Valu Partners with Hydroturf Egypt to Offer Flexible Financing Solutions for Club Car's Premium Utility Vehicles
With a legacy of over 60 years، Club Car is the most durable and only American-made utility vehicle in the market، renowned for its reliability and performance. Through this partnership، consumers in Egypt can now acquire Club Car vehicles with Valu's as an exclusive tailored، flexible payment plan provider، making high-quality، efficient mobility solutions more attainable. The agreement also extends to new product categories، including advanced battery systems and dedicated after-sales services، ensuring customers' comprehensive and hassle-free ownership experience.
As Egypt continues to witness a surge in demand for high-performance utility vehicles، Valu's partnership with Hydroturf Egypt comes at a pivotal time. By leveraging Valu's cutting-edge financial solutions، customers can enjoy flexible payment plans that align with their financial needs، empowering them to invest in premium transportation solutions without financial strain. The partnership is expected to facilitate transactions starting from a minimum value of EGP 600،000، reaffirming the strong market appetite for premium، high-quality vehicles.
Motaz Lotfy، Senior Director of Business Development and Partnerships at Valu،
stated: 'At Valu، we are dedicated to offering financial solutions that seamlessly integrate into our customers' lifestyles، enabling them to make purchases that enhance their daily lives. Our collaboration with Hydroturf Egypt aligns with our vision to democratize access to world-class products، ensuring that customers can acquire the industry's most durable and trusted utility vehicles conveniently and flexibly.'
Georges Safwat Momtaz، Hydroturf Egypt's Chief Commercial Officer،
commented
on the partnership: "With Valu، we find solutions to deliver the best products our clients deserve. By integrating Valu's flexible financing options، we are making it easier for customers to own Club Car vehicles while benefiting from reliable after-sales support and advanced battery solutions.
This partnership underscores Valu's ongoing commitment to revolutionizing the financial services sector by providing accessible، transparent، hassle-free payment solutions. By expanding its footprint into the premium automotive and utility vehicle sector، Valu continues to diversify its portfolio، reinforcing its position as the region's leading fintech enabler.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al-Ahram Weekly
36 minutes ago
- Al-Ahram Weekly
Egyptian Pound undervalued: Economist's Big Mac Index 2025
The Egyptian pound remains significantly undervalued, according to the Economist's July 2025 Big Mac Index, as measured by both the Raw Index and the GDP-adjusted version. The index shows that buying a Big Mac in Egypt costs less than half what it does in the United States—suggesting the pound is far weaker than its 'fair value' relative to the US dollar. According to the Raw Index, a Big Mac costs EGP 125.00 in Egypt, compared to $6.01 in the US. This implies an exchange rate of EGP 20.80 to the dollar. Given the actual market exchange rate of EGP 49.35, the pound is deemed 57.9 percent undervalued. To address criticism that goods are naturally cheaper in poorer countries due to lower labour costs, The Economist also publishes a GDP-adjusted index for a more nuanced view. Under the GDP-adjusted index, a Big Mac costs $2.53 in Egypt, compared to $6.01 in the US—a 57.9 percent difference. However, when accounting for Egypt's GDP per capita, a Big Mac should cost just 28.8 percent less. This suggests that the pound is still undervalued by approximately 40.8 percent. The report comes amid a slight appreciation of the Egyptian pound over the past six months. The dollar has declined by 2.42 percent against the pound, with the current exchange rate at EGP 49.07. Rising remittances from Egyptians abroad are among the factors contributing to this trend. First introduced in 1986, the Big Mac Index was designed as a lighthearted way to illustrate purchasing-power parity (PPP)—the theory that exchange rates should eventually equalize the price of identical goods across countries. Although never intended as a precise economic tool, the index has become widely cited in textbooks and academic studies, providing an accessible snapshot of currency valuation. For those who take their fast food more seriously, The Economist also publishes a 'gourmet' version of the index. In Egypt, the McDonald's franchise is owned and operated by Manfoods, a subsidiary of the Mansour Group. The chain has been operating in the country for 28 years, with more than 131 branches across 14 governorates—mainly in Cairo and Giza—with total investments exceeding EGP 1 billion. Follow us on: Facebook Instagram Whatsapp Short link:
See - Sada Elbalad
an hour ago
- See - Sada Elbalad
US-Japan Trade Pact Cuts Tariffs to 15%
