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75% increase in Chinese direct investments in Egypt in H1 2017

China has raised its direct investments in Egypt by $106m, an increase of 75% over the same period last year, according to Han Bing, minister counselor for economic affairs at the Chinese Embassy in Cairo. Bing said, at a press conference at the embassy held Tuesday, that China ranks sixth of all source countries of …

Shaimaa Al-Aees

Geely Emgrand 7

Ghabbour Auto acquires 96.8% of Chinese sales

The monthly report released by the Automotive Marketing Information Council (AMIC) of November revealed that the Chinese car market recorded sales worth EGP 1.8bn, with 12,000 sold units from January until February 2016. Ghabbour Auto took over the market of Chinese cars, representing 96.8% of the market’s sales. The two brands Geely and Chery sold …

Daily News Egypt

Chery and Geely acquire 97% of Chinese-origin sales

Ghabbour Group has managed to keep control of the Chinese automotive market, acquiring 97% of its total sales. The brands Geely and Chery registered sales of 8,981 units over nine months out of a total of 9,255 Chinese-origin units sold. The competition was limited to two brands, Geely and Chery, six months following Chery’s entry …

Ahmed Amer

GB Auto acquires 96% of Chinese-made car sales

Ghabbour Auto was able to acquire 96% of the Chinese car market in Egypt. Its two main brands, Chery and Geely, recorded sales of 5,777 units over the first seven months of 2016. The entire Chinese car market in Egypt achieved sales of 6,013 units over that same period, though the competition was limited between …

Daily News Egypt

Low supplies cause car prices to rise in September

Coinciding with September’s deliveries, further price hikes have swept across approximately 137 models from all the well-known brands in the automotive market, registering record highs as a result of the price increases companies have put in place on newly imported shipments and the low supply offered in the market. These price hikes were registered for …

Ahmed Amer

Pitfalls of Turkish-Chinese relations in a microcosm

By James M. Dorsey Turkish football player Alpaslan Ozturk’s decision to risk fame and wealth by expressing support for the embattled Turkic Uighur minority in Xinjiang reflects pressures in China’s ties to Turkey, its most complex relationship in the Muslim world, and a key node on the Silk Road that Beijing hopes to revive with massive …

Daily News Egypt

Bite Me Cairo: Wok This Way

For many years I renounced Chinese food here in the Big Mango because the choices are limited. I drifted towards Japanese, Thai, Vietnamese when I could get it.

David Blanks

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