logo
Kayan Egypt Celebrates 130 Years of ŠKODA's Legacy Worldwide

Kayan Egypt Celebrates 130 Years of ŠKODA's Legacy Worldwide

Economic Key16-05-2025

Kayan Egypt for Trade and Investment, the exclusive agent for ŠKODA in Egypt, celebrates the 130th anniversary of the establishment of the renowned Czech brand.
Celebrating this occasion, Kayan Egypt is offering now Octavia models at a starting price of 1,799,000 EGP and Kodiaq models at a starting price of 2,549,000 EGP.
Kayan Egypt plays an integral role in the ongoing success of this leading brand in the Egyptian market, demonstrating a strong commitment to quality and continuous innovation that has characterized ŠKODA over the years. Kayan Egypt emphasizes the importance of fostering mutual cooperation with the parent company ŠKODA to provide the best products and services to customers in the Egyptian market.
Nader Nabil, ŠKODA Egypt Brand Director at Kayan Egypt for Trade and Investment, commented on the occasion: 'We are proud to celebrate 130 years of the ŠKODA brand and reaffirm our ongoing efforts to enhance the position of ŠKODA vehicles in the Egyptian market as one of the leading brands in the automotive sector.'
'We look forward to continuing this success and fruitful partnership with ŠKODA brand in the coming years, achieving further growth and prosperity.' Nader added.
Nader also emphasized that the company strives to offer a unique and exceptional experience that exceeds customer expectations. They are keen to provide a wide range of ŠKODA models that meet various needs and tastes, aligning with the requirements of Egyptian customers and the nature of local needs for ŠKODA's global products, as well as providing high-quality after-sales services through an extensive network of authorized service centers staffed by highly trained technicians.
As part of the 130-year celebration of the brand's foundation, ŠKODA Global has opened the ŠKODA Museum to showcase the company's most notable achievements and amazing stories. The museum features dozens of cars, a selection of its first motorcycles and bicycles, and an interactive map detailing the development stages of the main factory. It also highlights 125 years of engine development and production in Mladá Boleslav.
Additionally, ŠKODA launched a special series of wristwatches created specifically for this celebration—a limited edition of 130 luxury watches from 'Laurin & Klement,' designed by the renowned Czech watchmaker Prokop & Bros. These exclusive watches are inspired by the Laurin & Klement BSC model, a rare and historically significant sports car from 1908 that represents the pinnacle of early automotive engineering. This edition of wristwatches honors both the watchmaking industry and the craftsmanship of automobile manufacturing, and will be available in selected European markets in September of this year.
تم نسخ الرابط

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CAPMAS: Egypt's Exports to UAE Jump 46.9%
CAPMAS: Egypt's Exports to UAE Jump 46.9%

See - Sada Elbalad

timean hour ago

  • See - Sada Elbalad

CAPMAS: Egypt's Exports to UAE Jump 46.9%

Taarek Refaat The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egyptian exports to the UAE rose to $3.3 billion in 2024, compared to $2.2 billion, year-on-year, a 46.9% increase. CAPMAS added that trade exchange between Egypt and the UAE also reached $6 billion during the same year. In a statement issued on the occasion of President Abdel Fattah El-Sisi's visit to Abu Dhabi Wednesday, the agency explained that Egyptian exports to the UAE increased to $3.3 billion in 2024, compared to $2.2 billion, a year earlier, with a 46.9% increase. While Egyptian imports from the UAE reached $2.7 billion in 2024, compared to $2.3 billion in 2023, a 16.8% increase. The agency's data also showed that the value of trade between Egypt and the UAE increased to $6 billion in 2024, compared to $4.5 billion in 2023, a 31.6% increase. The value of Emirati investments in Egypt reached $38.9 billion in the 2023/24 fiscal year, compared to $3 billion in the 2022/23 fiscal year. Meanwhile, the value of Egyptian investments in the UAE reached $1.4 billion in the 2023/24 fiscal year, compared to $1.7 billion in the 2022/23 fiscal year. The value of remittances from Egyptians working in the UAE reached $1.8 billion during the FY2023/24 compared to $2.1 billion during the FY2022/23. Meanwhile, the value of remittances from Emiratis working in Egypt reached $31.6 million during the FYFY2022/23. Egypt's population reached 107.7 million in June 2025, while the UAE's population reached 11.3 million during the same period. According to official mission estimates, the number of Egyptians residing in the UAE reached 975,000 by the end of 2023. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream

CBE: Foreign Exchange Reserves Rise to $48.5 Billion
CBE: Foreign Exchange Reserves Rise to $48.5 Billion

See - Sada Elbalad

timean hour ago

  • See - Sada Elbalad

CBE: Foreign Exchange Reserves Rise to $48.5 Billion

Taarek Refaat The Central Bank of Egypt (CBE) announced that net international reserves rose to $48.526 billion by the end of May, compared to $48.144 billion by the end of April, an increase of $382 million. Earlier today, the bank announced that remittances from Egyptians working abroad recorded an unprecedented historic leap during the period July-March 2024/25, rising by 82.7% year-on-year to approximately $26.4 billion (compared to approximately $14.4 billion). The period January-March 2024/25 also witnessed an 86.6% year-on-year increase, reaching approximately $9.4 billion (compared to approximately $5.0 billion). On a monthly basis, remittances in March 2025 increased by 63.7% year-on-year to approximately $3.4 billion (compared to approximately $2.1 billion). read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream

Gold Prices Continue to Rise amid Global Trade, Fiscal Escalation Fears
Gold Prices Continue to Rise amid Global Trade, Fiscal Escalation Fears

See - Sada Elbalad

time3 hours ago

  • See - Sada Elbalad

Gold Prices Continue to Rise amid Global Trade, Fiscal Escalation Fears

Waleed Farouk Gold prices in local markets rose noticeably by mid-day trading on Wednesday, in tandem with a significant increase in global spot prices. The rise was driven by escalating geopolitical tensions and a weakening U.S. dollar, which reinforced the appeal of the yellow metal as a safe haven for investors. Gold prices in Egypt increased by EGP 25 during today's trading session compared to Tuesday's closing, with the 21-karat gram reaching EGP 4,720. Meanwhile, the global ounce rose by $33 to reach $3,385. The 24-karat gold gram was priced at EGP 5,394, the 18-karat gram at EGP 4,046, and the gold pound recorded approximately EGP 37,760. Geopolitical Tensions Bolster Demand for Gold Geopolitical tensions between the United States and China have intensified, particularly after U.S. President Donald Trump announced the doubling of tariffs on steel and aluminum imports to 50%. This reignited fears of a renewed trade war between the two major economies. Additionally, ongoing developments in the Russia–Ukraine conflict have increased uncertainty in global markets, prompting investors to seek safety in gold. Weak U.S. Dollar Supports Gold Prices The U.S. dollar declined significantly, with the dollar index falling by 0.4%, making gold more attractive to investors dealing in other currencies. It is worth noting that gold typically moves inversely to the dollar, and a weaker greenback tends to boost demand for the precious metal. Outlook for Gold Prices With persistent geopolitical tensions and continued dollar weakness, analysts expect gold prices to remain supported in the near term. Central bank monetary policies—especially those of the U.S. Federal Reserve—will be a key factor in determining the direction of gold markets going forward. Today's increase in gold prices is attributed to a combination of factors, most notably rising geopolitical risks and a weakening U.S. dollar, which have enhanced gold's appeal as a safe haven amid global economic uncertainty. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store