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Egypt passenger car sales up 10.8% y-o-y in January to 11,460 vehicles
Total car sales were up 10.8% y-o-y in January to 11,467 vehicles, compared to 10,347 in January 2018, according to…
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Earnings Watch: Edita, Elsewedy Electric, GB Auto, EKH, PHD, ACC, NBK
EARNINGS WATCH- High-profile snackfood maker Edita recorded a 20.4% y-o-y increase in net profit in 4Q2018 to EGP 128.3 mn,…
Korea Eximbank to finance SMEs in Egypt
The Export-Import Bank of Korea (Korea Eximbank) will provide financing to Egyptian SMEs as part of the USD 3 bn…
GB Auto to push efficiency as theme for 2019
GB Auto pushes efficiency, guides for top- and bottom-line growth in 2019. “Our main theme this year is efficiency, as…
ITIDA, Valeo Egypt sign automotive artificial intelligence R&D agreement
The Information Technology Industry Development Agency (ITIDA) has signed a three-year EGP 21 mn research and development (R&D) agreement with…
Tax Authority issues formula on how to tax tuk tuks
The Tax Authority published in the Official Gazette on Thursday the tax formula for how it will tax tuk tuks,…
Munich Security Conference in the limelight on Egypt’s talk shows
The Munich Security Conference was the highlight of last night’s talk shows, with Hona Al Asema’s Lama Gebril (watch, runtime:…
Brilliance Auto to assemble China-origin cars in Egypt by early 2020
Brilliance Bavarian Auto is planning to begin assembling its China-origin H330 and V3 models in Egypt by early 2020, general…
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