IDG targets EGP 3bn investments in industrial zones by 2025
Egypt’s Industrial Development Group (IDG) has outlined its strategy for 2025, aiming to invest EGP 3bn into developing industrial land in various regions across the country. The company plans to accelerate land development and infrastructure improvements in key areas such
FEDCOC urges increased support for manufacturers, advocates for tax exemptions
Ahmed Zaki, Secretary-General of the Exporters’ Division at the Cairo Chamber of Commerce, Chairperson of the African Affairs Committee at the Federation of Chambers of Commerce (FEDCOC), and Chairperson of the Export Committee at the Council of Arab Economic Unity
Egyptian gold demand declines in Q4 2024 amid price hikes
Local demand for gold in Egypt decreased in the fourth quarter of 2024, despite stabilising prices, due to rising inflation and higher price levels, according to the Gold Bullion 2024 report. Throughout 2024, gold prices in Egypt experienced significant fluctuations,
CBE expected to keep interest rates unchanged for sixth consecutive meeting
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its final meeting of the year on Thursday, to decide on key interest rates, which serve as primary indicators of short-term trends for the
CBE to launch $900m T-bill auction
The Central Bank of Egypt (CBE) will conduct a $900m local treasury bill auction tomorrow, Monday. These US dollar-denominated T-bills will mature on 2 December 2025. The proceeds from this auction will be used to settle a previous auction held
Interest Rates, Inflation, EV Sales, & EV Transition In Coming Years
We are all in a weird place right now with what to expect in the US EV market in the coming years. That’s in large part because we have no real idea what Donald Trump is actually going to do
Fewer Americans Want EVs, But Not For The Reasons You Think
- EV demand has fallen while appetite for hybrids has grown, according to a new study from consulting firm EY.
- According to the survey, 11% of U.S. car buyers plan to buy an EV in the next 2 years, down
The EV Slowdown Will Last Another 12-18 Months, Analysts Say
- The current slowdown in electric car sales will last another 12-18 months, analysts from Morgan Stanley said in a new report.
- Starting around 2027, they expect EV sales to start accelerating again.
- Big automakers should team up
Acura undercuts Cadillac Lyriq, Chevy Blazer EV after slashing ZDX rates
Which luxury electric SUV would you choose, the Acura ZDX or Cadillac Lyriq? After slashing financing rates, the Acura ZDX may be a better buy than the Cadillac Lyriq or Chevy Blazer
Almost Every BMW, Audi And Mercedes EV Is Leased
Almost no one is buying German luxury EVs. Roughly 9 out of 10 customers chooses to lease, not purchase, their Mercedes, BMW or Audi EV, per J.D. Power data reported by Automotive News. And the reason comes from everyone's favorite boogeyman: The