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Al Safy-El Nasr alliance names Yehia A. Halim as SN Automotive CEO
A. Halim brings three decades of auto industry experience to the role
IFC, CIB to help energy-intensive industries slash emissions
PLUS- Osool ESB’s board approved Abu Dhabi-based Amass Investments’ offer to acquire a EGP 100 mn stake
Arab Organization for Industrialization to set up tire manufacturing city with unnamed Chinese partner
The first tire factory in the city will kick off operations within a year
El Nasr Auto and Al Safy Group form auto assembly JV with USD 40 mn in initial investments
Three locally assembled models are slated for launch by mid-2025
El Nasr Automotive restarting production put the country's efforts to localize the auto industry in the limelight
The firm has officially restarted operations after a 15-year hiatus
El Nasr Automotive back in gear after 15-year assembly pause
The automaker’s factory currently has an annual production capacity of 300 buses, which the company hopes to increase 1.5k by…
Auto sales fall to ten-month low in January. PLUS: El Nasr to team up with Chinese company to assemble buses
Buses, trucks, and passenger cars all saw a decline in sales in comparison to December
Arab International Company for Hotels and Tourism eyes asset sales to pay off debts. PLUS: Egyptian-Chinese cars by 2025, Egypt commits to Eni payments, MSC eye logistics investments, Real Estate Tax Authority + E-Tax, Banque Misr SME platform
Unconfirmed media reports in 2023 said that the company had received a USD 320 mn offer from a Qatari group…
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