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Egypt’s passenger car sales drop in April as covid lockdown measures bite
Passenger car sales dropped 26% y-o-y in April to 5,852 vehicles, according to figures from the Automotive Information Council (AMIC)…
Auto sales show solid growth in 1Q2020, but most of the gains came before covid hit in the second half of March
Auto sales show solid growth in 1Q2020, but most of the gains came before covid hit in the second half…
What we’re tracking on 15 April 2020
A gun battle with alleged terrorists in the capital city and the IMF’s warning that we’re heading into the worst…
Russian companies to invest USD 1.5 bn in Egypt this year
INVESTMENT WATCH- Russian companies plan to invest USD 1.5 bn in Egypt this year: Unnamed Russian companies are planning to…
Egypt’s GB Auto outlines mitigation plan to protect business from covid-19 fallout
GB Auto suspends capex for 2020 as part of its plans to mitigate effects of covid-19 on business: GB Auto…
House suspends discussions on auto strategy, Public Enterprises Act amendments indefinitely
LEGISLATION WATCH- House suspends discussion of auto strategy, Public Enterprises Act amendments indefinitely thanks to covid: The House industry committee…
Egypt’s passenger car sales rise in January for the first time in 10 months
Passenger car sales rose 10% y-o-y in January for the first time after 10 consecutive months of declines, according to…
Gov’t considering full customs exemption on imports of auto components
The government is considering a full customs exemption on imports of auto components: The Trade Ministry could grant a full…
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