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GB Auto mulls selling a portion of its stake in MNT Investments
GB Capital is mulling a partial sale of its Netherlands-based finance subsidiary MNT Investments, which is majority owned by the…
THIS EVENING: Day 6 of Russia-Ukraine war + GB Auto mulls selling portion of stake in MNT Investments + EBRD’s Mark Bowman is in town for a week-long visit
UKRAINE WATCH- The war in Ukraine is growing deadlier as fighting enters its sixth day, as more than 70 Ukrainian…
Earnings watch: Rameda Pharma, GB Auto and Contact Financial report FY2021 earnings
Tenth of Ramadan for Pharma Industries and Diagnostic Reagents (Rameda) reported an 18.8% increase in net income in 4Q2021 to…
Could automated tech be the cost-effective solution we need to combat water scarcity?
PROJECT PROFILE- The Irrigation Ministry looks to auto-control devices to manage groundwater collection: Egypt’s water scarcity threats, ranging from GERD…
GB Leases returns to securitization market with EGP 4.3 bn sale
GB Lease has completed the sale of EGP 4.3 bn of securitized bonds to investors, according to a statement (pdf)…
Earnings watch: Fawry, Elsewedy Electric, GB Auto, and Rameda
E-payments giant Fawry saw its bottom line ease 26% to EGP 36.1 mn in 3Q2021, according to its earnings release…
Tuk-tuk import ban hits GB Auto
Tuk-tuk import ban has GB Auto searching for alternatives: The Madbouly government’s decision to ban imports of tuk-tuk components is…
Car dealers could face EGP 2 mn fines for price gouging
Car dealers that don’t comply with new rules to the government says will prevent price gouging will be slapped with…
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