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Russia eyes vehicle assembly in Egypt
Egypt could see locally assembled Russian vehicles: Russia is keen to expand its manufacturing partnerships with Egypt, especially when it…
Tuk-tuk owners should be able to swap their vehicles for natgas microbuses next month + we have a price tag for EVs infrastructure
Tuk-tuk owners will soon be able to apply to the natgas transition scheme: The cabinet yesterday decided to expand the…
More industries qualify for export subsidies under new program
We now have more details on the state’s new export subsidy program: Exporters in the automotive, ceramics, pharma, electronics, and…
EV testing starts in July
Egypt will start testing China’s E70 EV cars next month ahead of launching an assembled-in-Egypt E70 in 2022: State-owned El…
Flat6Labs hits first close on USD 20 mn Jordan fund + Egypt’s Odiggo expands to Dubai
Cairo-headquartered startup accelerator Flat6Labs has reached a USD 7.4 mn first close on a USD 20 mn seed fund targeting…
Of Poles, Elaraby and property taxes…
Ain Sokhna could be home to a new Polish industrial zone spanning up to 1 mn sqm in the Suez…
Fire at El Marg detention facility kills 6, injures dozens
It’s a mixed bag in the foreign press this morning: Haaretz suggests that, with diplomatic efforts failing to produce a…
Earnings: state-owned El Nasr Civil Works, Egyptalum remain in the red
EARNINGS WATCH- State-owned Egyptian Aluminium Company (Egyptalum) saw its net losses narrow to EGP 348 mn in 9M2020-2021, compared to…
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