Egypt
Industry
Egypt's autos industry remains in the doldrums, with demand for new vehicles remaining depressed by a combination of both economic and political strife. According to figures from Egypt's...
2012-01-27Industry
Egypt's largest autos firm GB Auto has reported a 35% drop in net profit for Q211, as a result of the political tensions in the country curtailing consumer spending. However, CEO Raouf...
2011-08-11Industry
Egypt's GB Auto says any regime change resulting from the political unrest in countries such as Libya and Syria could provide opportunities for foreign investors. BMI believes this...
2011-04-18Industry
Egypt's largest vehicle assembler, GB Auto, has announced plans to establish a finance division, which it says will expand its source of revenue. However, BMI believes the strategy...
2011-04-04Industry
BMI's core views for the autos sector are now based on a period of recovery for the industry, which means more forward-looking strategies as we move into 2011. Certain themes remain,...
2011-03-15Industry
Egypt's largest car assembly firm, GB Auto, reported a 28% increase in net profit in 2010, despite a Q4 decline in the run up to the country's political protests. It is also optimistic...
2011-03-07Industry
Egypt's Ministry of Finance is considering a plan by the country's Industrial Development Authority (IDA) to award incentives for local vehicle production. While the IDA sees the proposal...
2011-01-25Industry
Chery Automobile has registered record sales in Egypt, in line with BMI's view that Chinese carmakers are targeting the growth potential of African markets. Chery has five models available...
2011-01-10Industry
BMI's core views for the autos sector are now based on a period of recovery for the industry, which means more forward-looking strategies as we move into 2011. Certain themes remain,...
2010-12-15Industry
Mitsubishi has signed a deal with local dealer Diamond Motors as it chases a market share of 5.8% in Egypt, where 17% sales growth is in the cards over the next five years.
2010-12-07


