Category: Analysis

  • Oil price hike to play in favour of AMOC, Qalaa Holdings – Analyst

    Oil price hike to play in favour of AMOC, Qalaa Holdings – Analyst

    The projected increase in oil prices, resulted from the terrorist attacks against Saudi Aramco’s facilities, is expected to benefit Egypt-listed companies, Alexandria Mineral Oils Co (AMOC) and Qalaa Holdings, junior equity analyst at Prime Holding, Nada Wagdy, told Mubasher on Wednesday. A 3% hike in oil prices will boost AMOC’s profit in the fiscal year […]

  • Al Tadamun Microfinance in talks for EGP 200m loan

    Al Tadamun Microfinance in talks for EGP 200m loan

    Al Tadamun Microfinance Foundation is negotiating EGP 200 million loan with two Egyptian banks, CEO Reham Farouk told Mubasher. During the first six months of 2019, Al Tadamun secured EGP 150 million loans from six banks, Farouk added. The top official noted that the foundation did not receive loans from any foreign source during the […]

  • Marakeb Technologies to commission unmanned surface vessel

    Marakeb Technologies to commission unmanned surface vessel

    Marakeb Technologies has launched a project to build a 16-feet Unmanned Surface Vessel (USV) project for global offshore solutions provider, Unique Group. Unlike remotely-controlled boats, the new vessel will be able to navigate a certain scenario on its own, equipped with programmable speeds, obstacle warnings, and failsafe protocols, according to a company statement released on […]

  • UAE banks cut investing in stocks, bonds – Analysis

    UAE banks cut investing in stocks, bonds – Analysis

    Emirati banks have cut their monthly investments into debt securities and stocks, data issued by the Central Bank of the UAE (CBUAE) showed. The banks have reduced their investments into bonds to AED 235.3 billion ($64.05 billion) at the end of June 2019, compared to AED 237.1 billion ($64.54 billion) at the end of May […]

  • Dubai Expo 2020 to boost real estate business in UAE – Analysis

    Dubai Expo 2020 to boost real estate business in UAE – Analysis

    The real estate companies operating in the UAE are facing major challenges that have slowed down their profits and revenue in the first quarter of 2019, economists told Mubasher. Net profit of the real estate companies in the Emirati markets amounted to AED 3.12 billion in Q1-19, down 19% from AED 3.86 billion in the […]

  • EGX to resume bullish trend Wednesday – Analysts

    EGX to resume bullish trend Wednesday – Analysts

    The Egyptian Exchange (EGX) is likely to resume the upward trend on Wednesday, analysts told Mubasher. The EGX is likely to be volatile today, but it tends to perform positively on the emergence of new market-boosting catalysts that would push liquidity in the market up, head of the capital market committee at the African Economic […]

  • Agility’s new US investment step towards further future contracts – Analyst

    Agility’s new US investment step towards further future contracts – Analyst

    The contract won by Agility Public Warehousing’s subsidiary from the US Defense Logistics Agency (DLA) is expected to boost the parent firm’s investments over the coming period, financial analyst Ahmed Jassim Al-Qamar said. This deal is considered the first after Agility reached a settlement with the US government two years ago, Al-Qamar added. Earlier on […]

  • EGX to see sideways trend Tuesday – Analysts

    EGX to see sideways trend Tuesday – Analysts

    The Egyptian Exchange (EGX) is likely to maintain the sideways trend on Tuesday, analysts told Mubasher. The benchmark EGX30 index may to test 15,050 and 15,000 points today and see rebound once liquidity enters blue-chip stocks, head of the capital market committee at the African Economic Council Ayman Fouda said. The EGX30 index has a […]

  • CIB to boost EGX this week – Analysts

    CIB to boost EGX this week – Analysts

    The Egyptian Exchange (EGX) is likely to maintain positive performance on the back of the heavyweight Commercial International Bank (CIB). Investors are expected to boost their purchasing in most of the blue-chip stocks, mainly the CIB, as well as the telecommunication stocks this week, branch manager at Mubasher Financial Services (MFS) told Mubasher. The projected […]

  • EGX to be volatile Thursday – Analysts

    EGX to be volatile Thursday – Analysts

    The Egyptian Exchange (EGX) is likely to see a sideways-to-declining trend on Thursday, the last trading session of the week, analysts told Mubasher. The benchmark EGX30 index has a short-term resistance at 15,320 points, while it has support at 15,000 and 14,903 points, head of the capital market committee at the African Economic Council Ayman […]