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Business
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Economy
8/31/2023 10:37:32 PM
Prime Minister Mostafa Madbouly announced on Thursday that the state is ready to provide a package of incentives to encourage the localization of the automotive industry in Egypt.
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Business
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Economy
8/27/2023 4:02:53 PM
A tough market has seen vehicle sales in Egypt in the first half of 2023 plummet by 69.8 percent compared to the same period last year, according to a report by the Automotive Information Council (AMIC).
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Business
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Economy
8/25/2023 5:50:09 PM
Egypt's Prime Minister Mostafa Madbouly said the government is working to promote the private sector’s role and increase its contribution to the national economy to 65 percent in the next few years.
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Business
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Economy
7/24/2023 3:42:44 PM
Yazaki, a Japanese car parts supplier, has signed an agreement with the Governor of Fayoum to allocate land for a new factory that will be constructed by the company's local subsidiary using 30 million euros ($33.27 million) in investments, according to a statement by the Egyptian cabinet on Monday.
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Business
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Markets & Companies
6/21/2023 1:38:03 PM
GB Corp, the leading automotive company that ownsGB Auto and the non-bank financial services company “GB Capital”, announced the launch of 'Kredit,' a new SME lending company, according to a statement released on Wednesday.
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Business
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Economy
6/15/2023 3:32:28 PM
The number of licensed vehicles in Egypt declined by 8.9 percent to 9.9 million at the end of 2022, down from 10.9 million a year earlier, reported the Central Agency for Public Mobilization and Statistics (CAPMAS).
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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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