LOGISTICS-

GB Logistics has launched a bonded warehouse services at its facility in Sadat City, according to a statement (pdf). “Both domestic and international companies can leverage this facility as a centralized storage and distribution hub, optimizing inventory management and reducing transportation costs,” the statement read.

SOUND SMART: Bonded warehouses are government-authorized facilities that store goods for a limited time without being subject to duties, taxes, or customs fees. They’re particularly useful for temporary storage of goods moving internationally.

AUTOMOTIVE-

#1-GB Auto expands business in Iraq: GB Auto has acquired exclusive distribution rights to the Chinese automotive brands JAC and Foton in Iraq through its GQ subsidiary, according to a statement (pdf). GQ was established in 2014 to manage two- and three-wheelers in Iraq, but now it will add passenger and commercial vehicles to its portfolio.

#2-Infinity to provide charging solutions for MG electric vehicles: Our friends at renewables firm Infinity will be providing charging solutions for owners of the MG4 EV models under a strategic partnership with Mansour MG Automotive — the exclusive importer of MG vehicles in Egypt — Infinity said in a statement (pdf). MG4 EV owners can now either opt for an exclusive pre-paid card giving them access to Infinity’s charging stations or install a charger at their home.

SMES-

#1- More support for local SMEs: Beltone Holding subsidiary Cash for Microfinance has signed a cooperation protocol with Italian consultant Microfinanza Italia to set up a EUR 2.2 mn project aimed at “empowering Egyptian entrepreneurs,” the company said in a statement (pdf). The project will facilitate startups’ access to financial resources and technical expertise. Cash for Microfinance is also “working to link scientific research with industries to enable a competitive knowledge economy and improve the business climate.”

#2- Noqood Finance receives SME finance license: Noqood Finance, a subsidiary of fintech startup Noqood Holding, has received the necessary license from the Financial Regulatory Authority to embark on its SME finance services, according to a statement (pdf). The company said it will target projects that “meet the needs of the community and enhance sustainable development, in addition to advisory services.”

AVIATION-

Daily flights between Cairo and Delhi? EgyptAir is considering launching daily flights between Cairo and Delhi on the back of stronger traffic between the two capitals, The Times of India reports, citing a statement from the airline. EgyptAir has been running four weekly flights between the two capitals since August 2023.

HEALTHCARE-

The Japan International Cooperation Agency will fund a three-year healthcare program which will be implemented across 22 facilities across the country, under an agreement signed with the Egyptian Healthcare Authority (EHA), according to a statement.

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