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THIS MORNING: It’s the big budget season finale at the House + MbS has landed
It’s hump day, ladies and gentlemen, and what a hump it is. Our privatization drive continues to guide the conversation,…
Egypt works to gather momentum for its localization push
By the numbers — The new customs breaks coming to your industry: Egypt has been undertaking several measures to tip…
El Nasr to sign contracts next month with China’s BAIC Group to jointly manufacture EVs in Egypt
We finally have a name: BAIC Group is El Nasr’s partner of choice in manufacturing electric vehicles. El Nasr Automotive…
Sumitomo to set up the world’s largest factory for pigtail and wiring harnesses in Egypt
Japanese conglomerate Sumitomo has chosen Egypt as the site of its largest ever factory, inking an MoU with the General…
Local EV batteries in the works? + Italian firms want in on our rail network
The Public Enterprises Ministry is currently in talks with two local companies to manufacture a prototype battery for electric vehicles,…
House gives final nod to amended customs tariffs in bid to localize industry
House gives the nod to amended customs tariffs: The House of Representatives yesterday gave its final approval to a presidential…
THIS EVENING: Egypt’s PMI contracts for 18th consecutive month + Madbouly government eyes policy changes in shift to green economy
Good afternoon, wonderful people. We’re off to a roaring start this first full workweek of the month — so much…
Cabinet to establish automotive policy committee + fund for sustainable transport
A new automotive policy committee and changes to the law governing the Sovereign Fund of Egypt (SFE) were approved during…
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