Passenger cars achieve EGP 18bn in sales in first 7 months of 2016
The automotive market struggled to move 84,400 passenger car units during the first seven months of 2016, with a total value of EGP 18bn. Korean brands maintained the top spots…
Kia Sportage outperforms Opel Astra sales
Kia Sportage took the top spot from Opel Astra in sales of European-origin cars. Though headquartered in Seoul, South Korea, Kia Sportage is manufactured in Slovakia before it is imported…
New Sunny tops sales of Japanese models with EGP 997.3m
Nissan’s New Sunny model registered sales of EGP 997.3m in the period between January and July, making it the bestselling model in the Japanese auto industry in the Egyptian car…
The Egyptian opposition and the illusion of the ‘unknown’ revolution
It seems that nearly seven years after the 25 January Revolution, some forces, elites, and platforms still have not absorbed the learned lessons. They have not given themselves the chance…
Bureaucracy is killing this country: CEO of WVB
World Vest Base (WVB) is a global finance intelligence institution that operates in several countries, including Egypt, to create comprehensive financial databases on businesses (specifically non-US companies), and…
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…
Brilliance to set up plant for local assembly, integrated service centres at cost of $84m: general manager
The company addressed the government to allocate the required land for the project
The banks and the sinking boats
Who among us did not suffer when hearing the news of the over 200 souls who drowned in the sinking of an illegal migrant boat off Egypt’s coast? Most of…
Egypt struggles to implement IMF’s conditions before board meeting
The foreign exchange reserves registered $19.59bn in September, an increase of 18.2% compared to August, says the CBE
Fully liberalised exchange unlikely: Arqaam Capital
Following Beltone’s research report, Arqaam releases its perspective on the specifics of a likely partial floatation of the Egyptian pound
