October 31st, 2018 | 0 commentsThe Egyptian Competition Authority (ECA) is looking to keep an eye on the ride-hailing industry in Egypt following the shutdown of the Egyptian ride-hailing app Ousta, head of ECA said. Ousta’s collapse has prompted the state-run body to ask the country’s pioneer ride-hailing apps Uber and Careem for further details on the possible merger...
October 24th, 2018 | 0 commentsSaudi Automotive and Equipment Company (SASCO) logged a net profit of SAR 23.21 million during the first nine months of 2018, up 16.45% from the same period a year earlier, according to official figures released on the Saudi Stock Exchange (Tadawul) The company attributed the rise in its nine-month profits to a 68% increase in its sales a...
October 22nd, 2018 | 0 commentsEbrahim K Kanoo, a diversified business conglomerate, has inaugurated the first dedicated LLumar showroom and facility in Bahrain offering the latest window film solutions for automotive and architectural applications. It’s also the GCC’s largest. Spread over 2,000 sq ft, the new standalone facility in Tubli region has a ground floor with...
October 16th, 2018 | 0 commentsEgyptian companies and start-ups have marked a strong presence at the 38th edition of GITEX Technology Week 2018, which is currently taking place at the Dubai World Trade Centre (DWTC) from 14-18 October. Under the motto of “Time for Egypt,” acting CEO of the Information Technology Industry Development Agency (ITIDA) Maha Rashad said that...
October 15th, 2018 | 0 commentsThe Roads and Transport Authority (RTA) will debut the first autonomous taxi in the region at GITEX 2018 to be held in Dubai on Sunday. A host of smart initiatives and services, including the test run of the driverless taxi, will be launched at the exhibition, director general and chairman of RTA Mattar Al Tayer revealed in a statement. T...
October 12th, 2018 | 0 commentsMitsubishi Hitachi Power Systems (MHPS), a leading supplier of equipment and services to the power generation market, marked the official opening of its office in Qatar. The guest of honour was HE the Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada. Japanese ambassador Seiichi Otsuka, QEWC general manager and managing directo...
October 12th, 2018 | 0 commentsAl Manar Group, leading manufacturer of car parts and automotive fluids, has launched a new range of the world-class Forma products engineered for all types of vehicles and machines. The new range of the Forma oils includes the premium Forma Brake Fluid Tin, the multi-purpose Forma Hydraulic 68 and the Forma Radiator Coolant for liquid co...
October 11th, 2018 | 0 commentsThe Saudi Automotive Services Company (SASCO) has announced launching the commercial franchising programme for two brands, namely "SASCO Stations" and "SASCO Palm c-store" on Tuesday. This programme, which is the first of its kind, aims to create new investment opportunities for SASCO, according to a statement to the Saudi Stock Exchange...
October 7th, 2018 | 0 commentsSR Technics, a leading maintenance, repair and overhaul service provider with major presence in the UAE, said it has signed a MoU with US-based Feam Maintenance/Engineering on joint initiatives aimed at adding value for the current and prospective customers of both companies. SR Technics said in partnering with Feam, a MRO leader in aircr...
September 24th, 2018 | 0 commentsEgypt’s minister of trade and industry has denied news that the government was going to postpone the application of customs reductions on imported European cars. The government is not planning to postpone cutting tariffs on cars imported from the European Union (EU), Amr Nassar told Enterprise. “Automobiles imported from the EU will enjoy...
