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Big gas find in Cyprus could benefit Egypt + GB Auto to assemble Chinese trucks
Another big East Med gas find: Eni and TotalEnergies have made a “significant” gas discovery in a shared exploration block…
GB Auto shrugs off auto sector headwinds to post 31% bottom line growth
GB Auto net income up 31% in 2Q despite market challenges: GB Auto shrugged off the multiple headwinds facing the…
GB Auto to open passenger car factory in Sadat City next year
GB Auto is working on transforming a brownfield site in Sadat City into a passenger car and light commercial vehicle…
GB Auto’s Drive closes first bond issuance
GB Auto’s car finance arm Drive Finance has closed its first EGP 700 mn corporate bond issuance as part of…
Industrial players see disappointing stock performances amid global uncertainty
Global trade disruptions, materials shortages, and inflation drive down industrial stocks: Almost all EGX-listed major industrial companies have seen their…
Earnings watch: Orascom Construction, MNHD, GB Auto
Orascom Construction’s (OC) net income slid 45% in 1Q 2022 due to deepening losses at Besix, according to its earnings…
Karm Solar, EFG Hermes, GB Auto are among Africa’s fastest-growing companies, according to the FT
KUDOS- Karm Solar has been named as one of Africa’s 20 fastest-growing companies in the Financial Times’ inaugural Africa edition…
FAB eyes GB Lease takeover
First Abu Dhabi Bank (FAB) is in advanced talks with GB Auto to acquire 100% of its leasing arm GB…
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