Automobile Division expects passenger car prices in Egypt to rise soon
Zeitoun attributed this demand to the limited supply, coupled with rising prices of brand new cars in recent years.
Used Car Prices
The car market, both new and used, has witnessed significant activity in recent months, he said, noting that any change in prices – whether up or down – is directly linked to the dollar exchange rate at banks.
Nissan Sunny and Chevrolet Car Prices
Zeitoun explained that brands such as Chevrolet, Nissan Sunny, and MG have raised their prices due to delayed deliveries, which has led to a shortage of supply and increased demand.
Car Price Forecasts in Egypt
Regarding expectations for the coming period, Zeitoun indicated the possibility of price increases during the summer months (June, July, August, and September) due to increased demand before Eid al-Adha, the desire of some parents to purchase cars for their high school students before they enter university, and rising demand before the coastal and summer resort seasons.
Edited translation from Al-Masry Al-Youm
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CairoScene
4 days ago
- CairoScene
Beyond the Natural Stone of the Grand Egyptian Museum
This is how Cairo-based Hossam Zeitoun Contractors coated the highly anticipated museum with natural beauty. Originally Published on Sep 13, 2023 The Grand Egyptian Museum's (GEM) opening is Egypt's most anticipated event of the year, if not the decade. The largest museum dedicated to a single civilisation has the world on the edge of its cosmic seat to view the incomprehensible wealth of Egyptian heritage under one roof. Much like the artefacts contained within, the museum's slanted ceiling was made of locally-sourced natural stone - although in this case, it has been sliced with (quite literally) cutting-edge technology by Cairo-based marble manufacturers Hossam Zeitoun Natural Stone Contractors. Also known as Marble Art Egypt and El Sarh, Hossam Zeitoun Contractors is managed by architect Hossam and engineer Faten Zeitoun. With two manufacturing plants, the marble manufacturers offer custom fabrication and installation in Egypt, the UAE, Qatar and Saudi Arabia, as well as Italy, Greece, Singapore, USA and China, amongst others. 'Our aim is to create an everlasting culture of natural stone appreciation,' Mariam Zeitoun, Creative Director and Managing Partner, tells SceneHome. 'The world of natural stone is vast and wondrous. We take pride in constantly adapting to meet technological advances that help produce a wonderful stone-clad world.' Dedicated to natural stone design, supply and installation since 1979, Hossam Zeitoun has been developing state-of-the-art solutions in the industry, both locally and globally. Hossam Zeitoun sources their materials from all over the globe, from Argentina and Italy to the Philippines. But when it came to the Grand Egyptian Museum, they went back to the roots. 'This is a monument of Egyptian heritage. We were keen on using locally sourced materials to ensure authenticity and sustainability,' Zeitoun says, pointing to the materials used to clad the stiletto (slanted ceiling) that hovers over the museum, as well as the Temple Garden pavement, ripple benches, retaining walls, restaurant flooring and facade cladding. Approximately 25,000 sqm of surfaces were covered with their natural stone. The Grand Egyptian Museum was, understandably, highly sought after by the world's most prominent marble manufacturers. 'We were officially chosen after presenting a technique developed in-house called 'Slim Panelling',' Zeitoun says. The state-of-the-art technology slices the blocks into slabs of stone as thin as 5-6mm, fused to sandwich panels. 'It saves cost and is extremely efficient in creating the effect desired by the architects in the main facade,' she adds, referring to the Heneghan Peng Architects design. Initially, the design's facades were completely onyx backlit. This was narrowed down to a more simplified solution; only the pyramid-shaped entrances were to have the feature, with Egyptian limestone cladding the rest of the facade. The same technique was used for the challenging stiletto ceiling. Slim stone panels are ultra-thin and light sheets of natural stone; a fusion between thin stone slabs and durable reinforcement panels. The panels used in GEM possess an unmatched stiffness-density ratio when used in sandwich construction. The result is an efficient, consistent, lightweight structure. 'They assist in envisioning designers' creations into reality, making stone more reliable and flexible,' Zeitoun says. 'The stiletto ceiling, which is slanted and hovers over the museum, requires lightweight tiles that are perfectly fixed.' Hossam Zeitoun managed to reduce marble thickness to a minimum, achieving a light weight which was reinforced with aluminum honeycomb to ensure its durability. 'We strive to look for nature's beautiful harvests and bring them home,' Zeitoun says. Amber onyx was used for the backlit pyramid-shaped entrances. Egyptian limestone, also known as Trieste limestone, was used on the facade, while Egyptian granite was used for the monument pedestals. 