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My Morning Routine: Mohamed El Naggar, CEO of Raya Auto
“Stay teachable as your responsibilities grow”
The country’s first locally assembled EV rolls off the line at El Nasr
Good morning, friends. The interest rate hike is three days old by now, and you’ve probably read a version of…
August auto sales slow to 5.6% as trucks stall and imports pull ahead
Passenger cars carried the month while trucks fell and imported cars stretched their lead over local assembly
Elsewedy Electric proposes EV assembly plant in Algeria under Elsewedy Ezz brand
Elsewedy Electric submitted a feasibility study to Algeria’s PM to build an electric and hybrid vehicle plant targeting 25% exports…
Bank NXT backs Ezz Elarab Elsewedy’s paint plant and factory expansion
A EGP 2.1 bn Bank NXT facility will fund a new automotive paint plant and expand Ezz Elarab Elsewedy’s factory…
Gov’t rejected VW’s request for incentives beyond the standard package
Plus: The AfDB is giving a USD 3.55 mn reimbursable grant to a green ammonia project in East Port Said
EgyptAir named World’s Most Improved Airline, jumping 64 ranks in three years
Plus: FRA freezes Speed Medical’s EGP 600 mn capital hike, halts shareholder vote.
Emaar Misr signs EGP 14 bn in construction contracts for Marassi Red Sea
Plus: Banque Misr moves to shut down sukuk subsidiary after no revenue, tighter CBE guardrails
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