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22 August 06:32 AM

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Representatives of Jafza and OSM
21 August 10:55 PM Indian EV maker plans $25m investment in Jafza to serve over 2bn consumers in Middle East, Africa
UAE – Mubasher: Omega Seiki Mobility (OSM), India’s electric vehicle (EV) manufacturer, has launched its first international facility in Jafza over an area exceeding 42,000 square feet. The company will be investing $25 million (AED 92 million) in …
Global Economy
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21 August 06:30 PM Presight’s AI-Startup Accelerator brings together 10 global firms in Abu Dhabi
Abu Dhabi - Mubasher: Presight AI Holding is hosting its first-ever AI-Startup Accelerator Bootcamp in Abu Dhabi, gathering 10 startups globally to scale real-world AI solutions. During the three-day event, the startups will embark on a rigorous …
Event
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21 August 05:03 PM e&, GCC telcos units launch 1st regional Sustainability Hackathon
Mubasher: Emirates Telecommunications Group (e&) and the GCC’s leading telecom operators have launched the region’s first Sustainability Hackathon, according to a press release. The initiative aims to accelerate green technology adoption and …
Global Economy
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21 August 01:34 PM CI Capital backs regional expansion plans via EGP 4.9bn revenues in H1-25
Cairo - Mubasher: CI Capital Holding for Financial Investments registered an annual drop in consolidated net profits after tax to EGP 699.28 million in the first half (H1) of 2025, compared to EGP 1.31 billion. Total revenues declined to EGP 4.92 …
Financial Results
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21 August 04:57 AM Banque Misr pens cooperation protocol with E-systematic to bolster mortgage services
Cairo - Mubasher: Banque Misr has signed a cooperation protocol with E-systematic for Technology and Project Management, the owner of The Official Egyptian Real Estate Platform. The agreement aims to provide smoother access to mortgage financing …
Real estate
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21 August 04:44 AM UAE’s CE-Ventures backs $100m round in US-based Aalo Atomics
UAE - Mubasher: CE-Ventures, the corporate venture capital (VC) platform of Crescent Enterprises, has joined the $100 million Series B funding round for leading US nuclear technology company Aalo Atomics, according to a press release. The …
Companies Investments
Founders of Starvania Studios
21 August 04:42 AM Starvania Studios to expand global business via $1.1m funding
Riyadh – Mubasher: Saudi Arabia-based Starvania Studios has secured an investment of $1.10 million from Merak Capital and Impact46, according to a press release. The funding will contribute to accelerating Starvania Studios’ growth trajectory by …
Global Economy
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21 August 04:38 AM CBE unveils EGP 80bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at a combined value of EGP 80 billion through two issues on Thursday, 21 August. The first tranche was valued at EGP 35 billion and will mature in 182 days on 24 …
Banking and Finance
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21 August 12:23 AM UAE-based Coraly.ai secures $2m funding to fuel regional expansion, international market entry
UAE – Mubasher: Proptech company Coraly.ai, formerly known as Coralytics, has recently closed a $2 million pre-seed funding round that was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle based in Abu Dhabi Global Market …
Global Economy
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20 August 11:52 AM CIRA Education take over 51% of L’École Française Hurghada
Cairo - Mubasher: Cairo for Investment and Real Estate Development (CIRA Education) has acquired a 51% stake in L’École Française d’Hurghada, expanding its footprint in the Red Sea region. The stake acquisition deal marks the company’s first entry …
Companies Investments
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20 August 11:22 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 and USD, as …
Trading Activities
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20 August 10:59 AM Masdar-led alliance closes $1.1bn deal for solar project in Saudi Arabia
Abu Dhabi - Mubasher: Abu Dhabi Future Energy Company (Masdar), GD Power, and Korea Electric Power Corporation jointly closed a $1.10 billion deal for the 2-gigawatt (GW) Al Sadawi solar project. The project falls under the National Renewable …
Global Economy
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20 August 10:49 AM Lulu Retail launches new express store in Dubai to expand regional footprint
