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19 May 12:02 PM

Egypt news

Saudi Riyal Symbol
20 February 2025 05:43 PM Saudi Arabia now has Riyal symbol; historic move to reinforce currency's identity
Riyadh – Mubasher: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, approved launching the Saudi Riyal symbol on 20 February 2025. The Riyal symbol marks a historic move that will reinforce the Saudi currency's identity, …
Banking and Finance
Mastercard SME Confidence Index
20 February 2025 05:21 PM Saudi SMEs show optimism towards 2025 upon Mastercard Confidence Index
Riyadh – Mubasher: Small and medium enterprises (SMEs) in Saudi Arabia are viewing 2025 with remarkable optimism that is driven by a robust embrace of digitalisation and innovative technologies, according to the third edition of the Mastercard SME …
Macroeconomics
Photo Archive
20 February 2025 02:39 PM Strategic focus on tourism empowers regional mobile operators to leverage 5G as revenue driver – Report
Mubasher: A recent study assessed the mobile user experience of inbound roamers visiting Gulf countries, which offer some of the best 5G roaming speeds globally, facilitating an enhanced digital experience for visitors. The Ookla report relied on …
Macroeconomics
Photo Gallery
20 February 2025 02:13 PM Beltone’s unit enters into EGP 4bn deal for sports project
Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of the listed Beltone Holding, recently signed a syndicated leasing term sheet amounting to EGP4 billion with Al Qalaa Al Hamraa for Facilities Management, according to a press release. …
Companies Investments
Photo Archive
20 February 2025 00:50 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 …
Companies Investments
Saud Altassan, CEO at EFG Hermes KSA
19 February 2025 05:53 PM EFG Hermes KSA to lead major IPOs, deals in 2025 – Interview at CMF2025
Riyadh – Mubasher: Saud Altassan, CEO at EFG Hermes KSA, a unit of EFG Hermes Holding, said that the company is expected to witness more initial public offerings (IPOs) and acquisition deals in 2025. In an exclusive interview with Mubasher on the …
Global Economy
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19 February 2025 04:46 PM ExxonMobil features latest technologies during partaking in EGYPES 2025 as diamond sponsor
Cairo – Mubasher: ExxonMobil reaffirms its commitment to Egypt's energy future as a prominent participant at EGYPES 2025, which is held on 17-19 February at the Egypt International Exhibition Center. This participation reflects ExxonMobil's …
Global Economy
Saudi Tadawul Group
19 February 2025 03:51 PM Saudi Tadawul Group unveils capital management system during CMF2025
Riyadh – Mubasher: Saudi Tadawul Group Holding Company has launched its new Capital Management System (CMS) on the sidelines of the Capital Markets Forum (CMF) 2025, which will conclude on 19 February. The CMS marks a transformative shift in …
Companies Investments
Photo Archive
19 February 2025 01:48 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 …
Trading Activities
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19 February 2025 09:52 AM Wamid, Google Cloud, Deloitte ink partnership agreement at CMF2025
Riyadh – Mubasher: Wamid, Google Cloud, and Deloitte have entered into a strategic trilateral agreement to develop advanced data products tailored for stakeholders in the Saudi capital market. The partnership was announced on the first day of the …
Companies Investments
Photo Gallery
19 February 2025 09:04 AM Aljazira Capital, Target launch SAR 1bn fund at CMF2025
Riyadh – Mubasher: Aljazira Capital and Target have launched AlJazira Target Al Narjus Real Estate Fund with a size exceeding SAR 1 billion, as per a statement. The launch was announced on the first day of the fifth edition of the Capital Markets …
Global Economy
Mohammed Sulaiman Al Rumaih, CEO of Saudi Exchange
19 February 2025 08:34 AM Tadawul expected to welcome over 50 IPOs in 2025 – Al Rumaih at CMF
Riyadh – Mubasher: Mohammed Sulaiman Al Rumaih, CEO of Saudi Exchange (Tadawul) revealed that the Main Market and the Parallel Market (Nomu) welcomed more than 45 initial public offerings (IPOs) in 2024. On the sidelines of the Capital Market …
Event
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18 February 2025 08:57 PM Tadawul inks agreement with Jakarta Futures Exchange at CMF2025 to attract Indonesian investments
