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Aldar to begin DD on Sodic “within days” -Magued Sherif
The UAE’s Aldar Properties is expected to begin due diligence on EGX-listed Sodic “within days” as it seeks a majority…
More natgas vehicles than initially planned?
The government plans to convert 450k cars to run on natgas within three years under its natgas transition plan, Oil…
Torrid growth continues in factoring, microfinance
GB Auto’s NBFS arm Drive had the largest share of Egypt’s factoring market in February after more than doubling lending…
Carmakers struggle to charge up EV future
We have too many things to charge, and that's causing a bottleneck for electric vehicle makers: Battery-powered electric vehicles are…
What the markets are doing on 13 April 2021
GLOBAL M&A WATCH- Microsoft bets big on health tech: Microsoft Corporation will acquire AI speech tech company Nuance Communications for…
GB Auto subsidiary sells 5% stake in Mashroey, Tasaheel’s MNT Investments
GB Auto is selling down its indirect stake in Netherland-based subsidiary MNT Investments to unnamed foreign investors in a EGP…
Gov’t doubles natgas station target to 1k by the end of 2021
Egypt should have 1k natural gas filling stations set up nationwide by the end of the year under a government-backed…
Hit the road, Jack.
The dual-fuel vehicles being delivered in the pilot phase of the government’s natgas transition plan are now on the road…
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