Auto sales in Egypt record 4.2k vehicles sold in March 2024

Wed, 01 May 2024 - 06:30 GMT

In terms of year-over-year performance, automobile sales in March experienced a decline of 37 percent. This was primarily driven by a decrease of 41 percent in passenger car sales.

Egypt's sold cars hits 7,400 unit in February 2024: AMIC

Tue, 02 Apr 2024 - 01:56 GMT

This recovery follows a period of decline in January, which marked the lowest point in the past 10 months.

Egypt's imports of cars surge by $54.8M in December 2023

Wed, 13 Mar 2024 - 01:41 GMT

Egypt's imports of passenger cars amounted to $223.4 million in November 2023, exhibiting a growth compared to $107.3 million in the same month of 2022, with an increase of $116.9 million

EU Commission supports safer cars in Africa, enacts legislation against environmentally unfriendly exports

Sun, 12 Nov 2023 - 10:47 GMT

This came during a panel discussion entitled,”Used and grey vehicle imports - the reality, the journey and the opportunity in a just transition”.

AMIC reveals automotive sales to be on the rise, climbing 43% MoM in May

Tue, 04 Jul 2023 - 04:31 GMT

May 2023’s sales numbers reached 7.3 thousand, according to the latest data from the Automotive Marketing Information Council (AMIC)

Egypt attracted $500 million from expat customs-free car import initiative: Minister

Tue, 18 Apr 2023 - 12:58 GMT

The Egyptian government has attracted $500 million from expatriates as part of an initiative allowing them to import cars for personal use free of customs duties and taxes in exchange for a deposit in foreign currency.

Helwan Univ. wins multiple awards in GEVC in UAE, qualifies for next stage in U.S.

Wed, 12 Apr 2023 - 10:20 GMT

Helwan University announced that the E-Rally team at the Faculty of Engineering in El-Matareya won many awards in the “Global Electric Vehicle Challenge” GEVC, which was hosted on the lands of the United Arab Emirates.

Finance minister says 42,000 expats apply to import cars for personal use

Mon, 20 Feb 2023 - 05:57 GMT

Expats will be required to invest the value of saved customs duties and taxes in foreign currency in an interest-free five-year certificate of deposit (CD), recovering the deposit in Egyptian pounds at the end of the period.

Egypt establishes its first global city for trade of new, used cars

Sat, 07 Jan 2023 - 02:07 GMT

The global city will include a free zone and a used car sale area, the agency complex area, traffic offices, car showrooms, and the rest of the services provided to the customers.

Egypt allows expats to import passenger car without customs duties

Thu, 13 Oct 2022 - 03:37 GMT

The draft law stipulates that “an Egyptian who has a valid residency abroad has the right to import one private passenger car for his personal use, exempt from taxes and fees that had to be paid to release the car, including the value-added tax and the schedule tax.

38K out of 70K applicants eligible to get subsidized gas-powered cars from Egyptian government

Sat, 15 May 2021 - 07:12 GMT

Mait added that since April until present, 500 cars have been delivered to beneficiaries with the state funding them with LE16.2 million.

Egypt's shift to gas-powered driving gets another incentive

Thu, 11 Feb 2021 - 02:42 GMT

The Arab world's most populous country is targeting the conversion of as many as 1.3 million private cars.

PM follows up project to replace old cars with natural-gas vehicles

Mon, 18 Jan 2021 - 05:55 GMT

The premier made the remarks at a meeting with Ministers Mohamed Maait of Finance, Niveen Gamea of Trade, Tarek el Molla of Petroleum, and Hesham Tawfik of the Public Business Sector.

Producing Nasr car beginning of project of localizing producing electric cars: Min

Mon, 18 Jan 2021 - 05:49 GMT

Tawfik was speaking on Monday during signing two agreements between El Nasr Automotive Manufacturing Company, China Dongfeng Motor Industry Import & Export Co. (DFMIEC), and Dongfeng Design & Research Institute Co.

Egypt aims to convert 400,000 cars to operate on natural gas within 3 years

Mon, 14 Dec 2020 - 06:13 GMT

This expansion will be accompanied by an increase in the number of supply stations by about 350 new stations during the coming period, bringing the total number of stations to 550 stations to cover various areas for easy access.

Egypt signs 8 gas exploration contracts worth $934M over 15 months

Sun, 20 Sep 2020 - 07:33 GMT

Sixth others – worth $731 million - are underway.

Automotive market sales rise 14.4% during July

Sun, 30 Aug 2020 - 11:28 GMT

AMIC attributed the rise in car sales to the increase in bus sales by 58.9 percent to reach 2,421 vehicles, compared to 1,524 vehicles in July 2019.

Egypt witnesses convert of 42K cars to work in dual fuels in 2019/20

Sun, 19 Jul 2020 - 03:21 GMT

Molla said in a statement that the total number of cars that have been converted since the start of activity has reached about 320,000 cars.

Egypt’s Sisi calls for new initiative to replace old cars with gas-powered vehicles

Sun, 12 Jul 2020 - 12:15 GMT

"We have the right, as a country, to license gas-powered cars only and to stop licensing new cars that run on gasoline," He added.

Egypt establishes new company with 2 affiliated factories for producing tires

Wed, 13 May 2020 - 03:50 GMT

Terras said, in a statement on Wednesday, that it was agreed to establish a new company subject to the law of the Arab Organization for Industrialization in partnership between the authority and the Holding Company for Chemical Industries to produce all t