The CBE is looking to build up the auto-feeders industry: The CBE committee looking into developing a strategy for the auto industry is focusing on diversifying and advancing components manufacturing. It’s plan: starting first with less complex components such as tires, car batteries, and windshields, and gradually working towards more advanced products such as engine parts, sources from the auto-industry development committee tell Al Mal. The committee is in talks with auto industry players and banks to discuss alternative measures.
More from Enterprise
CIB’s 3Q net income falls 17% y-o-y, 9M core earnings grow 18%
Here are the stories driving the day, both at home…
Africa’s own credit rating agency plans its first rating by March 2027, and our central bank has long backed it
Its early value lies in 22 sovereigns nobody rates, and…
EGX’s newest investors meet their first selloff
Heavy borrowing, margin calls, and looming repayments could make a…