Auto sales in Egypt climb 86.1% YoY in 4 months
Arab Finance: Automotive sales in Egypt rose by 86.1% year-on-year (YoY) in the first four months of 2025, reaching 43,700 units, versus 23,500 units in the year-ago period, according to a report from the Automotive Marketing Information Council (AMIC).
Passenger car sales surged by 89% YoY during the four-month period to 33,900 units from about 17,900 units.
The report also showed that sales of buses rose as well, reaching 2,000 units, up by 39.6% from 1,800 buses in the same period last year.
Similarly, truck sales were up by 95.5% YoY, recording 7,200 units in the four-month period of 2025, versus 3,600 units.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
20 minutes ago
- The National
Egyptian giants Al Ahly look to gatecrash Lionel Messi and Inter Miami's Club World Cup party
Egypt's Al Ahly are used to continental attention and pre-eminence, but their next game will open them up to new audiences as Africa's most successful club play against hosts Inter Miami in the city's Hard Rock Stadium. Saturday's match (Sunday 4am UAE time) will be the first game in the expanded 32-team Club World Cup, with Fifa president Gianni Infantino guaranteeing that the stadium will be full. However, it's far from a sell-out and ticket prices have dropped considerably. When they went on sale in December, the cheapest ticket for the match was $349, but Fifa's dynamic pricing model has kicked in. When The National checked on Wednesday, there were tickets on sale in multiple areas of the 65,300-capacity stadium priced from $69, with further discounts to local students. Lionel Messi is usually a pull and Inter Miami play to sell-out home crowds of 21,000 most weeks. Ahly are huge, too, but the supporters we spoke to in Cairo said they looked at the cost of travelling to the United States to support their team and quickly decided it wouldn't be possible. Interest from Ahly fans is high, though. The Miami kick-off is at 3am Egyptian time, but Ahly fans told us that Cairo's coffee shops will be full of people watching the game. The competition is being taken seriously, a chance for Ahly to shine on a bigger stage against the best teams in the world. The financial guarantees are significant for Africa's four representatives. Al Ahly, Esperance (Tunisia), Mamelodi Sundowns (South Africa) and Wydad (Morocco) are expected to receive a minimum of $9 million for playing in the tournament, much more if they make it beyond the group stage or even win a few matches. By contrast, an African club would get only $4 million for winning the CAF Champions League – and the clubs must pay their own travel expenses criss-crossing the vast continent. Ahly arrive in the United States for the Club World Cup as the most successful African team of the modern era. Though their Cairo neighbours and upstarts Pyramids won the African Champions League recently, Ahly are by far the most dominant team in the continent's premier club competition, winning four of the past five titles. Their 12 overall titles have them way out in front. No other African team comes close. Regulars in the Club World Cup's previous and smaller format, with more appearances than even Real Madrid, Ahly are again Egyptian champions and fans feel that their squad is the strongest they have ever had. 'Everyone is optimistic because we hear that Miami are not playing well,' supporter Mostafa Omar told The National. 'People think we can beat them, draw with Palmeiras and still lose to Porto, but make it through to the last 16. But then we remember that they have Messi, and if Messi wants to win, then he'll win. 'Going to the Club World Cup is massive for us. Some people in Europe don't know what this means to people from the rest of the world, it's your only chance to meet a Real Madrid, a Barcelona, a Bayern Munich, it never happens, and it means the world for us.' Ahly count tens of millions of supporters in Egypt, with estimates ranging from 40-80 million. The club also have Arab fans and supporters in different parts of Africa. Ahly are traditionally the team of the working class against the middle- and upper-class support of their main rivals, Zamalek. There are millions of Egyptians around the world – including around 200,000 in the United States. Many of them are in the New York area, where Ahly will play their second and third group games, against Brazilian side Palmeiras and then Portuguese giants Porto. An upturn in form after a 3-0 March defeat to Zamalek has helped lift the mood. Ahly won six and drew one of their seven games in the championship play-off to win their latest domestic title. April's Champions League semi-final elimination to South African side Sundowns irked, leading to the dismissal of Swiss coach Marcel Koller. In charge of Ahly's Club World Cup bid is 49-year-old Spaniard Jose Riveiro, previously in charge of South Africa's Orlando Pirates. Their star players include Wessam Abou Ali, the Danish-born Palestinian scored 18 in 19 league games