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Auto companies decrease sales targets due to market slowdown
Car distributors companies are slashing their sales targets for the remainder of the year by 30-50% due to the market…
Automotive
China’s JAC Motors, Hawtai planning to increase investments in Egypt
China’s Hawtai is looking to invest as much as USD 1 bn in Egypt’s auto manufacturing and component industries, the…
EGAS receives EGP 1.8 bn package from eight-bank consortium
A consortium of eight banks agreed to extend the Egyptian Natural Gas Holding Company (EGAS) an EGP 1.8 bn facility…
Banque Misr to establish mortgage financing arm
With the CBE promoting mortgages for low- and middle-income earners, Banque Misr plans on establishing a mortgage financing arm, bank…
Banque Misr seeking USD 500 mn facility from China Development Bank
Banque Misr will sign a USD 500 mn loan with China Development Bank today to fund imports from China, Vice…
EBRD planning to sign USD 300 mn loan agreement with NRA by month’s end
The European Bank for Reconstruction and Development (EBRD) is looking to sign a USD 300 mn loan agreement with the…
The Alliance adds Damietta Port to shipping route
The alliance of shipping lines that withdrew from East Port Said in March due to the hike in fees has…
NAT issues EUR 224.4 mn tender for insurance of Cairo Metro Line 3 equipment
The National Authority for Tunnels (NAT) issued a EUR 224.4 mn tender to insure equipment for the fourth phase of…
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