Latest in Highlight

Advertising Area






Latest in


Motor accidents down by 23.6%, railway up 14% in 2018

Car accidents in Egypt declined by a total of 2,618 cases in 2018, compared to 2017, according to the bulletin issued recently by the Central Agency for Public Mobilization and Statistics (CAPMAS). The year 2018 witnessed 8,480 accidents which resulted in 3,087 deaths, 11,803 injuries, and 13,441 vehicles damaged. In 2017, car and train accidents …

Daily News Egypt

Dryve offers vehicle rental for Uber drivers

The Dryve car rental platform agreed with Uber, a peer-to-peer ridesharing, to offer vehicles for its licensed drivers, in partnership with French AXA multinational insurance. According to dryve, car owners can earn EGP 5,000-12,000 per month. Last month, Uber Egypt and Nacita AutoCare announced the launch of the first Rent to Own vehicle solutions programme …

Mohamed Alaa El-Din

Industry Ministry increases local component ratio in car assembling to 46%

Minister of Trade and Industry Tarek Kabil issued a decision to regulate the system of determining the ratio of local components in the car industry and its feeding industries. The decision stipulated that local components in car manufacturing must not be less than 46%. The contributions of the assembling line in the local manufacturing of …

Ahmed Amer

8 car brands lead price rises in April

The local automotive market witnessed a change in most car prices in April. The price moves included a number of models such as from Opel, Hyundai, Chevrolet, Mercedes-Benz and Ford. The price increases ranged between EGP 1,000, such as Chevrolet Aveo and EGP 40,000, like Mercedes C180. In March, the agents of Chevrolet, Hyundai, and …

Ahmed Amer

Earth sends its first car to Mars 

For the first time in history, the world closely followed on Tuesday SpaceX’s launch of its first rocket, Falcon Heavy, carrying the first Tesla Roadster car to Mars. Meanwhile, the rocket’s boosters successfully landed back on earth after sending the vessel into space. In a livestream video, Elon Musk, founder of SpaceX and Tesla, aired …

Daily News Egypt

Car dealers to enter used vehicles market after applying VAT

The Ministry of Finance issued on Tuesday its decision no. 34 of 2018 which applies the value added tax (VAT) on the reselling of used cars in the local market, based on the difference in price between the resale and purchase price of used cars. Alaa Elsaba, chairperson of Elsaba Automotive Group—authorised distributor of a …

Daily News Egypt

Elhamy Ezzat: from car dealership to scrap recycling

The art of recycling scrap cars is a simple idea that was carried out by many creative people around the world, including Egypt, but it has not officially appeared in different parts of the world. It has been a hobby passed on by artists who draw different paintings in distinctive shapes, made entirely from scrap …

Daily News Egypt

Car prices unchanged in July except Hyundai, Nissan, Chery

Car companies maintained their prices in July, except Hyundai, Nissan, and Chery. The increases of the three companies ranged between 1,500 and 11,000. For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Auto companies expect that the sector’s sales will fall as …

Ahmed Amer

574 Optra vehicles sold in Q1

Chevrolet Optra topped the sales of American cars in the first quarter (Q1) of 2017, achieving sales of 574 units with a value worth EGP 120.5m. The Ford Focus followed the Optra, with 434 units sold at a value of EGP 138.8m, followed by the Chevrolet Lanos, which occupied the third position in the list …

Daily News Egypt

Price hikes increase car sales to EGP 44.4bn

The wave of increased car prices in 2016 has increased growth in the value of car sales, taking them to EGP 10.4bn after the car market achieved total sales worth EGP 44.4bn last year, compared to EGP 34bn in 2015. The passenger car market sold more than 142,000 units—a 27% decline—compared to 195,500 cars sold …

Ahmed Amer

Car prices set records a month after flotation

Price increases swept across the automotive industry in November, with 162 models across various brands experiencing record price hikes. Automotive companies decided to raise prices in response to the increased cost of importing vehicles and their components after the Central Bank of Egypt decided to float the Egyptian pound, more than doubling the value of …

Ahmed Amer