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Ghabbour Auto, El Ghalban to establish car distribution company
Ghabbour Auto and El Ghalban Auto Market have signed an agreement to establish a joint venture to distribute imported cars…
EFG’s new mortgage financing arm Bedaya eyes EGP 500 mn of sales in 2020
EFG’s new mortgage financing arm Bedaya is eyeing EGP 500 mn in sales next year, EFG Finance CEO Walid Hassouna…
GB Auto’s Drive plans a second securitized bond issuance
GB Auto’s consumer finance arm Drive plans to move ahead with its second securitized bond issuance over the next year,…
FRA targeting a total of EGP 16 bn in securitized bond issuances in 2019
The Financial Regulatory Authority (FRA) is targeting a total of EGP 16 bn in securitized bond issuances in 2019, of…
GB Auto to supply Careem with locally assembled Chery Arizzo cars
Ride-hailing company Careem has reached an agreement with GB Auto to supply it with an undisclosed number of Chery Arizzo…
Earnings watch: GB Auto, Egypt Kuwait Holding, Talaat Moustafa Group
EARNINGS WATCH- GB Auto turns net loss in 2Q2019 as competition with zero-tariff EU imports bites: GB Auto posted a…
Brilliance to invest USD 120 as it returns to Egypt assembly
EXCLUSIVE- Brilliance Auto to invest USD 120 mn to return to domestic assembly: Brilliance Bavarian Auto is planning to invest…
Businesses eager for interest rates to return to pre-float levels to boost investment
EXCLUSIVE- The Enterprise business interest rate survey: How far will interest rates have to fall before big business starts borrowing…
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