{"id":703091,"date":"2026-05-18T00:00:00","date_gmt":"2026-05-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=703091"},"modified":"2026-05-18T02:49:54","modified_gmt":"2026-05-18T02:49:54","slug":"eltawkeel-launches-fully-integrated-digital-auto-sales-platform","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/eltawkeel-launches-fully-integrated-digital-auto-sales-platform\/","title":{"rendered":"ElTawkeel launches fully integrated digital auto sales platform"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Digital<\/strong><strong> automotive marketplace <\/strong><strong><a target=\"_blank\" href=\"https:\/\/eltawkeel.com\/\" style=\"\">ElTawkeel<\/a><\/strong><strong> has launched the <\/strong><strong>country\u2019s first fully integrated e-commerce platform for new vehicles<\/strong> \u2014 initially featuring a range of brands distributed by Kasrawy Group \u2014 in partnership with fintech Valu, ADIB Egypt, and Kasrawy, according to a <a target=\"_blank\" href=\"https:\/\/efgholding.com\/ar\/media\/news\/ValuxElTawkeel\" style=\"\">statement<\/a>. The platform acts as the exclusive online seller for listed vehicles, earning revenue through commissions on sales.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to expect: <\/strong>The platform allows buyers to browse Kasrawy Group brands \u2014 including Jetour, JAC, and Citro\u00ebn \u2014 compare official prices, secure ins., and choose financing plans through either Valu or Abu Dhabi Islamic Bank Egypt (ADIB Egypt).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>Egypt\u2019s offline car market struggles with price ambiguity, dealer markups, and friction between buyers and financing providers. This unified digital system aims to resolve these problems while combining bank financing from ADIB Egypt with non-banking consumer finance from Valu \u2014 streamlining the traditional multi-step, multi-institution process into a single integrated experience.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>The platform is looking to onboard more brands and is in advanced talks with one auto distributor, founder and CEO Ali Shaaban of ElTawkeel tells EnterpriseAM. ElTawkeel is also working on launching a mobile application to improve user experience.<\/p>\n<p class=\"tag-border-left\">Montage in Ras El Hekma<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu<\/strong><strong> Dhabi-based Modon Holding is partnering with the ultra-luxury <\/strong><strong>hospitality brand Montage to launch Montage Ras El Hekma<\/strong>, according to a company <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/956.pdf\" style=\"\">statement (pdf)<\/a>. The development marks Montage\u2019s debut in the country and features a 200-key resort and 96 villas in Wadi Yemm, the coastal city\u2019s first precinct to enter active delivery.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Montage:<\/strong> Founded in 2002 by industry veteran Alan J. Fuerstman, the US-based ultra-luxury hospitality brand has a portfolio of resorts and urban hotels concentrated in North America including properties in Laguna Beach, Beverly Hills, Deer Valley, and Los Cabos.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The partnership turns <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/24\/a-coast-under-the-influence-2\/\" style=\"\">last year\u2019s<\/a> MoU between the master developer and Montage into a concrete launch. It serves as the opening chapter of the massive USD 35 bn Ras El Hekma masterplan, which spans 170.8 mn sqm. The project is expected to attract USD 110 bn in investments by 2045 and contribute around USD 25 bn annually to Egypt\u2019s GDP upon completion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Edita\u2019s net income more than doubles in 1Q <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Snackm<\/strong><strong>aker Edita Food <\/strong><strong>Industries saw its<\/strong><strong> net income jump 108.1% y-o-y in <\/strong><strong>1Q 2026 to EGP 793.1 mn<\/strong>, according to its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/1030.pdf\" style=\"\">earnings release (pdf)<\/a>. Revenues rose 34.7% y-o-y to EGP 5.8 bn, thanks to \u201crobust\u201d demand and \u201ccontinued pricing discipline.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Segment breakdown: <\/strong>The cakes segment was once again the largest contributor to revenue, with sales growing 35.9% y-o-y to EGP 3.1 bn, making up over half of total revenue. The bakery segment saw the largest y-o-y revenue increase at 67.7% and accounted for 27.2% of the top line at EGP 1.6 bn. Net export sales surged 73.1% y-o-y to EGP 549.7 mn, accounting for 9.5% of overall revenues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Modon Holding, Misr Italia unveil new North Coast branded residences<\/p>\n","protected":false},"author":1,"featured_media":703092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[469,111,144,130,72,955,8822,7388,338,515],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-703091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-abu-dhabi-islamic-bank","tag-also-on-our-radar","tag-automotive","tag-construction","tag-enterpriseam","tag-hospitality","tag-modon-holding","tag-ras-el-hekma","tag-retail","tag-valu","wpautop","entry"],"acf":{"mongo_id":"790d0181-0448-442f-8c7a-568a8327dc52","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/5\/992.