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El Nasr, NATCO to set up Egypt’s first EV dealership
Egypt is getting its first electric car dealer: State-owned firms El Nasr Automotive and the National Automotive Company (NATCO) will…
THIS EVENING: Egypt hikes local wheat procurement prices to incentivize farmers + Russia and Ukraine inch closer to a peace agreement
Happy almost-THURSDAY, wonderful people. We couldn’t be happier that the weekend is within arm’s reach as we sprint through this…
FinMin sees budget deficit widening amid commodities price shock
The Madbouly government sees the FY 2021-2022 budget deficit target widening to 6.9% from 6.7%, Vice Minister of Finance Ahmed…
Gov’t to up local wheat prices and cut fertilizer costs — and appears to be considering price caps for unsubsidized bread
A raft of new wheat-related measures announced by the Madbouly government yesterday aim to bolster the country’s food security in…
THIS EVENING: Swvl to receive final approvals for IPO from US’s SEC + Supply Ministry ups local wheat purchase target to over 6 mn tons this harvest season
Happy Monday, wonderful people. We’re having one of those Goldilocks news days: It’s not like drinking out of a fire…
Cabinet okays harsher penalties under crackdown of building on farmland
Harsher penalties will be introduced for illegally building on agricultural land under amendments to the Agriculture Act approved by the…
A first look at the long-awaited automotive strategy + Bidding for new EV charging company management this week
The long-awaited automotive strategy is about to be unveiled: Cabinet reviewed last week the final version of a national strategy…
East Delta to build 125 MW power unit at El Arish
East Delta Electricity Production Company will establish a 125 MW combined cycle power unit at the El Arish plant, Al…
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