Egypt rent law repeal puts 6 million at risk of eviction as rents soar
Egypt’s parliament has repealed a decades-old rent law, putting nearly six million residents at risk of eviction as rents
South Korean car company Hyundai’s local subsidiary SARL Hyundai Motors Manufacturing Algeria, has reportedly teamed up with Oman’s Saud Bahwan Group to build a US$ 400 million vehicle assembly plant in the country. Hyundai however is still awaiting final government approval for the facility after securing marketing approval for its vehicles in May. Hyundai is considering the site of a previous Volkswagen plant in Sidi Khettab, Relizane Province, and according to the reports is looking to assemble compact hatchbacks and SUVs from completely knocked down (CKD) kits starting in 2027.
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