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29 September 02:09 PM ONE Development enters Egyptian market to expand regional expansion

Cairo - Mubasher: UAE-based ONE Development has officially entered Egypt's real estate market with the launch of DO New Cairo, according to a press release. In partnership with global music icon Amr Diab, the flagship hospitality project’s …

Companies Investments

29 September 12:17 PM The Marq boosts Egypt’s development projects with EGP 4bn investment

Cairo - Mubasher: The Marq is accelerating construction and delivery across its residential communities, backed by an additional EGP 4 billion investment, bringing its total investment in 2025 to EGP 12 billion. The company aims to deliver over …

Companies Investments

29 September 11:54 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 and USD, as of 28 …

Banking and Finance

29 September 09:58 AM CBE auctions T-bonds, floating-rate note on Monday

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered fixed treasury bonds (T-bonds) at an aggregated value of EGP 19 billion over three tranches on Monday, 29 September. The first auction was valued at EGP 5 billion and will mature in two …

Bonds

28 September 08:52 PM GCC’s tourism sector records $247.1bn in 2024

Mubasher: The value added by the travel and tourism sector to the gross domestic product (GDP) of the GCC nations increased by 31.90% to $247.10 billion in 2024, when compared to 2019. The sector’s contribution to the region’s GDP is expected to …

Macroeconomics

28 September 08:33 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 08:18 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, …

Global Economy

28 September 06:35 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 …

Management Decisions

28 September 12:10 PM AngelAi launches in Saudi Arabia, eyes GCC expansion

Riyadh - Mubasher: AngelAi, the world’s first empathetic AI platform for financial services, has launched in Saudi Arabia, according to a press release. The platform provides the Saudi banks and investors with access to AI-powered growth anchored …

Global Economy

28 September 11:27 AM CBE offers EGP 55bn T-bills on Sunday

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) worth EGP 55 billion through two tranches on Sunday, 28 September. The first tranche stood at EGP 20 billion and will mature in 91 days on 30 December 2025, …

Macroeconomics

28 September 09:51 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 and USD, as of 27 …

Mutual Funds

25 September 07:42 PM Riyadh-based DOO closes $1.7m to expand in GCC region

Riyadh - Mubasher: AI-powered customer experience platform DOO has secured $1.70 million in a funding round led by Merak Capital, with participation from Plus VC and other regional investors. Through the fresh funding, DOO will accelerate product …

Companies Investments

25 September 05:02 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' …

Global Economy

25 September 02:46 PM MNT-Halan launches Egypt’s 1st secured digital lending solution

Cairo - Mubasher: MINT-Halan, MENA’s leading fintech platform, has launched Egypt’s first secured lending solution offered by a non-banking financial institution. The new service will enable customers to instantly access up to 80% of their …

Companies Investments

25 September 01:25 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 and USD, as of 24 …

Mutual Funds

25 September 12:17 PM Buttermilk launches Riyadh office to expand regional footprint

Riyadh - Mubasher: Buttermilk, a global creator agency, has launched its first office in Riyadh to expand its Middle East presence and support Saudi Arabia’s fast-growing creator economy. The new hub will be led by Marketing & PR Strategist …

Companies Investments

25 September 09:43 AM CBE unveils EGP 85bn T-bills end-week

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 85 billion through two tranches on Thursday, 25 September. The first auction hit EGP 35 billion and will mature in 182 days on 31 March …

Banking and Finance

25 September 07:51 AM PayPal commits $100m to advance digital commerce in MEA

Mubasher: US-based PayPal Holdings plans to invest $100 million across the Middle East and Africa (MEA) to drive innovation, support entrepreneurs, and promote growth in digital commerce. The investment will be deployed through a mix of minority …

Companies Investments

25 September 07:43 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 …

Global Economy

24 September 07:12 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 …

Banking and Finance

24 September 06:52 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, …

Corporate Actions

24 September 06:39 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

24 September 01:40 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 …

Global Economy

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