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NBE considering funding used cars purchasing
The National Bank of Egypt may create a product to finance the purchase of second-hand vehicles, head of the bank’s…
Automotive
Careem launches services in Canal governorates
Ride-hailing app Careem launched services in Suez, Port Said, and Ismailia, under a campaign dubbed “Careem in Canal,” the company…
Nissan and Hyundai top the market in sales in 1H2017
Nissan led auto sales in 1H2017 with a 26% market share and 40,000 units moving into the marketplace, reports Al…
CPA files complaint with prosecutor General against Bavarian Auto Group
The Consumer Protection Agency (CPA) filed a case against Bavarian Auto Group with the Prosecutor General, CPA head Atef Yakoub…
Egypt is part of COSCO’s expansion plans in the Mediterranean
Egypt is part of China’s COSCO Shipping’s plans to expand internationally and Hellenic Shipping News suggests that they are taking…
Transport Ministry looking to fund local components for electrical train ahead of inking USD 725 loan agreement with China
The Transport Ministry is on the lookout for someone to fund the USD 500 mn venture to manufacture local components…
Costs of Abu Tartur railway renovation mounts to USD 300 mn
The costs of upgrading the freight line connecting Egypt’s biggest phosphate mine at Abu Tartur to Safaga port looks set…
Careem investments in Egypt reach USD 10 mn
Ride-hailing app Careem invested USD 10 mn in Egypt since it opened shop here, Careem Egypt COO Ramy Kato says,…
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