after arriving midway through the 2023/24 season, but even he was eclipsed last season by Eman Ashour, the best player and top scorer in the Egyptian top flight. And, like other clubs, Ahly have strengthened ahead of the tournament, with more attacking threats. They controversially signed winger Ahmed Sayed 'Zizo' from Zamalek, the first player to switch between Egypt's two biggest clubs since 2013. Few believed the rumours that Zizo would sign for Ahly until he was spotted in the US embassy getting a visa – most likely to travel with Ahly to the Club World Cup in June. The player took to social media to say that he 'does not respond to false information … to be clear, I have not signed for any club, whether inside or outside Egypt.' But everyone correctly thought he was joining Ahly and he did just that last week. Egyptian international forward Mahmoud Trezeguet, 30, has returned from successful spells in Turkey and Qatar and a less successful one with Aston Villa. His full name is Mahmoud Ahmed Ibrahim Hassan, but everyone calls him Trezeguet after a similarity in appearance and style with the former French striker, David. Ahly boast 18 million fans on Facebook, dwarfing Inter Miami's eight million and also bigger than Borussia Dortmund's 15 million but lower than Atletico Madrid's 20 million. Given the Egyptian domestic league doesn't enjoy the global prominence of the Bundesliga or La Liga, it's significant. Ahly, with their beautiful badge of an eagle, want to use the tournament well. 'If any football fan knows a club outside of Europe and South America, then it should be Ahly, that's our mission,' Ahly board member Mohamed el Damaty told The National. The Floridian heat or humidity won't be an issue for the Egyptians. They will not be intimidated by the atmosphere or size either, given they regularly play in front of 70,000 in the Cairo International Stadium and travel with the confidence of being Egypt's biggest and most successful club. They will take notes from December's Fifa Intercontinental Cup. A convincing 3-0 win against UAE club Al Ain at home in Cairo set up a semi-final with Mexican side Pachuca in Qatar. After 120 goalless minutes, Ahly lost 6-5 on penalties and the chance of a final against Real Madrid. Al Ain, Real Madrid and Pachuca are all in this 32-team Club World Cup, as are Sundowns and Auckland City. Ahly could be up against familiar foes in these unfamiliar surroundings, but the most intriguing question is how they will fare in the first game, against Miami in their home city.
Zawya
2 hours ago
- Zawya
Hong Kong International Automotive & Supply Chain Expo Kicks Off: "Phoenix Go Glocal" Empowers Auto Enterprises on a "New Journey" of Global Expansion
HONG KONG SAR - Media OutReach Newswire - 13 June 2025 - The 2025 International Automotive Supply Chain Expo (Hong Kong), co-hosted by the China Association of Automobile Manufacturers, Hong Kong Chinese Enterprises Association, The Chinese Manufacturers' Association of Hong Kong, China General Association For Hong Kong, Macao And Taiwan, and Phoenix Media Group commenced on June 12 and will run until June 15 at AsiaWorld-Expo in Hong Kong. As the expo's only media co-host, Phoenix Media Group is leveraging its international communication resources to provide comprehensive coverage of the automotive industry's cutting-edge technologies showcased at the exhibition, while empowering auto enterprises in their global strategic expansion. Under the theme of "New Automobiles · New Journey," the expo features a series of dynamic events, including a high-level summit forum, specialized sharing sessions, and new vehicle launch events by renowned automakers. Adopting a hybrid "exhibition-plus-conference" model, the expo not only establishes a global display platform for traditional automotive enterprises but also opens up cross-sector collaboration opportunities for emerging sectors such as the low-altitude economy, comprehensively empowering the "new journey" of China's automotive industry's global expansion. As one of China's industries with the greatest global expansion potential, new energy vehicles (NEVs) are demonstrating immense growth momentum in enterprises' global strategic layouts. Leveraging its unique status as an international financial, legal, and trade center, Hong Kong, in conjunction with the synergistic advantages of the Greater Bay Area's automotive industrial cluster, has built a solid strategic fulcrum for auto enterprises venturing overseas. During the opening ceremony on June 12, Chief Executive of the Hong Kong Special Administrative Region John Lee Ka-chiu emphasized in his address that Hong Kong's international capital market and world-leading professional services provide financing and overseas promotion services for mainland NEV enterprises, while also assisting overseas enterprises in accessing the vast mainland market. Over a hundred global automotive manufacturers, supply chain enterprises, and technology innovation institutions are participating