Egyptian British Automotive (EBA) has decided to halt assembly of one of its microbus models,a source close to the company tells Al Mal. The company was only able to produce 50 units of the 14-seater vehicles in the last nine months due to rising costs, which are making it hard to continue production.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Here’s why “temporary listings” are all the rage right now
The government plans to list Misr Travel and Egoth in…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…