GB Auto (Auto.CA) announced that it has signed a memorandum of understanding (MoU) with car rental application company, Careem,  in which it will provide Careem drivers discounts on its vehicles, which include Hyundai, Chery, Geely and Mazda, in addition to a range of offers and discounts on maintenance services and spare parts in all of the company’s service centres. The agreement also includes a trade-in policy for existing vehicles through GB Auto’s Fabrika pre-owned vehicles business. (Al Mal)   GB Auto: EGP1.83 as of 18 October 2016, Rating: Buy, FV: EGP3.80 per share, MCap: USD225mn, AUTO EY / AUTO.CA