Riyadh – Mubasher: Saudi Exchange (Tadawul) penned a new memorandum of understanding (MoU) with the Jakarta Futures Exchange (JFX) during the fifth edition of the Capital Market Forum (CMF). The joint deal aims to encourage large Indonesian firms …
Companies Investments
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18 February 2025 08:20 PM SNB Capital, Awqaf Investment ink agreement at CMF2025 to enhance investment products
Riyadh – Mubasher: SNB Capital signed an agreement with Awqaf Investment to provide investment services for endowment assets exceeding SAR 8 billion, according to a press release. The deal, which was signed during the fifth edition of the Capital …
Global Economy
Photo Gallery
18 February 2025 07:34 PM Edaa launches Edaa Connect at CMF2025 to streamline access to mutual funds
Riyadh – Mubasher: Edaa, the Securities Depository Center of the Saudi Tadawul Group launched Edaa Connect, a first-of-its-kind platform designed to transform investor access to mutual funds in the Saudi capital market. The launch was announced on …
Companies Investments
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18 February 2025 07:10 PM Saudi Tadawul Group inks MoU with Financial Academy during CMF2025
Riyadh – Mubasher: Saudi Tadawul Group signed a memorandum of understanding (MoU) with the Financial Academy on the sidelines of the fifth edition of the Capital Markets Forum (CMF), which is being held in Riyadh until 20 February. The agreement …
Companies Investments
Photo Archive
18 February 2025 06:36 PM ACWA Power rolls out SAR 8.6bn deal for energy project in Egypt
Riyadh – Mubasher: ACWA Power inked a power purchase agreement (PPA) valued at SAR 8.60 billion for a wind energy project in Egypt, according to a bourse statement. The Saudi company will develop, build, own, and operate a wind power generation …
Companies Investments
Photo Gallery
18 February 2025 05:47 PM Arabian Drilling, Shelf Drilling form to expand offshore drilling globally
Riyadh – Mubasher: Arabian Drilling inked a memorandum of understanding (MOU) with Shelf Drilling Limited to deploy some of its premium jack-up rigs internationally. The two companies will form a strategic alliance to expand their reach and …
Companies Investments
Photo Gallery
18 February 2025 00:49 PM ADNOC Distribution to launch 1st flagship service station in Egypt
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) is set to open its first flagship service station in Egypt during 2025, according to a press release. Located in New Cairo, the new station will feature an …
Global Economy
Photo Gallery
18 February 2025 10:00 AM Capital Markets Forum 2025 Kicks off in Riyadh
Riyadh – Mubasher: The fifth edition of the Capital Markets Forum (CMF) kicked off in Riyadh on Tuesday, 18 February, under the theme ‘Powering Connections’. Organised by the Saudi Tadawul Group, the event is being held under the patronage of …
Global Economy
Photo Archive
18 February 2025 09:12 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 …
Global Economy
Photo Archive
17 February 2025 05:53 PM Al Baraka Bank-Egypt sees higher profits in 2024; dividends unveiled
Cairo – Mubasher: Al Baraka Bank-Egypt posted consolidated net profits valued at EGP 3 billion in 2024, compared to EGP 2.21 billion. Net income from funds climbed to EGP 5.99 billion last year from EGP 4.37 billion in 2023, according to the …
Cash Dividends
Photo Archive
17 February 2025 00:46 PM NBK-Egypt logs EGP 7.3bn net profits in 2024
Cairo – Mubasher: National Bank of Kuwait - Egypt (NBK-Egypt) logged net profits worth EGP 7.30 billion (KWD 51.90 million ) in  2024, an annual leap of 81% from EGP 4.02 billion (KWD 41.40 million). Net operating income stood at EGP 13.50 billion …
Banking and Finance
Photo Archive
17 February 2025 11:23 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 as per 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 …
Trading Activities
Photo Archive
16 February 2025 08:48 PM Tabreed’s revenues surge in 2024 due to expansion in India, Egypt
Dubai - Mubasher: National Central Cooling Company (Tabreed) registered net profits attributable to the owners valued at AED 570.21 million in 2024, compared with AED 431.14 million in 2023. Total basic and diluted earnings per share (EPS) …
Financial Results