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Auto sales recovery stutters in October
Sales fell 9% in October after posting their best month in a year in September
Gas production slumps to three-year low in September. PLUS: News from Infinity, SODIC, InstaPay, and the IDA
Egypt produced 4.7 bn cubic meters of gas per day in September, down 6% from August
Global Auto Group signs binding framework agreement to locally assemble cars
Global Auto Group began assembling BMW’s in 2023 after a five-year hiatus
Fawry, Contact Financial, GB Corp + Rameda report 3Q 2023 results
FAWRY REPORTS RECORD REVENUES- Another strong quarter for Fawry:EGX-listed e-payments giant Fawry more than doubled its adjusted net income to…
Qatar expected to invest USD 1.5 bn in Egyptian industrial projects in 2024
Qatar promised to invest USD 5 bn “in the coming period” back in 2022
Volkswagen to work with gov’t on auto industrial zone study
The project is aiming to attract USD 240 m in investments and employ 6k people
Mercedes-Benz EVs hit the market
The EVs will be available at Mercedes dealerships across Egypt
Elsewedy Capital and Ezz El Arab Automotive team up to locally assemble cars
The newly found company aims to annually produce 50k units in the “coming years”
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