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EGP 12.6 Billion Disbursed to 2,500 Exporters: Egypt's Finance Minister Confirms Two Payments in One Year
Egypt's Minister of Finance, Ahmed Kouchouk, announced the disbursement of EGP 12.6 billion in cash to approximately 2,500 exporting companies within a single fiscal year, underlining the government's commitment to…
Industry and Investment Ministers Inspect General Motors Egypt Plant in 6th of October City
Engineer Khaled Hashem, Minister of Industry and Internal Trade, and Dr. Mohamed Farid, Minister of Investment and Foreign Trade, conducted an inspection tour of the production lines at the General…
Shanghai Summons Tesla, BYD, and Xiaomi to Regulate Digital Auto Content
Shanghai authorities have convened a major meeting with leading automakers, dealer groups, and internet platforms to tighten compliance with regulations governing the dissemination of automotive-related information, as part of a…
Finance Ministry Disburses EGP 12.6 Billion to 2,500 Exporting Companies in One Fiscal Year
Nevin Mansour, the Advisor to the Minister of Finance for Economic Institutions Relations, announced that the Ministry of Finance has disbursed approximately EGP 12.6 billion to about 2,500 exporting companies…
Finance Minister: Export Support Surges to EGP 28 Billion, Marking 55% Growth in FY 2025/2026
Ahmed Kouchouk, Egypt's Minister of Finance, revealed that the value of export support has reached 28 billion Egyptian pounds during the fiscal year 2025/2026, achieving an annual growth rate of…
EGP 48 Billion Allocated for Export Support in New Budget to Boost Economy
Ahmed Kouchouk, Egypt's Minister of Finance, announced the allocation of EGP 48 billion in the current fiscal year's budget to support exports and cover export burdens. This represents the largest…
Finance Minister: EGP 70 Billion Paid to Exporters in 6 Years, Targeting Full Settlement Within Two Years
Ahmed Kojak, Egypt's Minister of Finance, confirmed that the state has paid EGP 70 billion to exporters over the past six years under the export burden relief program. This announcement…
Adoption of US Federal Safety Standards in Egypt Boosts Inflow of American Cars
General Motors Egypt has expressed its strong support for the Egyptian government's decision to adopt the U.S. Federal Motor Vehicle Safety Standards (FMVSS). The company stated that this step represents…
IM LS9 Debuts in Egypt with Starting Price of 3.5 Million EGP
Arrival of the Flagship Model in the Egyptian MarketMansour Automotive Group, the exclusive and authorized agent for IM Motors in the Arab Republic of Egypt, has announced the arrival of…
Egyptian Ministers Inspect GM Egypt Factory as US Safety Standards Are Adopted
Engineer Khaled Hashim, Minister of Industry and Internal Trade, and Dr. Mohamed Farid, Minister of Investment and Foreign Trade, inspected the production lines at General Motors Egypt's factory in the…
Mansour Automotive's Cadillac Unveils All-Electric Escalade IQ and Optiq in Egypt
Cadillac continues to strengthen its presence in the Egyptian market following the successful launch of Mansour Automotive as the exclusive local distributor last May. The American luxury brand is now…
Egyptian Investment Minister Announces Opening Market to US-Standard Vehicles During GM Plant Visit
Dr. Mohamed Farid Saleh, Egypt's Minister of Investment and Foreign Trade, officially announced the opening of the Egyptian market to vehicles complying with the US Federal Motor Vehicle Safety Standards…
Egypt's Ministry of Industry Completes Procedures for US-Made Cars Market Entry
Egypt's Ministry of Industry announced the completion of official procedures allowing vehicles manufactured in the United States to enter the Egyptian market. The announcement was made during a ceremony held…
US Auto Exports to Egypt Surpass $256 Million After Adoption of Federal Safety Standards
The U.S. Department of Commerce announced that American exports of vehicles and automotive parts to Egypt have exceeded $256 million, following the Egyptian government's decision to adopt the Federal Motor…
Mansour Cadillac Launches All-Electric Escalade IQ and OPTIQ in Egypt Starting from EGP 4.1 Million
Mansour Cadillac, the official distributor of the iconic American luxury brand in Egypt, has officially launched two fully electric vehicles: the flagship Cadillac Escalade IQ and the all-new Cadillac OPTIQ.…
US Dollar Exchange Rate Steady Against Egyptian Pound in Banks Today
The US dollar exchange rate exhibited a state of relative stability against the Egyptian pound during mid-day trading on Wednesday across several major Egyptian banks. Market participants are closely monitoring…
