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Egypt
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Urban & Transport
5/2/2023 9:02:07 PM
Japanese automotive giant Toyota Tsusho has unveiled its strategy to revive the automotive industry in Africa by establishing two localised factories within the continent, with Egypt as one of the preferred countries to host one factory, said former chairman of the Japanese company Jun Karube on Tuesday.
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Business
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Economy
4/19/2023 5:27:21 PM
Nigerian automotive technology company Autochek has announced the acquisition of a majority stake in Egypt's AutoTager, a company operating in the same field, according to a press release on Tuesday.
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Al-Ahram Weekly
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Egypt
3/7/2023 9:42:26 PM
Falling sales coupled with a surge in prices do not mean that vehicle prices will not go up again
in the near future, reports Amira Hisham
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Al-Ahram Weekly
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Egypt
1/17/2023 9:54:36 PM
The new and used car market in Egypt has slumped due to a host of local and global conditions, reports Amira Hisham
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Business
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Markets & Companies
12/6/2022 10:09:23 PM
Egypt-based fintech investment platform Exits.me closed a buy-side deal with KSA-based Morni Holding earlier this month in Dubai, UAE, in the presence of Exits.me CEO & Co-founder Mohamed Abu El-Naga and Salman Al-Suhaibaney Founder and Chief Commercial Officer of Morni Holding, the two sides announced on Tuesday.
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COP27
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Sharm El-Sheikh
10/19/2022 11:15:38 PM
Egypt’s Ministry of Foreign Affairs signed a Memorandum of Understanding (MoU) with General Motors (GM) and Al-Mansour Automotive Group on Tuesday for them to become the exclusive principal mobility partner for the 27th session of the United Nations Conference on Climate Change in Sharm El-Sheikh 6-18 November.
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Business
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Markets & Companies
9/26/2022 5:49:46 PM
In keeping with its innovative implementation of new automotive retail concepts, Ezz Elarab Star inaugurated their first Mercedes-Benz test drive center at Madinaty Golf Club designed to serve customers in East Cairo and allow them to learn about the latest Mercedes-Benz models and to test-drive their favorite car models.
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Business
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Markets & Companies
8/30/2022 6:45:20 PM
Egypt’s General Authority for Investment and Free Zones (GAFI) signed a memorandum of understanding (MoU) on Tuesday with the Dutch multinational automotive company Stellantis to study driving further investments into the country’s automotive industry sector, a cabinet statement said.
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Business
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Markets & Companies
8/29/2022 3:22:01 PM
Spare Parts for European Cars Available with a 2-year Warranty.
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Egypt
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Urban & Transport
8/24/2022 4:48:21 PM
Egypt’s automotive market is seeing unprecedented stagnation due to a confluence of factors, causing a dearth of new cars and a dramatic spike in used-car prices.
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Business
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Economy
8/16/2022 12:29:23 PM
Ezz Elarab Automotive Group, the sole importer and exclusive distributor of Volvo cars in Egypt, recently celebrated receiving the Volvo Excellence Award for the very first time.
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Business
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Markets & Companies
8/10/2022 5:43:19 PM
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Al-Ahram Weekly
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Economy
6/21/2022 9:43:43 PM
Major steps are being taken to localise car manufacturing and associated industries in Egypt, reports Khaled El-Ghamry
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Egypt
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Urban & Transport
6/14/2022 11:04:46 PM
Egypt’s Prime Minister Mostafa Madbouly launched the national strategy for localising the automotive industry on Tuesday during a visit to East Port Said Industrial Zone.
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Business
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Economy
4/5/2022 7:02:27 PM
Japan's giant automotive components producer Yazaki Europe Limited is set to establish a factory in Egypt's Fayum governorate, southwest of the capital Cairo, to produce braided wires for cars, with initial investments of up to 20 million euros.
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Business
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Markets & Companies
3/13/2022 11:50:55 AM
Ezz Elarab Automotive Group — the sole importer and exclusive distributor of Volvo cars in Egypt — recently inaugurated their latest showroom for the luxury brand in the Egyptian market in partnership with one of their most significant distributors — El-Ahmady Motors.
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Egypt
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Urban & Transport
3/10/2022 10:28:28 PM
Egypt is preparing to launch the national strategy for developing the automotive industry, which includes incentives to locally manufacture electric vehicles, the Cabinet has announced.
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Egypt
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Urban & Transport
3/6/2022 4:38:00 PM
Gasoline pumped at fueling stations nationwide in Egypt conforms to international standards, Egypt’s Ministry of Petroleum and Mineral Resources said in response to a European automotive association’s recent allegations that the country uses “low-quality gasoline” that leads to “technical issues in vehicles.”
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Business
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Markets & Companies
1/26/2022 5:44:42 PM
Ezz Elarab Automotive Group, the sole importer, and exclusive distributor of Volvo cars in Egypt, has recently announced the launch of the latest showroom for the Swedish brand in One Katameya, East Cairo. The launch was attended by senior executives from Volvo Cars, Ezz Elarab Automotive Group’s board of directors and senior management, as well as a selection of media representatives.
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Egypt
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Urban & Transport
12/21/2021 4:11:59 PM
Egypt has asked the representatives of US multinational automotive giant General Motors (GM) and Al-Mansour Automotive Company to submit a comprehensive study of their plans to manufacture electronic vehicles locally, as they plan to launch electric, eco-friendly vehicles in the country in 2022.
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