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Tuk-tuk import ban hits GB Auto
Tuk-tuk import ban has GB Auto searching for alternatives: The Madbouly government’s decision to ban imports of tuk-tuk components is…
The gov’t is making it harder for you to get that replacement engine for your tuk-tuk
Tuk-tuks be gone: Trade Minister Nevine Gamea has issued a decision to stop importing the basic components needed for the…
Methanex Egypt settles debt for Damietta plant
Methanex Egypt fully settles USD 530 mn debt ahead of schedule: Canadian-Egyptian methanol producer Methanex has fully repaid a USD…
FX reserves inch up in October
Egypt’s foreign currency reserves inched up USD 24 mn in October, reaching USD 40.85 bn from USD 40.83 bn in…
More inflation ahead thanks to the gas price hike
The global gas squeeze has arrived in Egypt: Operating margins at industrial firms will likely come under pressure in the…
Gov’t really wants us to cut down on imports
Import substitution is back on the Cabinet’s priority list: The government is setting up a new committee on import substitution…
US stocks close at record highs
US stocks close at record highs on strong earnings: US equity markets reached fresh record highs yesterday as the strong…
Edita to kickoff production in Morocco within days, Egypt operation looks to expand bakery capacity in early 2022
Edita’s first production line in Morocco will be up and running within days, IR director Menna Shams El Din confirmed…
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