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22 May 04:49 PM

Egypt news

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24 April 2025 10:14 AM EBank to raise capital by EGP 3.7bn
Cairo – Mubasher: The board of Export Development Bank of Egypt (EBank) passed a capital hike to EGP 13.60 billion from EGP 9.89 billion, according to a bourse disclosure. The lender will increase its issued and paid-up capital by EGP 3.70 billion …
Corporate Actions
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23 April 2025 06:52 PM Global group Hilton pens 2 development deals in Egypt
Mubasher: Global hotels and resorts group Hilton signed two new properties in Cairo’s New Administrative Capital (NAC) in partnership with Panax Company, part of Selim Holding Group, according to a press release. Expected to open in 2028, Hilton …
Global Economy
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23 April 2025 06:13 PM PayPal expands in MEA with new Dubai office
UAE - Mubasher: PayPal launched a new regional hub in Dubai, which serves as the company’s first-ever location in the Middle East and Africa (MEA) region. The Dubai Internet City office anchors PayPal’s commitment to enabling millions more …
Global Economy
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23 April 2025 05:08 PM Intelcia opens regional office in Egypt
Cairo – Mubasher: Intelcia, a global leader in outsourcing services, has officially inaugurated its new regional headquarters in Egypt, according to a press release. Located in Ivory Business Park in Sheikh Zayed City, the new office is part of …
Companies Investments
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23 April 2025 00:02 PM 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 the funds …
Global Economy
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23 April 2025 09:57 AM Premium Healthcare unveils capital hike to EGP 2.3bn
Cairo – Mubasher: The ordinary general meeting (OGM) of Premium Healthcare Group approved increasing the issued and paid-up capital from EGP 81.48 million to EGP 2.36 billion. The group will raise its capital by EGP 2.28 billion, distributed over …
Management Decisions
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23 April 2025 09:30 AM Dubai-based startup Arabic.AI launches MENA’s 1st agentic AI platform
UAE – Mubasher: Tarjama’s Arabic.AI platform has launched MENA's first agentic AI platform specifically engineered for the Arabic language, according to a press release. Founded in the UAE in 2008 by Nour Al Hassan, Tarjama has been committed to …
Companies Investments
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22 April 2025 07:57 PM 7awi enhances regional presence via new appointment for Saudi Arabia
Mubasher: Dubai-based 7awi Media Group has named Amjad Fakhoury as the new Country Head for its operations in Saudi Arabia to lead the company’s strategic expansion, according to a press release. The new appointment of Fakhoury aims to drive …
Global Economy
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22 April 2025 04:47 PM Tanmeyah, Aman Holding to roll out new channels to enhance digital payments
Cairo – Mubasher: Aman Holding, the business line of Raya Holding for Financial Investments, and Tanmeyah, a unit of EFG Holding, signed a deal to offer new digital channels that allow customers to receive their financing and pay their …
Companies Investments
Mapei Group
22 April 2025 03:54 PM Italian group Mapei opens production facility in Egypt
Cairo – Mubasher: The Mapei Group for the production of chemical products for the building industry has strengthened its industrial presence in North Africa with the opening of a new production plant in Egypt. The new facility is located in the …
Global Economy
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22 April 2025 10:31 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 the funds …
Trading Activities
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21 April 2025 11:32 AM Egyptian Swiss Group to invest $10m to expand production
Cairo – Mubasher:  The Egyptian Swiss Group for Pasta, Milling, and Concentrates plans to invest $10 million in expansion projects to boost production capacity to meet rising demand locally and globally. Egypt’s Prime Minister Mostafa Madbouly …
Companies Investments
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20 April 2025 01:39 PM AfDB to support Egypt’s private sector via $300m
Cairo – Mubasher: The African Development Bank (AfDB) plans to inject direct investments worth $300 million into the private sector in Egypt during 2025, according to a press release. Rania El-Mashat, Minister of Planning, Economic Development and …
Companies Investments
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20 April 2025 11:10 AM CI Capital Holding to pay cash dividends worth EGP 700m for 2024
Cairo – Mubasher: The shareholders of CI Capital Holding for Financial Investments greenlighted cash dividends of EGP 700 million for 2024, according to a bourse disclosure. Under the general assembly’s approval on 16 April, the EGX-listed firm …
Cash Dividends
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17 April 2025 09:03 PM DPI acquires Egypt’s fintech fund Nclude
Cairo – Mubasher: UK-based VC firm Development Partners International (DPI) has acquired Nclude, an Egypt-based fintech fund by Global Ventures, according to a press release. Following the transaction, DPI took over the investment advisory …
Mergers and Acquisitions
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17 April 2025 07:58 PM ADQ, IHC, Modon boost infrastructure development globally via Gridora
Abu Dhabi - Mubasher: ADQ, International Holding Company (IHC), and Modon Holding entered into a joint venture (JV) to form a dedicated infrastructure platform, Gridora, according to a press release. Operating under Modon Holding, Gridora will …
Global Economy
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17 April 2025 11:48 AM CBE announces EGP 79bn debt instruments end-week
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at an aggregated value of EGP 75 billion through two auctions on Thursday, 17 April. The first auction stood at EGP 35 billion, carrying a maturity period until …
Banking and Finance
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17 April 2025 10:02 AM Kima targets EGP 1.3bn net profits in FY2025/26
Cairo – Mubasher: Egyptian Chemical Industries (Kima) targets achieving net profits of EGP 1.36 billion in fiscal year (FY) 2025/2026, according to a bourse disclosure.  Kima also plans to generate revenues of EGP 9.53 billion, compared to EGP …
Financial Results
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17 April 2025 09:57 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 the funds …
Global Economy
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16 April 2025 09:45 PM PayPal, TerraPay to expand cross-border payments across MEA
UAE - Mubasher: PayPal teamed up with TerraPay to enable real-time fund transfers for PayPal customers across the MEA region, according to a press release. This partnership aims to drive economic growth by making cross-border transactions faster, …
Global Economy
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16 April 2025 06:27 PM MTI records EGP 1bn consolidated profits in 2024; capital hike approved
Cairo – Mubasher: MM Group for Industry and International Trade (MTI) logged consolidated net profits valued at EGP 1.09 billion in 2024, compared with EGP 699.15 million in 2023. Net sales climbed to EGP 14.30 billion at the end of December 2024 …
Management Decisions
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16 April 2025 00:46 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 …
Companies Investments
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16 April 2025 11:37 AM CBE issues EGP 85bn debt instruments on Wednesday
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at a combined value of EGP 75 billion through two tranches on Wednesday, 16 April. The first issue was valued at EGP 35 billion, holding a tenor of 182 days until …
Companies Investments
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16 April 2025 09:49 AM Raya Holding’s consolidated profits hike in 2024; revenues cross EGP 45.1bn
Cairo – Mubasher: Raya Holding for Financial Investment logged consolidated profits after tax worth EGP 1.89 billion in 2024, up year-on-year (YoY) from EGP 563.88 million. The revenues hiked to EGP 45.11 billion at the end of December 2024 from …
Financial Results
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15 April 2025 05:55 PM UCIC announces IPO on Tadawul, regional expansion plans
Riyadh – Mubasher: United Carton Industries Company (UCIC) intends to proceed with its initial public offering (IPO) to trade 12 million shares on the Saudi Exchange (Tadawul). UCIC has appointed Al Rajhi Capital as its financial advisor, lead …
Companies Investments