PM Madbouly inaugurates Geely assembly plant in Egypt with 45% local component

Egypt’s Prime Minister Mostafa Madbouly has officially inaugurated the Geely car assembly plant located within the Bavarian Auto Manufacturing Company in 6th of October City. Following the ribbon-cutting ceremony, Madbouly toured the facility, inspecting its advanced production lines. During the visit, Madbouly reaffirmed the government’s commitment to fostering industrial development,…

Suez Canal signs MoU with Omani Integrated Logistic Services

Osama Rabie, Chairperson of Suez Canal Authority, witnessed on Wednesday, the signing of a Memorandum of Understanding (MoU) with Omani Integrated Logistic Services SAOC. The signing ceremony, held at the Authority’s headquarters in Ismailia.   The MoU outlines discussions on potential cooperation in various fields, including training and ship repair.…

CIB completes EGP 1.82bn securitization transaction for GB Leasing

The Commercial International Bank (CIB) Egypt has successfully completed its ninth securitization transaction for GB Leasing, valued at EGP 1.82bn. This marks a significant milestone in the company’s ongoing three-year securitization bond issuance program, which totals EGP 15bn. In collaboration with CI Capital, CIB acted as the financial advisor, manager,…

Egypt, Luxembourg discuss strengthening economic, investment ties

Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, met with Xavier Bettel, Luxembourg’s Deputy Prime Minister and Minister of Foreign and External Trade, to discuss enhancing economic and investment relations between the two nations. The meeting focused on identifying areas of cooperation that would foster mutual growth and benefit…
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