Automotive News
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UberX arrives in Cairo
The mobile App that provides safe, easy and fast transportation in 270 cities is now available in Cairo.
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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.
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Marine Centre International boosts its technical team
Leading Yacht dealer based in Gouna boosts its technical staff to support yacht owners.
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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
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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.
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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
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Suez Canal revenues record $445.5m in December
The Suez Canal is a key source of foreign currency for Egypt
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Aston Martin launches in Egypt
Various models of Aston Martin will be available on order
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Customs confuses automobile market calculations
Pilot prices for European products rang between fact and fantasy, agents complain about excessive customs values.
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Egypt's GB Auto says plans $134 mln rights issue
The rights issue would increase GB Auto's capital to 1.1 billion pounds, the company said in a statement.
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Pirelli signs MOU with Egypt for plant expansion
The investment is expected to happen over a 3-year period and would result in an annual production increase of about 300,000 tyres.
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Egypt's GB Auto profits rise 254% in Q3
Egyptian car assembler and distributor sees surge in profits on highest sales of passenger cars in five years.
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Egypt ministries to use energy efficient cars and appliances
Egypt is suffering from an energy crisis that has worsened considerably since the 2011 uprising.
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Cars prices in Egypt grow amid consumer frustration
Car experts blame high US dollar exchange rates and popular demand for fuel saving cars for increase.
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Mercedes-Benz enhances its program with the Children’s Cancer Hospital 57357
Mercedes-Benz and the Children’s Cancer Hospital 57357 are providing treatment to a bigger number of children saving hospital beds.
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Egypt's GB Auto second-quarter profit more than doubles
Sales of commercial vehicles and construction equipment more than doubled in comparison with the same period last year.
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Egypt's car sales up 56% despite lifting of subsidies
The sales of passenger cars segment in June witnessed a 53% increase compared to June 2013, whilst truck sales surged 73%.
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Egyptian automotive corp to exclusively manufacture Russia Lada Granta
Al-Amal is expected to be the sole manufacturer and assembler of Lada Granta in the Middle East and Africa once it starts production in Q4/2014.
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Mercedes-Benz launches the all new C-Class in Egypt
The new Mercedes-Benz C-Class is set to establish new standards in the premium medium-size category.
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Egypt's licensed vehicles rise to 7 million in 2013: CAPMAS
Nearly 10 percent rise in vehicles nationwide last year, with passenger cars ahead in terms of number.