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Auto sector has been economically affected since beginning of COVID-19 pandemic, says Alaa El-Sabaa
Egyptian designer receives patent for designing jewellery piece that includes mummified crocodile’s head
Company plans to securitise receivables of 3,000 units expected to be delivered by 2H 2021
The company’s projects in west Cairo accounted for 60% of total gross contracted sales during the period driven by the strong performance on the next generation projects. VYE contributed 37% of sales, and the Estates contributed 10%. East Cairo made up 39% of the period’s gross contracted sales, with Villette generating 24% and SODIC East contributing 10%.
The growth was driven by passenger car sales, which rose by about 23%, to record 107,617 units sold, compared to 87,272 units during the comparison period. The data was released in a report issued by the Automotive Market Information Council (AMIC).
Demand for cement in September rises to highest since April 2020
The increase saw 1.3 million cars sold across the European Union (EU), the UK, and European Free Trade Association (EFTA) countries.
Local manufacturers have requested government intervention to regulate factories, says CEO Sergio Alcantarilla
‘We have revised our targets with beginning of COVID-19 to reflect market realities more sensibly,’ says Chairperson Ali Shorbani
Ministry of Education and Technical Education intends to rely extensively on technologies in upcoming academic year
GB Auto market share declined to 13.9%, down from 19.5% in April
Online transactions boost El Attal’s sales during pandemic, says CEO
Car sales nationwide have been negatively impacted by curfew and the halt licensing new vehicles between 19 March and 24 April.
El Shehry added that the local real estate market remains, so far, unaffected by the ongoing pandemic. He highlighted that, although there had been a slowdown in sales, companies have yet to record losses or a halt in sales.
Company intends to develop property projects in coming period, enter partnerships to develop commercial and hotel projects
The contracts for educational zone facilities, social and sports club, retail centres, the medical zone, the hotel area, and many other vital services are being finalised, and these services will be announced during 2020.
Company to launch new online selling platform
Interest rate cut would increase local investment by 70%, says El-Bahay Holding chairperson
State revenues from mining activities increase to $60m, says source
The roundtable will tackle new mechanisms of developing tourist real estate projects, international standards of this kind of projects, marketing of tourism projects, increasing tourist arrivals in Egypt.
Company will deliver 8 residential buildings during current year
Market does not face real estate bubble, says Moustafa
Palm Hills Developments has achieved EGP 12.5bn sales in its project with an increase of 18% Y-o-Y, according to consolidated financial statements for the last quarter (Q4) of 2018. The statement said that the company has succeeded in selling 3,102 units in fiscal year (FY) 2018, compared to 2,136 units in FY 2017. The company …
Construction of 7 production lines with investments of $12m to start in Q2 of this year
Passenger cars priced between EGP 200,000-300,000 marked highest sales’ percentage 35,3%: AMIC
Company invested EGP 250m for packhouses, cold stores, with 300 tonnes daily capacity, to propel exports worldwide
Huawei continues to march towards top with 17.3% share
Celia main driver behind TMGH sales boom, Gouna occupancy, Makadi project boosted ODE’s performance, says Beltone
We aim to be among top three smartphone sellers in world by 2022, says Baigong
Tecno Mobile acquired a market share of about 7% in Egypt at the end of 2017, the company’s marketing department director, Mahmoud Taha, said. He expected that Tecno’s sales will witness growth in the next period, supported by the company’s new partnerships with Telecom Egypt and Orange Egypt. Tecno Mobile is a subsidiary of Transsion …