. Nas purchased 1.83 million shares in the EGX-listed firm at a total value of EGP 186.77 …
Mergers and Acquisitions
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11 June 03:26 PM Cleopatra Hospitals Group obtains regulatory nod for capital reduction
Cairo – Mubasher: Cleopatra Hospitals Group obtained the Financial Regulatory Authority’s (FRA) approval to reduce its capital to EGP 721.89 million from EGP 722.71 million. The group will cut its issued capital by EGP 824,288 through cancelling …
Management Decisions
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11 June 10:51 AM TMG Holding eyes EGP 120bn sales from Sharm Bay project
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) aims to generate total sales of EGP 120 billion from the Sharm Bay project over its lifespan, according to a bourse disclosure. Located near the group-owned Four Seasons Resort …
Companies Investments
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10 June 11:48 AM Spinalex shifts to net losses in 9M-24/25
Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) turned to net losses after tax amounting to EGP 13.59 million in the first nine months (9M) of fiscal year (FY) 2024/25, versus net profits of EGP 103.23 million a year earlier. …
Financial Results
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9 June 12:18 PM Aldar to launch region’s 1st King’s College School Wimbledon in Abu Dhabi
Abu Dhabi – Mubasher: Aldar Properties joined forces with King’s College School Wimbledon to establish its first regional campus on Abu Dhabi’s Fahid Island, according to a press release. After securing regulatory approvals, the new K-12 …
Companies Investments
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8 June 08:58 AM Multiply Group supports global expansion plans via MMG
Abu Dhabi – Mubasher: Multiply Group has launched Multiply Media Group (MMG) to fuel its global expansion plans, according to a recent press release. The ADX-listed group united the three market-leading out-of-home (OOH) companies under its …
Companies Investments