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Palm Hills increases its sales by 18% in FY 18

Palm Hills Developments has achieved EGP 12.5bn sales in its project with an increase of 18% Y-o-Y, according to consolidated financial statements for the last quarter (Q4) of 2018. The statement said that the company has succeeded in selling 3,102 units in fiscal year (FY) 2018, compared to 2,136 units in FY 2017. The company …

Daily News Egypt

Tecno Mobile acquires 7% of mobile sales in Egypt

Tecno Mobile acquired a market share of about 7% in Egypt at the end of 2017, the company’s marketing department director, Mahmoud Taha, said. He expected that Tecno’s sales will witness growth in the next period, supported by the company’s new partnerships with Telecom Egypt and Orange Egypt. Tecno Mobile is a subsidiary of Transsion …

Daily News Egypt

Countries with fastest growing e-commerce sales

eMarketer published a list of the countries projected to achieve the fastest growing sales via e-commerce this year and the coming two years. The list is comprised of 15 countries. According to the report, India topped the list of countries expected to achieve strong growth in the e-commerce market. The report predicted India will mark …

Daily News Egypt

100,000 TVs sold in September

Televisions sales in the Egyptian market reached 100,000 devices in September, according to the German market research institute GfK, while Samsung topped the market with a share of 35% maintaining its top spot in the Egyptian market. “The Samsung screen factory in Beni Suef has contributed significantly to launching products with world-class technology at competitive …

Daily News Egypt

European automotive market experiencing huge suffering in 4 year

The sales of European cars declined to their lowest pace in four years last month due to lower purchasing power and tax changes in Britain. Bloomberg News Agency reported that some companies, including Volkswagen and Ford, lost their share in the European market to Fiat Chrysler and NF automobiles, which attract customers with their distinctive …

Mohamed Ramadan