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August auto sales slow to 5.6% as trucks stall and imports pull ahead
Passenger cars carried the month while trucks fell and imported cars stretched their lead over local assembly
Moody’s raises Egypt’s local and foreign currency ratings to B3 and kept a positive outlook
Good morning, nice people. Before getting into the news of the day, we have an announcement of our own. After…
Vietnamese tech giant FPT opens first Africa office in Cairo
Good morning, ladies and gents, and happy Thursday. The IPO everyone has been talking about takes its last orders today,…
Welcome to the second issue of Power Trip
Hello, ladies and gents, and welcome to the second issue of our signature series, Power Trip. Last issue, we followed…
Billet-duty dispute heads to court as rolling mills sue to scrap anti-dumping duties
The Administrative Court will hear the rolling-mills lawsuit against Egypt’s billet anti-dumping duties on 14 November as integrated producers dig…
Elsewedy Electric proposes EV assembly plant in Algeria under Elsewedy Ezz brand
Elsewedy Electric submitted a feasibility study to Algeria’s PM to build an electric and hybrid vehicle plant targeting 25% exports…
The EU is proposing to cut Egypt off from its steel scrap
Brussels’ draft waste rules would strip Egypt of a core mill feedstock just as EU and US tariffs squeeze its…
The EDA rewrites its drug-pricing rulebook around costs, competition, and localization
The new framework ties repricing to FX, inflation, and interest rates while introducing new rules for originators, generics, biosimilars, and…
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