Market News
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Arab Cotton Ginning (ACGC.CA) - Disclosure Form for the BoD & the Shareholders' Structure
Wednesday 08/04/202614:13:40 PMRead moreArab Cotton Ginning (ACGC.CA) - Disclosure Form for the BoD & the Shareholders' Structure
Company Name : Arab Cotton Ginning
ISIN Code : EGS32221C011
Reuters Code : ACGC.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended on 31/03/2026 according to Article 30 of the Listing Rules.
Shareholders' Structure (2,856 KB) -
Listing the shares of Alexandria Company For Refractories (ACFR.CA) on the Main Market (Temporary Listing)
Wednesday 08/04/202614:10:55 PMRead moreListing the shares of Alexandria Company For Refractories (ACFR.CA) on the Main Market (Temporary Listing)
The Listing Committee held on 08/04/2026 has approved the following:
' Listing the shares of Alexandria Company For Refractories (temporary listing) with an issued capital of EGP 196,837,850 distributed over 19,683,785 shares with a par value of EGP 10.00 per share represented in 3 issuances in the Egyptian Securities Listing Board (Shares) ' 'Main Market, in accordance with Articles (1 bis), (6), (7) and (18) of the rules for listing and delisting securities on the Egyptian Exchange.
' The company is committed to fulfill the items (1, 2, 3) of Article (7) of the Listing Rules and complete the registration procedures with the Financial Regulatory Authority (FRA) in accordance with the rules determined by the Board of Directors of the Financial Regulatory Authority (FRA), also applying to the (EGX) to execute the offering of its shares within six months from the date of temporary listing.
' In all cases, the company's shares shall not be traded during the period from the date of the temporary Listing until the start of trading of these shares (after the offering), except with the approval of (FRA). The temporary Listing shall be deemed as if it did not exist, in case of the company does not implement its share offering and fulfill the conditions and requirements for final listing within six months from the date of temporary listing ,The said deadline may be extended with the approval of (FRA) in cases it deems appropriate based on the justifications and time plan that submitted by the company.
' The company must adhere, throughout the temporary Listing period to the obligations stipulated in clauses (1 to 4) of Article (48) of these rules.
' Shareholders who own (10%) or more of the company's share capital and/or their successors from among the remaining shareholders in the company shall be obligated to retain (51%) of the shares they own in the company's share capital , to be Locked 'In, and if the total shares to be Locked 'In accordingly are less than (25%) of the company's issued capital shares, the (25%) are completed from the stakes of the members of the board of directors and the founders of the company or other shareholders.
' Such Locked 'In shares shall be for a period of not less than (24) months, together with the issuance of the periodic financial statements for two fiscal years from the date of offering at the stock exchange, where the same percentage shall be (Locked 'In) in any increase in the company's capital for the same period, except for stock dividend, in implementation of item (7) of Article (7) of the Listing and Delisting Rules.
' The company is hereby notified of its obligation to comply with the provisions of Law No. 120 of 1982 issuing the Law Regulating Commercial Agency Activities and Certain Commercial Brokerage Activities, and in particular the text of Clause (c) of Section Two of Article Three.
Likewise, the provisions of Law No. (121) of 1982 regarding the importers' register, and the exception issued by Law No. (173) of 2023 regarding the registration of some companies not owned by Egyptians or owned by them at a percentage less than (51%) of some provisions of Law No. (121) of 1982.
' The company's shares shall be added on the EGX's database under the sector of " Building Materials' as of Thurusday 09/04/2026 trading session.
' The company must complete the required documentation before trading in the company's shares begins.
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Release from TAWASOA For Factoring (TWSA.CA) Regarding the OGM Summary (SMEs Market)
Wednesday 08/04/202614:10:16 PMRead moreRelease from TAWASOA For Factoring (TWSA.CA) Regarding the OGM Summary (SMEs Market)
Company Name : TAWASOA For Factoring
ISIN Code : EGS7D231C010
Reuters Code : TWSA.CA
Content :
With reference to the announcement published on the trading screens on 08/04/2026 regarding the summary of the resolutions of the Ordinary General Assembly held on 08/04/2026, an addendum statement was issued.
Release from the Company (457 KB) -
Ibnsina Pharma (ISPH.CA) - AGM Minutes (after Certification)
Wednesday 08/04/202614:04:39 PMRead moreIbnsina Pharma (ISPH.CA) - AGM Minutes (after Certification)
Company Name : Ibnsina Pharma
ISIN Code : EGS512O1C012
Reuters Code : ISPH.CA
Content :
AGM minutes after certification
Assembly Date : 31/03/2026
AGM Minutes (after Certification) (2,787 KB) -
Listing the Shares of Egyptian Ferroalloys Co.-EFACO (EFAC.CA) on the Main Market (Temporary Listing)
Wednesday 08/04/202613:56:25 PMRead moreListing the Shares of Egyptian Ferroalloys Co.-EFACO (EFAC.CA) on the Main Market (Temporary Listing)
The Listing Committee held on 08/04/2026 has approved the following:
' Listing the shares of Egyptian Ferroalloys Co.-EFACO (temporary listing) with an issued capital of EGP 300 million distributed over 30 Million shares with a par value of EGP 10.00 per share represented in 5 issuances in the Egyptian Securities Listing Board (Shares) ' 'Main Market, in accordance with Articles (1 bis), (6), (7) and (18) of the rules for listing and delisting securities on the Egyptian Exchange.
' The company is committed to fulfill the items (1, 2, 3) of Article (7) of the Listing Rules and complete the registration procedures with the Financial Regulatory Authority (FRA) in accordance with the rules determined by the Board of Directors of the Financial Regulatory Authority (FRA), also applying to the (EGX) to execute the offering of its shares within six months from the date of temporary listing.
' In all cases, the company's shares shall not be traded during the period from the date of the temporary Listing until the start of trading of these shares (after the offering), except with the approval of (FRA). The temporary Listing shall be deemed as if it did not exist, in case of the company does not implement its share offering and fulfill the conditions and requirements for final listing within six months from the date of temporary listing ,The said deadline may be extended with the approval of (FRA) in cases it deems appropriate based on the justifications and time plan that submitted by the company.
' The company must adhere, throughout the temporary Listing period to the obligations stipulated in clauses (1 to 4) of Article (48) of these rules.
' Shareholders who own (10%) or more of the company's share capital and/or their successors from among the remaining shareholders in the company shall be obligated to retain (51%) of the shares they own in the company's share capital , to be Locked 'In, and if the total shares to be Locked 'In accordingly are less than (25%) of the company's issued capital shares, the (25%) are completed from the stakes of the members of the board of directors and the founders of the company or other shareholders.
' Such Locked 'In shares shall be for a period of not less than (24) months, together with the issuance of the periodic financial statements for two fiscal years from the date of offering at the stock exchange, where the same percentage shall be (Locked 'In) in any increase in the company's capital for the same period, except for stock dividend, in implementation of item (7) of Article (7) of the Listing and Delisting Rules.
' The company's shares shall be added on the EGX's database under the sector of " Basic Resources' as of Thurusday 09/04/2026 trading session.
' The company must complete the required documentation before trading in the company's shares begins.
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EFG Securitization The Second Issuance - Third Program Tranche C September 2028 (EGHRSEC2P3C=CA) Declares Bond Dividends for Coupon No. (34)
Wednesday 08/04/202613:55:51 PMRead moreEFG Securitization The Second Issuance - Third Program Tranche C September 2028 (EGHRSEC2P3C=CA) Declares Bond Dividends for Coupon No. (34)
Issuer Name : EFG Securitization The Second Issuance - Third Program Tranche C September 2028
ISIN Code : EGB694K1S216
Reuters Code : EGHRSEC2P3C=CA
Interest Type : Floating
Coupon Interest : 20.6%
Coupon Amount : EGP 0.2473299012
Coupon Number : 34
Coupon Date : 22/04/2026
Coupon Payment Date : 23/04/2026
Notes :
Bond Redemption: EGP 2.092
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Listing the shares of ALNAHDA Industrial Co (ANCC.CA) on the Main Market (Temporary Listing)
Wednesday 08/04/202613:50:40 PMRead moreListing the shares of ALNAHDA Industrial Co (ANCC.CA) on the Main Market (Temporary Listing)
The Listing Committee held on 08/04/2026 has approved the following:
' Listing the shares of ALNAHDA Industrial Co (temporary listing) with an issued capital of EGP 756 million distributed over 75,600,000 shares with a par value of EGP 10.00 per share represented in 3 issuances in the Egyptian Securities Listing Board (Shares) ' 'Main Market, in accordance with Articles (1 bis), (6), (7) and (18) of the rules for listing and delisting securities on the Egyptian Exchange.
' The company is committed to fulfill the items (1, 2, 3) of Article (7) of the Listing Rules and complete the registration procedures with the Financial Regulatory Authority (FRA) in accordance with the rules determined by the Board of Directors of the Financial Regulatory Authority (FRA), also applying to the (EGX) to execute the offering of its shares within six months from the date of temporary listing.
' In all cases, the company's shares shall not be traded during the period from the date of the temporary Listing until the start of trading of these shares (after the offering), except with the approval of (FRA). The temporary Listing shall be deemed as if it did not exist, in case of the company does not implement its share offering and fulfill the conditions and requirements for final listing within six months from the date of temporary listing ,The said deadline may be extended with the approval of (FRA) in cases it deems appropriate based on the justifications and time plan that submitted by the company.
' The company must adhere, throughout the temporary Listing period to the obligations stipulated in clauses (1 to 4) of Article (48) of these rules.
' Shareholders who own (10%) or more of the company's share capital and/or their successors from among the remaining shareholders in the company shall be obligated to retain (51%) of the shares they own in the company's share capital , to be Locked 'In, and if the total shares to be Locked 'In accordingly are less than (25%) of the company's issued capital shares, the (25%) are completed from the stakes of the members of the board of directors and the founders of the company or other shareholders.
' Such Locked 'In shares shall be for a period of not less than (24) months, together with the issuance of the periodic financial statements for two fiscal years from the date of offering at the stock exchange, where the same percentage shall be (Locked 'In) in any increase in the company's capital for the same period, except for stock dividend, in implementation of item (7) of Article (7) of the Listing and Delisting Rules.
