Dubai: Melinda French Gates, who is getting a divorce from Microsoft’s Bill Gates, now has a stake in one of Egypt’s biggest construction companies.
Melinda French Gates, thus, directly holds 6.52 million shares in Orascom Construction, which represent 5.6 per cent of the company’s ordinary issued share capital. A transfer of shares was done on May 10, from Cascade Investment, to Melinda French Gates.
Orascom construction is listed on Nasdaq Dubai and on the Egyptian stock exchange. Melinda French Gates also has an indirect interest of 263,408 shares, representing 0.2 per cent of the ordinary issued share capital, of Orascom Construction held by Bill & Melinda Gates Foundation Trust, of which Melinda French Gates is a co-trustee.
The EU was the largest market by a margin of
60,000 cars, but given China’s larger population, it’s likely the two will switch places in the near future.
Government Incentives Play a Key Role
Government incentives have boosted the transition to battery power in recent years. For example, many countries offer a buyer rebate, which effectively reduces the price a consumer pays for an EV or PHEV.
In Germany, buyers can receive a subsidy of $10,800 when purchasing an EV with a list price of less than $48,000. China also offers a rebate program, where buyers of an EV with a travel range of at least 186 miles can receive a subsidy of $2,500.
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