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Cairo National Automotive establishes Star Brokerage

By Mohamed Azab The Egyptian Financial Supervisory Authority (EFSA) approved the establishment of a direct brokerage company for insurance, according to the Law 10/1981, modified by Law 118/2008. It was established in favour of Cairo National Automotive (CNA), the Mercedes agent in Egypt. The company was established under the name of Star Brokerage, with a …

Daily News Egypt

Automech-Formula presents new car models in Egypt

Egyptian International Motors company (EIM), the Kia and Renault agent in Egypt, presented three new Renault cars: Sandero, Sandero Stepaway and Logan Automatic, as well as Kia Cee’d, with prices ranging between EGP 165,000 and 185,000 and an engine of 1,400 CC as well as 183 horsepower.

Daily News Egypt

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Second-hand market offers Cairenes weekly bargains

  Cars and busses dust the people as they rummage through the piled up products. Framed by broken wooden bars, sales partitions are buried in a narrow alley of one of Cairo’s cemeteries. In Souq Al-Gomaa (The Friday Market), a variety of second-hand products are sold, ranging from toys, books, cassette tapes and antiques to …

Marwa Morgan

The energy rebound dilemma and the age of consumerism

By Eng. Hisham Farouk Mostafa Despite great efforts to increase energy efficiency, the reflection on energy consumption has not been as expected. Improved efficiency rebounded into greater consumption through the manufacturing of higher quality products, which led to an increased rate of energy consumption to achieve higher performances. In the automotive industry, there was hard work …

Daily News Egypt

French, Spanish car sales rally, Chevrolet fades: Trade data

AFP – French car sales picked up strongly in March after a grim year for the industry in 2013, but volumes remained low, trade data showed on Tuesday. The figures showed that French carmakers, including struggling Peugeot, did well, but that sales by General Motors fell heavily reflecting a contested decision to withdraw the Chevrolet …

Daily News Egypt