Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The Egyptian market has the capacity to produce up to 100k cars a year, Federation of Egyptian Industries’ auto division member Alaa El Sabh tells Ahram Gate. Auto makers currently manufacture between 50-60k vehicles per annum. Trade and Industry Minister Tarek Kabil had said thatEgypt was looking to attract USD 5 bn in new auto […]
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Used car market sees modest movement but dealers say not a recovery
Used car dealers said sales in their segment have seen a modest recovery over the summer, according to Al Mal. The traders added that they think the rise comes from stabilizing prices and a seasonal rise in the summer. Dealers, however, doubt that the good times will continue, as inventory of cheaper cars clears out […]
Posted inOther Business News of Note
Tawassol looking to launch Al Hayat English channel
Tawassol for Public Relations is considering launching an English channel of Al-Hayat, which it acquired last week, Chairman Sherif Khaled said yesterday, Al Mal reports.
Posted inEgypt Politics + Economics
Aswan court orders release of 24 Nubian protesters on EGP 1,000 bail
A court in Aswan ordered yesterday the release of 24 Nubian protesters on bail of EGP 1,000 each, the Associated Press reports. The protesters were arrested earlier this month for marching in an unsanctioned protest to call for the return to their ancestral homeland.
Posted inEgypt Politics + Economics
Suez Canal revenues reach USD 470.6 mn in August
Suez Canal revenues rose for the month of August to USD 470.6 mn from USD 447.1 mn in July,according to AMAY.
Posted inNational Security
RAF delegation in Cairo to discuss cooperation on search and rescue
A British Royal Air Force (RAF) delegation arrived in Cairo Monday to discuss search and rescue operations with their Egyptian counterparts, according to an official statement from the British Embassy. The search and rescue are from the RAF’s 84th squadron and are discussing areas of cooperation and joint rescue efforts where the need arises.
Posted inON YOUR WAY OUT
Egyptian online platform Tyro is connecting students to qualified instructors through online sessions, Menna Farouk writes for Wamda. Just this month, Tyro closed its first slice of funding from a Dubai-based investor for an undisclosed value. The startup offers classes for EGP 70 and EGP 200 per hour in subjects including languages, business, and programming. […]
Posted inON YOUR WAY OUT
ON THIS DAY- On this day in 1990, the legislative chambers of the Federal Republic of Germany and the German Democratic Republic approved the reunification treatybetween the two countries. 20 years earlier, the Russian space probe, Luna 16, landed on the moon and became the first unmanned probe to be used to bring objects back […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.62 | Sell 17.72 EGP / USD at CIB: Buy 17.61 | Sell 17.71 EGP / USD at NBE: Buy 17.63 | Sell 17.73 EGX30 (Tuesday): 13,730 (+1.0%) Turnover: EGP 1.4 bn (63% above the 90-day average) EGX 30 year-to-date: +11.2% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
20-23 September (Wednesday-Saturday): 2017 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo. 21 September (Thursday): Islamic New Year, national holiday. 22-24 September (Friday-Sunday): CairoComix Festival, AUC Tahrir Campus, Cairo. 25-27 September (Monday-Wednesday): Egypt Downstream Summit and Exhibition, Kempinski Royal Maxim Palace, Cairo. 23-25 September (Saturday-Monday): Invest In Africa Conference and Exhibitors Summit, […]