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Egypt to receive 10 new locomotives from GE at the end of November
The Railway Authority will receive 10 new locomotives from General Electric on 28 and 29 November, Transport Minister Kamel El…
Automotive
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,…
Suez Canal Authority maintains discounts for vessels from the Americas, Southeast Asia
The Suez Canal Authority (SCA) has renewed discounts on container ships and bulk carriers crossing the Suez Canal until June…
VW interested in assembling nat-gas vehicles in Egypt
Volkswagen is interested in assembling natural gas-powered cars in Egypt, and is willing to increase its usage of locally-produced components,…
Last night’s talk shows for Tuesday, 12 November 2019
A handful of topics got the nation’s talking heads chattering last night. Among the highlights were the Finance Ministry’s new…
SME Authority to provide EGP 800 mn to convert 10k car engines to natgas
The SME Development Authority is doling out EGP 800 mn to the Natural Gas Vehicles Company (Cargas) and Gastec to…
MM Group net profits double in the first 9 months of 2019 to EGP 357 mn
EARNINGS WATCH- MM Group reported a 52.9% y-o-y increase in 9M2019 consolidated net profits to EGP 357 mn, up from…
Egypt to launch Alexandria metro tender in 1Q2020
The Alexandria governorate will launch an international tender in 1Q2020 for building an underground metro in Alexandria, Governor Abdel Aziz…
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