' The company's shares shall be added on the EGX's database under the sector of " Building Materials' as of Thurusday 09/04/2026 trading session.
' The company must complete the required documentation before trading in the company's shares begins.
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Future care for medical industries (FCMI) (ICMI.CA) - Disclosure Form Concerning the BoD & the Shareholders' Structure
Wednesday 08/04/202613:46:28 PMRead moreFuture care for medical industries (FCMI) (ICMI.CA) - Disclosure Form Concerning the BoD & the Shareholders' Structure
Company Name : Future care for medical industries (FCMI)
ISIN Code : EGS3I0S1C019
Reuters Code : ICMI.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended on 31/03/2026 according to Article 30 of the Listing Rules.
Shareholders' Structure (624 KB) -
REKAZ Financial Holding (RKAZ.CA) - Disclosure Form Concerning the BoD & the Shareholders' Structure (SMEs Market)
Wednesday 08/04/202613:42:55 PMRead moreREKAZ Financial Holding (RKAZ.CA) - Disclosure Form Concerning the BoD & the Shareholders' Structure (SMEs Market)
Company Name : REKAZ Financial Holding
ISIN Code : EGS521T1C016
Reuters Code : RKAZ.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended on 31/03/2026 according to Article 30 of the Listing Rules.
Shareholders' Structure (637 KB) -
Temporary Listing of Six State Owned Companies on EGX
Wednesday 08/04/202613:40:29 PMRead moreTemporary Listing of Six State Owned Companies on EGX
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Listing the Shares of Egyptian Company for Pipes and Cement Products -Siegwart (SIEG.CA) on the Main Market (Temporary Listing)
Wednesday 08/04/202613:40:11 PMRead moreListing the Shares of Egyptian Company for Pipes and Cement Products -Siegwart (SIEG.CA) on the Main Market (Temporary Listing)
The Listing Committee held on 08/04/2026 has approved the following:
' Listing the shares of Egyptian Company for Pipes and Cement Products -Siegwart (temporary listing) with an issued capital of EGP 1,200,000,000 million distributed over 120 Million shares with a par value of EGP 10.00 per share represented in 2 issuances in the Egyptian Securities Listing Board (Shares) ' "Main Market", in accordance with Articles (1 bis), (6), (7) and (18) of the rules for listing and delisting securities on the Egyptian Exchange.
' The company is committed to fulfill the items (1, 2, 3) of Article (7) of the Listing Rules and complete the registration procedures with the Financial Regulatory Authority (FRA) in accordance with the rules determined by the Board of Directors of the Financial Regulatory Authority (FRA), also applying to the (EGX) to execute the offering of its shares within six months from the date of temporary listing.
' In all cases, the company's shares shall not be traded during the period from the date of the temporary Listing until the start of trading of these shares (after the offering), except with the approval of (FRA). The temporary Listing shall be deemed as if it did not exist, in case of the company does not implement its share offering and fulfill the conditions and requirements for final listing within six months from the date of temporary listing ,The said deadline may be extended with the approval of (FRA) in cases it deems appropriate based on the justifications and time plan that submitted by the company.
' The company must adhere, throughout the temporary Listing period to the obligations stipulated in clauses (1 to 4) of Article (48) of these rules.
' Shareholders who own (10%) or more of the company's share capital and/or their successors from among the remaining shareholders in the company shall be obligated to retain (51%) of the shares they own in the company's share capital , to be Locked 'In, and if the total shares to be Locked 'In accordingly are less than (25%) of the company's issued capital shares, the (25%) are completed from the stakes of the members of the board of directors and the founders of the company or other shareholders.
' Such Locked 'In shares shall be for a period of not less than (24) months, together with the issuance of the periodic financial statements for two fiscal years from the date of offering at the stock exchange, where the same percentage shall be (Locked 'In) in any increase in the company's capital for the same period, except for stock dividend, in implementation of item (7) of Article (7) of the Listing and Delisting Rules.
' The company is hereby notified of its obligation to comply with the provisions of Law No. 120 of 1982 issuing the Law Regulating Commercial Agency Activities and Certain Commercial Brokerage Activities, and in particular the text of Clause (c) of Section Two of Article Three.
Likewise, the provisions of Law No. (121) of 1982 regarding the importers' register, and the exception issued by Law No. (173) of 2023 regarding the registration of some companies not owned by Egyptians or owned by them at a percentage less than (51%) of some provisions of Law No. (121) of 1982.
' The company's shares shall be added on the EGX's database under the sector of " Building Materials' as of Tuesday 14/04/2026 trading session.
' The company must complete the required documentation before trading in the company's shares begins.
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National Drilling (NDRL.CA.) - Disclosure Form Concerning the BoD & the Shareholders' Structure
Wednesday 08/04/202613:39:35 PMRead moreNational Drilling (NDRL.CA.) - Disclosure Form Concerning the BoD & the Shareholders' Structure
Company Name : National Drilling
ISIN Code : EGS735N2C012
Reuters Code : NDRL.CA.
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 31/03/2026 according to Article 30 of the Listing Rules
Shareholders' Structure (839 KB)
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Listing the Shares of El Nasr Mining Co on the Main Market (NMIN.CA) (Temporary Listing)
Wednesday 08/04/202613:26:52 PMRead moreListing the Shares of El Nasr Mining Co on the Main Market (NMIN.CA) (Temporary Listing)
The Listing Committee held on 08/04/2026 has approved the following:
' Listing the shares of El Nasr Mining Co (temporary listing) with an issued capital of EGP 600 million distributed over 60 Million shares with a par value of EGP 10.00 per share represented in 7 issuances in the Egyptian Securities Listing Board (Shares) ' 'Main Market, in accordance with Articles (1 bis), (6), (7) and (18) of the rules for listing and delisting securities on the Egyptian Exchange.
' The company is committed to fulfill the items (1, 2, 3) of Article (7) of the Listing Rules and complete the registration procedures with the Financial Regulatory Authority (FRA) in accordance with the rules determined by the Board of Directors of the Financial Regulatory Authority (FRA), also applying to the (EGX) to execute the offering of its shares within six months from the date of temporary listing.
' In all cases, the company's shares shall not be traded during the period from the date of the temporary Listing until the start of trading of these shares (after the offering), except with the approval of (FRA). The temporary Listing shall be deemed as if it did not exist, in case of the company does not implement its share offering and fulfill the conditions and requirements for final listing within six months from the date of temporary listing ,The said deadline may be extended with the approval of (FRA) in cases it deems appropriate based on the justifications and time plan that submitted by the company.
' The company must adhere, throughout the temporary Listing period to the obligations stipulated in clauses (1 to 4) of Article (48) of these rules.
' Shareholders who own (10%) or more of the company's share capital and/or their successors from among the remaining shareholders in the company shall be obligated to retain (51%) of the shares they own in the company's share capital , to be Locked 'In, and if the total shares to be Locked 'In accordingly are less than (25%) of the company's issued capital shares, the (25%) are completed from the stakes of the members of the board of directors and the founders of the company or other shareholders.
' Such Locked 'In shares shall be for a period of not less than (24) months, together with the issuance of the periodic financial statements for two fiscal years from the date of offering at the stock exchange, where the same percentage shall be (Locked 'In) in any increase in the company's capital for the same period, except for stock dividend, in implementation of item (7) of Article (7) of the Listing and Delisting Rules.
' The company's shares shall be added on the EGX's database under the sector of " Basic Resources' as of Thursday 09/04/2026 trading session.
' The company must complete the required documentation before trading in the company's shares begins.
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El Badr Investment And Development BID (BIDI.CA) - Disclosure Form Concerning the BoD & the Shareholders' Structure
Wednesday 08/04/202613:25:17 PMRead moreEl Badr Investment And Development BID (BIDI.CA) - Disclosure Form Concerning the BoD & the Shareholders' Structure
Company Name : El Badr Investment And Development BID
ISIN Code : EGS3A2Z1C015
Reuters Code : BIDI.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended on 31/03/2026 according to Article 30 of the Listing Rules.
Shareholders' Structure (3,842 KB) -
Listing the Shares of EL-Nasr Glass And Crystal -NGC in the Main Market (KNGC.CA) (Temporary Listing)
Wednesday 08/04/202613:19:14 PMRead moreListing the Shares of EL-Nasr Glass And Crystal -NGC in the Main Market (KNGC.CA) (Temporary Listing)
The Listing Committee held on 08/04/2026 has approved the following:
' Listing the shares of EL-Nasr Glass And Crystal -NGC (temporary listing) with an issued capital of EGP 100 million distributed over 10 million shares with a par value of EGP 10.00 per share represented in 4 issuances in the Egyptian Securities Listing Board (Shares) ' "Main Market", in accordance with Articles (1 bis), (6), (7) and (18) of the rules for listing and delisting securities on the Egyptian Exchange.
' the company is committed to fulfill the items (1, 2, 3) of Article (7) of the Listing Rules and complete the registration procedures with the Financial Regulatory Authority (FRA) in accordance with the rules determined by the Board of Directors of the Financial Regulatory Authority (FRA), also applying to the (EGX) to execute the offering of its shares within six months from the date of temporary listing.
' In all cases, the company's shares shall not be traded during the period from the date of the temporary Listing until the start of trading of these shares (after the offering), except with the approval of (FRA). The temporary Listing shall be deemed as if it did not exist, in case of the company does not implement its share offering and fulfill the conditions and requirements for final listing within six months from the date of temporary listing ,The said deadline may be extended with the approval of (FRA) in cases it deems appropriate based on the justifications and time plan that submitted by the company.
' The company must adhere, throughout the temporary Listing period to the obligations stipulated in clauses (1 to 4) of Article (48) of these rules.
' The company must obtain the approval of the Sinai Peninsula Development Authority in accordance with Article (4) of Decree-Law on Integrated Development in the Sinai Peninsula issued by Law No. 14 of 2012 before offering the company's shares or making them available for trading.
' The company's shares shall not be traded or dealt with during the temporary registration period except after the approval of the Authority (FRA) and the relevant authorities in accordance with Article (4) of the aforementioned law. In the event that the approval of the Sinai Development Authority is not obtained to offer the company's shares on the stock exchange, the temporary listing shall be deemed as if it did not exist and shall be null and void.
