Automotive News
-
Goodyear celebrates 10 years in Egypt, offers new tyres
Egyptian market consumes 5m tyres per year, says regional General Manager.
-
Egypt's GB Auto says shareholders take up $125.8 mln cash call
GB Auto said it raised 958.7 million Egyptians pounds, or 99.86 percent of its proposed $960 million rights issue.
-
Mercedes-Benz denies withdrawal from Egyptian market
Market is unstable due to fallacy of statements, lack of understanding, company heads say.
-
Orascom, Bombardier to build $1.5 billion monorail in Egypt
The train will connect the Cairo metro system, which is being expanded, to areas west of the capital including 6th of October City and Sheikh Zayed.
-
Chevrolet, Hyundai lead automotive market sales
Volume of vehicles YTD sold reach 72,193 units.
-
Hyundai Verna most sold car in Egypt
EGP 1.4bn in Korean car sales in Egypt in the first two months of 2015.
-
Egypt’s Railway Authority’s 2015/2016 budget may reach EGP 12.8bn
The investment plan will be the authority’s largest and would focus on the much-needed revamping of run down facilities.
-
Egypt signs $600 mn deal with Chinese company to upgrade railway
Large percentage of Egypt's railway system is outdated.
-
Automotive market to finalise specifications for cars
First ten specifications will soon be implemented on imported cars.
-
Ghabbour Auto and Cisco Join Forces to Drive ICT Education in Egypt
Egypt’s Leading Automotive Assembler and Distributor Calls on Cisco to deploy the latest Network Infrastructure Technology Solutions and to deliver free ICT Skills Training.
-
CBE halts Egyptian automotive market
Most companies working in the automotive sector confirmed fears that if the situation continues will lead to a new and unprecedented disaster for the automotive sector.
-
Giza Automotives expects 5% increase in car market prices
If the dollar exchange rate keeps increasing against the Egyptian pound, the total costs of the domestic and imported cars will increase at the same rate of dollar.
-
UberX arrives in Cairo
The mobile App that provides safe, easy and fast transportation in 270 cities is now available in Cairo.
-
293,000 cars sold in Egyptian auto market during 2014
We expect to sell 352,000 cars in 2015 with a growth rate of 20%, says Mustafa Hussein.
-
Marine Centre International boosts its technical team
Leading Yacht dealer based in Gouna boosts its technical staff to support yacht owners.
-
Kuwait's Al-Kharafi to establish Mitsubishi plant in Egypt
Al-Kharafi CEO says his company plans to expand its business in Egypt following a meeting with Egyptian premier Ibrahim Mahlab in Kuwait
-
Agreement signed converting 2,000 cars to run on natural gas
210,000 cars running on natural gas, 180 supply stations and 74 conversion centers created between 2012 and 2014.
-
Federation of Egyptian Industries submits proposal amending automotive sector taxation
The proposal includes reassessing the sales tax on local and imported cars to boost domestic products
-
Suez Canal revenues record $445.5m in December
The Suez Canal is a key source of foreign currency for Egypt
-
Aston Martin launches in Egypt
Various models of Aston Martin will be available on order