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Chinese car companies, for the new year, did not reduce car prices in anticipation for market conditions improving, Saad explained. He noted that the recent drop in car prices is not solely due to custom removals of Turkish cars, but also to the decline in exchange rates.
Visit to promote joint coordination on the Belt and Road Initiative, says ambassador
Moreover, the cabinet gave the green light to importing 1,300 railway carriages financed by a €1bn credit facility agreement with the Hungarian Export-Import Bank.
Chinese cars assembly in Egypt is a lifeline before custom exemptions negatively affect Chinese car sales, says Saad
“I will continue previous Chinese ambassadors’ successes to promote bilateral relations with Egypt,” says Liqiang
Minister of Trade and Industry Amr Nassar met with Chinese companies working in the field of spinning, weaving, and ready-made garments, who are interested in investing in the Egyptian market, on the sidelines of his visit to the Chinese capital Beijing as part of the Egyptian delegation participating in the Belt and Road Forum. During …
Agreement signed between Ain Shams University, Clemson University, Huazhong Agricultural University
Egypt’s president arrived in Beijing on Saturday on a four-day visit
China has raised its direct investments in Egypt by $106m, an increase of 75% over the same period last year, according to Han Bing, minister counselor for economic affairs at the Chinese Embassy in Cairo. Bing said, at a press conference at the embassy held Tuesday, that China ranks sixth of all source countries of …
Company’s losses last year reached EGP 19m, losses expected to decline by the end of FY to EGP 13m
The monthly report released by the Automotive Marketing Information Council (AMIC) of November revealed that the Chinese car market recorded sales worth EGP 1.8bn, with 12,000 sold units from January until February 2016. Ghabbour Auto took over the market of Chinese cars, representing 96.8% of the market’s sales. The two brands Geely and Chery sold …
Ghabbour Group has managed to keep control of the Chinese automotive market, acquiring 97% of its total sales. The brands Geely and Chery registered sales of 8,981 units over nine months out of a total of 9,255 Chinese-origin units sold. The competition was limited to two brands, Geely and Chery, six months following Chery’s entry …
70% deficiency in the market; spare parts for Korean, Chinese, Japanese, European models are absent
Ghabbour Auto was able to acquire 96% of the Chinese car market in Egypt. Its two main brands, Chery and Geely, recorded sales of 5,777 units over the first seven months of 2016. The entire Chinese car market in Egypt achieved sales of 6,013 units over that same period, though the competition was limited between …
Coinciding with September’s deliveries, further price hikes have swept across approximately 137 models from all the well-known brands in the automotive market, registering record highs as a result of the price increases companies have put in place on newly imported shipments and the low supply offered in the market. These price hikes were registered for …
Chinese tourists are increasingly adding Europe to their travel plans, and the Belgian region of Wallonia wants to get in on the action. A new certification label aims to help businesses appeal to Chinese sensibilities.
Shares in the Chinese e-commerce giant Alibaba jumped more than 5 percent on Thursday after the company reported a 59 percent year-on-year increase in its first-quarterly revenue to nearly $5 billion.
In a bid to attract more Chinese tourists into the country, Cambodia is accepting payments in yuan. But many Cambodians oppose the measure, saying the government should promote the use of its own currency instead.
A city in the eastern part of China has said it’s suspending preliminary work on a nuclear waste processing plant after days of protests by local residents over health concerns. No final decision has been made yet.
Racecars and royalty in the Bavarian Alps: Sounds like “Heidi” meets “The Fast and the Furious”? Actually, it’s the recipe for a unique high-budget Chinese movie set to be filmed almost entirely in Germany.
Smart phone sales record 40% annual growth, says MENA business development manager
Managing director of Tianjin Teda Company stated that the investment will come from 80 to 100 companies
We aim to expand the centre’s services to increase sector’s exports, says Osman
By James M. Dorsey Turkish football player Alpaslan Ozturk’s decision to risk fame and wealth by expressing support for the embattled Turkic Uighur minority in Xinjiang reflects pressures in China’s ties to Turkey, its most complex relationship in the Muslim world, and a key node on the Silk Road that Beijing hopes to revive with massive …
The decrease in number of tourists in Egypt led to increase in other destinations
Tour guide: Such incidences should be reported immediately
For many years I renounced Chinese food here in the Big Mango because the choices are limited. I drifted towards Japanese, Thai, Vietnamese when I could get it.