Latest in Automotive Highlight

Advertising Area





Latest in Automotive


Auto industry strategy ready next month: Salah Eldin

The final strategy for the automotive industry will be completed next month, according to the head of the Central Administration for Local Manufacturing Development, an affiliate of the Industrial Development Authority (IDA), Alaa Salah Eldin. He added that the strategy focuses on three main axes: establishing domestic manufacturing, export, and quantitative production. He stressed that …

Daily News Egypt

4th Egypt Automotive summit bears hope for auto industry


Workers in the automotive industry have participated in the fouth round of Egypt’s Automotive summit 2017 with great hopes for reviving the industry, amid the current fluctuations in the Egyptian car market. A number of auto experts believe that theis year’s summit tackled all the challenges facing the sector, notably the severe drop in car …

Daily News Egypt

5 banks agree with Go Bus to finance 30 buses

The tourism transport company Go Bus agreed with five banks this month to finance 50% of a deal to purchase 30 tourist vehicles, worth EGP 100m, to be received in April 2018. The five banks are the National Bank of Egypt (NBE), Banque Misr, Emirates NBD, Qatar National Bank (QNB), and the Commercial International Bank-Egypt …

Daily News Egypt

Historic leaps in car prices one year after flotation

The prices of cars have witnessed aggressive changes since the liberalisation of the exchange rate starting in November 2016. Daily News Egypt detected the changes to car prices in the Egyptian market from before the Central Bank of Egypt (CBE) made the decision to float the Egyptian pound last year up until November 2017. The …

Ahmed Amer

Renault ZOE Long Range model launches in Middle East

Renault Middle East has launched its new all-electric ZOE Long Range model in the Middle East. The latest version of Renault’s electric vehicle now boasts a record driving range of 300 Kilometres (in real driving conditions) on a single charge – double the distance of the previous generation ZOE model. The new car’s price starts …

Daily News Egypt

Auto market awaits launch of 4th Egypt Automotive

As the fourth annual summit of the Egypt Automotive Conference approaches next December, a number of auto industry figures have set high hopes for the upcoming summit amid a sharp drop in sales. The experts demanded that all the challenges faced by the sector be exposed to a sharp drop in sales volume, stop pumping …

Ahmed Amer

2018 is the breakthrough of the automotive market

Many economic factors and crises have left their mark on the automotive sector during the current year, most notably the liberalization of the currency exchange rate, the shortage of the dollar availability, the high price of the “customs dollar”, the difficulty of imports and the Mercosur agreement. According to the latest data from the automotive …

Ahmed Amer

Transport Division raises reservations to MERCOSUR for Ministry of Industry this week

According to Vice President of the Transport Division of the Federation of Egyptian Industries (FEI) Samir Allam, the division prepared a memorandum clarifying the impact of the MERCOSUR agreement on the automotive industry. The division will present the memorandum to the Ministry of Industry during the current week. Allam added that the signing and implementation …

Ahmed Amer

Automotive companies fix prices after Automech Formula 2017 concludes

A number of car companies decided to fix prices after offering discounts at the Automech Formula 2017. The automotive market witnessed a rise in the price of a number of models. With the recession plummeting market sales, customers are waiting for discount offers in the coming period, for new car buyers, after the used cars …

Ahmed Amer

Shell signs partnership with Fiat Chrysler

Shell Lubricants Egypt signed a partnership deal with Fiat Chrysler Automobiles-Egypt (FCA) to supply engine oils at the after-sales services centres of all FCA’s brands of Jeep and Chrysler. This local partnership lies under the umbrella of the international agreement between FCA and Shell around the world. Saher Hashim, managing director of Shell, said his …

Daily News Egypt

11 companies showcase 41 new models in 2017 Automech Formula exhibition 

After the end of the twenty-fourth session of the Automech Formula show, which was held for four days, the show witnessed the introduction of 41 new cars from various companies participating in the show. Daily News Egypt reviewed the models and companies that have launched them… Ghabbour Auto Group The company has introduced through Hyundai …

Daily News Egypt