Saint-Gobain launches construction of third glass factory in Sokhna with €175m investment – Dailynewsegypt
Waleed Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), presided over the groundbreaking ceremony for Saint-Gobain’s third glass production facility. The new factory, covering 200,000 square meters, represents a €175m investment in the region. Concurrently, a solar energy
Biden Administration Announces Rule Aimed at Expanding Electric Vehicles
The regulation would require automakers to sell more electric vehicles and hybrids by gradually tightening limits on tailpipe pollution.
Egypt’s Trade Minister discusses BSH’s business strategy in local market – Dailynewsegypt
Ahmed Samir, Egypt’s Minister of Trade and Industry, convened with a delegation from BSH International, the parent company of the Bosch home appliances brand. The meeting, led by Goken Segen, BSH’s Regional Director, centered on the firm’s ongoing and prospective
Transport Minister meets Spanish ambassador to discuss progress in joint transport projects – Dailynewsegypt
Cooperation encompasses management, operation, maintenance, and re-delivery of various terminals within Egyptian ports
American Battery Solutions wins $166-million DOE loan to expand Ohio and Michigan EV battery plants – Charged EVs
The DOE has offered American Battery Solutions (ABS) a $165.9-million loan under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. The company plans to use the funds to expand
Moharram & Partners sign MoU with GAFI to boost investment-friendly policies – Dailynewsegypt
In a significant move to bolster Egypt’s appeal as a prime investment hub, the General Authority for Investment and Free Zones (GAFI) and Moharram & Partners have inked a three-year cooperation agreement. The signing ceremony featured Hossam Heiba, GAFI’s CEO,
Rameda reports 37% year-over-year increase in 4Q23 revenue to EGP 534m – Dailynewsegypt
Company records 47% growth in core net income to EGP 67m
Subaru Can Do This Or Rivian Can Do It For Them
It's good news that Subaru and Japanese electronics giant Panasonic are finally moving forward on their long-awaited lithium-ion battery partnership. Plenty of Subaru loyalists who were drawn to the brand's earthy image, but disappointed in its lack of modern EV
New draft law to establish emergency relief fund for irregular workers: Social Solidarity Minister – Dailynewsegypt
Estimates indicate employment size to be 10 million workers
TE signs agreement with EXA Infrastructure to boost international data movement via ‘WeConnect’ – Dailynewsegypt
Amr Talaat, Minister of Communications and Information Technology, presided over the signing of a commercial agreement between Telecom Egypt (TE), the nation’s premier integrated telecommunications operator and a major regional submarine cable operator, and EXA Infrastructure, a prominent European entity