' Shareholders who own (10%) or more of the company's share capital and/or their successors from among the remaining shareholders in the company shall be obligated to retain (51%) of the shares they own in the company's share capital , to be Locked 'In, and if the total shares to be Locked 'In accordingly are less than (25%) of the company's issued capital shares, the (25%) are completed from the stakes of the members of the board of directors and the founders of the company or other shareholders.
' Such Locked 'In shares shall be for a period of not less than (24) months, together with the issuance of the periodic financial statements for two fiscal years from the date of offering at the stock exchange, where the same percentage shall be (Locked 'In) in any increase in the company's capital for the same period, except for stock dividend, in implementation of item (7) of Article (7) of the Listing and Delisting Rules.
' The company's shares shall be added on the EGX's database under the sector of " Industrial Goods, Services and Automobiles' as of Thursday 09/04/2026 trading session.
' The company must complete the required documentation before trading in the company's shares begins
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Prime Minister Witnesses Signing of Partnership Agreement Between Indorama and Misr Phosphate to Establish New Phosphate Fertilizer Plant in the Suez Canal Economic Zone
Wednesday 08/04/202612:58:55 PMRead morePrime Minister Witnesses Signing of Partnership Agreement Between Indorama and Misr Phosphate to Establish New Phosphate Fertilizer Plant in the Suez Canal Economic Zone
Dr. Mostafa Madbouly, Prime Minister, witnessed today at the government headquarters in the New Administrative Capital the signing ceremony of a partnership agreement between Indorama and Misr Phosphate to establish a new phosphate fertilizer plant in the Suez Canal Economic Zone, Ain Sokhna Industrial Area. The ceremony was attended by Petroleum Minister Eng. Karim Badawy and Walid Gamal El‑Din, Chairman of the SCZone Authority.
The agreement was signed by Eng. Mohamed Abdel Azim, Chairman of Misr Phosphate, and Mukul Agarwal, CEO of Indorama.
This partnership between Indorama Global, through its subsidiary “Indorama Holdings B.V.” based in the Netherlands, and Misr Phosphate aims to establish an integrated industrial complex for fertilizers and basic chemicals with a production capacity of 600,000 tons annually in its first phase. The investment cost for this phase is estimated at $525 million. The project will produce phosphate fertilizers and a range of related high‑quality products within the SCZone, benefiting from its strategic location and advanced infrastructure.
In this context, Walid Gamal El‑Din, Chairman of the SCZone Authority, stated that this agreement is a strategic step toward empowering the national economy and localizing chemical industries based on mineral resources. It will contribute to deepening local manufacturing and strengthening value chains, especially through cooperation with a global company of Indorama’s scale. He emphasized that the project supports the Authority’s approach to attracting high‑value investments, noting that it complements a series of projects successfully drawn to the SCZone in recent years, particularly in strategic sectors aimed at reducing the import bill and enhancing the capabilities of the national economy. -
With $525 Million Investment: Prime Minister Witnesses Signing of Indorama Egypt Fertilizers Project in the Suez Canal Economic Zone
Wednesday 08/04/202612:57:55 PMRead moreWith $525 Million Investment: Prime Minister Witnesses Signing of Indorama Egypt Fertilizers Project in the Suez Canal Economic Zone
The project provides 3,000 job opportunities … with $525 million investment for the first phase
Prime Minister witnesses signing of contract to establish “Indorama Egypt Fertilizers” project in the SCZone.
Prime Minister: The project represents a qualitative addition to Egypt’s strategic industries.
Gamal El‑Din: The project reflects the success of SCZone in attracting specialized industrial investments with high capital and technological intensity.
Dr. Mostafa Madbouly, Prime Minister, witnessed today at the government headquarters in the New Administrative Capital the signing ceremony of the Indorama Egypt Fertilizers project, to establish a new phosphate fertilizer plant in the Suez Canal Economic Zone, Ain Sokhna Industrial Area. The ceremony was attended by Petroleum Minister Eng. Karim Badawy and Walid Gamal El‑Din, Chairman of the SCZone Authority.
The contract was signed by Mostafa Shekhoun, Vice Chairman of SCZone for Investment and Promotion, and Mukul Agarwal, CEO of Indorama.
It was noted that the Indorama Egypt Fertilizers project will be built on an area of 522,000 m², with total investment estimated at $525 million for the first phase. The project will provide up to 2,500 direct jobs during the operational phase, in addition to about 500 jobs during construction.
The project aims to establish an integrated industrial complex for fertilizers and basic chemicals with a production capacity of 600,000 tons annually in the first phase. This includes phosphate fertilizers and related products such as rock phosphate, ammonia, sulfur, potash (potassium chloride), and urea, as well as specialized chemicals like zinc sulfate, boric acid/sodium borate, and sodium molybdate. The project will support agricultural and industrial supply chains, with about 80% of production directed to exports, thereby enhancing Egypt’s export capacity.
In this context, Prime Minister Madbouly emphasized that the project represents a qualitative addition to Egypt’s strategic industries, particularly in fertilizers and industries linked to mineral resources. He noted the state’s strong focus on maximizing the added value of natural resources and providing sustainable job opportunities, in line with comprehensive economic development goals.
Walid Gamal El‑Din explained that the project reflects the success of the SCZone in attracting specialized industrial investments with high capital and technological intensity. He highlighted the integration of production activities within the project, from intermediate materials to final products, which contributes to deepening local manufacturing and strengthening value chains in chemical industries based on mineral raw materials. He pointed out that the SCZone’s attractive investment environment—through advanced infrastructure, strategic location, and investment incentives—helps attract major global companies. He reaffirmed the Authority’s commitment to continue attracting more specialized investments that support its transformation into a regional and global industrial hub, in line with its strategy to enhance competitiveness, localize strategic industries, and increase exports to support the national economy. -
With $215 Million Investment: Prime Minister Witnesses Signing of Poly Serve Egypt Chemicals Project in Sokhna
Wednesday 08/04/202612:56:41 PMRead moreWith $215 Million Investment: Prime Minister Witnesses Signing of Poly Serve Egypt Chemicals Project in Sokhna
Madbouly: The government is keen to attract private sector projects with high added value.
Gamal El‑Din: The new chemicals project directly supports the petroleum services and agricultural development sectors.
Dr. Mostafa Madbouly, Prime Minister, witnessed today at the government headquarters in the New Administrative Capital the signing ceremony of the Poly Serve Egypt Chemicals project, to be established in the Integrated Sokhna Industrial Zone under the General Authority of the Suez Canal Economic Zone. The ceremony was attended by Petroleum Minister Eng. Karim Badawy and Walid Gamal El‑Din, Chairman of the SCZone Authority.
The contract was signed by Mostafa Shekhoun, Vice Chairman of SCZone for Investment and Promotion, and Mostafa El‑Gebaly, CEO of Poly Serve Egypt Chemicals.
It was noted that the Poly Serve Egypt Chemicals project will be built on an area of 650,000 m² in the Sokhna Integrated Industrial Zone, with an investment cost estimated at $215 million, 40% of which is self‑financed. The project will have a production capacity of 3.5 million tons annually and will provide about 500 direct job opportunities.
Poly Serve is an Egyptian company with diversified activities including mining, fertilizer production, and various chemical industries: basic chemicals, nitrogen fertilizers and compounds, extraction of stones, sand, and clay, extraction of chemical minerals and fertilizers, production of sulfuric and phosphoric acid, and specialized and compound fertilizers.
Following the signing ceremony, Prime Minister Madbouly emphasized that localizing such industries has a significant impact on the national economy, reducing the import bill and boosting Egyptian exports abroad. He noted that the vigorous efforts of the SCZone provide strong incentives for investors by offering a favorable business environment. He stressed that the Egyptian government continues to support private sector projects with high added value, pointing out that these industries deepen local content in manufacturing and enhance the competitiveness of Egyptian products in regional markets.
For his part, Walid Gamal El‑Din explained that the new chemicals project represents direct support for the petroleum services and agricultural development sectors. He affirmed that the SCZone is increasingly focused on diversifying the investments it attracts to achieve economic integration in line with the Authority’s strategic vision, which aims to localize industry, transfer technology, and strengthen logistics and service activities across 21 diverse sectors. He highlighted the SCZone’s unique strategic location on both sides of the Suez Canal, enabling full access to regional and international markets. He also pointed out that the Authority’s seaports on the Mediterranean and Red Seas, integrated with its industrial zones, provide effective solutions to overcome challenges facing global trade and supply chains. He further emphasized the vital role of skilled technical labor as one of the key competitive advantages offered to investors. -
General Summary of Key Company News in the Egyptian Stock Exchange and Major Economic Updates
Wednesday 08/04/202612:54:38 PMRead moreGeneral Summary of Key Company News in the Egyptian Stock Exchange and Major Economic Updates
The Egyptian Stock Exchange revealed the most prominent data and disclosures of some companies during today’s session, April 8, 2026. The highlights were as follows:
Egyptian International Pharmaceutical Industries – EIPICO announces cash dividend of EGP 3.50 per share
EIPICO announced dividend No. (40) at EGP 3.500 per share, to be paid in two installments:
• First installment: EGP 1.50, payable starting April 30, 2026.
• Second installment: EGP 2.00, payable starting September 30, 2026.
Shareholders of record until the end of Monday’s session, April 27, 2026, are entitled to the dividend.
Major Economic News:
Prime Minister follows up on the financial position of the Egyptian Unified Procurement Authority and settlement of supplier dues
Dr. Mostafa Madbouly, Prime Minister, held a meeting to review the financial status of the Unified Procurement Authority and updates on settling supplier payments.
Prime Minister witnesses signing of partnership between Indorama and Misr Phosphate to establish new phosphate fertilizer plant in Suez Canal Economic Zone
The signing ceremony took place in Ain Sokhna Industrial Zone, attended by Petroleum Minister Karim Badawy and Walid Gamal El-Din, Chairman of the SCZone Authority.
With $525 million investment: Prime Minister witnesses signing of Indorama Egypt Fertilizers project in SCZone
The project involves building a new phosphate fertilizer plant in Ain Sokhna Industrial Zone, with total investment of $525 million for the first phase.
