Egyptians invest their dollars into real estate, pushing prices up 40% since flotation
Demand keeps growing despite unjustified price hikes, says head of Building Materials Division
$2.2bn to establish water pumping and storage facility for electricity production in Ataqa
The Ministry of Electricity is preparing to conclude a contract with the Chinese company Sinohydro to establish a water pumping and storage facility to generate 2,100MW of electricity at a…
Tiggo bestselling Chinese car in Egypt in Q1 2017
The Chery Tiggo sold 568 vehicles between January and March, with a value of EGP 119.3m, toppingall Chinese brands. The Tiggo is one of the most popular Chinese cars in…
Madrid’s diesel ban panics carmakers, shifts pollution problem
To fight air pollution, Madrid is among cities around the world that have vowed to ban diesel vehicles by 2025. This leaves car dealers with lots full of autos no…
Former Germany player Tripp: ‘Draisaitl on his way to becoming a top-10 NHL player’
Germany face Latvia in a game that will decide who will advance to the quarterfinals of the worlds. DW asked former Germany player John Tripp for his views on the…
Sales of passenger cars in Egypt valued at EGP 7.15bn during Q1 2017
The automotive market achieved sales of EGP 7.15bn during the first quarter (Q1) of 2017, as more than 19,700 units were sold—a 46.5% decrease in comparison to the same period…
Germany to deliver more submarines to Singapore
Germany and Singapore have inked a contract on the delivery of two more submarines for the Asia Pacific nation. Countries in the area have all stepped up their efforts to…
Verna sells 864 cars in three months
The Hyundai Verna topped the sales of Korean cars in Egypt in the first quarter (Q1) of 2017, selling 864 units for EGP 125.2m.The Verna is considered the cheapest Korean…
Opel Insignia tops European car sales in Egypt
The Opel Insignia has topped the market for European cars in Egypt during the first quarter of this year, with 526 units sold for EGP 294.5m. The Opel Astra came…
Nissan tops Japanese car sales in Egypt
The new Nissan Sunny was able to remain atop the list of most sold Japanese cars in Egypt throughout the first quarter of this year, recording sales of 2,806 units…