Vista Equity Partners Opens Abu Dhabi Office to Expand Middle East Technology Investment Platform
Vista Builds A Regulated Base In Abu Dhabi Abu Dhabi is drawing another major global investor into its financial district, as Vista Equity Partners opens a new office within ADGM, the emirate’s international financial center. The enterprise software investment firm…
Omega Seiki Mobility to invest $25m in first EV assembly plant at Dubai’s Jafza
Homegrown electric vehicle manufacturer Omega Seiki Mobility (OSM), on Wednesday, announced it will invest $25 million (AED 92 million) over the next five years to set up its first international electric vehicle assembly plant in Dubai’s Jebel Ali Free Zone…
Europe Investing €200bn in EV Manufacturing & Supply Chains
Countries in the European Economic Area and Switzerland have committed almost €200bn (US$232.7bn) to electric vehicle ecosystems, including manufacturing and supply chains. This figure includes €109bn (US$127bn) for the battery supply chain, up to €46bn (US$53.5bn) for public charging networks…
For the average price of a car in the US, you could buy 5 new Chinese EVs
The Beijing Auto Show that opened to the public this week is a showcase for how hypercompetition in China has driven new car prices in the world’s largest car market to a fraction of the level of the next-largest market,…
EFG Corp-Solutions, Infinity pen Egypt’s first EV charging infrastructure leasing agreement
EFG Corp-Solutions, a subsidiary of EFG Finance and part of EFG Holding, has signed Egypt’s first leasing agreement for electric vehicle (EV) charging infrastructure with Infinity, as per an emailed press release. The agreement introduces a financing model aimed at supporting…
Renault Trafic E-Tech Electric Van — 800 Volt Platform & Much More
At the Solutrans 2025 auto show in Lyon, France, last week, Renault officially unwrapped its new Trafic E-Tech Electric, a battery-powered commercial vehicle that features an all new skateboard design from Ampere, the Renault division that is responsible for designing,…
Ford Trucks unveils its first production-ready electric truck, the F-Line E
Ford Trucks is presenting two new products at Solutrans in Lyon (18–22 November): the next generation of the Ford F-Max as a classic diesel and the F-Line E, Ford’s first foray into the electric truck sector. The electric truck will…
World premiere: Renault Trucks unveils E-Tech T 780 with a range of 600 km
Renault Trucks has unveiled the E-Tech T 780 and its derivative, the E-Tech T 585. Although these are new members of the E-Tech T family, the duo has little in common with the company’s existing E-Tech T. These are two…
Flexis Selects AMPECO to Enable New-Generation Fleet Electrification for Last-Mile Delivery
French joint venture backed by Renault Group, Volvo Group, and CMA CGM selects AMPECO for mission-critical depot charging operations across Europe Flexis, a new-generation automotive OEM and a joint venture between Renault Group, Volvo Group, and CMA CGM, has partnered…
Low Oil Prices Force Saudi Arabia to Tap More Debt
Saudi Arabia’s budget deficit is growing this year as oil prices are down from last year’s levels and well below the $90 per-barrel price the Kingdom is estimated to need to balance its budget. Brent Crude oil prices have declined by…