US approves potential sale of patrol craft kits, other equipment to Egypt: Pentagon

Thu, 11 Jan 2024 - 11:50 GMT

The potential sale includes a light tactical vehicle chassis and related equipment worth $200 million, the Pentagon said, noting that the cost of the patrol craft kits amounts to $129 million.

Orascom Development records net real estate sales of LE6.2B in 2020

Tue, 23 Feb 2021 - 01:24 GMT

As for full 2020, ODE ended the year with net real estate sales of LE 6.2 billion, compared to LE 6.9 billion in 2019.

Domty expects to record sales revenues of LE 800M in Q4 of 2020

Tue, 15 Dec 2020 - 01:05 GMT

The company attributed this expectation to the increase in sales volumes and value of the cheese and bakery segments.

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's initiative to encourage buying local products expected to hit LE100B sales: Minister

Tue, 14 Jul 2020 - 12:46 GMT

The Ministry of Finance will contribute to supporting the initiative by about LE 12 billion through several mechanisms, as the initiative gives a discount to goods within 20 percent.

Sales of Iron&Steel decline 37% in 7 months

Mon, 16 Mar 2020 - 03:34 GMT

Its total sales during the period from July to the end of last January amounted to about LE 455.4 million, compared to LE 722.13 million during the same period last fiscal year.

Automotive market sales dip 6.7% during 1st half of 2019

Wed, 31 Jul 2019 - 12:58 GMT

AMIC said that sales of locally assembled cars dropped 11.6 percent during the first half of 2019, recording 35,905 cars, compared to 40,624 cars during the same period of 2018.

Automotive market sales fall 8.5% in 5 months

Mon, 01 Jul 2019 - 03:04 GMT

AMIC said that passenger car sales dropped 10 percent to 41,154 cars, compared to 45,837 cars in the same month of 2017.

Automotive market sales fall 5.2% in February

Wed, 03 Apr 2019 - 01:56 GMT

AMIC said that passenger car sales dropped 9 percent to 6,980 cars, compared to 7,703 cars in the same month of 2017.

China car sales hit reverse for first time since 1990s

Mon, 14 Jan 2019 - 10:01 GMT

Companies such as homegrown Geely (0175.HK) and Britain’s biggest automaker Jaguar Land Rover have already in recent days flagged caution about China sales in 2019, hit also by Beijing’s trade war with the United States.

Sales of automotive market rise 53.8% in October

Tue, 04 Dec 2018 - 02:00 GMT

AMIC said that sales of locally assembled cars jumped 18.5 percent during the first 10 months of 2018, compared to the same months of 2017.

Sales of automotive market rise 52% in September

Wed, 07 Nov 2018 - 10:58 GMT

The Automotive Market Information Council (AMIC) said that sales of cars rose 52 percent, selling 14,608 cars, compared to 9,615 cars in September 2017.

Egyptian auto market to keep growth rate at around 40%

Sun, 07 Oct 2018 - 02:15 GMT

Sales of the Egyptian car market hiked by around 40 percent in the first half of the current year, compared to the same half of 2017.

Renault, VW and Fiat Chrysler sales surged before stiffer EU emissions tests

Wed, 19 Sep 2018 - 08:55 GMT

Ahead of the deadline, many boosted financial incentives and registrations of their own new vehicles to be sold on the used car market, analysts have said.

Buses sales upturn 48% in July

Wed, 05 Sep 2018 - 08:22 GMT

AMIC added in a report that around 1,756 buses were sold in last July compared to 1,195 buses in July 2017.

Sales of locally assembled cars hike 25% in 7 months

Mon, 03 Sep 2018 - 10:47 GMT

Sales of locally assembled cars reached 48,219 vehicles in the first seven months of 2018, compared to 38,335 vehicles in the same period of 2017.

Sterling hits five-day high after UK retail sales smash forecasts

Thu, 14 Jun 2018 - 09:29 GMT

Sterling also rose versus the euro and was up 0.2 percent at 88 pence.

Merger partners Sainsbury's and Asda lag rivals: Kantar

Tue, 01 May 2018 - 08:29 GMT

Sainsbury’s and Asda, the two British supermarkets planning to merge, had the slowest sales of the “big four” chains in the 12 weeks to April 22.

PSA first-quarter sales jump 42 percent on Opel-Vauxhall acquisition

Tue, 24 Apr 2018 - 07:55 GMT

French automaker PSA Group posted a 42 percent increase in first-quarter revenue, lifted by its acquisition of Opel-Vauxhall.

GM will stop reporting monthly U.S. vehicle sales

Tue, 03 Apr 2018 - 08:04 GMT

GM will also no longer report monthly sales in China, its largest market, and Brazil.