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 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 (...)
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 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 (...)
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 (...)
Egypt is on the path of reviving its automotive manufacturing and feeder industries, in hope to introduce new sources of national income and foreign currency.
The automotive sector has recently been through several developments and decisions, which (...)