The novel coronavirus (COVID-19) pandemic caused massive damage to the majority of economic activities in the world, and car spare parts, and motor lubricants markets are no exception. Both sectors witnessed a significant decline in sales in the (...)
The Egyptian government seeks to localise the electric car industry to keep pace with the current global approach to reduce pollution and protect environment using zero-emission vehicles.
Egypt's Public Enterprise Sector Minister Hisham Tawfik (...)
The automotive sector, like other economic sectors in Egypt, is still suffering from recession due to the ongoing novel coronavirus (COVID-19) pandemic, according to Alaa ElSaba, member of the Federation of Egyptian Chambers of Commerce's (FEDCOC) (...)
The last period has seen great damage inflicted on global business, most notably the automotive sector, which has witnessed a significant decline in sales due to the spread of the coronavirus (COVID-19).
With the state's decision to coexist with the (...)
The used car market has ground to a halt due to the suspension of notary office services, according to Osama Abu Al-Majd, Head of the Egyptian Automotive Dealers Association.
Consumers abstained from used car purchases whilst the suspension of (...)
Egypt's automotive sector is revving up for an anticipated comeback in the near future as car licensing services and notary offices resume following coronavirus (COVID-19) closures. But the windshield remains blurry as the crisis potentially (...)
Egypt's Ministry of Interior has announced resumption of car licensing, starting 3 May, after almost a month and a half of suspension that caused a major setback in the auto market during March and April. Although it was part of precautionary (...)
The coronavirus outbreak has forced various economic sectors and industries across the world to stagnate, with one of the most prominent of these sectors being the auto sector. Auto sales have stalled due to the economic uncertainties, forcing the (...)
The Ministry of Interior has suspended issuing and renewing cars licences whilst work in other related government agencies has ground to a halt, including notary's offices. The move comes as part of state efforts to curb the spread of the (...)
The Central Bank of Egypt (CBE) is to put in place penalties on car dealerships that ignore the financial inclusion programme and use cash transactions rather than electronic payments.
CBE Governor Tarek Amer said fines will be imposed to curb cash (...)
The automotive sector has been affected by several government decisions in recent weeks against the negative repercussions of the coronavirus.
The Central Bank of Egypt (CBE) decided to reduce interest rates by 3% to support various sectors and (...)
Marketing Director of Fiat Chrysler Automobiles (FCA) in Egypt Ahmed Labib said that the government's car manufacturing strategy, which it is currently working on, must meet the needs of manufacturers.
By giving several incentives that incentivises (...)
Marketing Director of Fiat Chrysler Automobiles (FCA) in Egypt Ahmed Labib said that the government's car manufacturing strategy, which it is currently working on, must meet the needs of manufacturers.
By giving several incentives that incentivises (...)
Khaled Saad, Secretary General of the Egyptian Association of Automobile Manufacturers, stressed the need to start localising the auto industry to keep pace with the international auto industry, stressing the need to set broad terms that will usher (...)
The Egyptian government seeks to gain more ground in the electric car industry by providing the necessary investments, and keeping abreast on current global trends to refrain from pollution. The aim of using electric cars is to become independent (...)
A state of anxiety dominated the agents and dealers of cars imported from China after the spread of the Coronavirus in the Chinese city of Wuhan, which resulted in halting many businesses inside the country. International car companies decided to (...)
Reactions varied about the stimulus package that the government seeks to implement with the aim of promoting the electric car industry in Egypt, especially with its widespread in various countries of the world.
Ayman Mohamed, founder of Electrified (...)
With the start of 2020, new and used car prices are witnessing sharp fluctuations due to reluctance of consumers to buy cars for several reasons, mainly as many of 2019 models are still in showrooms and the waiver of customs on Turkish cars starting (...)
Customers are currently reluctant to buy cars, expecting more reductions in prices in early 2020, after the cancellation of the remaining customs duties which reached 10% on the total customs value of Turkish cars, along with the fall of the dollar (...)
The car market is anticipating the impacts of eliminating customs on Turkish-origin cars, as part of the Free Trade Agreement between Egypt and Turkey.
Many wonder about the expected reduction in the car prices, in addition to whether the agreement (...)
Since the beginning of this year, the Egyptian automobile market has witnessed many changes that have significantly affected its sales revenue, especially for Chinese cars.
Perhaps the most important factor that posed a great threat to Chinese (...)
SMG engineering automotive company, agent of the German brand Porsche in Egypt, opened a new Porsche facility in Cairo, in the presence of Chairperson and CEO of SMG group, Ibrahim Ghattas and CEO of Porsche in the Middle East, Manfred (...)
An official source at the Egyptian Customs Authority ruled out making any changes in the Free Trade Agreement (FTA) between Egypt and Turkey, despite the recent diplomatic tension between the two countries and some calls for escalation, stressing (...)
Prime Minister Mostafa Madbouly chaired a meeting in September on a national project to convert mini and micro buses to run on natural gas.
During the meeting, the Executive Director of the Micro, Small and Medium Enterprises Development Agency (...)
Daily News Egypt held a roundtable discussion to talk about the latest developments in the automotive market on several fronts, including the mechanism of car pricing.
It also discussed the impact of interest rate cuts, in addition to expectations (...)