Cheapest Hybrid SUV in Egypt July 2026: MG HS HEV Price, Specs & Features
The Egyptian automotive market is witnessing a growing shift toward hybrid vehicles, and the MG HS HEV now stands as the most affordable hybrid option available this July. Mansour Automotive,…
Top 5 Most In-Demand Used Cars in the Egyptian Market Retaining Their Value
The used car market in Egypt remains a dynamic environment reflecting consumer preferences for the perfect balance between price and added value. Despite years passing since the discontinuation of certain…
Citroen C3 Aircross Officially Launches in Egyptian Market on July 28
Qasrawi Group, the local distributor of Citroen in Egypt, is preparing to officially unveil the all-new Citroen C3 Aircross on July 28, as part of its strategy to refresh the…
IM LS9 Officially Launched in Egypt as the Largest Range-Extended SUV Starting at EGP 3.5 Million
Mansour Automotive has officially launched the all-new IM LS9 in the Egyptian market, making it the largest SUV to carry the premium Chinese brand IM Motors, which is part of…
Egypt Adopts US Federal Vehicle Safety Standards: GM Applauds the Move
Egypt Officially Approves American Vehicle Safety Standards for Local MarketThe Egyptian government has officially adopted the Federal Motor Vehicle Safety Standards (FMVSS) for the local automotive market, a move that…
General Motors Welcomes Adoption of US Vehicle Safety Standards in Egypt
General Motors Egypt has officially welcomed the Egyptian government's decision to adopt the Federal Motor Vehicle Safety Standards (FMVSS), announced during a high-level official visit to the company's factory in…
Prices and Specifications of the Cheapest Soueast Car in the Egyptian Market for July 2026
Man East, the exclusive distributor of Soueast in Egypt, continues to offer the compact crossover Soueast S05 as the most affordable model in the brand's local lineup during July 2026.…
Egypt's Vehicle Exports Reach $23.54 Million Across Eight Destination Markets
Egypt's vehicle exports recorded a total value of $23.54 million during April, according to foreign trade data released by the Central Agency for Public Mobilization and Statistics. The figures show…
Egypt's Vehicle and Auto Parts Imports Decline 24.4% in April
Egypt's imports of vehicles and automotive components recorded a noticeable decline during April, according to foreign trade data released by the Central Agency for Public Mobilization and Statistics. The figures…
Proton Agent Raises Saga 2027 Prices by EGP 10,000
El-Arab Group, the official distributor of Proton in Egypt, has announced a new price adjustment for the Proton Saga 2027 model during the current month of July. This increase follows…
JAC JS2 Locally Assembled in Egypt Launches Officially at EGP 760,000
The JAC dealer in Egypt, Al Qassrawi Group, has officially launched the locally assembled version of the JAC JS2, one of the most affordable SUVs in the Egyptian market. The…
Mansour Automotive Launches IM LS9 in Egypt with 1,400 km Range and REEV Technology
Mansour Automotive, the official distributor of IM Motors in Egypt, has officially launched the new IM LS9 in the local market, marking the brand's first model equipped with Range-Extended Electric…
IM LS9 Launches in Egypt with 1,400 km Range: Mansour Automotive Unveils Electric Luxury SUV
Mansour Automotive Group, the exclusive distributor of IM Motors in Egypt, has officially launched the luxury sports utility vehicle IM LS9 in the local market, entering the growing segment of…
Locally Assembled Jac JS2 Officially Launches in Egypt at EGP 760,000
The Qasrawi Group, the official distributor of Jac in Egypt, has officially unveiled the all-new Jac JS2 with local assembly, marking it as the smallest and most affordable crossover SUV…
Proton Saga Price Hikes by EGP 10,000 in Egypt During July
El Aref El Swaedy Investments and Alpha Group Limited, the exclusive distributor of Proton in Egypt, have announced a price increase of EGP 10,000 for the family sedan Saga during…
Top Used Cars Eligible for Ride-Hailing Apps in Egypt
Many individuals seeking to work with smart ride-hailing applications are turning to the used car market, searching for models that meet operational requirements while offering lower purchase costs. In recent…
Brake Caliper Sticking: 4 Warning Signs Affecting Brake Efficiency and Driving Safety
Caliper sticking is a malfunction that may appear minor at first, but it poses a real threat to brake system efficiency and driving safety if not addressed promptly. This issue…
Top 5 Used Cars to Work with Ride-Hailing Apps in Egypt
An increasing number of Egyptians looking to work with ride-hailing apps such as Uber, InDrive, Didi, and Bolt are turning to the used car market. These drivers seek vehicles that…