Abu Dhabi - Mubasher: Lulu Retail Holdings has opened a new 22,000-square-foot Lulu express store in Nad Al Hammar, Dubai, marking its 112th store in the UAE. The launch is part of the company’s expansion plans and underscores its strong retail …
Global Economy
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20 August 07:37 AM Beltone Mortgage completes EGP 1.3bn securitized bond issuance
Cairo - Mubasher: Beltone Mortgage, a subsidiary of Beltone Holding, has concluded its first securitized bond issuance under Beltone Securitization’s second program. The deal attracted strong investor demand, achieving 2.3x oversubscription, …
Banking and Finance
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19 August 03:45 PM Valu concludes 1st bond issuance under EGP 10bn securitization program
Cairo - Mubasher: U Consumer Finance (Valu), MENA’s leading fintech platform, closed its 17th securitized bond issuance at EGP 460.70 million, according to a press release. The transaction, executed in partnership with EFG Hermes, an EFG Holding …
Companies Investments
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19 August 03:36 PM Contact’s consolidated net profits fall to EGP 178m in H1-25
Cairo - Mubasher: Contact Financial Holding generated consolidated net profits after tax amounted to EGP 178.21 million during the first half (H1) of 2025, reflecting a 7.82% decline from EGP 193.37 million in H1-24. The company posted EGP 1.32 …
Financial Results
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19 August 03:02 PM Sinai Cement’s consolidated profits hike 18% in H1-25
Cairo - Mubasher: The consolidated net profits of Sinai Cement reached EGP 768.81 million in the first half (H1) of 2025, marking an 18.03% year-on-year (YoY) increase from EGP 651.31 million. Net sales jumped to EGP 4.01 billion as of 30 June …
Financial Results
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19 August 02:37 PM Madinet Masr to launch EGP 300m real estate investment fund in Saudi Arabia
Cairo – Mubasher: Secure Assets for Fixed Earnings (SAFE), owned by Madinet Masr Housing and Development, plans to establish a real estate investment fund in Saudi Arabia, with a target capital of EGP 300 million. This move aligns with the …
Companies Investments
Photo Archive
19 August 01:33 PM Raya Holding posts 27.5% hike in H1-25 consolidated net profits
Cairo - Mubasher: Raya Holding for Financial Investment generated 27.50% higher consolidated net profits after tax at EGP 971.67 million in the first half (H1) of 2025, compared with EGP 762.13 million in H1-24. Revenues amounted to EGP 27.77 …
Financial Results
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19 August 01:07 PM Egypt Kuwait Holding’s consolidated net profits up to $101m in H1-25
Cairo - Mubasher: Egypt Kuwait Holding (EKH) logged an annual growth of 1% in consolidated net profits to $101 million in the first half (H1) of 2025, versus $100 million. The EGX-listed company registered 32% year-on-year (YoY) higher revenues at …
Financial Results
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19 August 12:34 PM Misr Beni Suef’s consolidated net profits hit EGP 953m in H1-25
Cairo - Mubasher: Misr Beni Suef Cement announced consolidated net profits after tax valued at EGP 952.80 million in the first half (H1) of 2025. The EGX-listed group generated sales amounting to EGP 2.66 billion in H1-25, while the earnings per …
Financial Results
Photo Archive
19 August 11:07 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 …
Banking and Finance
Photo Gallery
19 August 10:00 AM Professional.me secures $3.1m funding round to fuel regional expansion plans
UAE – Mubasher: Abu Dhabi-based HRtech Professional.me has raised $3.1 million in seed funding led by Raha Beach Ventures, bringing its total to $4.6 million, according to a press release. The company will use the funding to expand its engineering …
Global Economy
Photo Archive
19 August 08:16 AM Alexandria Container logs EGP 6.6bn profits in FY2024/25
Cairo – Mubasher: The net profits after tax of Alexandria Container and Cargo Handling Company increased by 5% to EGP 6.61 billion in fiscal year (FY) 2024/2025 from EGP 6.28 billion in FY2023/24. The sales reached EGP 8.29 billion at the end of …
Financial Results
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18 August 05:09 PM Arab Developers turns profitable in H1-25; sales leap104%
Cairo - Mubasher: Arab Developers Holding shifted to consolidated net profits valued at EGP 70.80 million in the first half (H1) of 2025, versus a net loss of EGP 11.41 million in H1-24. Earnings per share (EPS) hit EGP 0.009 in H1-25, compared to …
Real estate