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Al Mansour, GM launch Cadillac EV in Egypt; Al Mansour plans to assemble EVs here
Electric Cadillacs are coming to Egypt: General Motors (GM) and Al Mansour Automotive will debut electric Cadillacs in Egypt by…
More news from the EV frontier + Cosmic Village is back in the headlines
A unit of renewable energy player Infinity is reportedly interested in assembling EV charging stations here, Al Mal reports, saying…
MNT agrees to sell 21.7% stake to Chimera Investments
Chimera snaps up c.22% of MNT Investments: Netherlands-based MNT Investments — which is majority-owned by GB Auto subsidiary GB Capital…
Auto assemblers are hurting
FROM THE DEPT. OF DUH- Auto assembly in Egypt is hurting right now: Al Amal Auto could be forced to…
Industrial stocks are still divorced from earnings performance
Industrial players are seeing somewhat varied stock performances, with most EGX-listed industrial stocks continuing on the downward trajectory that began…
Credit Agricole and Banque du Caire are both feeling acquisitive
We have two other M&A stories for you this morning: Up first: Credit Agricole will purchase a 4.8% stake in…
The UAE’s Chimera eyes GB Auto’s leasing arm
Chimera to take stake in GB Lease? GB Auto subsidiary GB Capital is in talks with our friends at Abu…
THIS EVENING: Chimera wants 45% of GB Lease + Expedition isn’t upping its MTO for Domty. Plus: It’s energy everywhere abroad
Happy almost-THURSDAY, friends. It’s almost the weekend, and we have a capital markets-heavy news day to show for it. But…
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