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Bank NXT backs Ezz Elarab Elsewedy’s paint plant and factory expansion
A EGP 2.1 bn Bank NXT facility will fund a new automotive paint plant and expand Ezz Elarab Elsewedy’s factory…
Gov’t rejected VW’s request for incentives beyond the standard package
Plus: The AfDB is giving a USD 3.55 mn reimbursable grant to a green ammonia project in East Port Said
Emaar Misr signs EGP 14 bn in construction contracts for Marassi Red Sea
Plus: Banque Misr moves to shut down sukuk subsidiary after no revenue, tighter CBE guardrails
July auto sales jump 15.6% y-o-y, as buses, trucks outpace passenger cars
The auto market grew 15.6% y-o-y in July as buses and trucks once again drove growth, with passenger cars staging…
GM Egypt names Rohan Fernandes as chair, managing director
Fernandes succeeds the retiring Sharon Nishi, who brought Cadillac back and restarted local Optra production
The CBE approved new rules allowing banks to verify customers entirely online
Good morning, folks. Egypt’s markets are growing, but not without some friction. We’ve got three stories about it today, covering…
Egypt’s auto market grew in June, but dealers warn of shipping pressure ahead
Buses accounted for nearly all of June’s m-o-m market growth, as passenger-car sales were broadly flat, while dealers pushed back…
The IDA opens its first tender under the new lease-to-own system for industrial land
Good morning, friends. We have two stories for you today about how Egypt is managing risk — broadly in its…
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