AMIC aims to double investment portfolio within two years

Company plans to enter education, real estate, logistics sectors

Fatma Salah Fatma Salah

AMIC’s reports between cars’ sales figures, actual sales

Parent company does not review its reports with us, says chairperson of…

Nour Ahmed Nour Ahmed

Automotive companies’ profits are 16% of car price, ‘Let it Rust’ campaign is almost over: Masrouga

Daily News Egypt interviewed Raafat Masrouga, the honorary head of the Automotive…

Nour Ahmed Nour Ahmed

Customers’ high expectations led to current car market recession: AMIC

About 180,000 cars were sold in 2018, of which 60% were imported

Daily News Egypt Daily News Egypt

Egypt’s automotive sales reach EGP 34bn in 9M 2018

Many economic factors, crises have left their mark on current automotive sector

Daily News Egypt Daily News Egypt

Egyptian auto market sales grow 10% in January

Sales in January 2018 reached 10,300 units, as price hikes reduce demand…

Ahmed Amer Ahmed Amer

Egypt’s car sales continue to decline in September by 30% 

Chevrolet maintained its top rank among the highest sellers in first nine…

Ahmed Dawoud Ahmed Dawoud

38% decrease in sold units in June, reaching 10,007 units

Demand on locally manufactured cars declines by 39.9%, imported cars by 49.2%…

Daily News Egypt Daily News Egypt

Car sales fell by 45% in May 

Expectations of further decline in sales due to increase in interest rate

Ahmed Amer Ahmed Amer