With $215 million investment: Prime Minister witnesses signing of Poly Serve Egypt Chemicals project in Sokhna
The project will be established on 650,000 m² in Sokhna Integrated Industrial Zone, with investment cost of $215 million.
Coordination meeting with Ministers of Agriculture and Supply and CEO of Future Egypt Authority to discuss increasing strategic reserves and developing commodity exchange
Meeting aimed at enhancing coordination among stakeholders to strengthen Egypt’s food security triangle: production, distribution, and strategic stock management.
Minister of Investment and Foreign Trade discusses maximizing asset returns and expansion in Africa with Holding Company for Tourism and State-Owned Enterprises Unit
Meeting addressed development of tourism assets and mechanisms for efficient project implementation.
Minister of Investment and Foreign Trade holds meeting to follow up on performance indicators and work plans of affiliated authorities
Meeting included leaders of the ministry, General Authority for Investment, Exhibition Authority, Trade Representation Organization, Cotton Arbitration Authority, Trade Agreements Sector, and Foreign Trade Training Center.
Minister of Electricity: EGP 13.1 billion investments and 224.64 billion kWh generated
Minister Mahmoud Esmat confirmed ongoing work under the ministry’s strategy. Chairman of the Egyptian Electricity Holding Company, Eng. Gaber Desouki, reported investments of EGP 13.1 billion in FY 2024/2025, with generated energy reaching 224.64 billion kWh.
Minister of Tourism and Antiquities meets Visa Egypt, Libya, and Sudan Director to discuss strategic partnership
Minister Sherif Fathy met Malak El-Baba, VP and Country Manager of Visa Egypt, Libya, and Sudan, and Sherihan Bekhit, Government Relations Director for NE Africa and the Arab East.
Minister of Petroleum: Incentives revived oil and gas investment and resolved partner dues issue permanently
Minister Karim Badawy confirmed success in resolving accumulated dues that had hindered investment flows and reduced production rates.
Minister of Planning meets UNDP Resident Representative to discuss cooperation in energy, digital transformation, and data systems
Minister Ahmed Rostom met Chitose Noguchi to explore joint cooperation supporting sustainable development.
Minister of Transport announces arrival of three giant quay cranes and six yard cranes at Safaga Port
Arrival supports infrastructure works at Safaga 2 multipurpose terminal, part of Egypt’s plan to transform into a regional hub for transport, logistics, and transit trade.
Minister of Communications meets Microsoft executives to enhance AI applications partnership
Minister Raafat Hindi met Naeem Yazbek, Microsoft MEA President, and delegation to discuss AI collaboration.
Minister of Supply meets MPs and Senators
Weekly meeting with parliamentarians to strengthen political communication and review citizen needs.
Minister of Health participates in presidential session of One Health Conference in Lyon, France
Attended by French President Emmanuel Macron, heads of state, ministers, and international health organizations.
Minister of Health meets French counterpart to strengthen cooperation in healthcare
Meeting with Dr. Stéphanie Rist, French Minister of Health, Family, Autonomy, and Disability.
Minister of Health meets Sanofi to localize vaccine production and support health security
Discussions with Sanofi leadership during One Health Summit in Lyon.
Minister of Health meets Tunisian counterpart to enhance bilateral cooperation
Meeting with Dr. Mostafa Farjani, Tunisian Minister of Health.
Minister of Health calls for expanding Africa–Europe cooperation on One Health approach
Participated in roundtable on resilient systems during One Health Summit in Lyon.
Minister of Housing follows up on implementation of “Housing for All Egyptians” units in 15 May, Sadat, Hadayek Al‑Ashr, and New Obour Cities
Reviewed progress of presidential housing initiative projects.
Minister of Housing meets HDP Company officials to follow up on marketing plans and boost sales of new city projects
Meeting with Tameer & Housing Development Company to discuss sales and investment opportunities.
Minister of Industry meets Federation of Egyptian Industries and Handicrafts Chamber to support handicraft and heritage industries
Meeting chaired by Minister Khaled Hashem with Mohamed El‑Sewedy and Mohamed Sakr.
Central Bank withdraws liquidity worth EGP 58.8 billion in open market auction
Five banks participated; interest rate settled at 19.5%.
Central Bank directs banks to tighten oversight of credit reports
New rules require accurate reporting of credit facilities to accredited credit bureaus.
Food Export Council organizes seminar on EU packaging regulation requirements and impact on Egyptian exports
Online seminar titled “EU Packaging Regulation Requirements: Challenges to Opportunities.”
Egyptian–Dutch partnership: MSMEDA signs cooperation agreement with Outreach Egypt to expand non‑financial services
Agreement under Orange Corners Egypt program to support entrepreneurship.
Egyptian Drug Authority Chairman discusses $250 million investment with Triumph Junheng (China) to localize pharmaceutical borosilicate glass production
Meeting with company CEO Wang Xiaoxuan to establish integrated project for high‑quality pharmaceutical packaging glass.
Suez Canal Authority Chairman Rabie discusses cooperation with Port Said Governor on development and service projects
Meeting covered Dome Building restoration, ferry system development, and new floating bridges. -
Release from Egyptian Financial & Industrial (EFIC.CA) Concerning the ESG Report
Wednesday 08/04/202612:35:28 PMRead moreRelease from Egyptian Financial & Industrial (EFIC.CA) Concerning the ESG Report
Company Name : Egyptian Financial & Industrial
ISIN Code : EGS38381C017
Reuters Code : EFIC.CA
Content :
Release from the company regarding the annual report on disclosure practices related to environmental, social, and governance (ESG) practices for 2025.
ESG Report (9,068 KB) -
Continuous Decline in Oil Prices as Brent Crude Falls Below $100
Wednesday 08/04/202611:38:50 AMRead moreContinuous Decline in Oil Prices as Brent Crude Falls Below $100
Source: MENA
Tokyo (MENA)
Global oil prices continued their sharp decline during Wednesday’s trading, dropping below the $100 per barrel mark. The fall was influenced by U.S. President Donald Trump’s announcement of a ceasefire with Iran, along with Tehran’s pledge to reopen the Strait of Hormuz under military management, easing fears of a major military escalation in the region.
Brent Crude and U.S. Futures Decline
Brent crude fell by 14.4% to $93.48 per barrel, while U.S. crude futures dropped by 14.7% to settle at $96.27 per barrel, still above pre‑crisis levels.
This decline followed President Trump’s decision to suspend potential military strikes against Iran, conditional on Tehran’s agreement to a two‑week ceasefire and reopening of the strait.
Iran’s Approval and Resumption of Talks
The Iranian National Security Council announced its approval of the temporary truce and declared that peace negotiations with the United States would begin in Islamabad, Pakistan, next Friday.
Economic experts view the truce as a temporary way out of military escalation, but not necessarily a guarantee of lasting stability in energy markets. Analysts noted that fully resuming oil and LNG production requires greater confidence in the durability of the agreement, stressing that the real test lies in whether upcoming negotiations can secure a safe shipping corridor for insurers and tanker operators through the Strait of Hormuz.
It is worth noting that global energy markets had seen sharp increases since late February, following heightened military tensions that led to an almost complete closure of the Strait of Hormuz, a vital waterway through which about one‑fifth of the world’s oil and gas supplies pass. -
Chairman of the Suez Canal Authority, Rabie, Discusses Cooperation with Port Said Governor on Development and Service Projects
Wednesday 08/04/202611:37:27 AMRead moreChairman of the Suez Canal Authority, Rabie, Discusses Cooperation with Port Said Governor on Development and Service Projects
And inspects the Authority’s work sites, following up on the construction of two floating bridges in Port Said.
Modernization of the Authority’s ferry fleet in line with presidential directives to improve citizen services and support tourism needs.
Establishment of 20 fish cages for farming sea bream and seabass in East Port Said.
Significant progress in aluminum launch production at the Port Said Engineering & Marine Construction Company.
Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, met with Major General Ibrahim Ahmed Abu Limon, Governor of Port Said, in the presence of Vice Chairman Lt. Gen. Ashraf Atwa, Deputy Governor Dr. Amr Othman, members of the Authority’s Board, and local leaders, at the Port Said Governorate headquarters.
The meeting discussed ongoing projects, most notably the restoration of the Dome Building, development of the ferry system, and increasing crossing points through new floating bridges. Rabie expressed his eagerness to strengthen cooperation with Port Said Governorate across shared priorities, reinforcing the Authority’s social responsibility role in the three Canal cities.
Governor Abu Limon affirmed the governorate’s commitment to providing all necessary support to ensure the success of these projects, highlighting their importance in improving quality of life, easing movement between Port Said and Port Fouad, and supporting current and future urban expansion plans. He praised the fruitful cooperation with the Suez Canal Authority in advancing development projects.
Rabie then toured several Authority work sites in Port Said to monitor progress and service levels.
Floating Bridges: He inspected construction of the new Nasr floating bridge, parallel to the existing one, with five metal pontoons already completed under the supervision of Port Said Shipyard. Civil works are being carried out by Canal Ports & Major Projects Company. The bridge is scheduled to open in the second half of May 2026.
Ferries: He visited the ferry terminal in Port Fouad, reviewing upgrades to Sinai 4, the first ferry to be modernized under presidential directives to improve crossing services and support tourism.
New Floating Bridge Project: At the main ferry square, he inspected plans for a new floating bridge to enhance connectivity between Port Said and Port Fouad. The bridge will have eight times the capacity of a single ferry, reduce waiting times, operate in all weather conditions, and consume only 5% of the fuel required by a ferry, making it more sustainable.
Administrative Buildings: He inspected new administrative facilities in East Port Said, including a three‑story headquarters with 60 offices, and praised the quality of civil and engineering works.
Fish Farming: He visited the fish cage project in East Port Said, comprising 20 cages (12‑meter diameter each) for farming sea bream and seabass, with a targeted output of 120 tons annually.
Aluminum Launches: At the Port Said Engineering & Marine Construction Company, he reviewed aluminum launch production. The company has completed 11 launches, is finishing fittings for another 11, and is building 5 more to be completed by the end of 2026. He also checked the company’s new site in Aswan, where it maintains floating hotels, including the Kasr Ibrim hotel boat.
