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THIS MORNING: Privatization consultations continue today + McDonalds just jacked up its prices by 50%
Well, friends, we’ve nearly made it through another (M&A-heavy) workweek together. We hope the week has been good to you…
Toyota exits Egyptian Offshore Drilling Company
Toyota exits Egyptian Offshore Drilling Company: Toyota has sold its 50% stake in the Egyptian Offshore Drilling Company ahead of…
Engineering industry players weigh in on privatization plans
What automotive + engineering players have to say about the state’s privatization plans: The government’s series of public consultations over…
GB Auto to open passenger car factory in Sadat City next year
GB Auto is working on transforming a brownfield site in Sadat City into a passenger car and light commercial vehicle…
Car sales fall 22% in May as industry struggles continue
Passenger car sales fell for the third consecutive month in May against a backdrop of continued economic headwinds and import…
Could the auto industry get some much-needed reprieve?
PM Madbouly seeks to reassure automotive players on stymied car imports: Prime Minister Moustafa Madbouly has directed his ministers, the…
EVs are set to get more expensive due to a surge in battery prices + People in EMs were better at saving than those in developed countries
Looking for an EV? Your pocket won’t like it: Auto makers have been hiking prices on EVs in the past…
We’re not done with auto news just yet
Abou Ghaly Motors is now in the final stage of negotiations with Chinese automaker Geely to begin producing their cars…
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