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Mashreq Global Network is expanding outsourcing operations in Egypt. PLUS: News from EFG Corp-Solutions, Samcrete, ACUD, Banque Misr
Mashreq Global Network will create 300 jobs in the process
Auto sales jump in December
An increase in truck sales drove the trend
Japan’s Yazaki kicks off construction of auto parts factory. PLUS: News from Ora Developers, Bosta, Taqa Volt.
AUTOMOTIVE- Yazaki breaks ground on auto parts factory: Japanese manufacturer Yazaki has broken ground on its EUR 30 mn auto…
Gov’t’s Pharos Energy bill rises to USD 37 mn. PLUS: Schneider solar projects, Tata Motors team up with MM Group, ValU + Bosta + PayTabs, Heliopolis Housing project, Nokia factory, new ADIB microfinance firm
The company intends to refrain from retrieving its USD-denominated receivables due to the exchange rate volatility.
Raya Auto to locally assemble China’s XPeng EVs within 3 years
Raya Auto is now China EV manufacturer XPeng’s sole agent in Egypt
ACWA Power’s Kom Ombo solar plant to finish construction by April 2024. PLUS: MSME financing, GB Auto loan, Chinese investment, InDrive + Cargas
The 200-MW solar plant being built in Upper Egypt is now 82% complete
Succession, The Bear, and Beef make it big in the Emmys. PLUS: EV batteries won’t be improving drastically any time soon
The Emmys were pushed back as a result of the Hollywood strikes that took place last year
JV plans USD 100 mn investment to localize the production of Geely cars
The JV wants to begin production in 4Q 2024
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