Rabie concluded by commending the workers for their dedication and urging them to continue meeting production targets while conserving energy and safeguarding the Authority’s assets. -
Red Sea Ports Handle 20,000 Tons and 1,000 Trucks of General and Miscellaneous Cargo
Wednesday 08/04/202611:36:05 AMRead moreRed Sea Ports Handle 20,000 Tons and 1,000 Trucks of General and Miscellaneous Cargo
The Media Center of the Red Sea Ports Authority announced today, Wednesday, April 8, 2026, that a total of 10 ships were docked at the authority’s berths. Cargo operations recorded 20,000 tons of goods, 1,000 trucks, and 103 cars.
Imports: 4,000 tons of goods, 420 trucks, and 75 cars.
Exports: 16,000 tons of goods, 581 trucks, and 28 cars.
Safaga Port today received the ferry Amal, while yesterday it received three ships: PELAGOS EXPRESS, Amal, and Al‑Hurriya 2. Three ships departed: PELAGOS EXPRESS, Pan LiLi, and Al‑Hurriya.
At Nuweiba Port, 4,800 tons of goods and 337 trucks were handled through shuttle trips of four ships: Al‑Hussein, Or, Sina, and Ayla.
The Authority’s ports also recorded the arrival and departure of 2,600 passengers. -
Cabinet Media Center: Central Bank Reveals Key Methods of Electronic Fraud and How to Prevent Them
Wednesday 08/04/202611:34:21 AMRead moreCabinet Media Center: Central Bank Reveals Key Methods of Electronic Fraud and How to Prevent Them
The Cabinet’s Media Center published an awareness video by the Central Bank of Egypt on its social media platforms, highlighting the most prominent methods and risks of electronic fraud and ways to prevent them. This comes within the state’s ongoing efforts to protect those dealing with the banking sector.
The video is part of an awareness campaign aimed at raising citizens’ digital literacy, introducing them to new methods of electronic fraud, and providing practical guidelines to help secure their personal and financial data.
In the video, Mr. Mostafa Khidr, Director General of the Central Administration for Combating Fraud and Financial Crimes at the Central Bank of Egypt, explained that one of the most common and recent practices is social engineering techniques. Examples include a fraudster calling a customer under the pretext of updating their bank account data, or sending an SMS with a fake link to claim a pending shipment.
Khidr added that fraud also includes fake messages attributed to the bank containing false links for redeeming points or promotional offers. Once accessed, these links steal the customer’s data. He also pointed out new fraud patterns through messaging apps such as WhatsApp, where hacked numbers of relatives or friends request immediate money transfers or card details, as well as scams claiming to assist pensioners in withdrawing pensions to seize their cards and withdraw funds.
He stressed that if a citizen is exposed to any fraud attempt, they must immediately stop communicating with the fraudster, keep all data and correspondence as evidence, contact their bank directly to block the account or card, and quickly report the incident to law enforcement authorities.
Khidr offered several tips:
Banks never request confidential data; any such request is a fraud attempt.
Do not disclose personal information to anyone.
Read one-time password (OTP) messages carefully and never share them.
Do not keep the PIN with the bank card.
He emphasized that the state takes fraud incidents very seriously. The Central Bank Law guarantees the confidentiality of customer data and transactions and imposes strict penalties for any illegal disclosure. He confirmed the continuous effort to develop the legislative and regulatory framework to strengthen citizens’ trust in the banking sector and safeguard their funds.
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Taxes Authority: Second Package of Tax Facilities Supports Infrastructure Projects
Wednesday 08/04/202611:33:19 AMRead moreTaxes Authority: Second Package of Tax Facilities Supports Infrastructure Projects
Source: Youm7
Reduction of VAT on medical devices and extension of VAT suspension on machinery and equipment
New financing incentives for those joining the simplified tax system and development of digital tax services
In line with directives from Minister of Finance Ahmed Kojak to expand tax facilities and strengthen communication channels with the business community, Rasha Abdel‑Aal, Head of the Egyptian Tax Authority, confirmed that the second package of tax facilities continues the path of tax reform pursued by the Ministry of Finance. The aim is to balance support for economic activity with simplification of the tax system and consolidation of partnership with the business community.
She explained that the positive results achieved from the first package of tax facilities, launched under the slogan “A New Chapter,” contributed to raising voluntary compliance rates and provided momentum for launching the second package. This package was presented for community dialogue with development partners, including the business community, chambers of commerce, the Federation of Industries, and professional associations, to hear their views and proposals and address challenges, thereby enhancing trust and transparency in tax administration.
The second package includes several measures and legislative amendments supporting vital sectors. Among them:
Amending the VAT law to apply a reduced 5% VAT rate on medical devices instead of 14%, while exempting inputs, parts, and supplies for dialysis equipment and kidney filters from VAT, supporting the health sector and easing burdens on citizens.
Extending the suspension of VAT on machinery, equipment, and medical devices used in industrial production for up to four years, subject to acceptable justifications.
Excluding services performed on goods and services in transit from VAT, provided they are transported under Customs Authority supervision, to support and stimulate transit trade in Egypt.
Subjecting household soaps and industrial detergents to the general VAT rate of 14% instead of the schedule tax, while allowing deduction of VAT on all production inputs, aligning with international best practices and ensuring tax fairness.
The package includes 26 items aimed at improving tax service quality and enhancing procedural efficiency. Among them is the launch of the Tax Excellence Card, granting compliant taxpayers fast‑track service and priority access to specialized services, provided through the Advance Ruling Unit, Investor Support Unit, and expedited VAT refund procedures.
It also involves developing the central clearing system to allow electronic offsetting between credit and debit balances of taxpayers, simplifying settlement procedures and reducing transaction time. A comprehensive guide for tax treatment of exported services will also be issued in line with international standards.
As part of digital transformation, the Authority is launching a mobile application for real estate transaction tax, enabling registration, tax calculation, electronic payment, and easy issuance of clearance. Additionally, an electronic consultation platform will be introduced to collect business community feedback before issuing tax decisions affecting their activities.
Rasha Abdel‑Aal revealed that the Ministry of Finance has also introduced a new financing incentive for enterprises and companies joining the simplified tax system, with annual turnover not exceeding EGP 20 million. This incentive is provided in coordination with the Small and Medium Enterprises Development Agency, supporting small and micro‑projects and encouraging them to join the formal economy.
She further announced the establishment of specialized tax service centers in several cities, including New Cairo, New Alamein, and Sheikh Zayed, to provide integrated tax services through fast‑track procedures and trained teams, embodying the “one‑stop shop” concept and enhancing taxpayer experience.
The Head of the Egyptian Tax Authority affirmed that the Authority is committed to implementing the Minister of Finance’s vision to develop the tax system by easing burdens on taxpayers, strengthening trust and partnership with the business community, and building a stable, investment‑friendly tax environment that supports the national economy and achieves sustainable development.
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Damietta Port Receives 8,071 Tons of Wheat and 14,802 Tons of Corn in the Past 24 Hours
Wednesday 08/04/202611:32:08 AMRead moreDamietta Port Receives 8,071 Tons of Wheat and 14,802 Tons of Corn in the Past 24 Hours
The Media Center of the Damietta Port Authority issued a statement today, Wednesday, April 8, 2026, announcing that the port received 7 ships over the past 24 hours, while 9 ships departed. The total number of ships currently at the port reached 28.
The movement of general cargo exports amounted to 38,033 tons, including:
11,500 tons of urea
6,900 tons of beet pulp
2,100 tons of salt
17,533 tons of miscellaneous goods
The movement of general cargo imports totaled 47,332 tons, including:
8,071 tons of wheat
1,111 tons of beech wood
9,948 tons of scrap
4,400 tons of iron
14,802 tons of corn
9,000 tons of soybeans
Container traffic included 1,173 exported TEUs, 165 imported TEUs, and 3,730 transit TEUs.
The public sector grain silos at the port held a wheat stock of 25,410 tons, while private sector warehouses contained 26,002 tons.
Additionally, one train departed carrying a total of 1,224 tons of wheat bound for silos in Qalyubia. Truck traffic in and out of the port recorded 6,087 movements. -
Export Development Bank of Egypt Raises Credit Card Portfolio to EGP 1.2 Billion by End of 2025
Wednesday 08/04/202611:31:16 AMRead moreExport Development Bank of Egypt Raises Credit Card Portfolio to EGP 1.2 Billion by End of 2025
Source: Al‑Mal
The Export Development Bank of Egypt (EBank) announced the launch of a comprehensive and innovative package of banking services and products aimed at creating a fundamental transformation in customer experience in the Egyptian market.
This step comes supported by strong results achieved by the bank at the end of 2025, as credit card portfolio limits jumped to EGP 1.2 billion.
Credit card usage recorded significant growth of 48%, reaching about EGP 412 million by the end of 2025 compared to around EGP 279 million the previous year. This growth was driven by an expanded customer base and diversified offers and marketing programs provided by the bank, amid rapid growth in digital services and solutions.
EBank announced the enhancement of its card portfolio, which includes:
USD Debit Card for managing international transactions,
World Credit Card offering exclusive benefits for travelers,
Platinum Debit Card designed to meet the needs of different customer segments.
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Minister of Housing Follows Up on Implementation of “Housing for All Egyptians” Units in 15 May, Sadat, Hadayek Al‑Ashr, and New Obour Cities
Wednesday 08/04/202611:29:28 AMRead moreMinister of Housing Follows Up on Implementation of “Housing for All Egyptians” Units in 15 May, Sadat, Hadayek Al‑Ashr, and New Obour Cities
Engineer Randa El‑Menshawy emphasized the need to continue driving project implementation rates.
She reviewed the execution status of the presidential initiative “Housing for All Egyptians” in the cities of 15 May, New Obour, Hadayek Al‑Ashr (Gardens of 10th of Ramadan), and Sadat.
The Minister stressed the importance of maintaining momentum in project delivery to provide suitable housing worthy of Egyptian citizens, underlining the need for intensified on‑site monitoring, adherence to the highest standards of quality and efficiency, and swift completion of works according to set timelines, with no tolerance for shortcomings.
