Importers and assemblers of electric motors will be required to adhere to new energy efficiency and testing standards under guidelines issued yesterday by the Trade and Industry Ministry. Companies will have six months to meet the new requirements. The decision is designed to “increase reliance on the use of energy-saving electric motors and to stimulate investment,” Trade Minister Nevine Gamea said.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…