Israa Farhan US President Donald Trump has announced a new trade agreement with Japan, featuring a 15% tariff on Japanese imports, down from a previously threatened 25%. The deal also includes a Japanese pledge to invest $550 billion in the United States and grant greater market access to American automobiles and rice. Trump, posting on Truth Social, called the agreement transformative, predicting it would generate hundreds of thousands of new jobs. He also reaffirmed strong bilateral ties, saying the US would always maintain a close relationship with Japan. Japanese Prime Minister Shigeru Ishiba said he would review the agreement carefully before offering detailed remarks. Speaking from Tokyo, he confirmed that he had been briefed by chief trade negotiator Ryosei Akazawa, who had led discussions in Washington. Following the announcement, Japanese automaker stocks soared. Mazda rose 12%, Toyota 10%, Honda over 8%, and Nissan 6.5%. The broader Nikkei Index also climbed 1.7% in response to the deal. Economist Kazutaka Maeda from the Meiji Yasuda Research Institute praised the agreement for lowering recession risks but noted its politically awkward timing. The deal's finalization after Sunday's underwhelming upper house election result offered little immediate boost to Prime Minister Ishiba's political standing. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
Egypt Independent
3 hours ago
- Egypt Independent
Both targets of Trump's tariffs, the EU and China still can't get along
Hong Kong CNN — As the two biggest economic targets in Donald Trump's trade war, some analysts thought the European Union and China could move closer together and stake out common ground. But a summit between the two sides in Beijing on Thursday is instead expected to showcase the deep-seated frictions and mistrust that are widening a rift between the two heavyweights. European Council President Antonio Costa and European Commission President Ursula von der Leyen are set to meet Chinese leader Xi Jinping and hold summit talks with Chinese Premier Li Qiang in Beijing. The meeting comes as both countries have faced heightened tariffs on their exports to the US – with uncertainties in US trade relations driving Beijing to look to tighten ties with the EU and other major economies. But a list of grievances between the two sides are setting that goal out of reach. The EU was far from shy about its concerns in the lead up to the summit. Officials in recent weeks have reiterated their long-standing concerns over what they say are inexpensive Chinese goods 'flooding' European markets, raised alarms about Beijing's move to squeeze the rare earths supply chain, and decried its ongoing backing for Russia as it wages war in Ukraine. Beijing has lashed out against those concerns, including the 27-member bloc's move last year to raise tariffs on its electric vehicles, launching a range of its own trade probes in apparent retaliation. European Commission President Ursula von der Leyen shakes hands with Chinese leader Xi Jinping after holding a trilateral meeting including French President Emmanuel Macron in Paris in May, 2024. Christian Liewig/Corbis/Getty Images After the EU last month announced it was barring Chinese companies from participating in public tenders for medical devices over a certain value, Beijing hit back with its own curbs on government purchases of Europe-made devices. On Monday, China's Ministry of Commerce slammed the EU decision to include two Chinese banks and a handful of other firms in its latest sanctions against Russia over its invasion of Ukraine. It claimed the move would have a 'severely negative impact on China-EU economic and trade relations.' China's Commerce Minister Wang Wentao lodged solemn representations — diplomatic speak for formally expressing serious discontent — over the sanctions in a video call with EU trade chief Maros Sefcovic on Tuesday. The two officials had 'candid and in-depth' discussions on China-EU economic and trade cooperation and key issues of concern, the Chinese Commerce Ministry said in a statement. All this sets the stage for a contentious summit, ostensibly meant to celebrate 50 years of relations, that's already been whittled from a planned two days to a single-day event. 'We should expect a very difficult moment and not a deal making moment,' said Abigaël Vasselier, head of the Foreign Relations team at MERICS think tank in Germany, during a media briefing this week. And in some ways that mirrors frictions between the China and the US, she added: 'China has created leverage over Europe, has gone into a tit-for-tat escalation with Europe, and has linked all issues. You could almost say this looks like a Trump playbook used by China on Europe.' The US effect Trump's trade war – and his negotiations with both major economies – is also casting a long shadow over the summit. There were signs earlier this year that Beijing hoped shared adversity in the face of tariff threats from the US could push China and Europe together. And earlier this month, Beijing granted a reprieve for Europe's major cognac makers following an anti-dumping probe widely seen as retaliation for the bloc's imposition of up to 45% tariffs on its electric vehicles last year. But in separate addresses to G7 leaders and European lawmakers in recent weeks, von der Leyen made clear the bloc's deep concerns about Beijing had been unresolved. 