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Raya Holding moves into car assembly
Raya Holding’s board of directors approved a decision for the company to move into assembling cars and two- and three-wheelers,…
Automotive
NRA’s purchase of 1,000 new train cars to cost EGP 16 bn
The National Railway Authority’s (NRA) planned purchase of 1,000 new train cars will cost EGP 16 bn, Transport Minister Hisham…
Discussions to reopen Port Tawfiq-Jeddah shipping line
The joint Egyptian-Saudi maritime transport committee began deliberations on the possible reopening the ferry route connecting Jeddah with Port Tawfiq…
Ferry between Ain Al Sokhna, Hurghada and Aqaba set to launch
DP World Sokhna is gearing up to launch a passenger ferry between Ain Sokhna, Hurghada, and Aqaba in the next…
Automotive prices to decrease 10-20% by beginning of 2018?
Auto dealers are expecting car prices to drop 10-20% over the next two months and through the beginning of 2018…
Industry worse off without automotive directive -Al Borsa poll
It would appear that the majority of the auto industry believes the industry is worse off without the Automotive Directive,…
Uber and Careem ask for group transport licenses to add new public buses to their services
Ride-hailing apps Uber and Careem submitted requests to the Public Transport Authority asking for licenses to include a group transport…
Morocco to overtake Egypt as North Africa’s largest auto market
Morocco’s automotive market is set to surpass Egypt’s as North Africa’s largest by the end of the year, says a…
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