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El Nasr to sign contracts next month with China’s BAIC Group to jointly manufacture EVs in Egypt
We finally have a name: BAIC Group is El Nasr’s partner of choice in manufacturing electric vehicles. El Nasr Automotive…
Industrial players see disappointing stock performances amid global uncertainty
Global trade disruptions, materials shortages, and inflation drive down industrial stocks: Almost all EGX-listed major industrial companies have seen their…
Sumitomo to set up the world’s largest factory for pigtail and wiring harnesses in Egypt
Japanese conglomerate Sumitomo has chosen Egypt as the site of its largest ever factory, inking an MoU with the General…
Local EV batteries in the works? + Italian firms want in on our rail network
The Public Enterprises Ministry is currently in talks with two local companies to manufacture a prototype battery for electric vehicles,…
House gives final nod to amended customs tariffs in bid to localize industry
House gives the nod to amended customs tariffs: The House of Representatives yesterday gave its final approval to a presidential…
Plastic use could triple by 2060 unless drastic measures are taken + The UK has officially started its four-day workweek trial
Plastic use is set to triple by 2060 in the absence of bold, drastic action, according to a preliminary OECD…
THIS EVENING: Egypt’s PMI contracts for 18th consecutive month + Madbouly government eyes policy changes in shift to green economy
Good afternoon, wonderful people. We’re off to a roaring start this first full workweek of the month — so much…
Abu Dhabi’s Borouge soars in ADX debut following massive IPO
Borouge shares pop in trading debut: Abu Dhabi-based petrochemicals firm Borouge’s shares jumped as much as 24% in its trading…
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