'China is using this quasi-monopoly (on rare earths) not only as a bargaining chip, but also weaponizing it to undermine competitors in key industries,' she said to G7 leaders meeting in Canada in June. Beijing has extensive control over supply chains for these critical minerals key in everything from EV batteries and cell phones to fighter jets and roiled global manufacturing after placing export controls on some such minerals amid its trade spat with the US. China agreed during a truce with the US in June to ease these controls. Von der Leyen also called for unified G7 action to pressure Beijing as it 'floods global markets with subsidized overcapacity that its own market cannot absorb.' Miners are seen at the Bayan Obo mine containing rare earth minerals, in China's Inner Mongolia in 2011. Reuters While von der Leyen has long been hawkish on Beijing, voices in China have seen her as pandering to the US to ease trade frictions – and are watching closely for signs that a potential US-EU trade deal could target their economy. But China's leaders are also joining this week's summit in what they see as a relatively strong position relative to the EU when it comes the US talks. Beijing sees its decision to play hardball with the US, by raising tit-for-tat levies and then showing the power of its rare earths leverage, as paying off – bringing the US to the negotiating table twice and resulting with an agreement for a trade framework. Even as frictions remain – including China's purchases of Russian oil and Washington's elevated tariffs on Chinese goods – Beijing has already chalked wins, like the announced resumption of sales of Nvidia's H20 AI chips to China, in a reversal of an April US export ban. The EU, meanwhile, is scrambling ahead of an August 1 deadline to cut a deal with the US to avert heavy tariffs – and may see more at stake than their Chinese counterparts. 'The worst-case scenario would be for Europe to find itself in a two-front trade war with the US and China at a time when Trump is pressing for some sort of Faustian bargain with Beijing,' said Noah Barkin, a Berlin-based visiting senior fellow at the German Marshall Fund of the United States think tank. 'Rebalance'? With this backdrop, chances for any concrete outcomes appear low to observers on both sides, who instead stress that dialogue can be a form of progress in itself. Europe has been clear that it doesn't want to cut ties with China, but rather 'rebalance' its economic relationship, which saw a more than 300 billion Euro deficit last year. It also aims to 'derisk' its supply chains, and work together with China on shared global issues like climate change – a potential area of agreement this week. But experts say a key hold-up for Europe has been a sense that Beijing is unmoved by Brussels' core concerns. 'We haven't had an EU-China summit that produced real deliverables for many years and this one won't be any different. That is a reflection of Beijing's refusal to address the EU's two biggest concerns: an increasingly imbalanced economic relationship that poses a growing threat to European industry and China's ongoing support for Russia,' said Barkin. China has rejected Europe's concerns about industrial overcapacity leading to a flood of exports as baseless, with one state media outlet recently saying that instead of 'rebalancing trade,' Europe to 'needs to recalibrate its mentality.' BYD electric cars at a vehicle presentation event in Berlin this May. Annegret Hilse/Reuters Instead, Beijing is expected to continue to push for setting minimum prices of Chinese-made EVs in Europe instead of tariffs, as well as unfettered access to European technology and markets. And even as Russia ramps up its assault on Kyiv, Beijing is unlikely to give any sign of a shift in that position on Moscow, its close partner. Chinese Foreign Minister Wang Yi reportedly told the European Union's top diplomat earlier this month that Beijing can't accept Russia losing its war against Ukraine as this could allow the United States to turn its full attention to China. China has long claimed neutrality in the war and defended its 'normal trade' with Russia, while ramping up purchases of its oil and shipping goods Western leaders say power Russia's defense industry. But observers in China still feel there's room for collaboration as the two sides sit down on Thursday. 'To solve challenges from climate change to AI and global conflicts, the European Union needs China, and China needs the European Union,' according to Wang Yiwei, director of the Institute of International Affairs at Renmin University in Beijing. Alluding to the view that the EU can be a counterweight for China against US frictions and a partner in promoting globalization, he added: 'If China and the European Union seek win-win cooperation, the so-called new Cold War cannot prevail.'
