Egypt opens $11m Mansour Filters factory to boost local production
Egypt has inaugurated on Thursday the $11 million Mansour Filtres Factory in the 10th of Ramadan City, a major…
Browsing Tag
automotive
Egypt’s El-Khatib: AfCFTA ministers break deadlock on rules of origin
African trade ministers have agreed on transitional rules of origin for the textile, apparel and automotive sectors…
Egypt’s SCZONE secures $10.2b in investments over 38 months – Chairman
Egypt's General Authority for the Suez Canal Economic Zone (SCZONE) had signed contracts for 311 projects over the…
Honda’s consolidated sales revenue falls in Q2 ’25
Honda Motor Co. reported on Wednesday a 1.2 per cent decrease in consolidated sales revenue for the three months…
German investor sentiment plunges most since 2022 on trade jitters
German economic sentiment took a major hit in April as the ZEW Indicator plunged by 65.6 points to minus 14.0, its…
Germany’s manufacturing sector expands in March ’25
Germany's manufacturing sector saw a 3.6 per cent rise in real new orders in March 2025, following seasonal and…
Fitch: US tariffs to hit revenue, profit growth across European sectors
Newly imposed US tariffs—20 per cent on EU goods and 10 per cent on UK imports—will dampen revenue and profit…
Egypt’s El-Khatib seeks more Indian investments with Tata Chemicals
Egypt's Minister of Investment and Foreign Trade, Hassan El-Khatib, discussed investment cooperation and economic…
Egypt’s El-Khatib visits India to boost economic ties
Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib visited India to enhance the economic ties…
UK, Thailand sign enhanced trade partnership
The UK and Thailand have signed an Enhanced Trade Partnership (ETP) on Wednesday, aimed at increasing trade and…
SSE-listed firms post $163.2b profits in Q1 ’24
Shanghai Stock Exchange (SSE) listed companies reported robust profits of 1.16 trillion yuan ($163.2 billion) in Q1…
Mexico selective tariffs hit $48b of imports
Mexico's choice to impose tariffs on select goods from nations lacking trade agreements will affect roughly $48…
Climate complacency endangers eurozone banks – ECB
The European Central Bank (ECB) stated on Tuesday that most large European banks are not adapting their operations…
Bosch to cut 1,200 jobs in software division by ’26
Bosch, the German automotive supplier, will cut 1,200 jobs in the software development division by the end of 2026,…
Saudi Arabia, Italy explore investments in key sectors
Saudi Arabia and Italy are discussing joint investments in several sectors, including automotive, mining, oil &…
Toyota halts operations at all of its Japan plants
Toyota is halting operations at all its Japanese assembly factories starting from Tuesday, August 29, due to a…
Honda recalls 1.3 mln vehicles worldwide
Honda Motor is recalling 1.3 million vehicles worldwide for a potential issue with the rearview camera image, the…
BMW agent in Egypt plans to invest 1 billion Egyptian pounds
The BMW group announced investments of more than $100 million to develop its services and enhance its presence in…
BMW names Global Auto as new agent in Egypt
German carmaker BMW has named Global Auto Group as its new importer and agent in Egypt.
Egypt’s EALB approves new loans for fertilisers, automotive, food firms
State-owned Egyptian Arab Land Bank (EALB) approved on Thursday 600 million Egyptian pounds ($33.6 million) in new…
Egypt, China sign five deals for agriculture, IT, car, fiberglass sectors
Egypt has signed five cooperation agreements with China on Thursday in areas of agricultural, automotive,…
China automotive manufacturer FAW mulls new Egypt investments
China’s state-owned automotive manufacturing company FAW Group Corporation, a , is studying injecting new…
Panasonic in talks to buy ZKW to accelerate push into auto electronics
Japan's Panasonic Corp is in talks to buy European automotive light maker ZKW Group, accelerating its push into the…
Panasonic shares plummet after heavy spending causes weaker outlook
Panasonic Corp shares plunged on Tuesday as investors reacted to a sharp downward revision of the electronics…
Auto sales in Egypt to drop by 30% in 2016: official
The volume of automotive sales in Egypt is expected to decline by 30-35 percent in 2016 to around 200,000 autos…
Supercar maker McLaren says not in talks with Apple
McLaren damped down a report on Wednesday that Apple Inc had made an approach for the British Formula One team…
Auto sales in Egypt to sag to 200,000 cars in 2016- Giza Chamber
The total amount of automotive sales in the Egyptian market is expected to sag in 2016 to 200,000 cars. Chairman of…
Mercedes-Benz asserts commitment to Egypt, denies receiving dealership requests
Mercedes-Benz Egypt stated in a press release on Monday that it had not received any new distribution and…
Chinese firm eyes building automotive factory in Egypt- minister
Egyptian Ministry of Public Enterprise Sector is currently studying an offer proposed by a Chinese firm to build…
Egypt’s ten-month automotive imports reached $4bn
Egyptian automotive imports hiked by 35 percent during the first ten months of fiscal year 2015-16, recent reports…
New strategy for automotive industry to be submitted to Egypt’s Cabinet soon
Egyptian trade and industry ministry is about to submit new strategy for automotive industry to the Cabinet within…
Saudi Petromin plans investing $28mn in Egyptian automotive services market
Saudi leading lubricants and automotive services company in Africa and Middle East Petromin Corporation (Petromin)…
Automotive sales in Egypt expected to drop by 30% late-2016
Egyptian annual automotive sales are expected to drop from 275,000 to 200,000 vehicles -i.e. 30 percent- by the end…
Moroccan business mission to visit Egypt on April 25
A Moroccan delegation encompassing large firms is set to visit Egypt on April 25, 2016 for a three-day visit to…
South Korea, Egypt to discuss investments in energy, autos, petrochemicals sectors
Egyptian-South Korean Business Council is to discuss means of enhancing mutual relations with South Korea in…
Egypt’s Central Bank policies reduce car imports in 2016
“Cars drain dollars.” This appears to be the operative phrase describing how the Central Bank of Egypt (CBE) views…
Korean car sales seize 30% of Egypt’s automotive market
The sales of Korean personal car market in Egypt hit 7.3 billion Egyptian pounds at the end of October 2015,…
Automotive Sales Paralysed: Distributors
large number of agents and distributors agreed that sales in the Egyptian automotive market have been paralysed;…
Global Automakers Flirt China
Major car makers gathered in Beijing yesterday for China’s leading auto show, seeking an edge in the world’s…
Automakers Launch New Models at Beijing Show
Ford unveiled a three-cylinder mini-SUV and Chrysler showed a dragon-theme Jeep on Monday as automakers rolled out…