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This decision will help companies boost their sales, particularly after they faced a decline last year, due to the lack of dollar availability.
Magdy: Current sales volume at least 35% of pre-Revolution figures, and we are targeting 10% growth
Company sales increased 14% in 2013 to a height of EGP 210m, before falling again in 2014.
Razeka believes the dollar crisis will be resolved within the year through successful state plans to increase the volume of Egyptian exports as one of the most important sources of hard currency in the Egyptian market.
The European personal car market in Egypt registered EGP 6.5bn in sales out of the approximately EGP 28bn in the personal cars market through the first 10 months of 2015. A total of 33,300 European cars were sold out of the 163,700 units the market registered. The Renault Logan remained in first place with most …
AMIC revised projections it published in early December, when it anticipated that the market would close on sales of EGP 29.99bn during 2015, by selling 196,500 units, down by 6% from last year, when the market closed at EGP30bn last year.
Smartphones represent 78% of devices sold during Q3 2015, according to IDC report
Gear S2 compatible with Kitkat and Lollypop android devices: El-Gamal
Samsung acquired the largest market share with 23.7%, while Lenovo sales declined
The Hyundai Verna topped the list with sales amounting to EGP 1.5bn with 16,500 cars sold, considered the cheapest Korean car in Egypt.
Nissan was able to record sales of 25,000 cars, acquiring 10% of the total number of units sold in the personal car market in Egypt.
Raya contracted with a government bank to implement an information and infrastructure centre at a cost of EGP 120m
Expectations contradict the 25% increase in prices since last year, affected by high demand
The reduction in the value of the Egyptian pound against the dollar and the regulations of the Central Bank of Egypt to control the dollars deposits has affected the flow of shipments.
By Mohamed Alaa El-Din A recent report issued by GFK Institution ranked Egypt as having one of the highest smartphone sales in developing markets in 2015. According to the report, Egypt occupied eighth place in the list of countries that included India, Pakistan, Nigeria, Brazil, China and Indonesia. The report said Egypt’s sales of smartphones …
Skoda Octavia heads the list of most sold European cars in Egypt at EGP 693m
Geely Emgrand 7 topped the list of most sold Chinese cars in Egypt after sales reached EGP 254m
Spain continues to export arms sales to Egypt after partial embargo imposed by EU in 2013
Rise in sales of company’s projects in western and eastern Cairo as well as North Coast main derivatives to this anticipation, company says
8.2% reduction in locally manufactured cars, compared to 48% increase in imported cars
We expect to sell 352,000 cars in 2015 with a growth rate of 20%, says Mustafa Hussein
Company to invest EGP 2.3bn and deliver 684 units in all projects
Sales of the latter were more than 2m pieces in the three months since it was launched in September.
Unstable dollar exchange rate represents one of the biggest challenges to investment in Egypt
Wadi Company for Agricultural Development aims to increase its sales to EGP 2bn during 2014 through various expansions
No additional taxes to be announced within the coming period, Finance Ministry official
A smooth launch is crucial for Samsung, which reported its second straight quarter of profit decline earlier this month as margins in the key smartphone business come under growing pressure from cheaper Chinese rivals.