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GB Auto net income triples in 2Q off of higher revenues
GB Auto’s net income more than tripled to EGP 374.3 mn in 2Q2021, compared to EGP 115.8 mn in the…
TONIGHT: NIB is not being liquidated. + NMC admin gets ready to exit. ALSO: The football leagues are back this weekend.
Well, friends, we’ve made it through another week together — we wish you all a phenomenal long weekend with family…
Egypt, UAE to set up JV for manufacturing dual-fuel trucks
Egypt, UAE to jointly assemble dual-fuel trucks: A joint venture between an Emirati industrial company and the Egyptian military will…
THIS MORNING: Russian flights return tomorrow + RIP Dalal Abdel Aziz
Good morning, wonderful people. You may rejoice: We officially have a four-day work week this week after the cabinet confirmed…
Mercedes-Benz Egypt appoints new CEO
Mercedes-Benz Egypt gets a new CEO: Gerd Bitterlich (LinkedIn) has been appointed CEO of Mercedes-Benz Egypt effective 1 July 2021,…
Mercedes’ local partner plans EGP 1 bn bond issuance to enter EV market
A EGP 1 bn bond issuance could help Mercedes’ local partner enter the EV market: The National Automotive Company (NATCO)…
Hisham Tawfik on textiles and EVs + polymer notes and a fourth wave
It was a good night for business-relevant coverage on the airwaves, with the highlight being Public Enterprises Minister Hisham Tawfik’s…
Auto industry reboot: part II
Passenger car sales grew 70% in June 2021, with over 19k cars sold during the month, up from 11.2k in…
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