Egypt Motoring
2001 Daewoo Leganza Gets Mocked By Cheeky Valet
Egypt raises fuel prices by up to 50 per cent under IMF loan deal
First electric car charging station opens
2018-02-26 18:11:03 (21 Feb 2018) LEAD IN: The first electric car charging station in Egypt and North Africa has opened at the Watania Gas Station, outside of Cairo. STORY-LINE: With the ribbon cut, this car-charging station is officially open. The opening ceremony is attended by the Minister of Trade and Industry, Tareq Qabeel, and a number of executive leaders and public figures. They are keen to try out the new technology. Many countries are moving towards the use of electric cars. The introduction of the technology to the Egyptian streets will help to protect the environment from exhaust fumes. The technology company Revolta is collaborating with the National Company for Petroleum Materials to provide infrastructure for electric vehicles   Read More ...
2001 Daewoo Leganza Gets Mocked By Cheeky Valet
2017-08-26 21:07:47 Usually, driving a 16-year old car doesn't necessarily mean anybody's looking to make fun of your ride, although, not all cars are created equal. This is a Daewoo Leganza, a car not everyone is familiar with. The Leganza is a mid-size luxury saloon (yes luxury), which was built by Daewoo between 1997 and 2002, with Egypt getting it until 2008   Read More ...
Egypt fuel price hikes fan inflation fears
2017-07-02 18:11:18 CAIRO: Hisham Gaber had been preparing his wedding for months, but started to have second thoughts as inflation in Egypt rocketed due to government austerity measures, including sharp increases in fuel prices. “Marriage and handling the additional burdens in these conditions have become an unsound decision,” said the 28-year-old engineer. The government on Thursday announced an increase in fuel prices of up to 55 per cent, the second since November when it also floated the currency in an IMF-backed reform programme, which fuelled inflation   Read More ...
Egypt fuel price hikes fan inflation fears
2017-07-02 13:37:05 Cairo - Hisham Gaber had been preparing his wedding for months, but started to have second thoughts as inflation in Egypt rocketed due to government austerity measures, including sharp increases in fuel prices. "Marriage and handling the additional burdens in these conditions have become an unsound decision," said the 28-year-old engineer. The government on Thursday announced an increase in fuel prices of up to 55 percent, the second since November when it also floated the currency in an IMF-backed reform programme, which fuelled inflation   Read More ...
Egypt raises fuel prices for second time in months
2017-06-29 19:01:37 Egypt has announced up to 55 percent increase in fuel prices, the second such increase since the local currency was floated seven months ago, as the country cuts government subsidies in an IMF-backed austerity programme in exchange for $12bn loan. The cabinet said that 82 octane petrol would sell for 3.65 pounds ($0.20) a litre up from 2.35 ($0.13), with the same increase for diesel, while 92 octane petrol rose from 3   Read More ...
Egypt raises fuel prices by up to 50% under IMF deal
2017-06-29 18:18:36 Cairo: Egypt on Thursday hiked fuel prices by up to 50 per cent to help meet terms of a $12 billion (Dh44 billion) IMF loan deal, a sharper rise than expected by many struggling with soaring living costs and a further test of President Abdul Fattah Al Sissi’s popularity. Fuel price increases had been widely anticipated as part of Egypt’s loan accord with the International Monetary Fund (IMF) and Thursday’s measures were the second rise since the government floated the pound currency in November   Read More ...
Egypt slashes fuel subsidies in IMF-backed reform
2017-06-29 16:38:30 Cairo - Egypt announced a new sharp increase in fuel prices on Thursday, as it slashes government subsidies in a tough IMF-backed reform programme. The cabinet said that 82 octane petrol would sell for 3.65 Egyptian pounds a litre up from 2.35, with the same increase for diesel, while 92 octane petrol rose from 3.5 to 5.0 Egyptian pounds. The government first increased fuel prices in 2014 and again in November last year after floating the pound   Read More ...
Egypt raises fuel prices for second time in less than a year
2017-06-29 15:09:13 CAIRO (AP) — Egypt has raised the prices of fuel by up to 55 percent, the second such increase since the local currency was floated seven months ago. Thursday's move, announced on official news agency MENA, comes as part of broader economic reforms taken to meet demands by the International Monetary Fund for a $12 billion bailout loan. Raising fuel prices is bound to boost already surging inflation and fan popular discontent over the austerity policies launched by President Abdel Fattah el-Sissi   Read More ...
Egypt raises fuel prices by up to 50 per cent under IMF loan deal
2017-06-29 14:45:22 CAIRO (Reuters) - Egypt on Thursday (June 29) hiked fuel prices by up to 50 per cent to help meet terms of a US$12 billion IMF loan deal, a sharper rise than expected by many struggling with soaring living costs and a further test of President Abdel Fattah al-Sisi's popularity. Fuel price increases had been widely anticipated as part of Egypt's loan accord with the International Monetary Fund and Thursday's measures were the second rise since the government floated the pound currency in November   Read More ...
Egypt raises fuel prices for second time in less than a year
2017-06-29 14:41:20 CAIRO (AP) — Egypt has raised the prices of fuel by up to 55 percent, the second such increase since the local currency was floated seven months ago. Thursday's move, announced on official news agency MENA, comes as part of broader economic reforms taken to meet demands by the International Monetary Fund for a $12 billion bailout loan. Raising fuel prices is bound to boost already surging inflation and fan popular discontent over the austerity policies launched by President Abdel Fattah el-Sissi   Read More ...
DMC Shows Off LP610 Huracan With Cairo Design Pattern [w/Video]
2016-11-04 18:42:55 Known for their rather flamboyant way of adding extra bits to the Lamborghini Huracan's already aggressive exterior, DMC decided to show us a new design pattern added on as a wrap. According to the tuner, it makes the car look much more brutal, complimenting the aero kit which consists of a custom full front lip spoiler with added side flaps, side skirts for downforce, a rear diffuser and of   Read More ...
Officials Say Terrorists Most Likely Cause of EgyptAir Crash 
2016-05-20 00:49:40 Although investigators are still piecing together the sequence of events that led to the sudden disappearance of EgyptAir Flight 804 last Wednesday night, officials from several nations are in agreement on one key fact: It was probably terrorists. Egyptian civil aviation minister Sherif Fathi, Donald Trump—perhaps prematurely—and Hillary Clinton all confirmed today that available intelligence suggests the crash was part of a terrorist plot. “I don’t want to go to   Read More ...