She received a report on an inspection tour conducted by Eng. Ammar Mandour, Deputy Head of the Authority for Development and Construction, in 15 May City, accompanied by city officials. The tour reviewed the progress of medium‑income housing projects under the initiative, including ongoing construction of residential buildings, infrastructure works, and site coordination.
The report noted that 91 buildings are under construction, comprising 2,184 housing units in the “middle‑income” track, in the Narges area and the 290‑feddan extension. In addition, 465 buildings are being built, containing 11,160 housing units, each with an area of 90 m².
The report also covered the situation in New Obour City, where Eng. Mahmoud Murad, Head of the City Authority, inspected housing and infrastructure projects in districts 15 and 16. District 15 includes about 705 residential buildings, while District 16 has 433 buildings. The visit monitored construction and finishing works, as well as road grading, curb and interlock installation, and general site coordination, ensuring work is proceeding regularly.
Officials also inspected the Green Housing Project in District 13 of New Obour, which includes 180 buildings with 3,924 housing units. They followed up on construction and exterior finishing, along with integrated utilities such as drinking water, sewage, irrigation, and electricity networks, plus landscaping and site coordination. Strict measures are being taken against non‑compliant contractors.
Similarly, officials in Hadayek Al‑Ashr City monitored housing and infrastructure projects to meet urban development targets and provide a fully integrated environment for residents. Eng. Ahmed Mohamed Abdel‑Razek, Head of the City Authority, inspected the Green Housing Project in Phase 5 of the initiative, reviewing progress on utilities and exterior finishing, as well as site coordination along SR3 road, interlock paving on R4, R5, and R7 roads, and landscaping, planting, and lighting of entrances and green areas.
Meanwhile, Eng. Mohamed Adel Anwar, Head of Sadat City Authority, held an extensive meeting with contractors for Phase 6 of the Green Housing Project under the initiative. The project includes 82 buildings with a total of 1,968 housing units, with notable progress reported in completion rates. -
Minister of Investment and Foreign Trade Discusses Opportunities with Holding Company for Tourism and State-Owned Enterprises Unit to Maximize Asset Returns and Expand in Africa
Wednesday 08/04/202611:27:52 AMRead moreMinister of Investment and Foreign Trade Discusses Opportunities with Holding Company for Tourism and State-Owned Enterprises Unit to Maximize Asset Returns and Expand in Africa
Dr. Mohamed Farid Saleh:
Maximizing returns from assets is no longer optional but a necessity to enhance the efficiency of the national economy.
Expansion into the African continent is a “strategic path” to increase Egypt’s exports.
Partnership with the private sector is the key to implementing fast and effective projects aligned with the state’s vision.
As part of an institutional effort aimed at improving the efficiency of state resource management and stimulating the growth of service exports, Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, held a meeting with Dr. Hashem El-Sayed, Assistant Prime Minister and Head of the State-Owned Enterprises Unit at the Cabinet, Dr. Emad El-Din Mostafa, Director of Corporate Restructuring, as well as Mr. Magid El-Menshawy, Chairman of the Holding Company for Tourism, and Mr. Amr Attia, Managing Director.
The meeting addressed the development of tourism assets and maximizing their utilization, in addition to discussing mechanisms for coordination among relevant entities to support more efficient project implementation.
Dr. Farid emphasized that enhancing the efficiency of managing state-owned assets is a strategic goal that requires creating advanced partnership models with the private sector to ensure rapid execution and open new investment horizons in vital sectors. This, he noted, would help transform these assets into productive capacities that support GDP growth.
The Minister stressed that the tourism sector and its related services have immense potential to contribute to the growth of service exports. He particularly highlighted that expansion into African markets represents a central focus for the ministry in the coming phase, especially in education, tourism, and technical services. He affirmed that integration between state agencies and holding companies will facilitate the mission of Egyptian companies in seizing promising investment opportunities across the continent.
Dr. Farid further explained that the current stage requires formulating an unconventional promotional vision for projects, one that essentially involves engaging major companies and experienced players in the tourism sector to market available opportunities and ensure the best possible outcomes.
For his part, Dr. Hashem El-Sayed, Assistant Prime Minister and Head of the State-Owned Enterprises Unit, confirmed that the unit is working closely with the Ministry of Investment and holding companies to provide necessary support in restructuring processes and developing business models. He noted that current efforts are focused on establishing an institutional framework that ensures transparency and enhances resource management efficiency, thereby increasing the attractiveness of affiliated companies to both local and international investments.
Meanwhile, officials from the Holding Company for Tourism presented a package of technical proposals related to the development of historical and hotel assets under its management, with a focus on revival projects for distinguished facilities. They also discussed opportunities to expand into new activities that would support the sector in the coming period, expressing their eagerness to cooperate with the Ministry of Investment and Foreign Trade to support the development of these projects and maximize the economic returns from available assets. -
President Abdel Fattah El-Sisi Holds Meeting to Review Energy Projects
Wednesday 08/04/202611:26:26 AMRead morePresident Abdel Fattah El-Sisi Holds Meeting to Review Energy Projects
President Abdel Fattah El-Sisi met today with Prime Minister Dr. Mostafa Madbouly, Minister of Electricity and Renewable Energy Eng. Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Eng. Karim Badawy.
The official spokesperson for the Presidency stated that the meeting reviewed the status of projects in the field of new and renewable energy, as well as the capacities targeted to be added from wind energy, solar energy, and battery storage systems for the national electricity grid, in line with the Energy Strategy 2030. The meeting also discussed the additional capacities already contracted and those currently under negotiation, to ensure strengthening the stability of the national grid and meeting the growing demand for energy.
Ambassador Mohamed El-Shennawy, the official spokesperson, added that the Minister of Electricity and Renewable Energy indicated that the current year, 2026, will witness the addition of 2,500 megawatts of renewable energy connected to the unified grid, enhancing the sustainability and stability of the national electricity system. He highlighted efforts to improve the efficiency of production units, reduce reliance on fossil fuels, and achieve a balanced energy mix, stressing that the focus is on revising the energy strategy so that renewable sources meet at least 42% of Egypt’s energy needs by 2030 at the latest.
Meanwhile, the Minister of Petroleum and Mineral Resources presented the efforts being made to settle the dues of companies operating in Egypt, in implementation of the President’s directives to pay all arrears before the end of June 2026. He also reviewed the discoveries achieved, the added reserves of oil and gas, the exploratory and developmental drilling plan for 2026, and the efforts to rationalize and reduce consumption of petroleum products and natural gas.
The spokesperson noted that the President emphasized the need for carefully planned expansion in new and renewable energy projects, reducing reliance on conventional fuels, and creating a balanced energy mix—reflecting Egypt’s ambition to become a leading regional hub for green energy. The President also directed continued integration between the Ministries of Electricity and Renewable Energy, Petroleum and Mineral Resources, and Finance, to accelerate the introduction of additional clean energy capacities and secure the necessary financing, with the aim of ensuring grid stability and optimal use of available resources to meet development requirements.
Finally, the President reviewed the measures being taken to address the repercussions of regional circumstances, particularly regarding securing electricity supply, ensuring continuity and availability of power for all uses, improving energy efficiency in the industrial sector, and implementing the summer action plan with preparations to handle increased loads and consumption. -
Trading of Insiders, Major Shareholders & Their Related Parties on Listed Companies: Trading Session 07/04/2026
Wednesday 08/04/202610:29:28 AMRead moreTrading of Insiders, Major Shareholders & Their Related Parties on Listed Companies: Trading Session 07/04/2026
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The Arab Ceramic CO.- Ceramica Remas (CERA.CA) - AGM Minutes (before Certification)
Wednesday 08/04/202610:26:13 AMRead moreThe Arab Ceramic CO.- Ceramica Remas (CERA.CA) - AGM Minutes (before Certification)
Company Name : The Arab Ceramic CO.- Ceramica Remas
ISIN Code : EGS3C151C015
Reuters Code : CERA.CA
Content :
AGM minutes before certification held on 31/03/2026.
Assembly Date : 31/03/2026
AGM Minutes (before Certification) (2,120 KB) -
Release from Juhayna Food Industries (JUFO.CA) Regarding the Invitation to the Extraordinary General Assembly
Wednesday 08/04/202610:17:59 AMRead moreRelease from Juhayna Food Industries (JUFO.CA) Regarding the Invitation to the Extraordinary General Assembly
Company Name : Juhayna Food Industries
ISIN Code : EGS30901C010
Reuters Code : JUFO.CA
Content :
With reference to the announcement published on trading screens on 06/04/2026 regarding the invitation to the extraordinary general assembly scheduled to be held on 28/04/2026, a statement has been received from the company concerning Article (4) before and after the amendment.
Release from the Company (453 KB) -
Egyptian Chemical Industries (Kima) (EGCH.CA) - AGM Minutes (before Certification)
Wednesday 08/04/202610:06:18 AMRead moreEgyptian Chemical Industries (Kima) (EGCH.CA) - AGM Minutes (before Certification)
Company Name : Egyptian Chemical Industries (Kima)
ISIN Code : EGS38201C017
Reuters Code : EGCH.CA
Content :
AGM minutes before certification
Assembly Date : 31/03/2026
The AGM Minutes (before Certification) (15,669 KB) -
Release from Edita Food Industries S.A.E (EFID.CA) Regarding ESG & TCFD Reports
Wednesday 08/04/202610:01:07 AMRead moreRelease from Edita Food Industries S.A.E (EFID.CA) Regarding ESG & TCFD Reports
Company Name : Edita Food Industries S.A.E
ISIN Code : EGS305I1C011
Reuters Code : EFID.CA
Content :
Release from the company regarding the annual report on the disclosure of financial disclosure practices related to climate change TCFD and environmental, social, and governance practices related to sustainability ESG for the year 2025.
The ESG & TCFD Reports in Arabic & English (2,186 KB) -
Ismailia National Food Industries (INFI.CA) - Disclosure Form for the BoD & the Shareholders' Structure
Wednesday 08/04/202609:54:18 AMRead moreIsmailia National Food Industries (INFI.CA) - Disclosure Form for the BoD & the Shareholders' Structure
Company Name : Ismailia National Food Industries
ISIN Code : EGS01041C010
Reuters Code : INFI.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended on 31/03/2025 according to Article 30 of the Listing Rules.
