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Gov’t agrees to start incentives for car manufacturers that use at least 45% local content
EXCLUSIVE- Cabinet agrees in principle on incentives for car manufacturers that use at least 45% local content: The cabinet has…
Toyota snubs Saudi Arabia
Toyota snubs Saudi Arabia: Toyota is reportedly backing out of plans to build a car plant in Saudi Arabia, sources…
Egyptians Abroad Investment and Development to launch logistics investment fund in 2020
The Egyptians Abroad Investment and Development Co plans to launch its logistics sector-focused fund next year, CEO and Vice Chairman…
Egypt-made MG cars soon as Mansour signs manufacturing JV agreement
INVESTMENT WATCH- China's SAIC Motor, Al Mansour Auto to manufacture MG in Egypt: Al Mansour Automotive will manufacture MG cars…
Minimum for domestic content in Egypt-assembled cars is now back at 28%
Ministry explains decision to scrap former Trade Minister Nassar’s car assembly policy: Trade and Industry Minister Amr Nassar’s decision to…
Egypt to provide large custom discounts to power its domestic car industry
EXCLUSIVE- We’re going to be discussing a new set of incentives for the automotive industry this fall. The finance and…
Egypt’s all-female ride-hailing startup plans to come to Alexandria
Ride-hailing app Fyonka is planning to debut in Alexandria after having recently launched in Greater Cairo, co-founder Abdallah Hussein said.…
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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