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Customs exchange rate raised
Gov’t hikes customs exchange rate: The Customs Authority yesterday raised the USD customs exchange rate to EGP 18.65 from EGP…
Faster EV transition: An unexpected upside of war + A tight labor market is pushing more factory automation
How the war in Ukraine could help speed up the transition to electric vehicles: A cheap component that bundles car…
Car sales fall 20% in April
Passenger car sales fell for the second month running in April as economic headwinds and import restrictions hit the sector,…
How it works: The CPA’s refund scheme on car down payment
Want to get a refund on your car payments? Here’s what you can do: Customers who made a down payment…
THIS EVENING: We have more clarity on consumer refunds on car payments + monetary policy is top of mind for the global business press
Give yourselves a pat on the back for making it to this very well-earned THURSDAY afternoon, friends. It’s been a…
Don’t hold your breath if you expect to buy a new car anytime soon
Need a new car? Good luck. Some foreign car manufacturers have suspended sales to Egypt after a change to how…
Used-car retailer Sylndr raises USD 12.6 mn in pre-seed round
Online used-car retailer Sylndr has raised USD 12.6 mn in a pre-seed round led by RAED Ventures, the startup said…
Are international car brands cutting Egypt out of their short-term export plans?
WATCH THIS SPACE- Are international car brands cutting Egypt out of short-term production plans in response to a slowdown in…
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