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THIS MORNING: Car price cap raised + new refund rules; Shoukry at Davos
Good morning, wonderful people, and welcome to a morning packed with M&A news. Two of the three transactions involve inbound…
Earnings watch: Orascom Construction, MNHD, GB Auto
Orascom Construction’s (OC) net income slid 45% in 1Q 2022 due to deepening losses at Besix, according to its earnings…
THIS MORNING: It’s interest rate day; US stocks have worst day since June 2020
Well, friends, we’ve made it through another workweek together. One long, hard push and the end of the workday will…
Stellantis could be looking to produce EVs in Egypt
Automobile manufacturer Stellantis is interested in assembling electric vehicles in Egypt, cabinet said in a statement yesterday following talks between…
Madbouly announces plans to privatize state assets + boost private investment
Madbouly announces plans to privatize state assets + boost private investment: Prime Minister Moustafa Madbouly outlined the government’s plans to…
It’s going to cost a lot more to get a dual-fuel vehicle under the govt’s swap scheme
Companies participating in the government’s natgas vehicle swap program will hike prices by up to 45% in response to rising…
Fallout from war in Ukraine officially hit the auto industry in March — as expected
Passenger car sales fell 3% y-o-y in March, according to figures from the Automotive Information Council (AMIC), an industry association…
Cabinet approves sovereign sukuk exec regs
Sovereign Sukuk Act regs are finally ready: The Madbouly government has approved the executive regulations of the Sovereign Sukuk Act…
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