Clarification

CLARIFICATION- We noted yesterday GB Auto Chairman Raouf Ghabbour’s sit-down with Al Masry Al Youm, in which he spoke of the obstacles facing the automotive sector. For the sake of accuracy, note that Ghabbour did not pin the blame on the Madbouly Cabinet’s economic group as a whole, but singled out the “responsible minister” as having failed to formulate a clear vision to develop the sector. Ghabbour lauded the authorities’ economic reform program in the interview.