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Earnings Watch: Elsewedy Electric, Contact Financial, Beltone
EARNINGS WATCH- Elsewedy Electric’s net income rose 75% to EGP 700.1 mn in 1Q2021, up from EGP 400 mn in…
Big plans for railway manufacturing in the SCZone
Four foreign companies have bid to partner on a facility that will produce rail cars in the Suez Canal Economic…
No more used EV imports as industry gets ready for local assembly
Importers can no longer bring in used electric vehicles (EVs) under a new Trade Ministrydecision designed to boost local EV…
The global chip shortage has officially hit our local auto industry
Major car manufacturers including GB Auto have been forced to slash production due to the global chip shortage, Khaled Saad,…
Meet our analyst of the week: Arqaam Capital’s Nour Eldin Sherif
OUR ANALYST OF THE WEEK- Nour Eldin Sherif, associate director at Arqaam Capital (Linkedin). My name is Nour Eldin Sherif…
Unionaire rebrands as UGT
Unionaire Group Technology has announced its rebranding toUGT. The new entity will include Unionaire, Premium, Fine Stone and TCL, and…
Smoke ‘em if you’ve got ‘em
New rules for the license to establish Egypt’s second major tobacco company are now officially being drawn up by the…
ADQ’s Agthia is one step closer to Atyab takeover
ADQ Holding’s Agthia to move forward with Atyab acquisition soon: Emirati state-owned investment firm ADQ Holding’s food subsidiary Agthia has…
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