in the expo. This includes 11 major Chinese mainland automakers, with prominent figures such as Mr. Qiu Xiandong, Chairman of China FAW Group Co., Ltd., and Mr. He Xiaopeng, Chairman and CEO of XPeng Inc., attending the event. Additionally, nearly 40 mainland automotive supply chain and technology companies are showcasing their latest products and technologies, including smart cockpits, combined assisted driving systems, and automotive chips. The expo also features specialized sharing activities. The "Hong Kong International Commercial Arbitration & Cross-border Financial Strategy Forum" leverages Hong Kong's unique advantages as an international legal service and financial center, focusing on the practical business needs of auto enterprises venturing overseas. It provides practical insights into cross-border legal and financial fields through expert interpretations. Concurrently, the "Green Wings, Smart Airspace: Greater Bay Area Era of eVTOL" Low-Altitude Economy Cooperation Summit, rooted in the Greater Bay Area's geographical advantages, deeply explores the diverse possibilities of integrating the low-altitude economy with green smart mobility. Phoenix Media Group's international event brand, "Phoenix Go Glocal," embodies mission: "Your Premier International Communication Platform for Going Global." At this expo, "Phoenix Go Glocal" is focusing on participating auto enterprises, utilizing various formats such as high-end exclusive interviews and technology deep dives. Combined with its omni-media communication channels, it comprehensively showcases the innovative achievements of China's automotive industry. Simultaneously, by leveraging Hong Kong's unique advantages and the synergistic development momentum of the Guangdong-Hong Kong-Macao Greater Bay Area automotive industrial cluster, "Phoenix Go Glocal" provides brand communication support for auto enterprises, helping to build international brands with both global vision and local insights. This initiative propels more Chinese enterprises overseas while also supporting more international enterprises in entering China. As the largest overseas omni-media Chinese-language media conglomerate, Phoenix Media Group is dedicated to disseminating Chinese culture and fostering international exchange. Leveraging its global presence, global reporting, and global dissemination advantages, the group operates through a comprehensive international media communication matrix encompassing "Television Channel, Website, Screen Display, Magazine, and Platforms". With 63 correspondent stations worldwide, Phoenix Media Group delivers diverse news products, ensuring multi-dimensional content reach to global audiences. It is committed to conveying enterprises' global expansion dynamics, strengthening brand international recognition, and empowering enterprises in their "going global" endeavors. Hashtag: #Phoenix The issuer is solely responsible for the content of this announcement. Phoenix Media Group
Arabian Business
3 hours ago
- Arabian Business
Egypt signs mid-term deals with Aramco and other companies for LNG
Egypt has reached mid-term agreements with several energy companies, including Saudi Aramco, to purchase liquefied natural gas (LNG), as the government seeks to meet the rising power demand and alleviate the frustrations and economic losses caused by persistent blackouts throughout the country. Agreements have been reached with global energy companies and trading houses, including Saudi Aramco, Shell, Vitol, Trafigura, BGN, SOCAR, and PetroChina. Bloomberg also added London-based Hartree Partners to that list. Both Reuters and Bloomberg reported the story, but since the Egyptian government had not confirmed the numbers, there were discrepancies. Reuters said between 50 and 60 cargoes will be used to cover this year's demand – on top of 75 cargoes purchased earlier this year – while the rest will be delivered through the end of 2026. This would result in a total of 235 cargoes for this year and next, costing Egypt a total of US$8 billion. Egypt secures major LNG supply deal Bloomberg said that Egypt agreed to purchase LNG over a two-and-a-half-year period, and that the deals will bring in as many as 290 cargoes over the period, starting next month. The world's most populous Arab country, which has been struggling with a currency crisis, has endured power issues over the past two years as natural gas supply fell short of demand. After years of being an exporter, it became a net importer of gas last year. The country's Ministry of Petroleum, the Egyptian Natural Gas Holding Company, and the companies involved did not immediately respond to the two agencies' request for comments. Reuters said the cargoes were priced at a premium of $0.70-$0.75 above the gas price at the Dutch TTF hub, with a nine-month deferred payment. Bloomberg reported only 180 days (six months) for deferred payment for the cargoes priced at a premium to the European gas benchmark of about 80-95 cents per million British thermal units.
