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Lexus coming to Egypt?
Lexus is coming to Egypt: In other auto industry news, Toyota Egypt has reportedly signed an agreement with Lexus —…
SPEED ROUND
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German consultancy to conclude its assessment of Automotive Directive in one month
The German consultancy firm hired to advise on the redrafting of the Automotive Directive should complete its work within a…
FRA boss expects Capital Markets Act to be issued in February
LEGISLATION WATCH- The Capital Markets Act is expected to come out sometime in February, Financial Regulatory Authority (FRA) head Mohamed…
Fitch revises Egypt’s outlook to ‘positive,’ affirms rating at ‘B’
Fitch revises Egypt’s outlook to positive, affirms rating at ‘B:’ Ratings agency Fitch has revised Egypt’s long-term foreign currency issuer…
British construction company Carillion insolvent
British construction firm Carillion collapsed yesterday after banks refused the firm further financing, Reuters reports. The 200-year-old firm went into…
Sadat will not contest presidential elections
Mohamed Anwar Sadat announced he will not be running in the presidential elections in March, The Associated Press reports. Sadat…
Higher Education Ministry looking to attract EGP 35 bn for new schools
The Higher Education Ministry is looking to attract EGP 35 bn in investments to finance the construction of new private…
Kabil announces plans for largest textile industries city in Egypt
Gov’t announces USD 2 bn textiles city: Trade and Industry Minister Tarek Kabil announced plans yesterday to establish Egypt’s largest…
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