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US stocks fall as recovery concerns grow
US stocks fall on recovery concerns: Fears that the US economic rebound from covid has peaked led shares to fall…
Still counting cars
Passenger car sales grew 43% y-o-y in July, with some 17.8k vehicles sold during the month, up from c. 12.5k…
EMs cannot weather another taper tantrum storm, IMF says
EMs cannot withstand another taper tantrum, says IMF: Emerging Markets whose balance sheets are stretched due to covid-19 could see…
GM eyes further Egypt investments as gov’t incentives auto exports
General Motors could be looking to invest more in Egypt. That’s the key takeaway from GM MEA President and Managing…
Odiggo lands USD 2.2 mn seed funding, plans Nasdaq IPO
Odiggo lands seven-figure USD seed funding, plans Nasdaq IPO: Egyptian auto startup Odiggo has secured USD 2.2 mn in seed…
Investors flock to ETFs to mitigate China risk + BTC headed for 50k?
Wary of Beijing’s tech smackdown, some EM investors are trying to avoid China: Equity investors who prefer emerging markets yet…
Abou Ghaly Motors is now local agent of Geely
Geely cars will now be sold in Egypt by Abou Ghaly Motors: Chinese carmaker Geely Auto has inked an agreement…
GB Auto net income triples in 2Q off of higher revenues
GB Auto’s net income more than tripled to EGP 374.3 mn in 2Q2021, compared to EGP 115.8 mn in the…
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