Disclosure Form for the BoD & the Shareholders' Structure (3,111 KB)
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جي بي آي للنمو العمرانيGPI FOR URBAN GROWTH (GPIM.CA) - Disclosure Form for the BoD & the Shareholders' Structure
Wednesday 08/04/202609:50:41 AMRead moreجي بي آي للنمو العمرانيGPI FOR URBAN GROWTH (GPIM.CA) - Disclosure Form for the BoD & the Shareholders' Structure
Company Name : جي بي آي للنمو العمرانيGPI FOR URBAN GROWTH
ISIN Code : EGS213S1C010
Reuters Code : GPIM.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended on 31/03/2026 according to Article 30 of the Listing Rules.
Disclosure Form for the BoD & the Shareholders' Structure (960 KB) -
Oriental Weavers (ORWE.CA) - AGM Minutes (before Certification)
Wednesday 08/04/202609:46:49 AMRead moreOriental Weavers (ORWE.CA) - AGM Minutes (before Certification)
Company Name : Oriental Weavers
ISIN Code : EGS33041C012
Reuters Code : ORWE.CA
Content :
AGM minutes before certification
Assembly Date : 02/04/2026
AGM Minutes (1,798 KB) -
International Business Corporation For Trading and Agencies (IBCT.CA) - Board of Directors' Meeting Minutes (SMEs Market)
Wednesday 08/04/202609:37:40 AMRead moreInternational Business Corporation For Trading and Agencies (IBCT.CA) - Board of Directors' Meeting Minutes (SMEs Market)
Company Name : International Business Corporation For Trading and Agencies
ISIN Code : EGS550K1C019
Reuters Code : IBCT.CA
Content :
The Board of Directors' meeting minutes held on 07/04/2026 concerning the unaudited financial results for the period ended 31/12/2026.
The BoD Meeting Minutes (1,761 KB) -
Proofs of concept show industry ready for contactless travel: IATA
Wednesday 08/04/202609:23:04 AMRead moreProofs of concept show industry ready for contactless travel: IATA
tradearabia
Successful digital identity proofs of concept (PoCs) have proved that contactless, biometric-enabled international travel is achievable with digital identity replacing paper documentation, said International Air Transport Association (IATA).
The PoCs were completed with the support of airlines, airports, technology providers, and governments across Europe and Asia-Pacific.
Working together as part of the IATA Strategic Partnerships Program, the partners tested how digital identity stored in mobile wallets and biometric verification can support seamless passenger journeys without repeated paper document checks.
Importantly, the PoCs demonstrated that interoperability of systems is sufficiently advanced to support contactless journeys involving multiple carriers and using different digital identity wallets (including Digital ID in Apple Wallet for US Passport holders, and Google ID Pass for UK and US passport holders) as well as national digital identity programs such as India’s Digi Yatra. This includes enabling passengers to securely share identity data in advance to facilitate their travel.
The PoCs were designed using the IATA Contactless Travel Directory, IATA’s One ID standards and ISO, OpenID, and W3C international standards.
“We have proven that digital identity for international travel works securely and efficiently. For travellers to benefit from this important modernisation, governments must accelerate efforts to issue and accept Digital Travel Credentials (DTCs) — secure digital versions of passports. The result will be stronger security, smoother journeys, and greater efficiency,” said Willie Walsh, IATA’s Director General.
What the PoCs proved:
* Wallet-based digital identity solutions work, including global and national wallets, were successfully used in live airline environments.
* Digital identity data can be securely shared ahead of travel, with user consent, enabling pre-travel checks and reducing repeated document handling.
* Biometric verification can replace manual paper document checks at airport touchpoints, allowing passengers to move through checkpoints securely and seamlessly.
* A single digital identity can be reused across the journey, enabling a seamless, contactless “tap-and-go” experience.
* Interoperability can be achieved across borders, enabling systems operated by airlines, airports, and governments to work seamlessly together.
From PoCs to global adoption
These PoCs demonstrated travellers can use a secure digital identity to share only the data required for travel, enrol remotely in a digital identity system, and verify themselves biometrically at airport touchpoints to complete their journey without presenting a physical passport or boarding pass.
Achieving this on a global scale will require coordinated action by governments in three critical areas:
* Prepare to issue: Establish the legal, operational and technical foundations to issue Digital Travel Credentials (DTCs) — secure digital versions of passports — as part of national digital identity programs.
* Be Ready to accept: Ensure border, visa and travel-authorization systems are ready to accept and verify DTCs issued by other states.
* Plan for scale: Work with industry, other governments and international organizations to enable the interoperable use of DTCs at a global scale.
“Secure digital versions of passports—Digital Travel Credentials (DTCs)—will make travel more secure and more efficient. By sharing identity data in advance, checks can be completed earlier, reducing the need for document checks at airports and cutting queues. Industry collaboration has shown digital identity works in practice. The next step is for governments to put the frameworks in place to integrate digital identity into global travel processes,” said Walsh, -
Kuwait's Alshaya Group acquires Starbucks franchise in Greece and Cyprus
Wednesday 08/04/202609:17:18 AMRead moreKuwait's Alshaya Group acquires Starbucks franchise in Greece and Cyprus
tradearabia
Alshaya Group, a leading Kuwaiti business conglomerate and one of the world’s leading brand franchise operators, today (April 8) announced that it has acquired the Starbucks Greece & Cyprus licensed business, becoming the new exclusive owner and operator of the business.
It was formerly operated by Marinopoulos family and led by Managing Director, Giannis Marinopoulos, who will return to the family business. Opening in 2002, Starbucks Greece & Cyprus operates 30 stores in Greece and 18 in Cyprus and employs around 500 people.
As one of Starbucks’ largest and long-standing licensed partners across the world, since it’s first Starbucks in Kuwait in 1999, Alshaya Group now operates over 2,000 stores in 13 countries, offering the unique Starbucks experience to over one million customers every day.
Saleh Alshaya, President of Starbucks at Alshaya Group, said: "With today’s announcement, we are continuing our vision of growth for our licensed Starbucks business, and we look forward to working with our new colleagues to offer even more choice for our customers to experience their favourite Starbucks coffee across Greece and Cyprus. This is an exciting time for our business, and we look forward to a great future."
Under the new leadership of Alshaya Group’s Starbucks Greece & Cyprus Business Manager, Jacqueline Delpippo, the immediate priority is to ensure a smooth transition continue to serve Starbucks customers.
Over time, Alshaya Starbucks Greece & Cyprus will look at how the customer experience can be enhanced and look at opportunities to grow the business across the region, it stated.
Duncan Moir, President of Starbucks EMEA, said: “We are looking forward to working with Alshaya Group to bring Starbucks to even more coffee lovers across Greece and Cyprus. I’d like to thank the Marinopoulos Group for their long-standing partnership over the last 24 years."
"As one of one of the world’s leading brand franchisee operators and our largest licensed partner, Alshaya Group is well placed to take the Starbucks experience in the region to new heights and success," he added.
In his remarks, Marinopoulos: "I’d like to thank all our colleagues and customers for their support of our business since 2002 and wish Alshaya Group every success. In addition, we would like to thank Starbucks for the long-standing support, partnership and trust given to the Marinopoulos family for the last 24 years."
The new operating entity will be officially known as Alshaya Hellas SMSA in Greece, and in Cyprus the company is named Murgab Cyprus Ltd. -
Egyptian International Pharmaceuticals (EIPICO) (PHAR.CA) Declares Cash Dividend
Wednesday 08/04/202609:17:18 AMRead moreEgyptian International Pharmaceuticals (EIPICO) (PHAR.CA) Declares Cash Dividend
Company Name : Egyptian International Pharmaceuticals (EIPICO)
ISIN Code: EGS38081C013
Reuters Code: PHAR.CA
Type of Dividend : Cash
Coupon No. : 40
Dividend per Share : EGP 3.500
First installment: EGP 1.50 payable starting 30/04/2026
Second installment: EGP 2.00 payable starting from 30/09/2026
Payment Date : 30/04/2026
Dividend Date : 27/04/2026
Ex-Dividend Date : 28/04/2026
News Attachment in English (391 KB)
News Attachment in Arabic (2,427 KB) -
ADB launches new trust fund to accelerate progress on ASEAN power grid
Wednesday 08/04/202609:14:25 AMRead moreADB launches new trust fund to accelerate progress on ASEAN power grid
(WAM) — The Asian Development Bank (ADB) has launched a multi-partner fund to finance critical project preparation work for cross-border energy and transmission infrastructure within the Association of Southeast Asian Nations (ASEAN)—the first such fund in the region. The Regional Connectivity Fund for Energy in Southeast Asia (RCF) will advance the development of the ASEAN Power Grid, the regional bloc’s flagship initiative to achieve fully integrated electricity grid operations by 2045.
“The ASEAN Power Grid is one of Southeast Asia’s greatest opportunities, with the potential to deliver energy security for nearly 700 million people and power the region’s growth,” said ADB President Masato Kanda. “Thanks to the strong support of our partners, today’s launch of this project preparation fund is a decisive step toward accelerating high-quality ASEAN Power Grid investments and turning regional ambition into action.”
The RCF is a key initiative delivered under the ASEAN Infrastructure Fund (AIF)—Southeast Asia’s largest regionally owned infrastructure financing platform—and will help the AIF expand its scale and impact. Initial funding equivalent to about $25 million consists of contributions from the Government of Australia, the Government of Canada, the European Union, the Government of Germany, and the Government of the United Kingdom.
Managed by ADB in close collaboration with the AIF Board and ASEAN member states, the RCF will accelerate project preparation by providing technical assistance and project readiness financing grants to support energy infrastructure projects. This includes feasibility studies, engineering design, financial structuring, and safeguards assessments. It will also fund activities related to policy advice, regulatory improvements, capacity building, and knowledge sharing to improve the enabling environment for the ASEAN Power Grid. The RCF will ensure projects are well-designed, bankable, and aligned with ASEAN members’ priorities.
Southeast Asia’s energy demand is expected to triple by 2050. The ASEAN Power Grid will help to unlock access to reliable and affordable power supply, including renewable energy sources like solar, wind, and hydropower.
