Egypt at a Crossroads: Quick Fixes or Sustainable Sovereignty?
Egypt’s mounting debt burden and the growing weight of external obligations have pushed the government towards a…
Browsing Tag
Hyundai
Hyundai, Kia divest from India’s Ola Electric
Hyundai Motor sold its entire stake in Ola Electric, while fellow South Korean carmaker Kia reduced its holding, in…
S. Arabia’s PIF’s assets under management reach $765b in ’23
The Public Investment Fund (PIF) showed strong performance in 2023, with assets under management growing by 29 per…
Hyundai, Kia team up with Baidu to develop connected cars
South Korean automakers Hyundai Motor and Kia Corp announced on Sunday that they have joined forces with Chinese…
Hyundai Motor plans to invest $51b over 3 yrs
Hyundai Motor Group announced a $51 billion investment over three years to enhance its electric vehicle and new…
Hyundai global sales rise in Jan. ’24
South Korea’s biggest auto maker Hyundai Motor Company reported on Thursday its global sales that reached 315,555…
Hyundai sells China plant for $225 mln
Hyundai Motor Co. sold its plant in China in Chongqing for 1.62 billion yuan ($225 million), less than half the…
Hyundai, Kia expect 2% rise in auto sales in 2024
South Korea's Hyundai Motor Co and its affiliate Kia Corp said on Wednesday they expect their combined global sales…
BMW launches experimental fleet of hydrogen cars
BMW launched on Monday an experimental fleet of hydrogen vehicles, the missing piece in the emission free…
Chinese brands replace iPhones, Hyundai in Russia’s war economy
Since the beginning of the Russian invasion of Ukraine one year ago, Russians have replaced smartphones and cars…
Egypt boost investment opportunities with Hyundai, Korea Eximbank
Egypt and Korea discussed several fields of cooperation and promoted the huge projects and available investment…
Hyundai’s workers strike; first time in 12 years
Hyundai Motor Co. plants in South Korea were crippled by the first complete strike on Monday by unionized workers…
MB Engineering shares to start Cairo SME bourse trading on April 5
Shares of MB Engineering Group will start trading in Egypt’s bourse for small and medium-sized enterprises, known…
Verna is the best-selling Korean car in Egypt
The Hyundai Verna topped the list of best-selling Korean cars, achieving sales of EGP 1.9bn (US$ 242…
Hyundai profit drops again
Hyundai Motor Co. reported Tuesday another quarterly earnings decline, hit by slowing demand in China and emerging…
Hyundai exports “Made in Russia” cars to Egypt, Lebanon
Hyundai Motors’ factory in St. Petersburg has started production of cars to be exported to the Egyptian and…
Hyundai Requests Details On Suez Canal Projects To Start Bidding
Soo-hyun Jung, Chairman of the global Hyundai company, called upon the Egyptian government to provide more details…
Hyundai goes Smart with Google Andriod
South Korea's Hyundai has become the first carmaker to offer Google's Android Auto system in its Sonata model.…
Egypt’s GB Auto says shareholders take up $125.8 mln cash call
Shareholders in Egypt's GB Auto have subscribed to almost all of its 960 million Egyptian pound ($125.82…
GB Auto considers $1.5 bln of Investments
Egypt's biggest listed vehicle assembler and distributor, GB Auto, is considering investing $1.5 billion to build…
South Korea’s Hyundai Heavy Wins $1.4 Bln Order From Kuwait
Hyundai Heavy Industries Co Ltd said on Sunday it won a $1.4 billion contract to build the first phase of the…
Diverse Markets Are Key for GB Auto’s Growth; CEO
Ghabbour Auto (AUTO.CA), Egypt’s leading car distributor, is counting on a strategy of expansion in the Middle East…
Egyptian Passenger Car Market Increased 32 % Year-On-Year In November; GB Auto
GB Auto (AUTO.CA) Egyptian Passenger Car Market Brief for November 2012 revealed that, overall sales in the…