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ElTawkeel launches fully integrated digital auto sales platform","related_issue":[703074],"teaser":"Plus: Modon Holding, Misr Italia unveil new North Coast branded residences"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Meanwhile, Alexandria Medical Services reported a net profit of EGP 17.035 mn in FY2016,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":613926,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/23\/govts-pharos-energy-bill-rises-to-usd-37-mn-plus-schneider-solar-projects-tata-motors-team-up-with-mm-group-valu-bosta-paytabs-heliopolis-housing-project-nokia-factory-new\/","url_meta":{"origin":703091,"position":1},"title":"Gov\u2019t\u2019s Pharos Energy bill rises to USD 37 mn. PLUS: Schneider solar projects, Tata Motors team up with MM Group, ValU + Bosta + PayTabs, Heliopolis Housing project, Nokia factory, new ADIB microfinance firm","author":"enterpriseam admin","date":"23 January 2024","format":false,"excerpt":"The company intends to refrain from retrieving its USD-denominated receivables due to the exchange rate volatility.","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1941.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563555,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/world-bank-eu-join-eastmed-gas-forum-valu-launches-financing-for-saudi-german-hospital-patients\/","url_meta":{"origin":703091,"position":2},"title":"World Bank, EU join EastMed Gas Forum + Valu launches financing for Saudi German Hospital patients","author":"enterpriseam admin","date":"7 July 2021","format":false,"excerpt":"World Bank, EU become observers at EastMed Gas Forum: Members of the East Mediterranean Gas Forum have agreed to bring the World Bank and the European Union into the organization as observers during a meeting in Cairo yesterday, the Oil Ministry said in a statement. The Cairo-based forum aims to\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/71.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543505,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/paytabs-valu-team-up-with-mazadat-on-e-payments-nbk-egypt-completes-share-buyback-ahead-of-delisting\/","url_meta":{"origin":703091,"position":3},"title":"PayTabs, ValU team up with Mazadat on e-payments + NBK Egypt completes share buyback ahead of delisting","author":"enterpriseam admin","date":"3 February 2022","format":false,"excerpt":"EFG Hermes\u2019 subsidiaries PayTabs and valU have partnered with X2C online auction and e-commerce platform Mazadat to give its customers access to valU\u2019s buy-now-pay-later services and PayTabs\u2019s online payment gateway, according to a joint press release (pdf)..NBK Egypt shareholders sold 20.7 mn shares back to the bank at EGP 20\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":579280,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/adib-nbk-give-thumbs-up-to-econ-reforms\/","url_meta":{"origin":703091,"position":4},"title":"ADIB + NBK give thumbs-up to econ reforms","author":"enterpriseam admin","date":"1 February 2023","format":false,"excerpt":"Two Gulf lenders are positive on Egypt: Senior staff at Abu Dhabi Islamic Bank (ADIB) and National Bank of Kuwait (NBK) both expressed optimism about Egypt and their businesses here in interviews yesterday.ADIB is reassured that we\u2019re taking the right measures: Group CFO Mohamed Abdel Bary said he has confidence\u2026","rel":"","context":"In &quot;Banking&quot;","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/4.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":661452,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/27\/palm-hills-will-expand-to-abu-dhabi\/","url_meta":{"origin":703091,"position":5},"title":"Palm Hills will expand to Abu Dhabi","author":"enterpriseam admin","date":"27 February 2025","format":false,"excerpt":"PLUS- Fawry acquires 51% of enterprise resource planning software company Dirac Systems","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1651.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/703091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=703091"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/703091\/revisions"}],"predecessor-version":[{"id":703130,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/703091\/revisions\/703130"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/703074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/703092"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=703091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=703091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=703091"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=703091"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=703091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}