Latest news with #MubasherInfo
Zawya
11 hours ago
- Business
- Zawya
Egyptians for Investment approves capital increase
Cairo - The Egyptians for Investment and Urban Development Company's board agreed, on 18 June, to increase the issued and paid-up capital to EGP 165 million from EGP 150 million. The EGX-listed firm will distribute 15 million bonus shares to 150 million shareholders, reflecting a ratio of one bonus share for every ten shares held, according to a bourse statement. The transaction will be funded from retained earnings of EGP 17.53 million, with EGP 749,865 allocated as a 5% legal reserve, leaving EGP 16.78 million available for distribution. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Business
- Zawya
Central Bank of Egypt unveils $1.58bln T-bills end-week
Cairo – The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 80 billion through two offerings on Thursday, 19 June. The first tranche stood at EGP 40 billion, holding a tenor of 182 days until 23 December 2025, according to official data. With the same value, the second auction will mature in 364 days on 23 June 2026. Earlier this week, the central bank issued T-bills worth EGP 60 billion through two auctions. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
12-06-2025
- Business
- Zawya
Central Bank of Egypt unveils $1.81bln T-bills on Thursday
Cairo – The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 90 billion through two issues on Thursday, 12 June. The first tranche stood at EGP 45 billion, holding a tenor of 182 days until 16 December 2025, according to official data. Issued with the same value, the second offering will mature in 364 days on 16 June 2026. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
05-06-2025
- Business
- Zawya
Egypt's central bank announces $48.5bln net foreign reserves, higher remittances
Cairo – The net international reserves (NIR) of Egypt hit $48.52 billion at the end of May 2025, according to the Central Bank of Egypt (CBE). The CBE's data also showed that remittances from Egyptians working abroad hiked by 82.70% year-on-year (YoY) to $26.40 billion in the July 2024 to March 2025 period from $14.40 billion. In the third quarter (Q3) of the fiscal year (FY) 2024/25, the remittances' value jumped by 86.60% YoY to nearly $9.40 billion from $5 billion. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
02-06-2025
- Business
- Zawya
Golden Pyramids Plaza's standalone profits exceed $43.5mln in 2024
Cairo – Golden Pyramids Plaza logged standalone net profits after tax worth $43.66 million in 2024, marking an annual hike from $28.33 million. Revenues jumped to $92.12 million last year from $80.63 million in 2023, according to the financial results. Basic and diluted earnings per share (EPS) hit EGP 0.07 as of 31 December 2024, up year-on-year (YoY) from EGP 0.05. In the first half (H1) of 2024, the company's standalone net profits after tax increased to $34.83 million from $12.04 million in H1-23. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