'Amber onyx and alabaster have always been used in ancient Egyptian artifacts. The gold colour of the stone reflects warmth and richness, glowing vibrantly when backlit as the sun sets,' Zeitoun says, describing the feature that allows the museum to appear as a landmark from a distance. Floorings and claddings are made of the famous Trieste limestone, sourced from various Egyptian quarries. 'The beige colour helps it blend with the surrounding environment. Earthy colours reflect Egyptian colour palettes, blending with the Great Pyramids of Giza, which are seen from the museum,' Zeitoun explains. 'Seeing how in awe everyone feels of the museum's grandeur is very satisfying. It's a proud moment to realise that we've taken part in accomplishing a valuable addition to modern and ancient Egyptian heritage.' Hossam Zeitoun has made it common practice to participate in national projects that often attract global attention to Egypt's wealth of heritage. From their contributions to international airports such as Luxor International Airport and Cairo International Airport to the New Administrative Capital's Opera House and the Marriott Zamalek Gardens and the renovation of Moez St. But those are stories for another day. Photography Credit: Nour El Refai
See - Sada Elbalad
02-08-2025
- See - Sada Elbalad
Tesla Ordered to Pay $242 Mln in Florida Autopilot Crash Case
Israa Farhan A jury in Florida has ordered electric car giant Tesla to pay $242 million in damages over a 2019 fatal crash that involved its Autopilot feature. The case centred around a collision in Key Largo that resulted in the death of Nibel Benavides Leon and serious injuries to her friend, Dillon Angulo. The plaintiffs claimed Tesla's Autopilot system was partially responsible for the crash. According to court documents, the Tesla, driven by George McGee, veered into an oncoming Chevrolet vehicle, allegedly due to a malfunction or misuse of the Autopilot system. The jury found Tesla partially liable and awarded punitive damages of $200 million, in addition to $59 million to Leon's family and $70 million to Angulo's. Because Tesla was found to be one-third responsible, the final amount payable by the company was reduced to $242 million, according to attorney Darren Jeffrey Russo, who represented both families. Tesla plans to appeal the decision. Its legal team argued the crash was caused by driver error, claiming the driver was speeding, pressing the accelerator pedal, and distracted while searching for a dropped phone. In a statement, Tesla emphasized that no vehicle in 2019 could have avoided the collision, insisting the incident had no connection to its Autopilot feature. 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 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs 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 Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results
Al-Ahram Weekly
29-07-2025
- Al-Ahram Weekly
Egypt PM says recent economic crisis over, calls for price cuts - Society
Prime Minister Mostafa Madbouly said on Tuesday that Egypt has overcome its recent economic crisis, calling for a tangible drop in commodity prices. 'All indicators of Egypt's economic performance are positive, but the current prices of goods do not align at all with this improvement,' Madbouly said at a meeting with merchants and manufacturers in New Alamein City. He urged identifying causes that will lead to a downward trajectory in prices. 'Just as prices rose in previous periods due to the challenges we faced, they must now decline,' a cabinet statement quoted Madbouly as saying. He underlined the government's efforts to ensure the availability of various goods and production inputs for factories. 'We have succeeded in achieving this through full stability and a commitment from the banking system to provide all the foreign currency requirements for imports over the recent period,' he said. Madbouly stressed that citizens now need to see a genuine drop in commodity prices, particularly given the recent strengthening of the Egyptian pound against the US dollar. The Egyptian pound has seen a modest appreciation against the US dollar, with the official exchange rate falling below EGP 49 for the first time since late October 2024, nearly nine months ago. Since early 2022, Egypt has faced prolonged economic pressures, including a foreign currency shortage that drove up prices of most goods, particularly food. In response, the government began implementing measures to boost US dollar liquidity in the domestic market, aiming to release goods stockpiled at ports and restore market stability amid soaring inflation. Madbouly instructed the President of the Federation of Egyptian Chambers of Commerce to convene the heads of all commercial chambers and agree on genuine price reductions across a range of goods. Follow us on: Facebook Instagram Whatsapp Short link:
