Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Infrastructure 
Auto industry expected to continue recovery into 2025, Fitch Solutions’ BMI says
BMI forecasts a 15.3% increase in vehicle sales for 2025
Auto sales record highest figure in over two years in December
The total sales volume for the entire year grew 13.2% y-o-y
Customs Authority to release additional cars held at ports for violations
Owners of the cars must pay owed customs and fees plus up to EGP 10k in fines per vehicle
Customs Authority to release imported passenger cars that violated gov’t rules
Good afternoon folks, and happy Wednesday. The presses are churning at a rapid clip this morning as regional M&A headlines…
Gov’t on the lookout for new partner for USD 2.3 bn pumped storage hydropower project in Ataka. PLUS: KFH Egypt, Dsquares + Prepit, CI Capital, Aria Technologies, MM Group, Coca Cola
China's SinoHydro initially inked an agreement to build the 2.4 GW project all the way back in 2015
Simplex plans KSA expansion with Riyadh CNC factory. PLUS: Madinet Masr, Taqa Arabia, Money Fellows, Al Amal Auto
The planned factory will be funded by its Saudi partner
Orascom Construction, Hassan Allam Construction, Elsewedy Electric’s Rowad near completion of USD 1 bn Tripoli Third Ring Road. PLUS: SIAC Construction, Al Amal Auto + Forthing, Ariston, Telecom Egypt + Cisco
The consortium will complete the project “very soon,” said Libyan Prime Minister Abdul Hamid Dbeibah
AfDB approves USD 170 mn private sector development, economic diversification loan. PLUS: Paymob, Masria Digital Payments, SideUp, Mobica, Shell, Orascom Financial Holding
The funds will have a special emphasis on green growth
Something went wrong. Please refresh the page and/or try again.