Arab Finance: Mansour Group plans to invest over $150 million in Egypt to establish a new factory for assembling both conventional and electric vehicles, Asharq Business reported, citing Chairman Mohamed Mansour.

However, the specific timeline for the factory's opening was not disclosed.

Mansour also expressed confidence that a negotiated solution would resolve the ongoing US tariff dispute, which has caused significant volatility in global financial markets since last week.

He expected that this dispute to be resolved in agreement, expressing optimism it might not last. 

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