CI Capital advises on United Bank’s EGP 4.57bn IPO on Egyptian Exchange
CI Capital has announced the successful execution of the EGP 4.57bn initial public offering (IPO) of United Bank, marking a significant milestone in the Egyptian financial market. This transaction, one of the largest in recent years, makes United Bank the
Tesla Model Y & Model 3 Take Gold & Silver in California Auto Sales (22 Charts)
California, if it was its own country, would be the 4th largest economy in the world. It’s also one of the biggest electric vehicle (EV) markets. So, it’s long been one of the most important EV markets in the world.
Turathna Expo for handicrafts to open Dec. 12 with over 1,000 exhibitors
Basel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), emphasized the agency’s commitment to establishing the Turathna Exhibition as a central hub for Egyptian handicrafts and traditional arts. The event will bring together various ministries, governmental
Egypt urges Syrian-led political process following Assad’s overthrow
Egypt is calling for a comprehensive Syrian-led political process following the overthrow of President Bashar Al-Assad by opposition forces, the Egyptian Ministry of Foreign Affairs announced Tuesday. The ministry stressed the need for a unified Syrian effort, free from external
XPeng’s regulatory filings share plans for facelifts to its G6 and G9 EVs, each abandoning LiDAR
According to regulatory filings in China, EV automaker XPeng Motors is planning upgrades to at least two current models. The filings detail facelifts to the XPeng G6 and G9 SUVs and hint at the automaker’s strategy of
Egyptian banks launch Apple Pay tokenization
Several major Egyptian banks have activated card tokenization services through Apple Pay, following the Central Bank of Egypt’s (CBE) February 2023 approval of regulations for this technology. National Bank of Egypt, Banque Misr, and Commercial International Bank (CIB) are among
Egypt, France strengthen tourism, antiquities cooperation
Sherif Fathy, Egypt’s Minister of Tourism and Antiquities, met with Eric Chevalier, the French Ambassador to Cairo, at the ministry’s headquarters in the New Administrative Capital to discuss enhancing Egyptian-French cooperation in tourism and antiquities. Discussions included strategies to increase
BYD teases next new model, and a possible successor to popular Atto 3
BYD's upcoming Sealion 05 EV spotted in regulatory approval documents, giving a sneak peek into whats to come from leading NEV maker.
The post BYD teases next new model, and a
Health Minister reviews progress, plans for Organ Transplantation System in Egypt
Khaled Abdel Ghaffar, Egypt’s Deputy Prime Minister and Minister of Health and Population, chaired a meeting of the Supreme Committee for Organ Transplantation to review 2024’s achievements and challenges in the organ transplantation sector. The meeting aimed to evaluate progress
Cairo ceasefire talks step up amid escalating Gaza conflict
A high-level Israeli delegation arrived in Cairo this week to participate in Egypt-led discussions aimed at brokering a ceasefire in the Gaza Strip, ensuring the delivery of humanitarian aid, and addressing the intensifying regional crisis. Palestinian factions, including representatives from