AI Investments Squeeze Tesla Liquidity Ahead of Q2 Results
Investors are closely watching Tesla's second-quarter results, with expectations of the company recording its first negative free cash flow in over two years, as the company continues to pour massive…
3 New Locally Assembled SUVs to Launch in Egypt Within Days
The Egyptian automotive market is gearing up to welcome three new SUVs from Nissan, Hyundai, and Chevrolet during the third quarter of this year. All three models share the common…
Global Road Traffic Deaths Drop 21% but Remain Leading Cause of Youth Death
New data from the World Health Organization reveals a significant 21% decline in global road traffic deaths between 2011 and 2025. Despite this positive trend, road crashes still claim over…
Industry Minister: Accreditation System Supports Egyptian Car Companies' Integration into Global Supply Chains
Engineer Khalid Hashem, Egypt's Minister of Industry, affirmed that developing the accreditation system is a key driver for enhancing the competitiveness of the automotive industry and its feeder industries in…
Chevrolet Leads Egypt's Car Sales in First Five Months of 2026
Chevrolet has topped the list of best-selling automotive brands in Egypt across all categories, including passenger cars, buses, and trucks, during the first five months of 2026. According to the…
Egypt's Automotive Market Sales Surge 18.2% to Reach 16.9K Vehicles in May
The Egyptian automotive market witnessed remarkable growth and significant momentum during the past month of May, with total vehicle sales surging by 18.2 percent to reach 16,908 units. This robust…
Egypt Car Sales Surge 40% in First 5 Months of 2026
According to the latest report from the Automotive Market Information Council (AMIC), Egypt's automotive market experienced a significant upswing in the first five months of 2026, with total sales rising…
JSW Group in Advanced Talks to Acquire Majority Stake in Volkswagen India
Volkswagen AG is reportedly in advanced discussions with India's JSW Group regarding the potential sale of a majority stake in its Indian subsidiary, Skoda Auto Volkswagen India. The German automaker…
Daimler Truck Launches €1 Billion Cost-Cutting Program, Cuts 5,000 Jobs in Germany
Daimler Truck, the German commercial vehicle manufacturer, has announced an ambitious cost-cutting program aimed at reducing operational expenses in Europe by more than €1 billion by 2030. The decision comes…
BYD Delivers Over 2,000 Electric and Hybrid Cars in Egypt in Just 146 Days
BYD has achieved a remarkable milestone in the Egyptian automotive market, with its official distributor Man Dream announcing the delivery of more than 2,000 vehicles in under five months. According…
Egyptian Engineering Team Wins First Place in AI Track at Formula Student Competition
An Egyptian engineering team from Ain Shams University has achieved a historic global milestone by securing first place worldwide in the Artificial Intelligence track at the Formula Student competition. The…
Public Auction for Cairo Prosecution Vehicles Includes Untitled Cars
The Egyptian Government Services Authority has announced a public auction for a large number of used vehicles belonging to the General Prosecution Office in Cairo Governorate. The auction will be…
Reports Suggest Egypt May End Customs Exemptions on Imported Electric Cars
The Egyptian automotive market is closely monitoring circulating reports suggesting that customs exemptions currently granted to imported electric vehicles (EVs) may soon be abolished. This potential shift could significantly alter…
Comprehensive Comparison: REEV vs Traditional Hybrid – Which One Saves More?
The global automotive industry is undergoing a rapid shift toward electric and hybrid powertrains, gradually moving away from conventional internal combustion engines, driven by stricter emission regulations, rising fuel prices,…
General Motors Raises 2026 Profit Outlook After Strong Q2 Growth
General Motors has raised its profit expectations for 2026 after reporting strong operational results in the second quarter, driven by sustained demand for SUVs and pickup trucks in the North…
Fiat Tipo 2026 Returns to Egypt: Key Sedan Rivals
Dynamics Auto, the official distributor of Fiat in Egypt, has officially reintroduced the Fiat Tipo 2026 to the local market this July, following a period of absence from official price…
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Nissan Qashqai 2027 Arrives in Egypt with Official Prices Starting at EGP 1,555,000
BYD Takes Over Egypt's NEV Market with 8 Models and 2,000 Cars Delivered in 146 Days
Top 5 Most Popular Used Cars in Egypt Starting from 250,000 EGP
Top 25 Used Cars in Egypt Under EGP 150,000