ADB has pledged up to $10 billion over the next 10 years toward the ASEAN Power Grid and related investments to expedite cross-border power connections, national grid projects, and renewable energy initiatives that will facilitate energy trading. In October, ADB launched the ASEAN Power Grid Financing Initiative with the ASEAN Secretariat, the ASEAN Center for Energy, and the World Bank. -
O B Financial Holding S.A.E (OFH.CA) - Corporate Governance Report
Wednesday 08/04/202609:12:24 AMRead moreO B Financial Holding S.A.E (OFH.CA) - Corporate Governance Report
Company Name : O B Financial Holding S.A.E
ISIN Code : EGS696S1C016
Reuters Code : OFH.CA
Content :
Corporate Governance Report for the year ended on 31/12/2025.
The Corporate Governance Report (3,834 KB) -
MBME Group, Comera Financial Holdings announce strategic collaboration
Wednesday 08/04/202609:11:28 AMRead moreMBME Group, Comera Financial Holdings announce strategic collaboration
(WAM) -- MBME Group, a UAE-based leader in technology solutions and digital transformation, has announced a strategic collaboration with Comera Financial Holdings, part of Abu Dhabi’s Royal Group.
The collaboration will explore opportunities across digital payments, financial services, and merchant solutions within the UAE, united by a commitment to responsible and regulated financial innovation.
The engagement unites MBME’s established digital infrastructure and nationwide presence with Comera Financial Holdings’ financial services ecosystem. The shared objective is to identify areas of cooperation that enhance customer access, convenience, and innovation, while operating within applicable UAE regulatory frameworks. Together, the parties will evaluate business, consumer, and merchant-focused use cases, including digital wallet services, payment acceptance, and access to regulated financial services through MBME’s network.
As part of this collaboration, Comera Pay, regulated by the CBUAE and part of the Comera Financial Holdings ecosystem, will also explore introducing Digital Gold investment capabilities through integration with MBME, enabling users to buy, sell, and hold gold within the Comera Pay app, supported by secure infrastructure, real-time pricing, and seamless liquidity.
Under the partnership, merchants within MBME’s network will gain access to Comera’s end-to-end product suite, encompassing POS terminals, SoftPOS, payment gateway, QR payments, and payment links, alongside business finance offerings including working capital solutions, invoice discounting, and merchant cash advance.
“Our collaboration with Comera Financial Holdings enables us to explore new opportunities to expand digital payment access and merchant enablement across the UAE," Abdelhadi Mohamed, Managing Director and Group CEO, MBME Group, said.
“This collaboration with MBME Group reflects our commitment to building responsible, regulated, and future-ready financial services that enhance everyday payment experiences," Akhtar Saeed Hashmi, Managing Director and Group CEO, Comera Financial Holdings, said.
The collaboration reflects both organisations’ alignment with the UAE’s vision for digital transformation and financial innovation, with all initiatives subject to regulatory approvals and legal requirements. -
China's foreign exchange reserves decline in March
Wednesday 08/04/202609:10:38 AMRead moreChina's foreign exchange reserves decline in March
(WAM) -- China's foreign exchange reserves stood at US$3.3421 trillion at the end of March 2026, down US$85.7 billion, or 2.5 percent, from the end of February, official data showed on Tuesday.
The State Administration of Foreign Exchange noted that in March, the US dollar index rose, while prices of major global financial assets declined, influenced by the global macroeconomic environment, monetary policies of major economies, and market expectations.
The combined effects of exchange rate conversion and changes in asset prices led to a decrease in China's foreign exchange reserves during the month, the administration said.
China's economy registered steady and improving performance during the period, with new and higher-quality development momentum. Its steady performance provided solid support for keeping the scale of the country's foreign exchange reserves basically stable, according to the administration.
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Creast Mark For Contracting And Real Estate Development (CRST.CA) - Release Regarding a Disclosure Form
Wednesday 08/04/202609:09:24 AMRead moreCreast Mark For Contracting And Real Estate Development (CRST.CA) - Release Regarding a Disclosure Form
Company Name : Creast Mark For Contracting And Real Estate Development
ISIN Code : EGS23141C012
Reuters Code : CRST.CA
Content :
Release regarding the disclosure form according to the Article 29 of EGX Listing Rules.
The Release (232 KB) -
Borouge shareholders approve $1.32 billion FY 2025 dividend
Wednesday 08/04/202609:09:13 AMRead moreBorouge shareholders approve $1.32 billion FY 2025 dividend
(WAM) -- Borouge Plc confirms shareholder approval at its 7th April General Assembly Meeting of a final 2025 dividend of $1.32 billion, reflecting the Company’s strong operational performance and record sales.
The final shareholder-approved dividend payment for 2025 amounts to $658 million (8.1 fils per share), bringing the total 2025 dividend to approximately $1.32 billion (16.2 fils per share). The dividend will be paid on or around 7th May 2026 to all shareholders of record as of 17 April 2026. Including this dividend, Borouge Plc will have distributed $4.89 billion in dividends since listing, one of the largest payout levels on the Abu Dhabi Securities Exchange (ADX) over this period.
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Executive Chairman of XRG, and Chairman of Borouge Plc, said, “Demonstrating strong market resilience, Borouge Plc continues to lead the industry as the world’s most profitable polyolefins company, supported by its robust financial position. Building on this strength, the Company is advancing its transformative growth journey through Borouge International. We are evolving into a global polyolefins powerhouse, combining technology leadership, cost efficiency and expanded scale across North America, the Middle East, and Europe. Together, these advantages will make us stronger, more resilient, and better positioned to navigate market cycles while delivering sustained value to our shareholders.”
On 31st March 2026, XRG and OMV successfully completed the combination of Borouge Plc and Borealis GmbH (Borealis) into Borouge Group International AG (Borouge International), and the acquisition of NOVA Chemicals Corporation (NOVA), creating the world's leading pure-play polyolefins company.
Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, said, “Borouge Plc delivered a strong and resilient performance in 2025, reaffirming the strength of our operating model in a dynamic global polyolefins market. We reinforced our leading cost position and our ability to deliver consistent performance across the cycle. As we enter an exciting new phase of growth under Borouge International, we remain focused on driving value for our shareholders through high-margin, differentiated products and sustaining strong pricing premia across our portfolio.”
The timing of the proposed tender offer, which would convert Borouge Plc shares to Borouge International shares, is expected to align with the new company’s future equity raise, to maximise value for all shareholders. The tender offer is expected to take place in 2027, subject to market conditions and approval by the UAE Capital Market Authority. Until then, Borouge International will be privately held and Borouge Plc will continue to be listed on the ADX. Borouge Plc shareholders will continue to benefit from the intended annual dividend of 16.2 fils per share, which will be maintained by Borouge International following completion of the proposed tender offer.
Under a new agreement with ADNOC and OMV (“the Agreement”), Borouge Plc has been granted operational control and marketing rights for the Borouge 4 mega project. The Agreement is expected to generate a cumulative net profit of $400 million over the next three years, representing approximately 10% annual earnings accretion to Borouge Plc following full ramp up2.
Borouge Plc confirms that it is closely monitoring the current situation and is working in coordination with the relevant UAE authorities to protect our people, facilities, and operations. Following an incident on 5 April, production activity in affected areas at Borouge’s facility in Ruwais has been temporarily suspended whilst damage assessment and repairs are carried out.
In the first quarter of 2026, Borouge achieved high utilisation rates and was able to sell a significant proportion of its production during the month of March via alternative routes, with additional inventories placed in storage ahead of shipment. A global shortage of polyolefins is driving a strong recovery in prices in March which has continued in April. Borouge retains significant financial resilience to navigate short-term operational disruption due to its strong cash generation and significant available liquidity.
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Korea posts largest-ever current account surplus in February
Wednesday 08/04/202609:08:09 AMRead moreKorea posts largest-ever current account surplus in February
(WAM) -- The Republic of Korea recorded its largest-ever monthly current account surplus in February, driven by a semiconductor upcycle and strong exports, central bank data showed Wednesday.
The current account surplus totalled US$23.19 billion in February, up sharply from $13.26 billion in January, Yonhap News Agency reported, citing data from the Bank of Korea (BOK).
It marked the highest monthly surplus ever, surpassing the previous record of $18.7 billion set in December 2025.
Korea has reported a current account surplus every month since May 2023, extending its winning streak to 34 consecutive months, the second longest in history.
The goods account posted a surplus of $23.36 billion in February, a record high figure, as exports jumped 29.9 percent on-year to $70.37 billion, while imports added 4 percent to about $47 billion.
The services account recorded a deficit of $1.86 billion in February due mainly to an increase in overseas travel demand.
The primary income account, which includes wages of foreign workers, as well as dividend and interest income from abroad, posted a surplus of $2.48 billion, driven primarily by dividend earnings.
The secondary income account recorded a $790 million deficit.
In the financial account, the country's net assets increased by $22.8 billion in February, up sharply from a $5.63 billion rise the previous month.
Overseas direct investment by Korean residents rose by $3.81 billion, while foreign direct investment in Korea increased by $940 million.
In securities investment, local investors increased their overseas holdings, mainly in stocks, by $8.64 billion in February, while foreign investors reduced their investments by $11.94 billion to take profits from recent gains, the data showed. -
Japan logs current account surplus of $24.8 billion in February
Wednesday 08/04/202609:07:24 AMRead moreJapan logs current account surplus of $24.8 billion in February
(WAM) -- Japan's current account surplus edged down 0.1 percent from the previous year to 3.93 trillion yen ($24.8 billion) in February, Kyodo News reported, citing the Finance Ministry on Wednesday.
Primary income, including dividends and interest earnings from overseas investments, rose 11.6 percent from the previous year to 4.24 trillion yen, the ministry said in a preliminary report, as their values were inflated due to the weaker yen.
Goods trade recorded a surplus of 267.6 billion yen, plunging 67.0 percent from the year before.
Exports were up 2.8 percent to 9.37 trillion yen, while imports increased 9.7 percent to 9.10 trillion yen.
Japan's services trade deficit shrank 0.4 percent from the previous year to 284.5 billion yen, affected by an improvement in the travel surplus. A surplus in the travel balance means that spending by foreign visitors in Japan exceeds the amount spent by Japanese residents overseas.
