GB Auto lands MG distributorship for Iraq: GB Auto has entered a partnership with SAIC Motor to distribute MG cars in Iraq, the company announced in a statement (pdf). The agreement covers fully imported models produced by the British auto company, and operations will begin in late 3Q or early 4Q2020. GB Auto exited its partnership with Hyundai in Iraq in February after the Korean multinational shifted to a multi-distributor model.
More from Enterprise
The CBE is taking a tougher stance on regulation
Last summer, HSBC paid the CBE a EGP 1.4 bn…
Farmers aren’t borrowing to survive anymore — they’re investing
Medium-term loans rose more than 1k% to EGP 22.6 bn…
Why do listed companies buy back treasury shares?
Dividends are subject to a 10% withholding tax, while buybacks…
Valu gets regulatory green light to start operations in Jordan
Former Jordanian Investment Minister Mothanna Gharaibeh will serve as chairman…